Tag Archives: cryptocurrency

SEC Suspends Trading in OTC Company for Making False Cryptocurrency-Related Claims

On Monday, the Securities and Exchange Commission suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock. The SEC’s trading suspension order says that two August 2018 press releases issued by Nevada-based American Retail Group, Inc.

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Transfer Online Building New Products To Support STOs & Related Crypto-Assets

Sponsored Transfer Online, Inc, a technology leader in the financial services sector since its inception, recently announced a partnership with Marko Nikolovski to build new products related to the STO (security token offerings) and crypto space. Marko Nikolovski is a technologist & technical trainer with over 10 years’ of experience in cutting-edge technologies. Nikolovski’s experience ranges from R&D, operations, &

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Five Takeaways For Blockchain Companies Looking to Reg A+ For Security Token Offerings (STOs)

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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Last Eight Months Have Been a Roller-Coaster For MicroCap Crypto Companies

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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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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