Acala wins first Polkadot parachain auction with $1.3 billion raised
    21 Nov 2021
    27 Views

    Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured first place in Polkadot’s parachain auctions, with over 81,000 stakeholders locking up their funds in the crowd loan. As a result, the upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. The first coveted Polkadot parachain slot was…

    SEC fines ICO rating website for taking money for favorable reviews
    03 Aug 2021
    11 Views

    The U.S. Securities and Exchange Commission (SEC) claimed settled charges against UK-based Coinschedule. The Coinschedule platform that reviewed upcoming initial coin offerings (ICOs) from 2016 to August 2019 was providing overviews of which ones were more or less fraud. According to the SEC’s July 14 order: “The platform claimed to ‘list’ or profile the ‘best’…

    Why the fear of ICO enforcement and liability is coming to an end

    Some of the law firms that ferret out possible securities claims in search of fees and recovery for investors’ harm are increasingly being coldly received by federal courts. That is very good news for the crypto industry and investors who hold tokens in legitimate blockchain companies, thinks Marc Powers, an adjunct professor at Florida International…

    SEC brings three more charges in $30 million ICO fraud case
    21 Jun 2021
    6 Views

    SEC has brought three new charges in the $30 million ICO fraud case against Boaz Manor and Edith Pardo, 18 months after the first charges. The Securities and Exchange Commission (SEC) has brought charges against three additional defendants in its ongoing case against ex-con Boaz Manor and his business associate Edith Pardo for raising $30…