Spoiler Alert:  ICOs – The “Good Times” May Be Ending

By Dror Futter '89LAW, Partner, Rimon, P.C.

For a long time, ICOs lived in a regulatory silence zone. Some even boldly asserted that ICOs lived outside of government regulation. In mid-summer the SEC fired its first “shot across the bow.” While the SEC focused on the DAO token, its broader point was that tokens can be securities and, as a result, fall within the same regulatory regime as, for example, stocks.

Read more on Rimon

 

Op Ed: “We Never Thought of That” — When Venture-Backed Companies Undertake Reverse ICOs

By Dror Futter '89LAW, Partner, Rimon, P.C.

With well over $3 billion raised this year alone, in very little time initial coin offerings (ICOs) have emerged as a major source of venture finance. Even companies that have already raised conventional venture funding will be tempted to raise additional funds through ICOs. Although not fully intuitive, some have labeled token issuances by entities that previously obtained equity financing as “Reverse ICOs.”

Read more on Bitcoin Magazine

 

One way blockchain adoption could happen…

By Wendy Xiao Schadeck '16BUS, VC at Northzone

Despite the recent ICO boom (which I’ve observed as “bubbly” in my last blog post), some of the biggest critiques of blockchain technology are still unresolved:

  1. Near 100% of the current crypto market cap is speculative value rather than utility value
  2. This is not likely to change in the near future because blockchain technologies are hammers looking for nails

Read more on Medium