ICO Market Update: 19 June – 21 Aug 2017

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SALT, the first membership unit-centric loan network to allow customers to secure cash loans in blockchain-asset collateral-based agreements, began a discounted membership sale on August 15th. Originally setting out with a soft-cap fundraising goal of $35m and hard-cap of $48.5m, the SALT offering has almost completely sold out through the $7.5 SALT membership token tier 12:00 pm PDT. The discounted … Read More

Argon Group: CoinTelegraph

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ICO Regulations: Lack of Concern Could Lead to SEC Exchange Fines ….“I’m sad to say that I think we will see one or more exchanges get hit by a fairly significant S.E.C. enforcement,” Emma Channing, general counsel at Argon Group told the publication.” Argon is specifically geared to help ICO startups raise capital, and with significant exposure to any regulatory … Read More

Argon Group: New York Times

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Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows ….Even after the commission said it was looking closely at projects that may violate its rules, programmers are still embarking on new offerings at a torrid pace. Most of the offerings have little legal oversight and some appear to conflict with the commission’s basic advice…. Read more

Argon Group: Bloomberg

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ICO Risks and Wells Fargo Mistakes “The broader detail and the silences in the report should give many people pause and that doesn’t seem to have happened yet,” said Emma Channing, the general counsel at the Argon Group, which helps projects in the industry raise funds. “I don’t understand why everyone isn’t as concerned as I am.” Read more

ARGON IN THE NEWS

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Emma Channing on The SEC & Token Securities As part of our ongoing regulatory leadership, our General Counsel Emma Channing worked closely with Coindesk on today’s article “Tokens Can Be Securities? Even ICO Advisors Agree with the SEC”  Commenting on the SEC’s recent report on the DAO “She told CoinDesk: “They are in the enforcement business. This is a very … Read More

ICO LAUNCH: WALL STREET JOURNAL

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Science Blockchain ICO Launch We’re excited to announce the launch of the Science Blockchain ICO. This is the first Incubator ICO to enter the market and Argon Group will be advising on the ICO. The sale will be held at science.tokenhub.com ……………….. Startup incubator Science, which invested in companies such as Dollar Shave Club, is launching a bitcoin-related incubation program. … Read More

Blockchain Capital Releases Q2 2017 BCAP Token NAV

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San Francisco — July 5, 2017— Blockchain Capital, the premier venture capital firm investing in blockchain technology companies, today announces that the NAV of each BCAP token as of June 30, 2017, is $1.03, based on the NAV of the underlying VC fund, Blockchain Capital III Digital Liquid Venture Fund, LP. The portfolio includes the following investments: Bancor Network / … Read More

ICO MARKET UPDATE :: 19 June 2017

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Argon is advising on one of the mostly hotly anticipated token sales, Civic, which is starting its crowdsale on June 21 at 9am EDT after an extremely successful pre-sale. Civic’s pre-sale saw overwhelming demand from both traditional and crypto investors, and after significant cut back the pre-sale participants were allocated c.$33m. The crowdsale has c.$11m of reserved for it, and … Read More

ICO MARKET UPDATE :: 30 May 2017

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Amongst many exciting announcements during the conference week in New York (including a Token Summit panel appearance by our General Counsel), a great deal of interest was raised by Civic’s pre-announcement of its upcoming CVC token sale at the Consensus conference, followed by a more detailed presentation at Token Summit. Civic has existing venture capital backing and already has a … Read More

ICO MARKET UPDATE :: 9 May 2017

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Storj, a decentralized cloud storage platform, has announced the terms of its upcoming token sale. The company is aiming to raise $30m, which would make its token sale the second largest crowdsale ever after the DAO. Storj has already received pre-commitments for c.$10m out of the $30m cap, and expects the token sale to sell out reasonably quickly. Unlike most … Read More