Tag: ICO

Steven Seagal Pays up $330,000 Following his ICO Endorsement

Plenty of celebrities have openly endorsed initial coin offering in 2016 and 2017. It was a matter of time until that type of behavior would have negative repercussions.  Steven Seagal is one of the multiple celebrities paid to promote an ICO.  Steven Seagal Pays a Hefty Price At the time, there was no pressure by the SEC for such projects. Years later, Seagal came under scrutiny of the SEC for …
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The ICO and IEO Are Dead. What’s Next for Crypto Fundraising?

So long ICO and your short-lived successor the IEO. It was nice knowing you. We’ll remember the good projects you spawned, but mostly we’ll recall the financial mismanagement, misaligned incentives, regulatory side-stepping, and token-holder acrimony. Regardless of whether you view the ICO era as a net good or bad for the crypto industry, it’s an era that’s now winding down. A trickle of initial exchange offerings will continue into this …
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DeepBrainChain is Another ICO Running out of Money

It is not uncommon for cryptocurrency projects to run out of funding. When that happens to an ICO raising over $10 million a few years ago, eyebrows will be raised. In the case of DeepBrainChain, it appears that the end is nigh. DeepBrainChain is Going Under During a recent social media discussion, the CEO of the project indicated that there are funding concerns. This is primarily due to inappropriate time …
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The $100m Karatbars ICO Raises Questions Which Can’t be Answered

A growing list of cryptocurrency-themed projects have turned out to be complete scams. Although there are some exceptions, most of those ventures are no longer around. In the case of Karatbars, it seems things have begun to unravel in quick succession. The project is under investigation for a variety of reasons.  Karatbars and its Gold Reserves Regulators in the US have taken offense to the Karatbars project. Not just because …
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