A joint report by the Yahoo Finance and Decrypt Media expressed over the U.S. Securities and Exchange Commission’s reaction over ICOs, risking hundreds of such projects. The report highlighted that the authority imposed restrictions over the companies whose token sales infringed the securities laws and that the companies ‘quietly agreed’ to meet its orders.
The Libereum crypto company has raised $4 million in a private funding round and is about to announce its initial coin offering soon. The company intends to invest the funds raised through the ICO to purchase football clubs. Reportedly, the Libereum tokens would be adopted as the purchase consideration for tickets, food, and beverages in the stadium.
The blockchain association in Korea has expressed that the government could permit the entities to issue ICOs which would boost the economy and also help generate new jobs. The chairman of the Korean Blockchain Association, Chin Dae-je, has exposed a set of guidelines on the blockchain and added, “Startups who comply with guidelines should be allowed to launch ICOs.”
The Cobinhood has partnered with Zeux aiming to support and launch the ICOs. On the completion of the token sale, the unsold Zeux tokens would be burned and the funds received from the contributors would remain undiluted. The partnership would help Zeux ‘deliver a revolutionary regulated solution making transactions fast, convenient, secure and reliable.’
Caspian, a crypto trading platform, has managed to raise USD $16 million on a pre-sale of its CSP token. The public sale is scheduled to commence from the 3rd of October. The platform is linked to exchanges such as Binance, Bitmex, Bitfinex, Gemini, OKex, and others. The Caspian also claimed that 170 institutional-grade customers are willing in on-boarding to its platform.
Newcastle United and Cardiff City, the English Premier League teams are communicating with SportyCo aiming to launch their ICO. SportyCo, the decentralized sports investment and funding platform, has already supported Avai Futebol Clube to raise $20 million. Its association is expected to boost the sale of private tokens of the club as securities or utilities.
The Avai Futebol Clube announced the development of a digital ecosystem and targets to raise $20 million through ICO. The president of Avai explained, “Partnership with SportyCo and be the first sports company to do an initial coin offering, paving the way for other clubs all over the world to approach financing their sporting activities in this novel way.”
Uncloak.io is unveiling a security product integrating blockchain technology. The product was developed by an ex-hacker turned cyber-security expert. A pre-sale of UNC tokens permit the companies to invest in Uncloak with an ICO scheduled to begin from 25th September. The proposed system is to be made available to the public from the 4th quarter of this year.
Republia.io has opened its crowdsale for the public. The Republia.io is a blockchain project joins all aspects of distributed ledger technology and develops a highly functional ecosystem of interconnected systems. The project is aimed at the development of a system where every project built on it would function as part of the larger Republia.io system.
The Hedera Hashgraph has announced the completion of its token sale. The company claimed to have achieved the hard cap of $20 million. The crowd sale registration page has been removed from the website. The token generation event is scheduled to happen on 19th August during which 50 billion tokens are to be created and placed in the Hedera wallet