There are some exciting things going on in the crypto start-up space. With cryptocurrencies like Bitcoin gaining traction around the world, and with blockchains like Ethereum gaining greater usage, start-up founders are seeing new opportunities to innovate.Read more
Filecoin’s mainnet launch has long been highly anticipated, with a plethora of retail and venture capital pouring into the cryptocurrency’s 2017 initial coin offering, which raised over $205 million.Read more
Those that were around in 2017 and 2018 likely remember the name Filecoin. Launched in late 2017, the protocol was branded as a payment system that would use blockchain technology to store and retrieve data.
As esoteric as it may sound, the concept gained much traction in the crypto-asset space.
The SEC has sued John McAfee, stating that the celebrity earned money by promoting crypto ICOs dishonestly.
McAfee allegedly earned more than $23 million by doing so.
The regulator aims to reduce McAfee’s role in the crypto industry and collect various fines and penalties.
A district judge in New York has ruled that Kin’s ICO was an unregistered security offering.
The outcome favors the SEC and could lead Kin to settle with the regulator when the case concludes.
However, Kin plans to continue fighting the lawsuit.