What Is An ICO (Initial Coin Offering)?

An initial coin offering – or “ICO” – is a new fundraising method unique to the crypto industry. It is a digital asset-based variant of Initial Public Offerings, or “IPOs”. However, the company rewards investors with a unique cryptocurrency or token rather than raising funds through publicly selling shares. This article will explain how ICOs work and address some pros and cons of the funding model. It will also cover how one starts his own ICO project while examining past…

US SEC Received $1.2B Fines from Illegal ICOs in 2020

The U.S Securities and Exchange Commission (SEC) has revealed that it received over $1.2 billion in fines from Illegal ICOs. This figure was part of the $4.86 billion generated by the financial watchdog from illegal fines and incomes in 2020. The information was revealed in the SEC annual report for the current fiscal year and published in November. The SEC report also included a broad overview of the agency’s actions and included eight ICO judgments received in 2020. The securities…