ere's the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits accusing the company of fraud...
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Tag Archive: U.S. Securities and Exchange Commission
The World’s Largest ICO Is Imploding After Just 3 Months
Earlier this summer, Tezos smashed existing sales records in the white-hot IPO market after the company’s pitch to build a better blockchain for cryptocurrencies made it one of the buzziest ICOs in the world. As we noted at the time, the company capitalized on that buzz by courting VC firms and other institutional investors with a $50 million token pre-sale. After the company opened up selling to the broader public, demand soared as investors...
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Bitcoin Fork, Hyped ICOs – Immutable Gold and Silver
Latest developments show risks in crypto currencies. Confusion as bitcoin may split tomorrow. SEC stepped into express concern over ICOs. ICOs have so far raised $1.2 billion in 2017. ICOs preying on lack of understanding from investors. Physical gold not vulnerable to technological risk. Beauty and safety in simplicity of gold and silver.
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Switzerland Opens Door To Bitcoin Asset-Management Business
Bitcoin and other cryptos have fallen sharply over the past month in a shakeout that saw some of the early longs decide to take their winnings and walk away. But a 20% drop from the all-time highs hasn’t done much to temper wealthy investors interest in bitcoin and other cryptocurrencies as alternative investments potentially worthy of diversification.
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We’re All Hedge Funds Now – Central Banks Become World’s Biggest Stock Speculators
At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that’s not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which means recent events are completely predictable.
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