Agent Smith in the Matrix described humans as a “virus. A disease, a cancer of this planet. You are a plague, and we are the cure.” While not alleging all human beings are a virus, the U.S. government views John McAfee, the...more
11/6/2020
/ Anti-Fraud Provisions ,
Bitcoin ,
Celebrity Endorsements ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Financial Crimes ,
Influencers ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Twitter ,
Virtual Currency
Late last month, SoluTech, Inc. and Nathan Pitruzello consented to a cease-and-desist order with the U.S. Securities and Exchange Commission (“SEC”). From April 2018 through March 2019, SoluTech, a technology start-up...more
10/9/2020
/ Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Transactions ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities
The U.S. Securities Exchange Commission (SEC) is asking a court to freeze the assets of a cryptocurrency mining and multilevel marketing scheme that allegedly defrauded investors of $12 million. The SEC's complaint alleges...more
6/16/2020
/ Asset Freeze ,
Bitcoin ,
Bitcoin Mining ,
Cryptocurrency ,
Enforcement Actions ,
Investment Fraud ,
Investment Opportunities ,
Ponzi Scheme ,
Scams ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
With the world slowly coming out of the COVID-19 lock down and the economy hopefully on the path to recovery there have been many developments in the blockchain / crypto space over the last few weeks....more
5/19/2020
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
FinTech ,
Fraudulent Investment ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Stock Exchange ,
Unregistered Securities ,
Virtual Currency
“A rose by any other name would smell as sweet.” Like the Shakespearean rose, Ripple Labs faces another claim that its digital asset XRP is a security in a new federal lawsuit in California. The suit filed by Bitcoin...more
The CFTC recently filed a multi-million dollar fraud action charging three individuals and three companies with fraudulently soliciting tens of millions of customers and prospective customers to open and fund off-exchange...more
It began as an obscure experiment in unregulated virtual currency. Initially undistinguished from Bitcoin, blockchain evolved to become one of the pillars of web 3.0, enabling new means of trust, transparency, security and...more
2/20/2020
/ Accredited Investors ,
Bitcoin ,
Blockchain ,
CFTC ,
Civil Monetary Penalty ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
FinTech ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Self-Reporting ,
Simple Agreement for Future Tokens (SAFT) ,
Token Sales ,
Virtual Currency