ICO (Initial Coin Offering)

The Dark Side of Celebrity Memecoin Promotions

Thursday. August 15 at 9:30 PM

1 min. read

Celebrity memecoin promoter Sahil Arora reportedly earned around $3 million this year by launching various celebrity memecoins, as revealed by blockchain investigator ZachXBT. Contrary to initial claims by Bubblemaps, which estimated Arora's earnings at $30 million, ZachXBT pointed out discrepancies in the data. Bubblemaps mistakenly identified a wallet address on Poloniex as Arora's personal wallet, leading to an inflated total. Arora has faced allegations of orchestrating social engineering scams and other fraudulent activities from several individuals, including celebrities like Iggy Azalea, Caitlyn Jenner, and Rich the Kid. Acting as a middleman, Arora allegedly launched tokens for celebrities without their consent, persuaded them to promote the tokens on social media, and then sold off his holdings, causing the token's value to plummet. Despite being banned from X, Arora continues to operate through multiple accounts, promoting new projects and facing accusations of fraud from celebrities like Offset.

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SEC Wins Case Against Rivetz Corp Over ICO

Tuesday. October 1 at 12:30 PM

The US Securities and Exchange Commission achieved another victory in a case against Rivetz Corp and its CEO, Steven Sprague, regarding an ICO. In a recent ruling, a Massachusetts federal court judge agreed with the SEC's claim that Rivetz sold unregistered securities through its RvT token offering to US investors. Despite Sprague's argument that the token was a software product, the judge found that statements made by Rivetz tied the token's value to the creation of a security ecosystem. The court determined that the token's worth was linked to Rivetz's efforts, meeting the criteria of an investment contract under the Howey test. The SEC was directed to propose injunctive and monetary relief by a specified date. This ruling follows a similar case where the SEC prevailed against Opporty International for selling unregistered securities through an ICO.

ICO (Initial Coin Offering)

Dismissal of Class-Action Lawsuit Against Bitcoin Miner Iris Energy

Tuesday. October 1 at 7:30 AM

A class-action lawsuit against Bitcoin miner Iris Energy has been dismissed by a US District Court judge. The investors alleged that the mining firm concealed risks and misled them during its 2021 initial public offering. However, the judge ruled that there was no evidence of falsified statements or intentional deception by Iris Energy. The lawsuit accused Iris Energy, its executives, and underwriters like J.P. Morgan and Citigroup Global Markets of violating securities laws. Despite claims of inaccuracies in IPO documents and financial disclosures, the court found no proof of intentional misleading. Iris Energy went public in November 2021 but faced a significant share price drop amid a crypto market downturn. The dismissal statement highlighted that the plaintiffs were trying to recover losses from the overall decline in Bitcoin's value. Additionally, the company faced criticism from short-selling firm Culper Research for allegedly being overvalued and underinvested in high-performance computing.

ICO (Initial Coin Offering)

Exploring the Rise of Pepe Unchained in the Meme Coin Market

Friday. September 27 at 9:30 AM

The meme coin market has always been a popular choice for investors intrigued by unique projects that have led to numerous success stories. With a market cap of $48 billion, a 12% increase in the past week, Pepe Coin stands out as a lucrative option for profit-seeking investors. The recent 10% surge in PEPE presents a promising opportunity amidst the current market bull run. However, experts are skeptical about 100x returns, suggesting that the new Pepe Unchained ($PEPU) may outshine its predecessor upon its official listing. Pepe Unchained introduces its own blockchain, the 'Pepe Chain,' offering significant technological advancements like enhanced scalability, faster transaction speeds, and a more efficient PoS system. The project's successful presale phase, with over $15.3 million raised, indicates strong investor interest. With innovative features like 'Pepe Frens With Benefits' and a dedicated block explorer, Pepe Unchained is gaining traction in the meme coin market.

ICO (Initial Coin Offering)

Shifting Focus: Dogecoin Investors Eye ETFSwap for Profits

Tuesday. September 24 at 9:30 AM

As Dogecoin (DOGE) investors face losses, many are turning to ETFSwap (ETFS) for potential gains. ETFSwap, a rising Shiba Inu competitor, is attracting attention with its growth prospects. Investors are seeking better returns and see ETFSwap as a profitable alternative to Dogecoin. The platform's presale success has boosted investor confidence in its potential for high returns. ETFSwap offers a secure environment for trading and investing in tokenized ETFs. With a presale discount of over 50%, investors can buy tokens at $0.03846 before the market launch. ETFSwap's legitimacy is reinforced by KYC verification from SolidProof. As Dogecoin struggles, ETFSwap gains momentum and aims to outperform, attracting investors with the promise of superior returns. Staking options allow investors to earn passive income, further enticing Dogecoin investors to switch to ETFSwap for potential gains. Despite Dogecoin's recent decline, ETFSwap emerges as a promising alternative for investors seeking profitable opportunities.

ICO (Initial Coin Offering)