Ghostface Killah will run the ICO

Famous rapper from Wu Tang Clan founded the Cream Capital start-up and is going to rise $30M during crowdsale
05 October 2017   1883

Famous Wu-Tang Clan member and American rapper Ghostface Killa co-founded the crypto-cash company Cream Capital, which intends to raise $ 30 million in the upcoming ICO. This is reported by CNBC.

According to the CEO of the new company, Brett Westbrook, the name Cream Capital was chosen not by chance. It is a direct reference to the hit Wu-Tang Clan "C.R.E.A.M.", which means "Cash Rules Everything Around Me"

Although in this sense it stands for Crypto Rules Everything Around Me of which we have been granted a trademark by the USPTO (United States Patent and Trademark Office). I personally think that anything that puts cryptocurrencies in front of the eyes of everyday people is a great thing for the markets overall. On the other hand, I believe it's important that celebrities know the importance of their endorsements and understand the underlying principles of blockchain technology.

Brett Westbrook
CEO, Cream Capital

Cream Capital is created to support, promote and finance cryptocurrency start-ups. Cream Dividend tokens released on the basis of Ethereum will be distributed via ICO, which is scheduled to start in November.

Also, according to the company, thanks to integration into debit cards, project tokens can be spent in any store. Moreover, the company said that by 2020 it plans to take "more than half of the global market for crypto cash machines."

California Court to Issue a Temporary Ban on Blockvest

SEC had found a lot of violations, including the "approval" of non-existed "Blockchain Exchange Commission"
15 February 2019   123

The Southern District of California Court, represented by Judge Gonzalo Kuriel, issued a preliminary ban against BlockOw ICO-startup Blockvest LLC and its founder Reginald Buddy Ringold (Rasul Abdul Rahim El), citing violations of securities laws in the past and possible violations in the future.

SEC Info
SEC Info

Court ruled that the BLV tokenail violated the norms of section 17 of the Securities Act of 1933, and recognized tokens as unregistered securities.

November last year, Judge Gonzalo Curiel refused to recognize the Blockvest project token as a security, because the SEC could not prove otherwise.