Katherine Nguyen, an Australian has admitted her guilt of being complacent in stealing thousands of XRP tokens. The attack was carried out in January 2019 and a total of 100,000 XRP was stolen worth about $450,000. Katherine is now looking at jail time. This was the first fraud of its type in Australia. She hijacked […]
Category: STO News
SEC Charges ICO Rating Service for Failing to Disclose Paid Advertisements
Russian-based ICO Rating has been forced to pay $268,998 for failing to disclose that it received money from token issuers to rate their ICOs. ICO Rating has been asked by the SEC to pay a hefty pain for failing to make clear that the company was getting paid to post reviews. The ICO company promoted […]
BlockState Gains Clarity on STO Taxation Within Switzerland
No Tax. No Vat. BlockState, a Swiss digital securities issuance platform, has recently closed their very own STO. Upon doing so, multiple questions were raised with regard to how capital, brought in during this event, would be taxed. The STO hosted by BlockState represented the first of its kind in the region, making the young […]
Report: European STOs Have a 17% Success Rate
According to a new report by Fintelum, security token offerings in Europe have a 17% success rate. STOs issued in Switzerland have had the most success. A new report regarding European STOs is a mix of good and bad news. The document surveyed that around 17% of STOs in Europe have been successes; 34% are […]
Black Manta Capital Receives BaFin Approval to Launch Security Token Offering Service in Germany
As of August 19th 2019, Black Manta Capital Partners announced that its Berlin-based operating entity— BMCP GmbH— has received regulatory approval to launch a Security Token Offering (STO) service. The approval comes from the German Financial Markets Authority (BaFin), which has approved several STOs so far in 2019. Black Manta Capital to Launch STO Service […]
Ecom Platform FomoHunt Becomes First Merchant to Allow Payments Made With Huobi Tokens
The e-commerce platform FomoHunt was the first merchant to have officially accepted Huobi Tokens (HT). According to a press release, token holders can now buy products from the store, which has products that range from clothes, hardware, art and others. HT tokens are based on the Ethereum blockchain and are similar to Binance Coin (BNB). […]
Prime Trust to Utilize Various Services Provided by Vertalo
On-Chain Cap Table Building off of a relationship first established in 2018, Prime Trust and Vertalo have announced new growth in this partnership. This development will see Prime Trust utilize, and benefit, from services provided by Vertalo, including cap-table management. For a company to be successful, it is of great importance to have a thorough […]
Japanese Crypto Exchange Coincheck May Launch IEO with Intention of Helping Raise Funds for Tokens
Coincheck, a major crypto exchange based in Japan and owned by the Monex Group, is considering the launch of an Initial Exchange Offering (IEO) platform. According to the company, the group is still considering the possibilities, but it was hinted that the launch may actually happen. IEO platforms are getting more popular recently, mostly due […]
Securitize is Now an SEC-Registered Transfer Agent, Will Record Transfers for Free
Securitize recently announced their success in becoming a U.S. Securities and Exchange Commission (SEC) registered transfer agent. The approval enables the firm to legally track the ownership changes of securities, which typically costs around $150 per transfer. Securitize says they’ll do it for free. The Impact of Securitize Becoming an SEC-Registered Transfer Agent Securitize is […]
Kraken To Start Brave Browser’s BAT Token Along with WAVES Coin Trading This Week
Kraken, one of the major cryptocurrency trading platforms in the United States, has announced on its official blog today that the Basic Attention Token (BAT) and Waves (WAVES) would be added to its platform. Trading is set to be started at 13:30 UTC on August 22, at the same time that people will be able […]
