One of the top scam projects of 2018. This is how UBEX made their $8 miliion. Be careful with them…
https://shitcoinoffering.com/ubex-ico-machine-will-never-rise/

"Korea Financial Supervisory Board launches investigation on ICOs"

Korea Financial Supervisory Board (금융감독원) is conducting an investigation on local blockchain companies regarding ICOs. The purpose of the investigation is to understand the state of the ICOs, but companies are fearing that this is a sign of regulation.

The board has sent official documents on September 10th to companies that have finished or are preparing an ICO. The document states that "To understand the status of ICOs kindly cooperate by answering the following questions and submit them by September 21st".

Comprised of 52 questions total, the questions include shareholder status, ICO registered country, promotion strategies in Korea etc. Some example questions are

- Major shareholders and organization breakdown (# of employees, departments etc)
- Country and registration number of issuing company
- Detailed mainnet plans
- Amount of ICO allocations given to Korean residents
- Reason for conducting ICO abroad
- Entity responsible for planning marketing/promotion in Korea (contract details if possible)
- Additional tokens or profits from the project distributed yet not stated in the whitepaper

An insider from the board stated that the purpose of this investigation is to "understand the contract details, business plans, whitepaper details of ICOs to establish a set system rather than a form of regulation. Since many ICOs are prepared outside Korea, we are aiming to understand the market and see what kind of system/rule we can adopt in the market"

The recipients of the official document are mainly blockchain companies that have been mentioned in media but if the board finds more they will send additional documents to them as well.

As for the companies they are quite worried about the situation due to the large number of questions and the vast scope of the requirements. The information normally is confidential and seems to be a burden to these blockchain companies.

https://www.coindeskkorea.com/%EB%8B%A8%EB%8F%85-%EA%B8%88%EC%9C%B5%EA%B0%90%EB%8F%85%EC%9B%90-ico-%EC%9D%BC%EC%A0%9C%EC%A1%B0%EC%82%AC-%EC%B0%A9%EC%88%98/

Info from French crypto research group @AzorGroup

Hush ICO Founder disappears....

"The Hush ICO, designed to raise 15 to 20 million euros, largely missed its target. Chaineum and Kramer Levin, who worked on the operation, have not been paid and have no news from the founder, Eric Charpentier.
For his part, Eric Charpentier no longer has a LinkedIn account, Twitter and Facebook."

FR article translated:
https://translate.google.com/translate?hl=en&sl=fr&tl=en&u=https%3A%2F%2Ffrance3-regions.blog.francetvinfo.fr%2Fnumerique-midi-pyrenees%2F2018%2F09%2F11%2Ffintech-que-se-passe-t-il-chez-hush-la-neobanque-du-toulousain-eric-charpentier-ex-morning.html

Website:
https://ico.hush.lu/

Web archive:
https://web.archive.org/web/20180301050122/https://ico.hush.lu/

more info: https://icorating.com/ico/hush/

Telegram group: @hushline

⚠️CRYPTO SCAM⚠️
Website ⤵️
https://i-sphere.biz/index.php/

​​Stablecoins

•Fiat-backed: Fiat-backed stablecoins are collateralized by fiat currency — maintaining a one-to-one ratio with their respective fiat currency. Traditionally, these stablecoins try to maintain a peg to the U.S. dollar.

•Crypto-backed: Crypto-backed stablecoins are collateralized by cryptocurrencies. Instead of maintaining a one-to-one ratio, crypto-backed stablecoins attempt to peg their prices to a fiat currency by maintaining a greatercollateral-to-stablecoin ratio. Collateral could be a single cryptocurrency or a basket of different cryptocurrencies.

•Algorithm-backed: Algorithm-backed stablecoins are not collateralized. These stablecoins attempt to maintain their fiat peg through a monetary policy similar to central banks.

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“I want this to be a high level debate...”

https://m.youtube.com/watch?feature=youtu.be&v=HKM6DlaRpYo

#brawl

Live Stream of @MMCryptoENG starts in a few minutes

https://www.youtube.com/watch?v=beneIp9ZH9Q

📅Calendar of crypto-events
1️⃣7️⃣ September

💥Releases:
Tokenomy (#TEN) – Exchange Launch
Obsidian (#ODN) – Blockchain Launch
ZINC (#ZINC) – UK’s First Blockchain Based Hiring Platform

⚖️Exchange Listing / Delisting:
MaidSafeCoin (#MAID) – Listing on ChainRift
Ontology (#ONT) – Listing on DigiFinex
TRON (#TRX) – New Trading TRX/USD Pair on Bittrex
Dentacoin (#DCN) – Listing on OEX
InvestFeed (#IFT) – Listing on LATOKEN
TrueUSD (#TUSD) – Listing on DigiFinex

💰Coin Supply:
Graft (#GRFT) – Rewards Halving
IOTA (#MIOTA) – Snapshot
SpaceChain (#SPC) – AMA on Telegram

🔥News and updates:
Enjin Coin (#ENJ) – Special Announcement

💼Meetings and social activity:
TRON (#TRX) – Santa Monica Meetup, USA
Rate3 (#RTE) – Singapore Blockchain Week
Syscoin (#SYS) – Conference “Blockchain-Based Solutions” in Toronto, Canada

NOS has released whitepaper and token metrics
Public cap : $15,750,000
Tokens for sale : 35%
(NGC alone is holding 5% of total tokens)

nos.io/whitepaper.pdf

ICO's Dead....!

SEC (USA) LEAK: A committee looking at ICOs (which they framed as a security asset in this particular debate) has breached the subject of how blatant changing of the stated roadmap of a project after an ICO event can be construed as fraud. Also discussed if gross slippage or tardiness on achieving the roadmap is within that scope...

If deemed so, the company or the executives of a project that change their roadmap significantly or stopped working on a project can be sued by token buyers or investors.

- Tip from an SEC insider (unverified)