ICO Deputy Commissioner appointed OECD working party chair
The ICO’s Steve Wood has been appointed as chair of the OECD’s Working Party on Data Governance and Privacy. The working party plays
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ICO
Unregistered ICO Issuer Gladius Shuts Down 9 Months After SEC Settlement
Gladius started to sell its GLA tokens in exchange for ether in October 2017, and aimed to incentivize people to use its network. The firm raised nearly 24,000 ETH when it completed the token sale in December that year, according to a press release from the SEC. Source
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Gladius Dissolves Ignoring SEC Order to Refund $12.7M ICO
Distributed cybersecurity startup Gladius dissolved without complying with the United States Securities and Exchange Commission (SEC) to reimburse investors.The firm’s co-founder and chief technology officer Alex Godwin announced the dissolution of the company in a message sent to the project’s official Telegram group on Nov. 22. “The company no longer
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ICO submits Age Appropriate Design Code of Practice to government
The Information Commissioner has today (Friday 22 November) submitted the final version of the Age Appropriate Design Code of Practice to the
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Achievement? Maksim Zaslavskiy Becomes First-Ever Convicted ICO Fraudster
The once big-time computer programmer Maksim Zaslavskiy, who was known for his prominent role in the crypto industry, was charged for fraud in 2017 and recently convicted for operating an initial coin offering (ICO) scam. This is the very first time anyone is going in for conducting a fraudulent ICO
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US ICO Scammer Sentenced to 18 Months In Jail
Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars.As Law360 reported on Nov. 18, the Brooklyn businessman received a prison sentence
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Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison
The fraudster used diamonds and real estate to whisk away $300,000 in other people's money in 2017. Source
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How to Turn a $17 Million ICO Into $104 Million: The Cosmos Story
The Interchain Foundation (ICF) raised $17 million in April 2017 to shepherd the development of the Cosmos network, a system for making blockchains talk to each other. Following the sale of its ATOM token, the ICF has funded a
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NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO
The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable for a civil penalty of $1 million, fintech publication FinanceFeeds reported on Nov. 1, citing a
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Twitter CEO and Founder Jack Dorsey Funds ICO Platform CoinList
Although Twitter’s boss and founder, Jack Dorsey, has strongly resisted the temptation to borrow a leaf from Mark Zuckerberg and run its own native digital coin, he has never relinquished his stand on virtual currencies.Putting his money where his mouth is, Dorsey joined hands with the initial coin offering (ICO)
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