SEC Asset Freeze Caused ‘Significant Harm’ to Holders, Says Veritaseum

The chief defendant in an alleged $15 million ICO fraud case has submitted a formal reply to the United States Securities and Exchange Commission. The chief defendant in an alleged $15 million initial coin offering (ICO) fraud case has submitted a formal reply to the United States Securities and Exchange Commission (SEC).  On Aug. 20, […]

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Hubii’s Nahmii Announces IEO and First Member of Governing Board

Nahmii, Hubii’s blockchain scaling platform, reports a major week, announcing an IEO and the first member of its governing association two years after Hubii’s troubled ICO. Ethereum-based layer-two blockchain scaling platform nahmii has onboarded the Norwegian Block Exchange (NBX) as the first member of its governing association, according to a press release shared with Cointelegraph […]

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South Korea’s ‘Bit-Island’ Jeju Announces New Blockchain Initiative

South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service. South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. An island with blockchain ambitions Local news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the […]

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Leading Latin America Investment Bank Joins Distributed Ledger Group

BTG Pactual, the leading Latin America investment bank, joined the organizing committee of the Post-Trade Distributed Ledger Group. Leading Latin America investment bank BTG Pactual joined the organizing committee of the Post-Trade Distributed Ledger (PTDL) Group. Alliance for blockchain use Industry news outlet LedgerInsights reported on Aug. 15 that Brazil-based bank BTG Pactual joined PTDL […]

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US Financial Regulators Reach $7M Settlement Over PlexCorps ICO

The U.S. SEC has reached a settlement agreement with entities alleged to have broken securities laws in an ICO that netted over $8 million. The United States Securities and Exchange Commission (SEC) has reached a multi-million dollar settlement with PlexCorps owner Dominique Lacroix, business partner Sabrina Paradis-Royer and PlexCorps over an allegedly fraudulent initial coin […]

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Development ‘On the Chain’ to Promote Off-Chain Blockchain Adoption?

What does the next decade hold for blockchain? Institutional adoption, portfolio diversification, fundraising schemes and IoT. In the last decade, blockchain and distributed ledger technology has had an immense impact on a multitude of industries, with 84% of organizations experimenting with the technology, with more than half (52%) of blockchain projects in the research and […]

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SEC Requests Freeze on Assets in Connection With Alleged $15M ICO Fraud

The SEC is prosecuting a New York businessman and his two companies in connection with an allegedly fraudulent ICO that netted $14.8 million. The United States Securities and Exchange Commission (SEC) has filed a complaint against a New York-based man and two of his companies. The SEC alleges that these entities conducted a fraudulent and […]

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