SEC Vs. Dragon – Dragonchain Gets Sued For $16.5 Million ‘Unregistered’ Token...
The U.S. Securities and Exchange Commission announced charges against organizations associated with Dragonchain as well as its chief architect John Joseph Roets for allegedly generating $16.5 million through “unregistered crypto asset” securities offerings. The court petition accuses the defendants of breaching the Securities Act of 1933 by amassing millions of dollars in 2017 through the […]
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The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions." The United States Securities and Exchange Commission, or SEC, has filed a complaint related to a 2017 initial coin offering from a blockchain project originally developed by the Walt Disney Company.In a Tuesday notice, the SEC said it had charged Dragonchain, the Dragonchain Foundation, the Dragon Company, and their founder John Joseph Roets for raising $16.5 million in a presale and initial coin offering from 2017. According to the....
Back in March Bitcoin.com reported the Walt Disney company was searching for blockchain talent at its Seattle, Washington headquarters. Now the firm has released its own public/private hybrid blockchain, called Dragonchain. Meet Dragonchain, a Blockchain Created by Disney. Disney’s Dragonchain platform claims it will simplify real business applications....
Disney has made open source its Dragonchain blockchain. Dragonchain is being touted as a public/private blockchain by the corporation famous for animated cartoon characters such as Mickey Mouse, Donald Duck and Pluto. Disney and Blockchain may sound like an odd mix but as a company Disney has always been at the forefront of utilising technology. At the company’s Disney World resorts, they already use MagicBands that help customers enter theme parks, unlock hotel doors and purchase consumable items and merchandise. In a world where the newer generation is increasingly transfixed by....
Dragon War, a turn-based strategy game built on the Solana blockchain, has revealed details about its highly-anticipated public sale. Between March 20 and 23, the project will list its native $DRAW token via three separate launchpads – Solanium, Red Kite and Starpunk. The sale will give investors the opportunity to purchase an asset (sale price: $0.012) that can be used in Dragon War’s gaming ecosystem to purchase NFTs such as heroes and dragons, as well as for staking and governance purposes. The IDO Whitelist Open Schedule is as follows: Starpunk: March 6 Dragon War Community Pool: March....
The Walt Disney Company is #71 of the top 2000 companies in the world ranked by Forbes. It has an annual revenue in the tens of billions of dollars, assets near 100 billion dollars, and recently developed a keen interest in blockchain technology for use within its massive organization, which includes online retail, television endeavors, and, of course, their world-famous theme parks. The most obvious benefit of a blockchain system is easier tracking of inventories, sales, shipments, and even people in the case of the parks, but Dragonchain innovates on existing blockchain implementations.....