Tag Archives: virtual currency

Facebook Bans Initial Coin Offering Ads

The fraud allegations for Initial Coin Offerings have gotten so bad that even Facebook, the platform for Russian electioneering, has decided to ” ban ads on its site for products including coin offerings and cryptocurrencies because they are “frequently associated … Continue reading

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

Crypto Currency Tax Matters

If you’ve hopped onto the cryptocurrency train, you should be aware that the IRS is all over this. So, if you’re paying employees in Bitcoin (or alts), you must report it on a W-2 and withhold just like dollars (except … Continue reading

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

EU Determines Crowdfunding Offers A Minimal Terrorist Threat

The European Commission released in July an assessment of the risks of money laundering and terrorist financing for crowdfunding. The report states that the threat from crowdfunding “is based on the anonymity offered by the online presence and the worldwide … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Did You Know That a Bitcoin Is a Commodity?

Neither did Derivabit until it was heard from the Commodity Futures Trading Commission in the form of a cease and desist order. Derivabit operated an online facility, offering to connect buyers and sellers of Bitcoin option contracts. According to the … Continue reading

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Crowdfunding With Bitcoins – Multiple Tax Bites?

Let’s say you bought a Bitcoin for $200 a few months ago and then used it to buy some shares on Angel List today at its current value $448.60 (according to  http://preev.com/). Here’s the problem. That transaction may have resulted … Continue reading

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

FINRA Issues Warning On Bitcoins

Under the title “Bitcoins: More Than A Bit Risky,” and with a URL that includes the words “fraud” and “scams,” FINRA has issued an investor warning about Bitcoins. Briefly, the warning notes that risks of using Bitcoin include: Bitcoin is … Continue reading

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Crowd Funding A Movie About Confidence – Bitcoin

Would you pay real money to crowd fund a movie about virtual currency? Deadline reports that, in the vein of “The Fifth Estate” (Dreamworks’ movie about Wikileaks’ Julian Assange), director Alex Winter intends to film the story of the recently … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment