Category Archives: Department of the Treasury

Crypto Inventor Claims Better Exchange

Kyser Sose, Satoshi Nakamoto, David Chaum – recognize any of those names? In the world of cryptocurrency, only Mr. Chaum is a real person who, the Wall Street Journal says, built his own cryptocurrency (Digicash) years before Bitcoin. He is … Continue reading

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Academic Study Finds Big Profits in ICOs

To misquote celebrity chef Ina Garten: “How dangerous is this?” Boston College‚Äôs Carroll School of Management recently published a study of initial coin offerings (#ICO) concluding: “We find evidence of significant ICO underpricing, with average returns of 179% from the … Continue reading

Posted in accredited investor, balance, Broker dealers, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , | Leave a comment

Buffett Wingman Hates Bitcoin

Could be a generational thing, but 94 year old Charlie Munger, Warren Buffett’s wingman, hates Bitcoin. He calls the crypto-currency “a noxious poison,”and said that the government should crack down on it as was done in China. To be clear, … Continue reading

Posted in accredited investor, balance, Banking, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, discrepancies, Funding Portals, Legislative Intent, SEC, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Estonia Planning A Crowdfunded Initial Coin Offering

Notwithstanding the European Central Bank’s “veto” of the use of national crypto-currencies, Estonia (of all countries) will apparently launch its own Initial Coin Offering. The TokenEST ICO will run on the Ethereum blockchain and is intended to raise US$30 million. … Continue reading

Posted in accredited investor, balance, Banking, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Department of the Treasury, fraud, Funding Portals, Investments, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bitcoin Futures Market Opens

You can now legally bet on the price of a Bitcoin. The CBOE commodities exchange is offering futures contracts to those who can put up the margin of +/-44% or $4,400 per $10,000 contract. The symbol is “XBT” and these … Continue reading

Posted in accredited investor, Banking, Banks, CFTC, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, deposits, Investments, Jobs, Legislative Intent, review, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Austin, Texas Crowdfunding To Replace State Grants Due To Immigration Policy

The city of Austin, Texas is crowdfunding to cover costs that the State has unfunded due to Austin’s Sheriff’s position that it will not totally enforce the Trump Administration’s anti-immigrant policies. Governor Greg Abbott has cut $1.5 million in state … Continue reading

Posted in balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Funding Portals, Jobs, Legislative Intent, States, Tax | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Tax Matters*

Not fair? Wisebread notes that crowdfunding campaigns for charitable causes could result in the web portal filing an IRS Form 1099 that would indicate that you received income during the year. The site suggests that if you do that “make … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Uncategorized, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment