CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund May be Securities

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately …

PBoC Deputy Governor Warns Against STOs in China

Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business …

Congressman Finalizing Bill to Exempt ICOs from Securities Laws

Republican Congressman Warren Davidson, an avowed bitcoin adn blockchain fan, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings more …

Renowned Israeli Crypto Entrepreneur Moshe Hogeg Accused of Misusing ICO Funds

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. One of Israel’s leading entrepreneurs in the cryptocurrency field, Moshe Hogeg, is facing accusations of embezzling funds raised from two Initial Coin Offerings consequently rendering the company for which the funds …

Telegram’s $1.7 Billion Cryptocurrency is 70% Complete: Report

Twitter Facebook LinkedIn An investor update from September pegged completion of the Telegram Open Network — the social media giant’s long-anticipated cryptocurrency project — at 70 percent. Perhaps the most notable element of the report, which was leaked on LinkedIn and had not previously been publicly available, is that the virtual machine (similar in nature …

Singapore Exchange Reveals Expectations For Listed Companies Conducting ICOs

Twitter Facebook LinkedIn The Singapore Exchange has published list of its expectations of listed companies that intend to raise funds using digital token sales. In a post published on its official website on November 15, the exchange revealed that while it is not interested in passing judgement on the commercial benefits of investment value of …

SEC Takes Down Two Crypto Startups for Illegal ICOs

Twitter Facebook LinkedIn Dutiful CCN readers may recall this journalist’s questioning of the Paragon ICO over a year ago. Paragon responded to that article with legal threats, as noted in the author’s subsequent analysis of the initial coin offering in question. Now that some time has gone by, and the whole market capitalization of Paragon …

Crypto Exchange OKEx Delists Over 30 Trading Pairs for Weak Volume

OKEx, the second largest crypto exchange by volume, has announced the delisting of more than 30 trading pairs including Ripio/ETH and Monetha/BTC. The exchange cited weak trading volume as the justification for the ejections. The delistings will not take effect until the 31st. Listing and delisting is a common practice among cryptocurrency exchanges, and, depending …

Swiss Bank Helps Clients Participate in ICOs

Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and …