Tagged: perspective

September 9, 2018 @ 9:30 pm By Steven McClurg and Katie Talati  |  

As the second largest world economy, China is important to examine when considering the crypto market. For most of us, the world revolves around markets, news, and innovation within the United States. However, many may be missing moves made by the Chinese government as it… Read More

September 9, 2018 @ 3:13 pm By JD Alois  |  

Multiple reports have indicated that 29 firms have made the cutoff for the first batch of virtual banking licenses in Hong Kong. Announced in September 2017, the push for digital banks in Hong Kong was designed to “bring Hong Kong into a New Era of… Read More

September 7, 2018 @ 4:08 pm By Stephanie Vaughan  |  

Blockchain, as we all know, is the technology behind cryptocurrencies, such as Bitcoin, and now it is all set to revolutionize the music industry.  Other industries across domains have started leveraging Blockchain technology to explore functions such as transparency, automation of execution, direct payments in… Read More

September 6, 2018 @ 7:00 pm By Alexander Dunaev  |  

Wonga enjoyed a meteoric rise to fame. The company achieved £300 million of revenue in 2012, just six years after it was founded. Managing growth of this nature is enormously challenging and one doesn’t need to look far to spot similar issues at other warp… Read More

September 4, 2018 @ 9:33 pm By Brian Dally  |  

The idea of banking has been around for thousands of years. Archaeologists traced its origins back to ancient Mesopotamia, where tablets show that individuals recorded lending transactions. Then, as civilization created value for items like grain, rare jewels and, eventually, coinage and cash, banking practices… Read More

September 3, 2018 @ 6:23 am By Aubrey Hansen  |  

One of the most significant impediments to mass cryptocurrency adoption is the lack of trust and security in the industry. Users have witnessed or experienced themselves a plethora of malicious attacks and illegitimate business practices on trading exchanges which leave them less prone to being… Read More

August 31, 2018 @ 9:36 am By JD Alois  |  

The current definition of an accredited investor is profoundly flawed and a travesty of rule making. Everyone knows it. As it stands today, an accredited investors must earn at least $200,000 (jointly $300,000) or have a net worth of $1 million beyond a primary residence…. Read More

August 29, 2018 @ 5:10 pm By JD Alois  |  

Speaking at the 36|86 Entrepreneurship Festival in Nashville today, Securities and Exchange Commission (SEC) Chairman Jay Clayton addressed the all important topic of entrepreneurship and access to capital. During his tenure at the SEC, Clayton has consistently expressed his intent to improve the ability of smaller… Read More

August 28, 2018 @ 9:15 pm By JD Alois  |  

Last week, the Virtual Commodity Association (VCA) officially launched and quickly scheduled a meeting for September. The inaugural members included several well-known names in the virtual currency sector. Bittrex, Bitstamp, bitFlyer USA and Gemini Trust Company were announced as founding members. At the same time, Maria… Read More

August 27, 2018 @ 8:13 pm By Samuel Guzik  |  

President Trump:  It’s High Time for a few More Tweets to SEC Chairman Jay Clayton Any good litigator can tell you that the difference between success and failure is often the ability to ask the right questions – at the right times – and asking… Read More

August 26, 2018 @ 6:00 pm By Steven McClurg  |  

The SEC Rejects Bitcoin ETF Proposals. The SEC has rejected nine more Bitcoin ETF proposals, one of them from a fairly well-established ETF distributor, ProShares.  The ProShares filing was due for comments on Thursday, but the SEC promptly responded a day early, as well as… Read More

August 26, 2018 @ 4:12 pm By Cali Haan  |  

Turkish-American economist, professor and blockchain/crypto skeptic Nouriel Roubini spent the 25-minutes allotted him as an opening speaker at BlockShow Vegas this week systematically taking down the sacred cows notions of blockchain crypto. Roubini also had choice words for so-called utility tokens, which he characterized as… Read More

August 24, 2018 @ 7:30 am By Onki Kwan  |  

The vision Behind Regulation Crowdfunding Regulation Crowdfunding (Reg CF) allows any business to raise up to $1.07 million without a public registeration with the Securities Exchange Commission (“SEC”). The idea behind Regulation Crowdfunding is to enable small businesses and startups to leverage the advertising power… Read More

August 23, 2018 @ 7:31 pm By JD Alois  |  

Marcus began its existence as a mere online lender seeking to provide consumers with affordable credit all online. But as time moves on, it is becoming more clear that Marcus is being positioned as not just providing loans but becoming the bank of the future:… Read More

August 22, 2018 @ 11:07 pm By Christopher Sands  |  

Lawyers are being pulled into crypto startups at an astonishing rate.  On nearly a daily basis, we are seeing high quality founders / projects seeking to hire lawyers in the space.  Over the last month, our General Counsel network has seen no less than ten… Read More

August 21, 2018 @ 10:49 pm By JD Alois  |  

Last week, CI reported on a class action lawsuit filed against Unikrn and their initial coin offering (ICO). The company raised approximately $30 million in an ICO in late 2017. Unikrn was founded by Rahood Sahul, who is no neophyte when it comes to tech and venture capital…. Read More

August 20, 2018 @ 8:24 pm By JD Alois  |  

The initial coin offering (ICO) frenzy is a starting to move beyond its toddler years. After a slow start, ICOs rocketed into public awareness with high profile funding rounds and ridiculous scams accompanied by heightened speculation on unregulated crypto exchanges. Crowdsales generated offerings in the… Read More

August 19, 2018 @ 5:46 pm By Steven McClurg  |  

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More

August 16, 2018 @ 6:13 pm By Dror Futter  |  

Summary:    The SEC has issued a Cease & Desist Order and sanctions against a token issuer and its founder.  Among several findings, the SEC determined that the “Bounty Program” run by the issuer constituted a securities offering.  The Order states “a ‘gift’ of a… Read More

August 15, 2018 @ 4:22 pm By JD Alois  |  

Even while crypto is tanking inciting fears of crypto doom, Coinbase marches onward ignoring the daily vacillations of the market. In a report from Bloomberg today, Coinbase CEO Brian Armstrong shared that during 2017 they were signing up a whopping 50,000 each and every day. He… Read More