General News

Overstock CEO Patrick Byrne Sells Shares in His Company, People Complain, Byrne Responds to “Preclude Further Recurrence of Mass Vapors”

Earlier this week, Patrick Byrne, CEO and founder of Overstock  (NASDAQ:OSTK), filed a Form 4 indicating a sale of 900,000 shares in his company.  Apparently, the masses slammed the sale demanding answers. Simultaneously the price of Overstock swooned on the news. Yesterday, in a Dear… Read More

Don’t Worry, Be Frisky: “Sextortionists” Have Made $1 Million in Bitcoins, But Probably Don’t Have Dirt on You

Anti-phishing company Area 1 says that email “sextortionists” have collected $1 million in Bitcoins (about $593 USD per victim) by convincing targets that their webcams and porn-search habits have been compromised, Fortune reports.  But your webcam and any porn consumption likely haven’t been breached, says Area… Read More

While the Uber IPO May have Stumbled, Early Investors Still Killed it

Early stage investing is a very risky endeavor yet this is where most of the big money is made. Today, an initial public offering (IPO) is too frequently more of an exit opportunity than a chance to generate wealth as companies wait as long as… Read More

Fitch Report: Declining Credit Enhancement in US MPL ABS is Unwarranted

Fitch is out with a report on marketplace lending (MPL) asset-backed securities (ABS) stating declining credit enhancement is unwarranted. Fitch states that credit enhancement (CE) levels of ‘Asf’ category rated US MPL ABS have meaningfully declined since 2017, while asset quality remained relatively steady. As… Read More

Security Token Academy Crosses the Atlantic with London Meetup

The Security Token Academy (STA), a company covering and facilitating the emerging security token industry, has crossed the Atlantic and landed in the UK with its first Security Token London Meetup Kickoff Event. The event is scheduled for June 12th in London. Aubrey Chernick, founder… Read More

Long Term Stock Exchange, Created by Eric Ries, Receives SEC Approval to Operate as a National Securities Exchange

On Friday, the Long Term Stock Exchange (LTSE) received good news from the Securities and Exchange Commission (SEC) as it was approved as a national securities exchange. The LTSE is the creation of Eric Ries, an entrepreneur, VC, and creator of the lean startup concept…. Read More

SEC Director of CorpFin Bill Hinman Provides Crowdfunding Update at Small Business Capital Formation Advisory Committee Meeting

Earlier this week, the inaugural meeting of the Small Business Capital Formation Advisory Committee (SBCFAC) took place at the Securities and Exchange Commission (SEC) in Washington, DC. The new Committee brings together a diverse group of small business proponents including several Fintechs. Led by Martha… Read More

House Financial Services Committee Announces Two Task Forces: Fintech and Artificial Intelligence

The House Financial Services Committee under the leadership of Congresswoman Maxine Waters, Chairwoman of the Committee, has announced the creation of a Task Force on Financial Technology or Fintech and a Task Force on Artificial Intelligence (AI). These two specific topics have emerged in importance… Read More

Fidelity: 22% of Institutional Investors Own Digital Assets, More are Interested

Fidelity, the mega mutual fund company that is entering the crypto sector, shared a survey last week quantifying institutional participation in digital assets. In a release, Fidelity said that 22% of institutional investors have exposure to digital assets with 40% expressing interest in the coming… Read More

Has the SEC Slammed the Brakes on Blockchain Innovation?

The Securities and Exchange Commission (SEC) has talked up their innovation cred and support of Fintech for years. Under previous Chair Mary Jo White, the SEC held the very first Fintech Forum which saw both industry participants and policymakers engage with each other in collaborative… Read More

Ciphertrace: Crypto Criminals Stole $1.2 Billion in First Quarter

Cryptosecurity firm Ciphertrace has published their Q1 report tallying scams, frauds, and other nefarious acts in the crypto sector and the first three months of 2019 were productive ones for the bad guys. According to Ciphertrace, during the first three months of 2019, $1.2 billion… Read More

SEC Issues Investor Alert: Cautions on Issuers that Claim SEC has “Approved Offerings” such as ICOs

We have seen this one a lot. Issuers file a Form D with the Securities and Exchange Commission (SEC) and once it pops up on Edgar (the SEC’s document database) the entity or individual claims it has been “approved” by the SEC. That’s a bunch… Read More

SEC’s Office of Advocate for Small Business Provides Additional Details on Upcoming Roundtable on May 6th

The Securities and Exchange Commission Office of the Advocate for Small Business Capital Formation has provided additional details on the upcoming Roundtable scheduled for May 6th. The Roundtable was announced yesterday and is scheduled to take place the same day as the first meeting of… Read More

Blanco Niño Returns to Crowdcube, Introduces New Line of Tortilla Chips

Blanco Niño is enjoying a strong return to Crowdcube. Five years ago the startup raised over £123K on its first campaign, overfunding by 206% with the help of 100 investors. As of today, Ireland-based Blanco Niño has secured over £183,250 from 86+ investors, quickly surpassing… Read More

IOTA Blockchain Partners with Jaguar Land Rover: “Earn [Crypto] While You Drive”

Blockchain ecosystem IOTA announced a significant partnership yesterday with Jaguar Land Rover. The posh auto manufacturer ‘Smart Wallet’ technology is expected to utilize the IOTA Tangle (their flavor of blockchain) for data and value transfer. IOTA reports that it has already been equipped on several… Read More

Funding Circle Latest Report Reveals: Banks Give Small Businesses The Cold Shoulder One Decade After Financial Crisis

Online lending platform Funding Circle announced on Monday it partnered with Oxford Economics to launch a new report, called “Big Business of Small Business,” which revealed banks have been giving small businesses the “cold shoulder” one decade after the financial crisis, causing the businesses to fail… Read More

Culprit Impersonates Police in New Bitcoin Extortion Scam

Police in Berkeley, California, are warning the public that a culprit impersonating a police officer has attempted to extort Bitcoins from a resident of that region. According to a City of Berkeley press release issued April 24th regarding the incident: “Just this past Thursday, a… Read More

Satire Site “Coin Jazeera” Now Ridiculing Cryptocurrency Reporting and Culture

A dedicated news satire site has been making quick work of arguably dubious cryptocurrency products, personages and news sites since its launch three weeks ago. “CoinJazeera, The Realest News in Crypto” publishes content by an anonymous writer or writers and is also seeking submissions and… Read More

Flight Info, Baggage Displays and Email at Cleveland Airport Downed by Ransomware

Officials from the Cleveland Mayor’s Office are reportedly downplaying the significance of what appears to have been a successful ransomware attack on flight info, baggage and email systems at the Cleveland Airport, WTOC reports. Those systems are currently down, though “no hacking” has taken place… Read More

BrewDog Co-Founder Claims Brexit Uncertainty Is Creating Negative Effects on British Businesses

James Watts, the co-founder of famous crowdfunding brewery BrewDog, has reportedly claimed that the uncertainty surrounding Brexit is causing negative effects on British businesses. According to the Independent, Watts stated that the Brexit process will cause “severe long-term damage” to the UK’s economy, as well… Read More

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