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Tag: initial coin offerings

Munchee ICO Terminated by the SEC

Category: Finance, News, Regulation

Munchee ICO Terminated by the SEC

Quickly following the SEC’s statement regarding ICOs (Initial Coin Offerings) and cryptocurrencies, the regulator shut down Munchee’s token sale, which raised $15 million. The company received their cease and desist from the SEC on December 11, with all $15 million being returned to their respective investors. Munchee looks to roll out a decentralized blockchain-based food review and social platform, and…

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TokenDesk’s Gintaras Tamosiunas: “China Bans, I Make Plans”

Category: ICO News

TokenDesk’s Gintaras Tamosiunas: “China Bans, I Make Plans”

In the beginning of September, the Chinese national central bank banned all initial coin offerings. According to Xinhua news agency, over $400 million was raised in coin sales this year so far. This made officials a bit cautious as Chinese risk averse approach to capital management and distribution has long been their strategic preference. To comment on the topic we…

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What’s “All of the Fuss” About China’s ICO Ban?

Category: Commentary, News, Regulation

What’s “All of the Fuss” About China’s ICO Ban?

The explosive growth of Initial Coin Offerings (ICOs) have been one of the hottest news stories of 2017. These asset instruments allow organizations to raise investment capital through the sale of homegrown cryptocurrencies, that can be traded for cash or other forms of digital currency. The September 4 announcement, however, of an ICO ban in China caused a momentary global…

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China Shocks Cryptocurrency Market By Banning ICOs

Category: Altcoins, Finance, News, Regulation

China Shocks Cryptocurrency Market By Banning ICOs

On the morning of September 4, cryptocurrency markets were rattled by news coming out of China that regulators have announced a ban of future initial coin offerings (ICOs) in the People’s Republic. According to local news outlet Caixin, a working committee tasked with overseeing the country’s digital financial sector has stated that new projects are banned from raising funds through…

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