Most important events of the second week of this October regarding ICOs and startups: news, expert reviews, new projects in our Calendar and, of course, the Rating!
Key News
This week was very intense for IСOs and startup community around the world: some countries have legalized token sale, some have reported on an increased number of conducted ICOs, some projects were closed and of course this week didn’t go without another announcement from U.S. SEC.
Here are the most interesting news for the current week:
SEC opened a Cryptocurrency Hub
The U.S. Securities and Exchange Commission (SEC) has announced the launch of the agency's Strategic Hub for Innovation and Financial Technology. It will assist fintech projects in legal matters promoting their development. The new division is called the Strategic Hub for Innovation and Financial Technology (FinHub). The division should become a link between the regulator and blockchain developers. It will publish all the information from the department, provide consultations for startups and other regulators. FinHub will also organize a FinTech Forum dedicated to ledger technology and digital assets in 2019.
Bermuda Legalizes First ICO
Bermuda has officially legalized ICOs. The fintech-based company Uulala was certified by the Bermuda Government. The head of Uulala, Oscar Garcia, said that his startup expects to raise $50 million through its token sale and has already collected $10 million in private sale. Earlier the Bermuda Government announced its plans to amend the law on banking activities to create a new class of financial institutions that will provide services to fintech and blockchain companies.
SEC Stops Blockvest's ICO
The U.S. Court sent an emergency order to the SEC to halt the activities of Blockvest because of the disinformation of investors. The U.S. Securities and Exchange Commission froze the assets of Blokvest LLC and its founder Reginald Buddy Ringgold III and initiated a claim against the company as Blockvest positions itself as “licensed and regulated”, although in fact the ICO hasn’t been confirmed by the SEC.
Israeli Startups Have Tripled Since Beginning of 2018
The Israeli Blockchain Association reveals its third Israeli Blockchain Startup Map, which includes more than 200 startups. Romanov Gold, the founder of the Association said that at present Israeli blockchain industry is undergoing both an increase and a transformation. On the one hand, there is a great growth among blockchain startups, but, on the other hand, many of them are missing ICOs in favor of equity financing.
The Israeli Blockchain Association expects that the number of blockchain startups will double in 2019.
Analytics of the Week
Beacon of Light: Most Promising ICOs of 2018 - review of most promising ICOs of 2018 that despite the strong waves of criticism and pessimism, it’s worth paying attention to.
ICO Review
Yamzu project, which works in the field of browser-based eSports where gamers can monetize on their winnings without leaving the comfort of their homes.
Top in the Rating
iHodl.com has developed a unique rating system to judge ICO projects, which takes into account all aspects starting with the official website, upto the token platform itself. This time we matched the worst ongoing ICO projects according to the rating.
Top-5 Worst Ongoing ICOs
1,34 - FiveStarMiningNetwork
1,61 - Ardent United
1,64 - Neogame
1,68 - IViN
1,74 - CustomCoin
ICO Primer
Main texts by iHodl.com that everyone should read to study the ICO sphere:
How to choose an ICO: Investor’s guide
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