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Terms&Conditions in ICOs: what should we pay attention to

Terms & conditions have always been an essential part of an initial coin offering (ICO), as well as of any other type of deal. A regular active user may hit «I agree» button multiple times a day without bothering to considering what surprises can possibly pop up. What, sometimes, can be a bit of an issue. We are conditioned to overlook the less-than-enthralling legal sections of websites. Even lawyers can feel unmotivated to read these provisions. We analyze the product or service on its alleged merits, prior experience and reviews of other users. We are also sometimes shielded by consumer protection laws.

But, since ICO tokens exist in the virtual realm and are nothing more than a set of rights, there is often no product to demonstrate, there can be no usage reviews, and, what’s more, there is little clarity on legislative protections. These points make it imperative to have a look at the corresponding terms and conditions.

In case if an ICO’s website doesn’t even have an attached T&Cs document, it’s a signal to hold your money tighter. Obviously, it’s not that fun reading T&Cs, but don’t be tempted by a one-page document: it must be lengthy.  

What else should you pay attention to? read more

The Co-Founder Of LinkedIn starts an ICO

The co-founder of employment data platform LinkedIn Eric Ly is launching an ICO to raise $20 million in a Simple Agreement for Future Tokens (SAFT) sale. The funds are raised for a platform called ICOHub launched in April. Its goal is to create a network for more reputable token sales as a verifiable source of data on Blockchain projects and the teams behind them.

80 Percent of Initial Coin Offerings in 2017 Were Scams

80 Percent of Initial Coin Offerings in 2017 Were Scams

A research made by ICO advisory firm Statis Group discovered that more than 80% of initial coin offerings (ICOs) in 2017 were scams. The study considered their lifecycle from the very beginning to the maturest phase of trading.   

“Over 70 percent of ICO funding (by $ volume) to-date went to higher quality projects, although over 80 percent of projects (by # share) were identified as scams,” the study says. Furthermore, 4% of ICOs failed, and 3% had gone dead. By “dead” the researchers imply ICOs that are “not listed on exchanges for trading and has not had a code contribution in Github on a rolling three-month basis from that point in time.” read more

Half of ICOs Perish Within the First Four Months After Token Sales End

Half of ICOs Perish Within the First Four Months After Token Sales End

A Boston College study analyzed the intensity of tweets on crypto startups' accounts to detect any signs of life when token sales are finalized.

The study found that about 56% of the startups die within 4 months of their initial coin offering. The researchers, Hugo Benedetti and Leonard Kostovetsky, considered 2,390 ICOs that were completed before May 2018. read more

China Is Crushing Foreign ICOs Venturing into the Country

China Is Crushing Foreign ICOs Venturing into the Country

A vice governor of the People’s Bank of China Pan Gongsheng roughly commented on the situation with ICOs in the country, specifically those that had moved overseas but kept communicating with Chinese investors. Gongsheng reminded that ICOs, undercover ICOs and crypto asset trading are illegal in the Republic and represent illicit forms of fundraising and securities issuance.

"Any new financial product or phenomenon that is not authorized under the existing legal framework, we will crush them as soon as they dare to surface,” Pan said. Further, a Chinese state-owned messenger WeChat turned out to be contributing into the regulation by spotting crypto traders and limiting the amount of fiat currency such users can receive via the app. 

Russia cracks down on digital assets

Russia is doing its best to ignore or simply tear down innovations. In January this year, the State Duma made public a draft law concerning digital financial assets and basically put paid on them. The document contains noticeable white spots making the new law vague and ambiguous. Here are the fundamental points it affects: read more

The Сo-Founder Of LinkedIn Starts An ICO

The Сo-Founder Of LinkedIn Starts An ICO

The co-founder of employment data platform LinkedIn Eric Ly is launching an ICO to raise $20 million in a Simple Agreement for Future Tokens (SAFT) sale. The funds are raised for a platform called ICOHub launched in April. Its goal is creating a network for more reputable token sales as a verifiable source of data on Blockchain projects and the teams behind them.

3 Bitcoin Mining Companies Appear on the Unicorn List

3 Bitcoin Mining Companies Appear on the Unicorn List

For the first time, bitcoin mining projects have been added to the list of “unicorns” – a rating of privately owned companies valued over $1 billion.

Climbing up to the Top 

Hurun Research Institute based in Shanghai published a report featuring 3 Chinese cryptocurrency companies: Bitmain is ranked 13th on the list since its value reached as much as 70 billion yuan (approximately $10.3 billion). Two other firms to be listed are Canaan Creative valued at $3 billion and Ebang worth circa $1.5 billion, which are at the 32nd and 53rd positions respectively. 

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A Floating Utopia – Or Not?

A Floating Utopia – Or Not?

Oppressed by governments, slave owners, social inequality and unjust laws people have always dreamt of a place where everyone would be free. After realizing that leaving this planet is not an easy get-away plan, people started imagining utopian cities right here, on Earth. read more

Whatever coins: playing around cryptocurrency

Whatever coins: playing around cryptocurrency

The world has been watching the crypto market growing at an insane pace, and new coins are born every day. While some ICO-enthusiasts put much effort in creating a proper trust-worthy reputation, others take cryptocurrencies easy. 

We collected the brightest examples of ICOs that hadn’t regard any formalities but had added some humour to things that don’t usually seem to be funny.read more

South Korea Is About to Present New Regulations

South Korea Is About to Present New Regulations

South Korea’s legislature is developing new rules on cryptocurrency, Initial Coin Offerings (ICOs) and Blockchain technology. Lawmakers will introduce drafts of the bills at an extraordinary session of the National Assembly between July 12 and 26. 

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The Philippines Has Developed New Regulations Concerning Initial Coin Offerings

The Philippines Has Developed New Regulations Concerning Initial Coin Offerings

The Philippines is about to present new regulations allowing startups to legitimately raise funds through initial coin offerings (ICOs).

All Tokens Are Securities Expect When They Are Not

Before the regulations go into effect, the country’s Securities and Exchange Commission (SEC) is waiting for the people’s feedback concerning the draft rules published on Thursday, August 2nd. read more

China Is Gunning for Foreign Crypto Trading Platforms

China Is Gunning for Foreign Crypto Trading Platforms

China’s financial regulators are going to ban more than 100 foreign crypto exchanges that offer trading services to local investors.

Hunting Down Crypto Exchanges

Providing details, Shanghai Securities Times reported that the China National Fintech Risk Rectification Office has so far detected 124 trading platforms with foreign IP addresses, yet that are accessible in the country. The office intends to keep monitoring the space and

The National Fintech Risk Rectification Office is a government organization aiming to fight against money related risks like peer-to-peer loaning and cryptocurrency exchanging.

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South Korea to Decide on Legalisation of ICO

South Korea to Decide on Legalisation of ICO

Definitely, Maybe

The current situation with Initial Coin Offerings (ICO) in South Korea is very precarious. The government banned any types of ICO and anonymous crypto trading. We’ve already reported about new regulations introduced by the government.

 Now there is a chance that ICO is going to be legal again.

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Regulators in Philippines to Present ICO and Crypto Exchange Rules

Regulators in Philippines to Present ICO and Crypto Exchange Rules

Crypto regulators in the Philippines intend to publish draft cryptocurrency regulation before September ends, The Manila Times announced Monday, September 3. 

Regulating Crypto Exchanges 

Referring to Ephyro Luis Amatong, executive of the country’s Securities and Exchange Commission (SEC), the local news outlet reported that cryptocurrency exchanges should be considered as conventional "trading platforms." 

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