CBOE President to Warn ICO Community

Chris Concannon believes that «the reckoning will come in two waves»
20 June 2018   1455

According to the president of the CBOE Chris Concannon, soon the market of ICO will face new regulatory constraints. This is reported by Business Insider.

Concannon is convinced that at first the Securities and Exchange Commission (SEC) will put ICO tokens under attack. The coins issued during the ICO will be recognized by the SEC as unregistered securities. In turn, this will devalue a significant part of the assets of crypto-investors.

The next stage of the "payoff," the CBOE president is sure, will begin along with a wave of collective suits against ICO projects. Concannon also noted that because of regulatory uncertainty in the market, it is unlikely that ICO-investors in the near future will sleep peacefully.

The actual party that offered the unregistered coin, they could have been involved in issuing an unregistered security. Anyone who sold that off could be deemed an unregistered underwriter.
 

Chris Concannon

President, CBOE

For the first 6 months of the current year ICO-projects attracted more than $ 9 billion. This is more than twice the total amount collected by the ICOs for the whole last year.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   829

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”