SimplyVital Health, a company that held an Initial Coin Offering (ICO) in 2017 and was able to get $6.3 million USD worth of Ethereum (ETH), was recently charged by the U. S. Securities and Exchange Commission (SEC). During the sale, the company was able to raise the money by selling Health Nexus (HLTH) tokens. These […]
Category: STO News
Salaries Can Now be Paid with Cryptocurrencies in New Zealand
New Zealand’s tax office recently published an updated ruling to its Income Tax Act. For the first time in the country’s history, salaries can be paid in something other than the country’s native fiat currency— cryptocurrency. How Salaries Can Now be Paid with Cryptocurrencies in New Zealand Up until a short time ago, New Zealand […]
Samsung Adds Bitcoin Support To Its Blockchain KeyStore
Samsung’s private key wallet, the Blockchain KeyStore, initially launched with support for Ether and other ERC-20 tokens. Now, the wallet will support bitcoin, though such support will be limited to Samsung‘s S10 and Note10 devices and be only available in Canada, Germany, South Korea, Spain, Switzerland, the US, and the UK.
Former Visa Executive: “There’s Huge Potential in STOs”
In a recent interview, former Visa executive Roel Wolfert discussed his thoughts on the security token industry. Wolfert remains convinced of the significant potential anticipated for security tokens, but not before a few necessary developments fall into place. How Security Tokens Have Huge Potential, but Need Further Development Security tokens have been around since 2017. […]
SEC Freezes $8 Million in Assets from Allegedly Fraudulent VERI Token ICO
On August 12th 2019, the U.S. Securities and Exchange Commission (SEC) was granted a court order to temporarily freeze $8 million worth of assets related to Veritaseum and the VERI token offering. The SEC says the company, along with its operator Reginald “Reggie” Middleton, fraudulently offered and sold up to $14.8 million worth of digital […]
Former Visa Exec Speaks on the Future of Security Tokens
Roel Wolfert spoke to Finance Magnates about the security token space and the responsibility of the entrepreneurs within it.
Stephen McKeon Details the ‘Eight Key Features’ that will Accelerate Security Token Adoption
Stephen McKeon is an Associate Professor of Finance at the University of Oregon, a partner at Collaborative Fund, and author of critically acclaimed whitepaper, the Security Token Thesis. In a recent podcast with the Security Token Academy, McKeon outlined eight features which he says will facilitate the adoption of security tokens. How Security Tokens Will […]
Planned Sell-Off Causes XRP Prices To Crash By 40% On Beaxy Exchange
The crypto market is prone to manipulation. If you don’t believe it, you can just check the many examples that can be easily found. The latest one was a coordinated sell-off of Ripple’s XRP tokens on the Beaxy Exchange. This new crypto exchange platform was just launched, but it had to suspend its activities for […]
Patientory (PTOY), The Crypto Worth Less Than A Cent, Can Be Very Profitable In The Future
Many cryptos are all about a promise. Patientory is one of them. The crypto, which was created for a health app, is worth only a cent per PTOY token, but some of its executives believe that the project may be worth millions in the day. Chrissa McFarlane, the CEO of the company, was recently interviewed […]
Securities And Exchange Commission To Probe ICO Scam, Veritaseum, Once Valued At $950 Million
The U.S Securities Exchange Commission (SEC) filed a complaint against Veritaseum founder, Reginald Middleton, for defrauding investors during the ICO launch of VERI tokens in April to May 2017. In a post released by research firm, Hindenburg Research, the commission will further charge two companies – New York registered, Veritaseum Inc. and Delaware registered, Veritaseum […]
