Tag Archives: cryptocurrency

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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MicroCap Companies Jump Into Crypto (and their stock prices jump)

Last week, everyone was talking about Long Island Iced Tea changing its name to Long Blockchain. Long Blockchain, who was primarily in the business of selling soft drinks, saw a big jump in their stock price. Long Blockchain isn’t the only microcap company jumping on the block chain bandwagon. In a recent Bloomberg article, the author looks at other companies that

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SEC Suspends OTC Crypto Company

  Last week, the SEC temporarily suspended trading in shares of The Crypto Co. (OTC: CRCW) on concerns about “accuracy and adequacy” of information about the company. According to CRCW press releases, the company “is one of the first publicly traded technology companies in the digital currencies and blockchain sector. The Crypto Company offers a portfolio of digital assets, technologies, and

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Microcap Stocks Surge on Cryptocurrency Initiatives

On Monday, three of the top four most actively traded U.S. stocks were all either riding a cryptocurrency-fueled surge, or pulling back from one. Digital Power Corp (NYSE Mkt: DPW), Marathon Patent Group (NASDAQ: MARA), and Riot Blockchain (NASDAQ: RIOT) all saw tremendous volume because of their crypto-related business. DPW’s market value jumped from $12 million on Friday to over $40 million

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OTC Markets Stands Ready For ICO Trading

Last week, a user on the Crowdfunding Professionals Association’s website asked Jason Paltrowitz about the OTC Markets and ICOs (or initial coin offerings). Specifically, Paltrowitz was asked “Do you expect ICOs to have any impact on the business of OTC Markets?” Paltrowitz answered; “We stand ready to have ICOs trade on our market as they become registered securities. In that

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SEC Suspends Trading of Another OTC Cryptocurrency Company

Last week, the SEC suspended trading in First Bitcoin Capital Corp. (OTC: BITCF), a company engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. According to company press releases, BITCF is “the first publicly-traded cryptocurrency and blockchain-centered company “. BITCF’s stock is up over 6000% in 2017. Upon suspension on August 24, 2017, BITCF had a

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