The Securities and Exchange Commission issued an alert Tuesday, urging investors to proceed with caution before investing in IEOs through online trading platforms—which often tout themselves as exchanges—especially when those platforms are located overseas.
New York State Attorney General Letitia James’s office called shenanigans yesterday on Bitfinex and Tether’s argument that it could spend $5 million defending itself from accusations of fraud.
The U.S. Securities and Exchange Commission approved a second blockchain company’s request to sell its tokens to the public on July 11, a day after breaking ground by greenlighting its first public cryptocurrency sale.
The U.S. Securities and Exchange Commission has finally given a blockchain company the O.K. to sell tokens directly to investors—sort of. The SEC on Wednesday approved blockchain startup Blockstack’s application to raise money via a token offering, the first time it has allowed this type of fundraising in the cryptocurrency industry, according to the Wall Street Journal. The SEC has sued and fined several companies for initial coin offerings (ICO) that the agency said violated securities law. The action “is a massive step towards the much-needed clarity for the US crypto space,” according to social trading platform eToro’s senior market analyst, Mati Greenspan. “This could be considered the first regulated…