Investors put millions into the fraudulent crypto startup Centra Tech. And now, they want their money back. Not only are they suing the company behind it, but the celebrities who endorsed it. That includes boxer Floyd Mayweather Jr. and entertainment mogul DJ Khaled — reportedly being sued for their roles in an alleged illegal cryptocurrency … Continue reading “Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO”
initial coin offering
French Regulator AMF Blacklists more Scams
Author Ian CooperPosted on Categories Business, Cryptocurrency, ICO, RegulationsLeave a comment on French Regulator AMF Blacklists more ScamsThe financial regulator of France, AMF, just blackballed more crypto-investments for fraudulent activities. Updates to Crypto Scams List According to AMF It recently updated 21 new websites to its blacklist of businesses that provide services that mislead investors through fraudulent schemes. A majority of the 21 new names belong to the grey area of the … Continue reading “French Regulator AMF Blacklists more Scams”
US SEC Director: “We will likely Recommend more Substantial Remedies”
Author Ian CooperPosted on Categories Cryptocurrency, ICO, News, RegulationsLeave a comment on US SEC Director: “We will likely Recommend more Substantial Remedies”US SEC Director Stephanie Avakian says the agency will likely recommend “more substantial remedies” against those who fail to follow initial coin offering (ICO) registration requirements. At the same time, “We have tried to be thoughtful about how to handle ICO registration cases that do not involve fraud. We want to recognize legitimate efforts to … Continue reading “US SEC Director: “We will likely Recommend more Substantial Remedies””
China Central Bank Issues Another ICO Warning
Author Ian CooperPosted on Categories Business, ICO, Law, RegulationsLeave a comment on China Central Bank Issues Another ICO WarningThe People’s Bank of China (PBoC) is out with a new warning. In fact, the newly issued note disapproves of the unauthorized and illegal ICO financing model. That’s because it represents a “serious disruption” for the “economic, financial and social order,” as reported by Coindoo.com. “[ICOs are] suspected of illegally selling tokens, illegally issuing securities, … Continue reading “China Central Bank Issues Another ICO Warning”
What Every ICO Investor Must Understand Upfront
Author Ian CooperPosted on Categories Business, Cryptocurrency, ICO, NewsLeave a comment on What Every ICO Investor Must Understand UpfrontDue diligence is essential for any investor. Without it, you’re blindly throwing money at the wall, hoping something sticks. This is most notably true with initial coin offerings (ICO). If you don’t know what it is, or who’s involved, your risk increases Understanding who is on the development and management team is one of the most … Continue reading “What Every ICO Investor Must Understand Upfront”
US SEC Charges Two Cryptocurrency Firms
Author Ian CooperPosted on Categories Business, Cryptocurrency, Law, RegulationsLeave a comment on US SEC Charges Two Cryptocurrency FirmsThe US SEC just announced its first-ever enforcement action against a digital asset hedge fund. Crypto Asset Management In fact, it found that Crypto Asset Management LP (CAM) offered a fund operating as an unregistered investment company. In addition, it falsely marketed it as the “first regulated crypto asset fund in the United States.” CAM … Continue reading “US SEC Charges Two Cryptocurrency Firms”
India Sends Officials to Different Countries to Study Crypto and ICOs
Author Jeff McGavinPosted on Categories Bitcoin, Blockchain, BusinessLeave a comment on India Sends Officials to Different Countries to Study Crypto and ICOsIndia is making efforts to understand the crypto and ICO market. The Securities and Exchange Board of India has made to countries like the United States, Switzerland, and Japan for its officials to study digital currencies and Initial Coin Offerings. SEBI which is the Indian financial regulator has stated that it has already undertaken many … Continue reading “India Sends Officials to Different Countries to Study Crypto and ICOs”
Cryptocurrency Firms under Investigation in Colorado
Author Jeff McGavinPosted on Categories Bitcoin, Blockchain, Business, CryptocurrencyLeave a comment on Cryptocurrency Firms under Investigation in ColoradoThree cryptocurrency firms are under investigation in Colorado. The Colorado Department of Regulatory alleges that the firms are promoting unregistered Initial Coin Offerings in the state. The cryptocurrency companies under investigation include Bionic Coin, Global Pay Net, and Sybrelabs Ltd. “As part of an investigation into what has become a trend of allegedly fraudulent companies … Continue reading “Cryptocurrency Firms under Investigation in Colorado”
Bitcoin (BTC) Is A Fraud; Stay Away From It, Ex-Scammer Warms
Author Jeff McGavinPosted on Categories Banking, Bitcoin, Business, Cryptocurrency, ICO, Regulations, ScamLeave a comment on Bitcoin (BTC) Is A Fraud; Stay Away From It, Ex-Scammer WarmsA former broker, Jordan Belfort, was thrown behind bars for defrauding unsuspecting investors. Belfort says that Bitcoin (BTC) is the next exit-scam that will leave many retailers and merchants flat broke. After serving nearly two years in prison on fraud, Belfort noted that people have been brainwashed to accept BTC. He doesn’t seem to have … Continue reading “Bitcoin (BTC) Is A Fraud; Stay Away From It, Ex-Scammer Warms”
Introducing OBITX, The Revolutionary Blockchain Incubator And Accelerator
Author Jeff McGavinPosted on Categories Blockchain, Business, Crypto Technology, Cryptocurrency, ICO, NewsLeave a comment on Introducing OBITX, The Revolutionary Blockchain Incubator And AcceleratorDefinitely, OBITX wouldn’t be the most popular blockchain company you have heard about. However, the promise of this blockchain incubator is one worthy of mentioning. OBITX leverages groundbreaking blockchain technologies as well as accelerates top projects. In light of this, as a venture builder, this incubator strives to incubate technologies that would outrageously disrupt the … Continue reading “Introducing OBITX, The Revolutionary Blockchain Incubator And Accelerator”
