It may come as no surprise to hear that venture capitalists are skeptical about investing in initial coin offerings (#ICOs). Indeed, all four panelists on “Where and How to Invest in #Fintech Now,” at Bank Innovation 2018 in San Francisco, unanimously dismissed investing in ICOs. ICOs are rapidly falling in popularity. This fall could, partially, […]
Bank Innovation
EXCLUSIVE–The potential use cases of #blockchain #technology in banking continue to captivate bankers, but topics like #cryptocurrency and Initial Coin Offerings, or #ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco. Speakers on the panel, …Read More
Bank Innovation
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: #ICOs are #already redefining how businesses in certain markets operate, Taynaah Reis, CEO for cooperative banking system company #Moeda, told Bank Innovation. Moeda conducted an ICO in August 2017, raising $ 20 million for its #blockchain banking platform. The company has offices […]
Bank Innovation
Following in China’s footsteps, #South #Korea has banned all #ICOs. In an announcement released today, South Korea’s Financial Service Commission stated that tighter control over cryptocurrencies is necessary, as ICOs are increasing the risk of financial scams. It also announced that businesses issuing ICOs will face “stern penalties.” Exactly what these “stern penalties” will entail […]
Bank Innovation
#Malaysia’s #Securities #Commission joins the band of regulatory bodies cautioning people about the dangers of Initial Coin Offering schemes. On Thursday, the regulatory authority that oversees and enforces financial regulation in Malaysia stated: #Investors should also fully understand the features of an ICO scheme, and carefully weigh the risks before parting with their monies. For […]
Bank Innovation
#Another company is jumping into facilitating #ICOs. #Blackmoon Financial Group, which current operates a marketplace lending platform, today launched a service for making Initial Coin Offerings, or ICOs. The new ICO platform, called the Blackmoon Crypto Platform, allows investors to trade and invest in “tokenized vehicles” by using the platform’s issued tokens on the Ethereum […]
Bank Innovation
Now that the Securities and Exchange Commission (SEC) has established that it will keep an eye on #ICOs, the question remains: will other regulatory bodies follow? Early last week, the SEC released a report iterating that the DAO violated the law for failing to register its cryptotokens as securities. The SEC’s statement is its first […]
Bank Innovation
For a variety of companies, from ticket vendors to energy consulting, digital tokens are increasingly becoming a popular way to raise funds. #This is evident in the ballooning number of Initial Coin Offerings, or #ICOs, open right now. Aside from providing a more secure method of funding, having an ICO means appealing to a broader […]
Bank Innovation
Traditional venture capital is so passé. #Blockchain #investors are more interested in #ICOs, or initial coin offerings, than traditional investment models, according to data from the Coindesk first quarter 2017 State of the Blockchain Report released this week. In the first quarter, money raised for blockchain projects via ICOs accounted for a third of the […]
Bank Innovation
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