Tokenized Neobank About to Complete Successful Crowdsale

Hush, a promising cryptocurrency project, has held a successful pre-sale, and now gives users another chance to invest in their financial independence 
16 May 2018   763

As well as our devoted readers, we constantly keep track of the most promising projects that emerge on cryptocurrency market. Let us remind you of an exceptionally interesting platform which was previously covered in our Top ICO rating. Hush is developing a regulated, participative and tokenized neobank that offers users simplified services for placing and using the money in currencies or cryptocurrencies. 

If you are thinking about investing in Hush project, which may help you assure the longlasting financial independence, there are only 4 days left until the end of Hush Initial Coin Offering.

Hush blockchain bankHush

The aim of Hush is to federate an active community of users, offering them a regulated model in order to develop a daily utilization of crypto-currencies and euro, and opening new perspectives to the inexperienced users about the crypto-currencies sector as well as enjoying an innovating mobile bank service using fiat. Moreover, Hush has already launched the community platform for USH token holders, and it is also deposing the banking licence file.

This ambitious project developed by a team with a double focus on bank regulation and cryptocurrencies had a very successful Pre-sale where they managed to achieve their goals and raised 540 000 €, or 245 ETH, which is an impressive result! The ICO of Hush ends on May 20, and you still have time to invest!

Manage your money, fulfill your projects, enjoy your life, don't forget to think about tomorrow, and push back your limits with Hush. We wish the project good luck, and we will surely update our readers on the upcoming news regarding Hush neobank. 

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3 ICOs of Extrabit banned by Alabama Securities Watchdog

Alabama Securities Commission (ASC) has ordered alleged cryptocurrency mining firm Extrabit to stop its token sale offering in the state
25 May 2018   97

The U.S. state's securities regulator, the Alabama Securities Commission (ASC), has supported its colleagues in Texas and New Jersey in hitting out at ICOs that are soliciting local citizens. The cease-and-desist order which was published yesterday  claimed that the agency has ordered purported cryptocurrency mining firm Extrabit to cease its token sale offering in the state.

The ASC declared the company has been illegally begging Alabama investors with what it considers an unregistered securities offering after it announced its token sale on the website of WSFA, an NBC-affiliated TV station recognized in the state capital, Montgomery. While presently the online advertisement appears to have been taken down, the agency said in the order that the firm originally claimed that investors in the pre-ICO phase could buy Extrabit's token "EXB" at half price.

The advertisement claimed that in order to take part in the pre-sale, the user should invest $20,000 and after the purchase, the tokens will be sent to MyEtherWallet within 48 hours. Then, Extrabit's white paper states that, since the firm generates its profits chiefly from mining bitcoin, zcash and monero, it pledges a 185 percent return on investment every quarter for investors who maintain a positive balance in their EXB wallet.

As well as offering unbooked securities, the ASC said the project made "materially misleading" suggestions to deceive investors. Extrabit is not the only token project that is targeting residents in Alabama. A Google search for "token sale" on the WSFA website currently comes up with over 200 press release-style ads from various ICO projects. 

The ASC has also checked two other token sale projects, called LEV and Platinum, with cease-and-desist orders entered on May 2 and May 18. Like with Extrabit, the agency charged the two projects of selling unregistered securities in Alabama while making vaporous promises to potential investors over the likely returns on investment.