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Bitcoin News Roundup for May 29, 2020
29.5.2020
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
'New Google' Settles With SEC For $29 Million
29.5.2020
A company that was heralded as the “New Google” settles with the SEC, agreeing to return $29 million to ICO investors, in addition to a $400,000 penalty
South Korea to Start Taxing Bitcoin Profits in 2021
29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...
SEC Orders ICO Startup to Return $25.5M to Investors
29.5.2020
The United States Securities and Exchange Commission ordered crypto firm BitClave to return $25.5 million to investors
BitClave Search Engine Agrees to Pay Back $25M ICO in Settlement With SEC
28.5.2020
BitClave will pay back over $25 million in a settlement with the SEC stemming from a 2017 token sale
US Court Freezes Assets Linked to Alleged $9M ICO Scam
28.5.2020
A federal court has frozen assets raised from investors in the Meta 1 Coin token sale
The Death of the ICO: Has the US SEC Closed the Global Window on New Tokens?
23.5.2020
As Telegram learned, regulators in the U.S. are a major barrier to new projects looking for funding anywhere in the world
Bitcoin.com Exchange Lists ESH Token Support Prior to John McAfee’s Ghost Airdrop
21.5.2020
In mid-April, news.Bitcoin.com reported John McAfee’s new privacy token called Ghost, as the former anti-virus tycoon detailed “governments will be unable to shut it down.” Ghost won’t be distributed in the usual fashion by leveraging an initial coin offering (ICO), as...
Atari Partners With Litecoin Foundation — LTC Discount For Game Consoles
19.5.2020
Legendary video game producer Atari partners with the Litecoin Foundation to take advantage of the overlap between the two communities
Another Class Action Against Block.One Alleges Dirty Dealings During EOS ICO
18.5.2020
Filed this morning, the second class action against block.one estimates that U.S. investors made up $200 million of the EOS ICO, in violation of securities law
Majority of TON Investors Reportedly Choose to Quit for 72% Refund
16.5.2020
Only few TON investors reportedly want to support Telegram and wait for a 110% refund until April 2021 after TON’s official termination, a new report says
Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution
13.5.2020
Popular messaging app Telegram has shut down its TON cryptocurrency project. Telegram founder Pavel Durov explains that a US court has stopped his TON project and prevented the gram cryptocurrency from being distributed to investors, not just in the US but globally. Telegram Discontinues...
Breaking: Telegram Abandons Telegram Open Network and GRAM Tokens
12.5.2020
Telegram CEO announces the end of Telegram Open Network and Gram following regulatory battle
Loom Network Responds to Rumors of the Project’s Demise
11.5.2020
Representatives from the Loom Network have clarified that, though they have pivoted to an enterprise solution, the project remains active
Token Sales Treated as Securities Offerings by Default in Gibraltar
10.5.2020
All tokensales will be treated as securities by default unless the issuer can prove otherwise, says Gibraltar’s financial services minister
Looks Like the Loom Network Has Thrown in the Towel
9.5.2020
Available information seems to indicate that Loom's future is shaky
Kik’s Drama With The SEC May Soon Be At An End
9.5.2020
Both SEC and Kik are requesting summary judgment in their lengthy dispute over the firm’s 2017 ICO
Telegram Agrees to Hand Over Trove of ICO Documents to SEC
8.5.2020
Telegram has agreed to provide communications relating to purchase agreements between the firm and the initial purchasers in its 2018 ICO
Meet Ideaology – All in One Blockchain Solution
6.5.2020
DUBAI, UAE, 8th May (Friday) Time: 10 AM New York, NY, USA (GMT-4) ‘MEET IDEAOLOGY’ webconference is looking for you The exclusive, pre-launch presentation for the top crypto people In an effort to make top-shelf blockchain partnerships before their Initial Coin Offering is launched, Ideaology...
UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%
2.5.2020
UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million...