• SEC
    United States

    SEC settles complaint against self-reporting ICO

    Ruling could be problematic for fraudsters of 2017 and 2018

    The Securities and Exchange Commission charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), even after the company self-reported themselves to the commission. Companies that fund through an ICO must register the coins as securities, the SEC clarified on Wednesday. Gladius will have to offer speculators a refund.

  • Data
    Alt coins,  Cryptocurrencies,  Innovators

    Ahead of ICO, Ternio defends company’s technology

    Company claiming first blockchain with a million transactions per second has a million questions to answer

    If there were a Rotten Tomatoes-like aggregator for top ICOs, Ternio would probably get a “91%.” They have a top team, third party verification of technology, and the impressive first-ever milestone of 1 million transactions per second. They also have a serious problem convincing us that any of that is true. When Ternio co-founder Daniel Gouldman hired security firm Null Bash to conducted a full audit of Ternio’s team, infrastructure, and code base, it was more than a party trick. Gouldman wanted the toughest outsiders possible to verify that Ternio’s Lexicon architecture could handle one million transactions per second (txns). Ternio is in the pre-sale stages of its ICO, so…