ICOs

  • Japanese startup plans one-stop ICO platform fueled by VC investment and an ICO

    Japanese startup plans one-stop ICO platform fueled by VC investment and an ICO

    China banned ICOs this week and it is investigating platforms that facilitate them. Over in nearby Japan, one company is hatching an ambitious plan to offer a one-stop-service to let companies across the world take advantage of blockchain technology and IPOs. And all without violating financial regulations. Tech Bureau currently helps companies with consultancy and a range of… Read More

  • ICO funding hit a record $800 million in Q2 2017

    ICO funding hit a record $800 million in Q2 2017

    If a ban initiated by China’s central bank this week marks an end to the first era of ICOs — the early gold rush before the regulators arrive — then Q2 2017 may turn out to be a peak quarter in the history of the industry. The total amount raised by startups via ICOs, which are known as token sales and involve the sale of newly minted crypto coins based on… Read More

  • Cryptocurrencies have already recovered from last weekend’s crash

    Cryptocurrencies have already recovered from last weekend’s crash

    When cryptocurrency markets crashed 20% a few days ago, I wrote “the next day or so will tell us if this was a temporary bump in the road or the start of the next major correction.” Well here we are, a day or so later. And the temporary crash seems to have just been a bump in the road. The entire market cap of cryptocurrencies is up 16% from a low of $135B yesterday to $162B… Read More

  • Hong Kong regulator ‘concerned’ by ICO funding boom

    Hong Kong regulator ‘concerned’ by ICO funding boom

    One day after China’s decision to ban ICOs pending an investigation, Hong Kong — the country that is a special administrative region of China — has voiced concern at the growth of ICO fundraising. ICOs, which involve the sale of newly issued crypto coins to raise money, are said to have brought in $1.6 billion in funding for companies so far this year, according to… Read More

  • China has banned ICOs

    China has banned ICOs

    It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known as token sales, but the Chinese government looks set to beat it to implementing regulation around the rapidly growing fundraising option. A notice from a committee led by China’s central bank [link in Chinese] today… Read More

  • Equity podcast: The Uber saga, delayed IPOs and just what is an ICO?

    Equity podcast: The Uber saga, delayed IPOs and just what is an ICO?

    Hello and welcome back to Equity, a social experiment regarding how many acronyms an audience can endure before passing out. Each week we dive into the world of venture capital, looking to understand exactly what’s going on behind the money. This week Katie Roof, Matthew Lynley, and myself — Alex! — were joined by Samuel Angus, a partner on the corporate team of Fenwick and… Read More

  • The first ICO unicorns are here

    The first ICO unicorns are here

    It was always likely to happen, but the speed in which the first ICOs worth more than $1 billion have arrived is surprising. Today both OmiseGO (OMG) and Qtum passed a $1 billion market cap today, according to coinmarketcap.com, a site that  tracks the value of crypto tokens. In doing so, they became the first ERC20 tokens — subtokens that are built on the Ethereum network and sold… Read More

  • Singapore, like the US, says it may regulate some ICOs

    Singapore, like the US, says it may regulate some ICOs

    Less than a week after the SEC said that it may regulate certain crypto token sales, better known as ICOs, Singapore has followed suit to say it too will regulate offerings that are deemed to be securities. Already a global financial hub, Singapore has developed into a destination of sorts for ICOs, with the likes of TenX ($80 million), Golem ($8.6 million) and Qtum ($15.6 million) among those… Read More

  • Fintech startup Omise raises $25M in ICO that bucks ‘money grabbing’ trend

    Fintech startup Omise raises $25M in ICO that bucks ‘money grabbing’ trend

    By now you’ve probably heard of ICOs. The alternative fundraising option has been used to raise more than $500 million in funding this year alone, but it has gotten a reputation for unfinished products and untested teams raising gargantuan sums. One company may have just shown that there is a responsible way to handle an ICO. Omise, a fintech startup based in Thailand, has closed $25… Read More

  • Equity podcast: Sexual harassment takes down Binary Capital and Blue Apron’s lackluster IPO

    Equity podcast: Sexual harassment takes down Binary Capital and Blue Apron’s lackluster IPO

    Hello and welcome back to Equity, TechCrunch’s recurring venture capital-focused podcast that, against odds laid by its arcane subject matter, is still on the air. (Thanks!) This week was a corker. To help out our regular contingent Matthew Lynley, Katie Roof and myself — Alex Wilhelm — Charles Moldow, a general partner at Foundation Capital swung by the studio. And help… Read More