Ethereum Rival NEAR Protocol Rallies 106% As DeFi Gains More Presence
Last Updated: 17 January 2021
Smart contracts facilitator and blockchain platform NEAR Protocol has gained 106% in the last month. The recent consolidation of the platform has attracted the attention of stakeholders and market makers who consider it a fast-rising platform.
Near Protocol was only rolled out in April last year as a platform that can improve the utilization of parallel processing.
It’s a much younger protocol compared to its rivals such as Ethereum. However, Near Protocol uses a strategy known as sharding, which is similar to what Eth2 wants to introduce.
SEC Topples Another Firm: ShipChain ICO Cancelled With $2M Fine
Last Updated: 23 December 2020
On the 21st of December, 2020, the SEC laid out a Cease and Desist Order, having concluded that the Initial Product Offering (ICO) of ShipChain’s SHIP tokens was an instance of an unregistered securities offering. Through doing so, the SEC effectively sunk the firm.
Another One Bites The Dust
ShipChain, through its ICO, managed to raise a total of $27.6 million during 207’s and the start of 2018. This was at the great ICO craze’s peak, and the firm itself had registered in Delaware by November of 2017’s end. The firm itself focused on increasing the transparency and enhancing transportation within the shipping space, doing so through an undeveloped blockchain platform.
SEC Vs. Blockvest: Blockvest Given $700,000 Fine
Last Updated: 12 December 2020
After years of legal action made by the governing bodies of the US against it, the 2018 initial coin offering (ICO), Blockvest, has officially been given its final orders.
A Case Of Two Years Coming To A Close
A court document was filed on Thursday, stated that the SEC was seeking fund disgorgement, a permanent injunction, as well as civil penalties against the Defendants for their illegal conduct, doing so as a government agency. The court case itself followed one Rasool Abdul Rahim El, known under the particularly impressive and American alias of Reginald Buddy Ringgold III, and the ICO he founded, Blockvest.