South Korea's Shinil Group claims to have found a sunken treasure, which has $130 Bn in Gold. The company plans to launch an ICO token backed by this gold.
Switzerland is working towards relaxing cryptocurrency and ICO-related laws to attract more crypto/blockchain firms as well as ICOs to the country.
Despite a slowdown in the cryptocurrency markets, investors continue to invest in Initial Coin Offerings (ICOs) as billions of dollars flow in ICO investments.
The issue is Quantstamp’s acceptance of U.S dollars and Ether instead of its token QSP which was used to raise around $30 million in ICO last November.
Lithuania’s Ministry of Finance announced detailed guidelines around cryptocurrencies and ICOs - which deal with regulation, taxation, accounting and AML laws.
The company froze the stolen tokens and put trading on a halt to help out with the investigation.
South Korea continues to move forward towards re-legalizing ICOs in the nation and bringing them under government regulations as a legislation is being drafted.
Over a Billion dollars have been lost in ICO scams - and 271 scammy coins have been identified, a report from the Wall Street Journal points out.
The SEC is now taking to some unique ways to promote user awareness - going as far as creating a fake ICO website, HoweyCoin!
Binance CEO Changpeng Zhao recently stated in a blog post: "raising money through ICOs is about 100 times easier than through traditional VCs, if not more."
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