Category Archives: Banks

Big VCs Push SEC To Back Off

Big Venture Capital that supports crypto-currency firms have hired the major Washington, D.C. lobbyist guns to try to keep the Securities and Exchange Commission and other financial regulators off their backs. According to the Wall Street Journal, “The group wanted … Continue reading

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81% of ICO’s May Be Scams

A recent study by the crypto-currency consulting firm Satis Group of initial coin offerings greater than $50 million has classified them as either a “scam,” “failed-pre-trading,” “gone dead-pre-trading,” “dwindling-trading,” “promising-trading,” or “successful-trading.” Their conclusion was “On the basis of the … Continue reading

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Terrorists Using Crypto-Currencies

“Donate anonymously with Cryptocurrency” and that’s the issue as the appeal is often coming from ISIS and other jihadists typically through the message app Telegram. Money laundering laws world wide have increasingly been focusing on “know your customer” and trying … Continue reading

Posted in accredited investor, balance, Banks, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, discrepancies, fraud, Funding Portals, review, SEC, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Petro Crypto-Currency Pre-sale Starts

What could be safer than a crypto-currency backed by a bunch of commodities that may still be in the ground and offered by an authoritarian government that is seeking to circumvent international sanctions? Welcome to the pre-sale of Venezuela’s Petro … Continue reading

Posted in accredited investor, balance, Banking, Banks, CFTC, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, deposits, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

SEC Suspends CryptoCurrency/Blockchain Companies

For the first time, the Securities and Exchange Commission has suspended trading in three firms that have made public claims about crypto-currency and blockchain, not that they have been involved in an Initial Coin Offering (yet). The suspension resulted from … Continue reading

Posted in accredited investor, balance, Banks, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, discrepancies, fraud, Investments, Jobs, Legislative Intent, penalty, SEC, technology, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Crypto-Currency Trends Emerging

Some crypto-currency trends are starting to appear: (i) when Bitcoin moves, many other alt-coins follow; (ii) there is no way to value crypto-currencies; (iii) crypto-currencies are being used more for trading than as a medium of exchange; (iv) the crypto-currency … Continue reading

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Credit Union Gets A Semi-Waiver For Cannabis Related-Business

In a rare compromise agreement, the Federal Reserve Bank of Kansas City has given conditional approval for Fourth Corner Credit Union to offer services to businesses that serve the legal cannabis industry in Colorado, but not state-licensed dispensaries. These businesses … Continue reading

Posted in Banking, Banks, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business | Tagged , , , , , , , , , , , , , | Leave a comment