QBie™ Spotlight joins John Eagleton, CEO of Cryptanite Blockchain Technologies Corp. (OTCQB: CRBTF), to discuss one of the OTCQB’s newest additions. CRBTF joined the OTCQB on June 26, 2018. Cryptanite also trades under CSE: NITE and FRA: AA98. What does Cryptanite do? John Eagleton (CEO – OTCQB: CRBTF): “Cryptanite is a blockchain technology company leveraging the power of blockchain technologies to
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This week, the Securities and Exchange Commission obtained permanent officer-and-director and penny stock bars against the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California. According to the SEC’s order, David T. Laurance and Tomahawk Exploration LLC attempted to raise money through the sale of blockchain-based digital tokens called
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Long Blockchain Corp. (OTC: LBCC) has had a roller coaster few years. The company, formerly know as Long Island Iced Tea, uplisted from the OTC to the Nasdaq in 2016. Since uplisting, the company pivoted away from iced tea and into blockchain, was de-listed from the Nasdaq, and is currently listed on the OTC Pink “No Information.” Because LBCC is currently delinquent
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On Monday, the Securities and Exchange Commission charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. According to the SEC’s complaint, attorney T.J. Jesky and his law firm’s business affairs manager, Mark F. DeStefano, made approximately $1.4 million by selling shares in UBI Blockchain Internet Ltd. over a
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In April 2016, Elio was the first company to raise capital online and go public on OTCQX under the JOBS Act Regulation A+. In the initial months following its IPO, ELIO traded at about $20 per share but has lately traded in the $3 per share range. Crowd investors during the Reg A+ round purchased shares for $12 per share. Elio
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In a recent LinkedIn post, Darren Marble of CrowdfundX shared five realities for US blockchain companies looking to Reg A+ for their Security Token Offerings (STOs). According to Marble “US blockchain companies are now looking to Reg A+ to run their Security Token Offerings (STOs). However, it seems that there are many misconceptions.” 1. You need an auditor. Reg A+ requires
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Starting in late 2017, many microcap companies pivoted to blockchain or crypto business models. In a similar fashion to the microcap companies that pivoted to cannabis a few years ago, companies who entered the crypto business saw their stock prices pop. We’ve compiled some of our most popular articles on MicroCap Crypto Companies below. August 2017 – SEC Suspends
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On Tuesday, Long Blockchain Corp. (NasdaqCM: LBCC) announced that the Company received a delisting determination letter from the Hearings Panel of The Nasdaq Stock Market relating to the Company’s common stock. In December, Long Island Iced Tea Corp. rebranded as “Long Blockchain Corp.” and saw its stock price rise to highs of about $10. LBCC currently sits at around $1 with
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The SEC is investigating trading activity in shares of LongFin Corp (Nasdaq: LFIN) according to a 10-K the company filed this week. LongFin’s stock had soared more than 1,000 percent in two days after the company announced in mid-December it was buying a microlending company using the same blockchain technology as bitcoin. The blockchain connection and related price spike made
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Last week, Business Insider spoke with Jason Paltrowitz, executive vice president at OTC Markets, about the ongoing cryptocurrency and blockchain craze. Many microcap issuers have added blockchain elements to their business descriptions in recent months. As a result, the stock prices of many of these issuers have spiked. “Some of its kind of funny, companies that one day were making
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