Tag Archives: cryptocurrency

Expert Shares Thoughts on Reverse Mergers With Crypto Companies

John Lowy of Olympic Capital Group, Inc. often shares featured articles on reverse mergers in the magazine MicroCap Review. In the Spring 2018 Issue of MicroCap Review, Lowy shared an article titled “Reverse Mergers with Crypto Companies–A Craze or Crazy!” Lowy shares some tips for those considering reverse merging with a crypto company –  publish continual and—above all—accurate—information about the

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SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company

On Friday, the SEC announced that it has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals. According to a complaint unsealed on Friday in federal court in Manhattan, shortly after Longfin began trading on

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SEC Investigating Nasdaq Listed Cryptocurrency Reg A

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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OTC Markets Executive Shares Thoughts On MicroCap Pivots to Blockchain

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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Panels for 2018 Planet MicroCap Showcase Announced

This April, The Planet MicroCap Showcase will bring together the most promising companies and the top dealmakers in MicroCap Finance for three days of company presentations, one-on-one meetings, and networking in Las Vegas. Last week, panels were announced for the event. Interesting topics to be covered include: – A Look at MicroCap Stocks: How Exchanges View the Market – What’s Next

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Long Blockchain At Risk of Nasdaq Removal

At the end of 2017, Long Island Iced Tea changed its name to Long Blockchain (NASDAQ: LBCC). Long Blockchain, whose business had primarily been selling soft drinks, said it would seek to partner with or invest in companies that develop the decentralized ledgers known as blockchain, the technology that underpins bitcoin. Upon announcing its move into blockchain, LBCC spiked from

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SEC Suspends Trading in Three MicroCap Issuers Claiming Involvement in Cryptocurrency and Blockchain

Last Friday, the SEC suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP), and Victura Construction Group Inc. (VICT) claimed that CHIT, PDXP, and VICT acquired AAA-rated assets from

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Bitzumi Launches First Cryptocurrency and Blockchain Related Reg A+

Yesterday, Bitzumi announced its Regulation A+ offering with the goal of raising $10 million USD. Co-founded by James Altucher and Scot Cohen, Bitzumi is a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Bitzumi is building a next generation decentralized exchange and acquiring a network of crypto and blockchain related digital

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Long Blockchain Will Not Proceed with Public Offering

At the end of 2017,  Long Island Iced Tea changed its name to Long Blockchain (NASDAQ: LBCC). Long Blockchain, whose business had primarily been selling soft drinks, said it would seek to partner with or invest in companies that develop the decentralized ledgers known as blockchain, the technology that underpins bitcoin. On January 5th, LBCC announced the signing of subscription agreements

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