News

US Court Issues Emergency Order Halting a Planned Initial Coin Offering

Friday, October 12, 2018

An American court has put a stop to an initial coin offering (ICO) by a company claiming to offer “the first licensed and regulated tokenized crypto currency exchange & index fund based in the US.” The ICO promoters even invented their own regulatory authority, which seems to have really irked the regulators. Also Read: The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin SEC Stops Blockvest…

Another Fraudulent ICO Shut Down By the SEC—Here We Go Again!

Thursday, October 11, 2018

Wow. It is a solemn day for cryptocurrencies everywhere! According to CoinMarketCap, the market is experiencing a big crash with most coins seeing double-digit losses. I wish I could be bringing a lighter tone to this grey picture, but another fraudulent ICO has been shut down by the SEC earlier today. Is such market volatility going to spell the end for cryptocurrency? Between vast and sudden sell-offs and another fraudulent ICO, you…

SEC Obtains Emergency Court Order to Halt Questionable ICO

Thursday, October 11, 2018

The U.S. Securities and Exchange Commission (SEC) has obtained an emergency court order issuing the stoppage of a recently planned initial coin offering (ICO) by Blockvest LLC and its founder Reginald Buddy Ringgold III, who falsely advertised that the token sale was approved by the SEC. According to the SEC, Blockvest has repeatedly violated both anti-fraud and securities registration provisions by incorrectly claiming that its ICO had obtained regulatory approval…

Blockchain Platform Utopia Music Acquires ISPY Group to Open Untapped Revenue

Thursday, October 11, 2018

Utopia Music, a blockchain-powered music data tracking platform, has acquired ISPY Group to open up avenues of untapped revenue in the music industry. It’s estimated that there is around $30-60 billion worth of untapped revenue in the music industry. Not only that, but royalities collected by performing rights agencies remain unallocated, unattributed, and unpaid to […] The post Blockchain Platform Utopia Music Acquires ISPY Group to Open Untapped Revenue appeared…

Ripple Price Analysis: XRP/USD at Clear Risk of Further Declines

Thursday, October 11, 2018

Key Highlights Ripple price declined heavily and broke the $0.4280 and $0.4000 support levels against the US dollar. This week’s followed important bearish trend line played well with resistance at $0.4480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under a lot of pressure and it may continue to face sellers near $0.4280 and $0.4400. Ripple price nosedived into a bearish zone against…

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