Just a day after China raised the ban for ICOs all together, Hong Kong – the country that is a special administrative region of China – has voiced concern at the growth of ICO fundraising. “Those involved in an ICO need to be aware that some ICO structures may be subject to Hong Kong securities laws,” said Julia Leung of Hong Kong’s Securities and Futures Commission (SFC) . She also clarified that the regulations don’t simply apply to Hong Kong-based companies holding ICOs, but any entity worldwide that sells tokens to individuals based in Hong Kong. Just for a reminder, this week China’s central bank, issued a statement criticizing ICOs
Intel recently submitted an SEC SC-13G ‘Statement of Beneficial Ownership’ in Adesto Technologies Corporation, making their 5.1% investment in Adesto public. As Intel focuses the investment and product portfolio on Internet of Things (IoT), the company is actively teaming up and investing in companies which hold significant stake in desired markets. Adesto endured a troubled IPO, first by being forced to reduce the valuation of the company, and then shares sunk by 25%, reducing the market cap to $86.08 million. The IPO issues do not exclusively stem from the company, as Adesto faced a rough ride on the markets – which affected everybody, from companies like LinkedIn
The Winklevoss twins have filed to list 1M shares of a Bitcoin Trust ETF on Nasdaq, which introduces new investment strategies in the cryptocurrency.