Tag Archives: bitcoin

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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Bloom Off The Bitcoin Tulip

Bitcoin is so yesterday. According to the Wall Street Journal, the bloom is off the Bitcoin tulip as: prices have dropped from nearly $20,000 to $7,000, internet searches for the word have dropped 80%, “average daily trading volume this month … Continue reading

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Nasdaq To Delist Long Blockchain

Remember the iced tea company that changed its name to include “blockchain” and had its stock soar 183%? Well, Long Blockchain, formerly Long Island Iced Tea Corp. is now being delisted from Nasdaq because its stock’s market cap is below … 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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Is The Verge Crowdfunded ICO A Scam?

Doubts are creeping into the successful Initial Coin Offering crowdfunding campaign by Verge. Verge initiated the ICO by disclosing that it was about to enter into a partnership with a “mysterious partner” that “owns a “vast network of super high … Continue reading

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Crypto-Currency Exchange May Be Bailed Out

Crypto-currency exchange Coincheck, that lost almost $500 Million (or 523 million NMX tokens) in a recent hack, may be rescued by Japanese internet broker Monex Group. Coincheck paid out about $435 Million to about 260,000 customers to partially reimburse them. … Continue reading

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Initial Coin Offering Promoters Arrested

Civil AND criminal charges have resulted in the arrest of Sohrab “Sam” Sharma and Robert Farkas, co-founders of Centra Tech. Inc., who, according to the SEC, “masterminded a fraudulent ICO in which Centra offered and sold unregistered investments through a … Continue reading

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