Tag Archives: ico
Steven Segal settles with SEC over undisclosed bitcoin promotions
It seems that martial artist and actor Steven Seagal isn't above the law. In 2017, he touted the initial coin offering (ICO) for Bitcoiin2Gen (B2G), a digital currency that sounded shady right from the start. Seagal didn't disclose the fact that he w...
The UK will fine technology companies who fail to protect children
Technology companies that have produced used by children will need to radically redesign their systems after the UK laid down new privacy standards. The Information Commissioner's Office's new code of conduct covers everyone from social media platfor...
Facebook agrees to pay the UK £500K for the Cambridge Analytica scandal
Facebook may be looking ahead to the 2020 election, but it's still sweeping up debris from 2016. Today, Facebook agreed to pay the UK's Information Commissioner's Office (ICO) £500,000 (about $644,000) for its role in the Cambridge Analytica sc...
SEC fines Block.one $24 million for unregistered ICO worth billions
Blockchain technology company Block.one has been fined $24 million by the Securities and Exchange Commission (SEC) for running an unregistered ICO (initial coin offering). According to the SEC, the company conducted the ICO between June 2017 and June...
US, UK regulators ask Facebook how Libra will protect personal data
Facebook knew its Libra cryptocurrency would face a regulatory gauntlet, but it might not have expected a united front. Regulators from the US, UK, EU and four other governments have asked Facebook to answer several questions about how it will prote...
Marriott faces $123 million UK fine over data breach
Marriott might soon face a stiff penalty for the massive November 2018 data breach. The UK's Information Commissioner's Office plans to fine the hotel chain £99,200,396 (about $123.7 million) for allegedly violating the EU's General Data Prote...
UK regulator to hit British Airways with record fine over 2018 hack
The UK's data privacy authority has announced it intends to levy its largest ever fine against airline British Airways (BA). The airline will have to pay £183.39 million ($230 million) to the Information Commissioner's Office (ICO) for failing...
SEC sues Kik for running an unregistered Initial Coin Offering
The US Securities and Exchange Commission (SEC) is suing messaging service Kik Interactive, stating that its 2017 digital token sale, which raised $100 million, was essentially an illegal, unregistered securities offering. According to Bloomberg, thi...
UK wants Facebook to remove its Like button for younger users
The UK wants social media to turn off so-called "nudge" techniques, including Facebook's "Like" button and Snapchat streaks, for under-18s. The recommendations form part of a new 16-rule code of of practice for age-appropriate design drafted by the U...