Tagged: jor law

BitGo Confirms Acquisition of Prime Trust, Signs Term Sheet to Acquire 100% of Firm

BitGo has signed a term sheet to acquire the equity of Prime Core Technologies, the parent company of Prime Trust. Both companies provide services such as custody to digital asset firms. Earlier today, rumors filtered out about a deal with BitGo being in the works… Read More

Rumors Indicate Prime Trust on the Brink, BitGo May Acquire

According to multiple rumors and reports, Prime Trust, a top infrastructure provider in the crypto sector, could be on the brink of failure or acquisition. A recent Tweet claims to have knowledge that Prime Trust is close to insolvency. So this is in regards to… Read More

Prime Trust Changes Leadership, Tom Pageler Out as CEO, Jor Law Steps in as Interim CEO

Prime Trust has made a change at the top as Tom Pageler is out as Chief Executive Officer, according to a representative from the company. Prime Trust issued the following statement: Today, the Prime Trust Board of Directors announced a leadership transition to better align… Read More

In the Land of Fintech, Prime Trust is Killing It

  Prime Trust is a fast-growing Fintech and securities custody provider that appears to be in the midst of hockey stick trajectory. This week, in a widely distributed email, Prime Trust founder and CEO Scott Purcell outlined the transition from startup, to market traction, to… Read More

ZenSports Raises $675,000 Seed Funding Led by Jor Law

Mobile peer to peer sports betting marketplace, ZenSports, has closed on a $675,000 seed round. ZenSports is a platform that seeks to enable sports betting from anywhere in the world without a centralized bookmaker. According to the company, the funding was part of a broader,… Read More

Digital Assets: Tokenizing EB-5 Investments

Each year, billions of dollars in direct foreign investment flow to U.S. developers and entrepreneurs under the EB-5 Immigrant Investor Program. The program gives foreign investors the opportunity to obtain permanent U.S. residency – a green card – if they make a qualifying investment in… Read More

Active Participants and Digital Assets: The SEC Coins a New Term

Raising capital by issuing tokens that rely on distributed ledger or blockchain technology has been clouded by regulatory uncertainty since the practice emerged during the initial coin offering or “ICO” boom. As entrepreneurs seek to use blockchain technology to build new networks and tokens, this… Read More

Initial Coin Offerings: I Have to File a Form 10? Great! What’s a Form 10?

Those who have read the SEC settlements with AirFox (CarrierEQ.Inc.) and Paragon Coin, Inc. published on November 16, 2018, will note that the defendant ICO issuers agreed, among other things, to register their “coins” under the Exchange Act (the Securities Exchange Act of 1934) by filing… Read More

Securities Token Roundtable is Heads Down to Create Working Standard for Blockchain based Investments

  Earlier this month, CI reported about a gathering taking place in Barbados that incorporated a grouping of emerging security token firms. The goal of this meeting was to attempt and establish a standard by which securities could be offered on blockchain thus reducing sector… Read More

Securities Token Roundtable Deliberations Continue Seeking Consensus on the Future of Blockchain based Securities

  As was reported last week, the Securities Token Roundtable is continuing deliberations in Barbados over the weekend. Organized in part by the efforts of Polymath who is hosting the event, the meeting includes a good number of emerging platforms and industry participants seeking to… Read More

Securities Token Roundtable Meets to Upgrade ERC20 Smart Contracts for Blockchain based Security Token Offerings

The flight to Barbados isn’t a short one.  I left home at 5am and didn’t get into Barbados until after midnight thanks to a minor delay caused by inclement weather surrounding Miami.  I heard that it’ll take roughly 35 hours for another person who’s coming… Read More

Blockchain Disruption: Heard at Crypto Invest Summit

The Crypto Invest Summit (CIS) in Los Angeles this week, rebranded from previous “Crowd” events, was a standing room only conference this year. Organizers sold out of tickets in the last weeks as demand was high for the cryptocurrency / blockchain focused gathering. More than… Read More

Initial Coin Offerings: Is this How it Should’ve Been a Few Years Ago When US Securities Crowdfunding First Became Legalized?

    The very first initial coin offering (ICO) took place in June of 2013 when Mastercoin raised around $5 million in Bitcoin. That was the same year that Title II of the JOBS Act launched allowing general solicitation (SEC lingo for advertising) under Regulation… Read More

tZero Has Acquired VerifyInvestor for $12 Million in Cash

Buried within the tZero Offering Memorandum for its ongoing initial coin offering were several interesting items of note. The first was the fact the SEC was in the process of reviewing the offering. Another interesting bit of information was the fact tZero has acquired a… Read More

Disrupting Goldman Sachs: Polymath Wants to Create a New Investment Banking Paradigm with Initial Coin Offerings

Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided… Read More

Polymath Network Telegram Account is First to Tap Out at 50,000 Follower Cap

Polymath Network is the first cryptocurrency related project to hit the 50,000 follower ceiling on Telegram. The highly popular company is the industry first security token launch pad. As initial coin offerings become professionalized and regulated you must have a service that can manage tokenized securities and… Read More

SEC Blockchain Panel at Berkeley: Still Plenty of Work as Regulators Figure Things Out

This past week, Blockchain at Berkeley was the host to an ICO Financing Conference. Participating at the event were representatives from the Securities and Exchange Commission (SEC). Blockchain at Berkeley is a student run, independent organization dedicated to the crypto and distributed ledger space. The… Read More

ICO Advisors: Are they Broker-Dealers or Finders?


Despite the record success of many initial coin offerings (ICOs), raising capital for ICOs is a difficult process.  It is tempting to accept help anywhere one can get it, and there is no shortage of persons and companies clamoring to “find” or refer investors in… Read More

Doing a Concurrent Reg D & Reg S Initial Coin Offering

Initial coin offerings are all the craze, and for good reason.  According to CoinSchedule, over $3 billion has been raised in the first 10 months of October.  The Securities Exchange Commission released an investigative report concluding that DAO tokens were securities, and that scared people… Read More

Don’t Panic! US Securities Exemptions for Initial Coin Offerings

So you were ready to do an initial coin offering (ICO), and then the Securities Exchange Commission released an investigative report concluding that DAO tokens were securities.  Seasoned securities attorneys have always known that token sales could implicate securities laws if the tokens were treated… Read More

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