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Canada Court Holds Ico Organizer In Contempt

The organizer of an initial coin offering (ICO) in Canada has been found in contempt of court following a new ruling from the Quebec Supreme Court. The Autorité des marchés financiers (AMF), Quebec's financial regulator, published a statement on October 20 announcing that Dominic Lacroix and a related company, DL Innov inc., had allegedly ignored previous court orders aimed at preventing them from soliciting investors for "PlexCoin". PlexCoin, according to its official website, is a cryptocurrency based on ethereum.

Mark Cuban Backed Unikrn Raises 31 Million In E Sports Token

E-sports betting startup Unikrn has raised roughly $31 million in an initial coin offering. The firm collected 112,720 ethers – an amount worth approximately $31.4 million at press time – in a token sale that took place in two phases, including 56,000 ETH (roughly $15.6 million) in a presale backed by celebrity investor Mark Cuban. In an email, Rahul Sood, chief executive of Unikrn, said that the company had sourced contributions from 112 countries, characterizing them as "mostly small

Moon Or Bust Questions To Ask When Evaluating Icos

Bruce Fenton is the CEO of Chainstone Labs and Atlantic Financial. He has worked in the investment management industry for over 25 years and is a board member of the Bitcoin Foundation and Medici Ventures, and is the host of the Satoshi Roundtable event. In this opinion piece, Fenton offers a set of criteria by which investors can analyze ICOs and cryptocurrencies, with a mnemonic device inspired by one of the industry's favorite slogans. Before bitcoin came along, I

Dilbert Comic Strips Lampoon Blockchain and Initial Coin Offerings

With the enterprise business world moving closer to launching blockchain-based products and services, it's no surprise that the popular comic Dilbert would tackle the subject. In the past week, comic artist Scott Adams has put out two strips related to blockchain, including one wherein the eponymous Dilbert floats the idea of launching an initial coin offering (ICO). After Dilbert lays out the basic gist of the use case – through which funds are raised via the sale of cryptographic

Jaguar Backed Blockchain Startup Completes 12 Million Ico

A blockchain startup funded by the venture arm of Jaguar Land Rover has raised roughly $12 million in an initial coin offering (ICO). DOVU told CoinDesk that it had raised a total of 40,000 ethers, an amount worth approximately $12.5 million at press time. The token sale was divided in two parts, including a pre-sale and a public sale that concluded on Tuesday. The startup had previously received an investment from InMotion Ventures, Jaguar Land Rover's investment outfit. Creative

Regional Regulators In North America Are Closely Watching Icos

It's not just national-level securities legislators that are keeping a close eye on initial coin offerings (ICOs). Late last month, the North American Securities Administrators Association (NASAA) – an organization composed of local, state and regionally based markets watchdogs in Canada, Mexico and the United States – published its Enforcement Report for 2017. While primarily an overview of the kinds of enforcement actions taken in the past year and the issues facing securities regulators, it notably contains a section

What Comes After The Cryptocurrency Bubble

Joe Pindar is the director of strategy in the office of the chief technology officer at security firm Gemalto. In this opinion piece, Pindar argues that the recent token craze is a blip, and that blockchain technology remains more important in the long term than any currency. If you attend investment conferences or talk to long-time industry analysts, it's clear that that the general cryptocurrency market bubble is unsustainable. There were 30 initial coin offerings (ICOs) in July, each

Afraid of Icos Bankers Heap Criticism on Token Tech At Exchange

Several high-profile banking executives had not-so-nice things to say about initial coin offerings (ICOs) at an event in New York City this week. Hosted by the Moscow Exchange Group, around 400 attendees were present at the forum, including central bankers and representatives of the "Big Four" accounting firms. And though a range of topics was discussed, none proved more top-of-mind than the blockchain token sector. In line with the wider discourse on display in recent weeks, the first deputy

Basecoin Revealed A16z Metastable Seek Crypto Holy Grail with

An all-star cast of investors has backed a little-known startup behind a token called basecoin. Scheduled to debut with a white paper release on Tuesday, the project, the first from Intangible Labs, boasts investors including 1confirmation, Andreessen Horowitz, Bain Capital Ventures, Digital Currency Group, MetaStable Capital, Pantera Capital and PolyChain Capital. Hailed as an evolution of the "stablecoin" concept, basecoin is lauded by investors for its unique approach to what's been called the "holy grail" of cryptocurrency – a

No Token Response Unicef is Open To Launching Its Own Ico

So-called token sales or initial coin offerings (ICOs) are getting a nod of approval from an unlikely source. Revealed in an exclusive interview with CoinDesk, the United Nations Children's Fund (UNICEF), the U.N. program tasked with providing assistance to children around the globe, said this week it would be open to exploring how it could issue custom cryptocurrencies, either to further its mission or the goals of its partners. While it might seem surprising that an organization like UNICEF