Crypto Weekly (Okt. 2nd, 2019)

Oct 2, 2019 • 4 Min Read

Weekly recap...

  • EOS settled with the SEC related to the sale of its ERC-20 tokens.
  • ETH testnet split into two chains - shouldn't affect upgrade timeline

Center Story

1. EOS emerges from ICO era a survivor

Block.one (EOS) announced a settlement with SEC for $24 million

Block.one (organization backing EOS) settled with the SEC for conducting an unregistered  securities offering in 2017-2018. Specifically, the SEC judged EOS' ERC-20 tokens were sold to investors with the expectation of profit.

The settlement was for $24 million. This pales in comparison to the ~$4 billion EOS raised but that's ho...

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