SEC Charges Adult Entertainment Token Platform with 2017 ICO Fraud

The U.S. Securities Exchange Commission charged Jonathan Lucas, 27, the CEO of online adult entertainment marketplace, with running a fraudulent initial coin offering (ICO) scheme. According to the SEC’s lawsuit, the company claimed that investors could purchase its token and use them to request certain actions in a live adult performance on the platform. “Fantasy […]

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How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year. CEL tokens […]

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Playkey ICO Raises $10.5 Million for Cloud-Powered Gaming

The best video games require ever-more powerful computers to run them, but it may no longer be necessary for gamers themselves to keep buying ever-more expensive gear. Playkey, based in Russia, has built a network of servers that allow machines to offload much of the computing to the cloud, so slower machines can run high-quality […]

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