The United States Securities and Exchange Commission (SEC) has reached a settlement with Nebulous, the company behind the Sia decentralized cloud storage network. $225,000 in disgorgement and penalties On Oct. 1 the SEC announced in a news release that the charges were settled in the form of a civil monetary penalty without Nebulous admitting or denying the findings. According to the U.S. regulator, the Massachusetts-based blockchain business conducted an unregistered offering of Sianotes in 2014 for a total of $120,000, promising future revenue generated from transactions on the Sia network. As part of the settlement, Nebulous agreed to pay approximately …

The United States Securities and Exchange Commission (SEC) has reached a settlement with Block.one to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO). On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the form of a civil monetary penalty. Block.one settled the charges without admitting or denying the findings. According to the press release, Block.one’s ICO of 900 million tokens “began shortly before the SEC released the DAO Report of Investigation and continued for nearly a year …

Blockchain entrepreneur Alex Tapscott is paying a $148,000 fine and will lead ethics seminars at three Canadian business schools per his settlement agreement with the Ontario Securities Commission (OSC), according to a report by The Globe and Mail on May 13. Tapscott, the CEO of blockchain firm NextBlock Global Limited initially filed for a public settlement hearing with the OSC on May 9. The OSC had previously accused NextBlock and Tapscott of misleading investors when he collected a reported $20 million from 113 investors. The regulators alleged that Tapscott lied to investors by presenting them with a slide deck of …