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A far-right party in Spain broke new political ground Sunday after winning 12 seats in a regional election for the first time since the death of dictator Francisco Franco in 1975.
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Former Trump campaign chairman Paul Manafort lied to the FBI and Special Counsel Robert Mueller’s office “on a variety of subject matters” since his plea deal thereby violating the agreement, Mueller said in a court filing submitted Monday night, while adding that Manafort claims he’s been truthful.
PG&E Corp. stock soared the most in 17 years after the head of California’s Public Utilities Commission said he can’t imagine allowing the utility to go bankrupt as it faces billions of dollars in potential liability from deadly wildfires.
PG&E was up about 35% at $ 23.92 a share around 9:15 a.m….
Diddy lost the mother of his children, Kim Porter, Thursday — but put on a brave face Friday — in an attempt to return to some normalcy. Diddy was spotted out in L.A. at The Movement Performance Institute with the help of a private driver.…
France’s financial markets regulator, the Autorité des marchés financiers (AMF), has published a report examining trends relating to initial coin offerings. The AMF describes ICOs as a “marginal” method of financing, estimating that the global ICO industry has raised €19.4 billion ($ 21.9 billion) since 2014.
Significant Centralization of Capital
The AMF report notes an “acceleration” in ICOs over the last two years. It estimates that €5.6 billion ($ 6.3 million) was raised via ICOs in 2017, equating to 1.6 percent of global equity financing for that year. Throughout 2018, the regulator estimates that ICOs have raised €13.4 billion ($ 15.1 billion) so far, accounting for 69 percent of the total raised by all ICOs since 2014.
The AMF report also points to a significant centralization of capital within the ICO sector. It estimates that just 17 ICOs have raised approximately 40 percent of the total sum generated by the industry thus far.
French ICOs Grab ‘Modest Share’ of Global Sector
The AMF describes French ICOs as “accounting for a modest share of this new type of financing.” The report estimates that a total of 15 ICOs have collectively raised €89 million ($ 100.5 million), meaning that French token sales have represented just 0.46 percent of the total sum raised by the global ICO industry.
While the majority of ICOs have focused on “blockchain or trading applications,” the AMF believes that projects are now increasingly “diversifying into other sectors.” It also notes that “most of the upcoming ICO projects” have previously raised financing through “traditional funding channels.” In addition, the AMF reports that the majority of ICOs thus far have taken place in the United States.
AMF Advocates International Regulatory Cooperation
The AMF argues that the key “success factors of an ICO” include the need for robust and transparent anti-money laundering procedures. The report also emphasizes the need for “appropriate regulation” to guide the ICO industry. The AMF claims that “given the cross-border nature of these projects, the diversity of regulatory approaches at the international level is a point of vigilance.” It adds that “in this context, international and European cooperation is essential” in the identification of fraud and the development of coherent regulatory frameworks.
Do you think that ICOs have reached their peak this year? Or is more growth in sight? Share your thoughts in the comments section below!
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For Patrick Braxton-Andrew, Mexico’s Copper Canyon was a major draw. “The way he tried to sell it to me was that it was way bigger than the Grand Canyon but not visited by as many people,” his brother, Kerry, tells the Washington Post . The fellow native of Davidson, NC, had…
A hundred years to the day since the guns fell silent, marking the end of World War I, dozens of world leaders will take part in a solemn ceremony in France to remember the many who gave their lives between 1914 and 1918.
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The WWF conservation group is out with the results of a massive new assessment of the world’s wildlife, and things are looking pretty grim. The big takeaway stat is that populations of mammals, fish, birds, reptiles, and amphibians have plunged by an average of 60% since 1970, reports the Guardian…
A man who killed a South Dakota prison guard in a failed escape seven years ago is scheduled to be executed Monday after dropping his death penalty appeal.
The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
The annualized rate of gains in gross domestic product was brisker…