Cryptocurrency News & ICO Alerts
Cryptocurrency News Blog – ICO News Feed
SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023Bitcoin News - 23 March 2023, 8:30 pm
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, […]Read More
Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday's $1.2B options expiryCointelegraph.com News - 23 March 2023, 8:00 pm
BTC price dropped as the Fed rolled out a 0.25% rate hike, but improving housing market data and Bitcoin options data suggests that bulls are ready for this week’s expiry. Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis.Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April 2020 and April 2022, and some have used the information to profit from the $1.2 billion in BTC options that are set to expire on March 24. Resilient inflation and improving housing marketsAccording to the…Read More
FTX debtors agree to $95M sale of stake in Mysten LabsCointelegraph.com News - 23 March 2023, 7:47 pm
The proposed purchase price of the Mysten Labs shares was roughly 95% of the amount FTX Ventures invested as part of a $300-million funding round in September 2022. The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain.In a March 22 filing in United States Bankruptcy Court in the District of Delaware, FTX debtors proposed a deal in which Mysten Labs and the company would agree to a mutual release of claims. As part of the agreement, the debtors planned to sell roughly $95 million worth of preferred stock back to Mysten in addition to $1 million in SUI…Read More
EUR/USD Hits 6-Week High, as Greenback Weakens Following Fed HikeBitcoin News - 23 March 2023, 7:30 pm
EUR/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserve’s 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound. EUR/USD On Thursday, the world’s most traded currency pair rose for a sixth straight session, as markets continued […]Read More
Arbitrum airdrop sells-off at listing, but traders remain bullish on ARBCointelegraph.com News - 23 March 2023, 7:27 pm
ARB sold off upon being listed on exchanges, and some users reported a claim experience laden with tech issues, but the token could follow the trajectory of previous airdrops. The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1.At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33. Only one address successfully sold the token at $10.29 through…Read More
Sygnum sees increased crypto firm inquiries after US banking giants collapseCointelegraph.com News - 23 March 2023, 7:00 pm
The Swiss crypto bank, however, would stick to its policy of not onboarding U.S. clients as they focus on its core target market. Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.Dominic Castley, chief marketing officer at Sygnum, told Cointelegraph in an email that they are receiving more onboarding inquiries from crypto firms based in various jurisdictions looking to bank with them. He explained:“Over the past weeks, as the current banking industry events have unfolded, we have seen a significant increase in onboarding inquiries from various international locations, including a number from…Read More
Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%Bitcoin News - 23 March 2023, 6:30 pm
On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: […]Read More
7 artificial intelligence examples in everyday lifeCointelegraph.com News - 23 March 2023, 6:07 pm
AI impacts everyday life: personal assistants, social media, healthcare, autonomous vehicles, smart homes and more! Artificial intelligence (AI) is becoming increasingly important in our daily lives. AI can automate routine and time-consuming tasks, allowing us to focus on more important activities. In addition, AI algorithms can analyze vast amounts of data to personalize products, services and experiences. Moreover, AI is driving innovation in various industries, such as finance, retail and education.Here are seven artificial intelligence examples in everyday life.Personal AssistantsAI-powered personal assistants, such as Siri, Google Assistant and Amazon Alexa, are integrated into smartphones, smart speakers and other devices and can perform a wide range of tasks, from setting reminders and sending messages to playing music and controlling smart home…Read More
Bitcoin erases Fed losses as traders eye $40K BTC price targetCointelegraph.com News - 23 March 2023, 5:26 pm
BTC price snaps back into its uptrend after Bitcoin market nerves over U.S. economic policy fade in line with stocks and gold. Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin shrugs off Coinbase, Do Kwon arrestData from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp.The pair kept the volatility coming as the dust settled on the prior day’s interest rate decision and associated commentary from the Federal Reserve.Despite Fed Chair Jerome Powell giving mixed signals over how and if rate hikes would continue, crypto market commentators…Read More
Ukrainian Startup Promin Aerospace to Send Historical NFTs Into SpaceBitcoin News - 23 March 2023, 5:00 pm
Promin Aerospace is a Ukrainian rocketry startup with backing from Google among others. The company is working with the Meta History Museum to launch into space a collection of artworks about the war with Russia in the form of NFTs (non-fungible tokens). The team recently joined the Bitcoin.com News Podcast to talk about the historical […]Read More
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior MinisterBitcoin News - 23 March 2023, 4:30 pm
According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect. *Editor’s Note: This article was edited with an extra paragraph at 2 p.m. (ET) to […]Read More
Biggest Movers: DOGE Rebounds, LTC Climbs 13% HigherBitcoin News - 23 March 2023, 3:05 pm
Litecoin was one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. This came despite the global crypto market cap shifting lower, down 1.65% as of writing. Dogecoin was also higher, as the meme coin rebounded from Wednesday’s losses. Litecoin (LTC) Litecoin (LTC) has been one of Thursday’s biggest […]Read More
|#||Name||Price||Changes 24h||Market CAP||Volume||Supply|
Cryptocurrency News: An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds.
