The initial coin offering continues to be a popular way for blockchain-based companies to raise money, but concerns about probes from regulatory agencies have given some projects serious roadblocks. Messaging app Telegram was able to raise almost $2 billion dollars during private sales, but decided a few days ago to cancel their public sale. The company said the decision partially comes from a SEC probe into ICOs. Their plan right now is to put money into a digital payments platform.

Team members associated with Dragonchain, Disney’s private blockchain platform, announced last week they have halted their ICO for Iagon. The company said Ethereum received in the presale would be returned to wallets. There are not many details about the decision, but some people believe Dragonchain was concerned with drawing the attention of the SEC, based on statements in a recent post on Medium. They wrote on Twitter how they take “our legal due diligence” very seriously. Colorado’s Department of Regulatory Agencies published details about an investigation into two ICOs that were being promoted to residents in the state.

Officials said Linda Healthcare and Broad Investments LLC might be in violation of state securities laws and have asked the companies to justify why they should not receive punishment under Colorado’s Securities Act. According to Colorado Securities Commissioner Gerald Rome, “Most ICOs meet the terms of a securities transaction and carry with them all of the same risks when it comes to losing money. If you are investing money in any kind of cryptocurrency such as a coin or token where you are expecting to reap returns and are relying on those returns to come from the efforts of an outside party, you are dealing with investments. ICOs are highly risky and should only be undertaken by sophisticated investors with the understanding that they may lose most or all of their funds.”

Although regulators have created barriers to entry for ICO projects, and their investors, many companies are still very interested in the concept, and a variety of legitimate and potentially world-changing projects still launch on a weekly basis.

We’ve been keeping a close eye on a few upcoming ICOs that look interesting and appear to have good potential and growth prospects. However, it’s important to remember that we are not financial advisors. All we are doing is just presenting information about the ICO projects that can be seen on different online resources. Please talk with an experienced and professional financial advisor if you are interested in investing in cryptocurrency or an ICO.

This week we’re going into depth on Brickblock (BBK), Skillchain (SKI), and Wemark (WMK).  We looked at several components of each project, like the whitepaper and team member background to understand the underlying value of each project and the growth potential. Signing up for a Cryptosumer membership gives insight into the below ICOs and why the warrant further investigation.

Brickblock is creating the globe’s first tokenized real estate asset. Skillchain is looking to create a platform to certify people’s past and present experiences to help people stand out with their different talents. Wemark looks to build a blockchain digital marketplace for digital content like photos.

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