A recent Twitter spat between ardent Bitcoin proponents and members of the Ethereum community, once again, highlighted the tensions between the two camps on an ideological disagreement over the role ICOs and altcoins have played in the broader cryptocurrency ecosystem.
SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments it received from initial coin offering (ICO) issuers it rated and published on its platform.
With this tremendous growth and the widespread availability of crypto technology, STOs may soon be a viable way for most companies to raise revenue. However, some aspects of the STO bear a bit of explaining beforehand.
SEC, for the first time ever, approved a $28 million Reg A+ offering for decentralized Internet company Blockstack. The company will begin selling the SEC-approved tokens, essentially an investment vehicle for fundraising, as of today.
Crypto loans firm Nexo said they will accept the Gram ICO token from Telegram as collateral allowing customers to use the tokens as backing for its instant credit lines and planned credit card.
Security Token Offerings were believed by many to be supposed messiah for the Crypto space and the harbinger of adoption in traditional finance outlets. They were the next revolutionary step in Blockchain-based fundraising, and who could blame them?
Telegram’s unreleased Gram tokens are set for sale to the public at a price three times of its private placement. Still, the source from Telegram says they’ve never heard of Gram Asia.