Interested investors can buy into the offering and receive a new cryptocurrency token issued by the company. This token may have some utility in using the product or service the company is offering, or it may just represent a stake in the company or project (Cryptocurrency News).
How an Initial Coin Offering (ICO) Works
When a cryptocurrency startup wants to raise money through ICO, it usually creates a whitepaper which outlines what the project is about, the need the project will fulfill upon completion, how much money is needed, how many of the virtual tokens the founders will keep, what type of money will be accepted, and how long the ICO campaign will run for.
During the ICO campaign, enthusiasts and supporters of the project buy some of the project’s tokens with fiat or digital currency. These coins are referred to the buyers as tokens and are similar to shares of a company sold to investors during an IPO (Cryptocurrency News).
If the money raised does not meet the minimum funds required by the firm, the money may be returned to the backers; at this point, the ICO would be deemed unsuccessful. If the funding requirements are met within the specified timeframe, the money raised is used to pursue the goals of the project.
Although ICOs aren’t regulated, the Securities and Exchange Commission (SEC) can intervene. For example, the maker of Telegram raised $1.7 billion in an ICO in 2018 and 2019, but the SEC filed an emergency action and obtained a temporary restraining order due to alleged illegal activity on the part of the development team.1 In March 2020, the U.S. District Court for the Southern District of New York issued a preliminary injunction, and Telegram had to return $1.2 billion to investors and pay a civil penalty of $18.5 million. Cryptocurrency News Blog
Special Considerations (Cryptocurrency News Blog)
Investors looking to buy into ICOs should first familiarize themselves with the cryptocurrency space more broadly. In the case of most ICOs, investors must purchase tokens with pre-existing cryptocurrencies. This means that an ICO investor will need to already have a cryptocurrency wallet set up for a currency like bitcoin or ethereum, as well as having a wallet capable of holding whichever token or currency they want to purchase.
How does one go about finding ICOs in which to participate? There is no recipe for staying abreast of the latest ICOs. The best thing that an interested investor can do is read up about new projects online. ICOs generate a substantial amount of hype, and there are numerous places online in which investors gather to discuss new opportunities. There are dedicated cryptocurrency news sites that aggregate ICOs, allowing investors to discover new ICOs and compare different offerings against one another.
Initial Coin Offering (ICO) vs. Initial Public Offering (IPO)
For traditional companies, there are a few ways of going about raising the funds necessary for development and expansion. A company can start small and grow as its profits allow, remaining beholden only to company owners. However, this also means they may have to wait a long time for funds to build up. Alternately, companies can look to outside investors for early support, providing them a quick influx of cash—but typically coming with the trade-off of giving away a portion of ownership stake. Another method is to go public, earning funds from individual investors by selling shares through an IPO.
While IPOs deal purely with investors, ICOs may deal with supporters that are keen to invest in a new project, much like a crowdfunding event. But ICOs differ from crowdfunding in that the backers of ICOs are motivated by a prospective return on their investments while the funds raised in crowdfunding campaigns are basically donations. For these reasons, ICOs are referred to as “crowd sales.”
ICOs also retain at least two important structural differences from IPOs. First, ICOs are largely unregulated, meaning that government organizations like the Securities and Exchange Commission (SEC) do not oversee them.3 Secondly, due to their decentralization and lack of regulation, ICOs are much freer in terms of structure than IPOs.
ICOs can be structured in a variety of ways. In some cases, a company sets a specific goal or limit for its funding, which means that each token sold in the ICO has a pre-set price and that the total token supply is static. In other cases, there is a static supply of ICO tokens but a dynamic funding goal—this means that the distribution of tokens to investors will be dependent upon the funds received (i.e., the more total funds received in the ICO, the higher the overall token price).
Still, others have a dynamic token supply which is determined according to the amount of funding received. In these cases, the price of a token is static, but there is no limit to the number of total tokens (save for parameters like ICO length).