Tag Archives: token

SEC Shuts Down ICO Claiming SEC Approval

Don’t tug on Superman’s cape: The Securities and Exchange Commission got an emergency court order to stop an Initial Coin Offering that falsely claimed that the SEC had “approved” the ICO. It also halted pre-sales of the tokens from Blockvest … Continue reading

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

Filmmakers Finance With Cryptocurrency

There’s a lot of talk in the film business about using cryptocurrencies to finance motion pictures. A few films have (apparently) been successful raising funds, including “”No Postage Necessary,” an indie film paid for and distributed on the Qtum blockchain” … Continue reading

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Journalists Crowdfund To Control Their Destinies

Fake News attacks by you-know-who, lack of advertising, the cost of newsprint, acquisitions by private equity that have squeezed costs (i.e., journalist salaries and jobs) have changed the landscape for print journalists. In order to survive, many are turning to … Continue reading

Posted in accredited investor, balance, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, Jobs, Legislative Intent, Small Business, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Initial (Beer) Can Offering

Only in California: A San Francisco company is combing a craft brewery with a crowdfunding campaign for an Initial Coin Offering for stock to be celebrated by a beer called ICO. On July 11, Seven Stills Brewery & Distillery will … Continue reading

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The Crypto-Craze Continues Apace

Would you invest in a company: with no articulated business plan, that wants to build a “platform” for hosting web applications, but won’t develop any software after releasing it (hoping others will do it), and won’t build any public network … Continue reading

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

Telegram Avoids An Initial Coin Offering

Telegram, the encrypted messaging app now banned in Russia and Iran, announced that it was abandoning its plans for a public Initial Coin Offering since it was able to raise $1.7 Billion from fewer than 200 private investors. Some think … Continue reading

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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

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

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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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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VC’s Think Cryto-Deals Are A Bubble

Silicon Valley venture capitalists are wary of the crypto-currency revolution and believe that it’s a bubble because: the fundamentals don’t add up; peer to peer, if good enough, will soon become B2C; security is questionable and many have lost everything; … Continue reading

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