Gladius Network, a cybersecurity vendor whose services are based on blockchain technology, conducted an unregistered initial coin offering (ICO) but later reported its actions to the SEC, agreed to compensate ICO investors, and is registering the ICO tokens as a class of securities — underscoring the SEC’s assertion that digital tokens must conform to securities… Read More >>
SEC & Justice Department Bear Down on Centra Tech
In the present financial era value moves around the globe via esoteric financial instruments that may exist only on the Internet. Which means that today a robbery might be entirely virtual. Even though the value stolen is entirely real. That proposition underlies the SEC’s recent complaint against the two co-founders of a so-called “financial services… Read More >>
SEC Stops ICO Feared to Be Cryptocurrency Scam
In keeping with warnings over cryptocurrency-based investments, the SEC has acted to halt an initial coin offering (ICO) that the regulator alleges is a fraud targeting retail investors that professes to be the world’s first decentralized bank, officials say. The SEC filed a complaint in federal district court in Dallas, Texas on Jan. 25, which… Read More >>
