Blog Archives

Proposed SEC Rule Change May Unfreeze Bitcoin ETFs

Posted on 6th April, 2018

The U.S. Securities and Exchange Commission (SEC) is reconsidering its position on cryptocurrency-backed securities, potentially clearing the path for several bitcoin-tracking exchange-traded funds (ETFs). The SEC has consistently denied approval to cryptocurrency ETFs, citing “significant investor protection issues” as the primary concern. Late last month, however, the SEC quietly approved a request from the New […]

After SEC contact, Protostarr ICO shuts down and offers refunds

Posted on 6th September, 2017

Late last week, the founders of the Protostarr token announced that they would be immediately halting operations following contact with the enforcement arm of the U.S. Securities and Exchange Commission (SEC). The project will also be returning the 119.5 ETH raised during their ICO (around $40,000 at press time), which launched on August 13th. The […]

SEC Issues Investor Warning On ICOs

Posted on 29th August, 2017

Yesterday, the U.S. Securities and Exchange Commission (SEC) issued an “Investor Alert” about “potential scams involving stock of companies claiming to be related to, or asserting they are engaging in, Initial Coin Offerings (or ICOs).” Given the turbulent and uneasy relationship between the U.S. government and crypto-based startups, this investor warning sent a brief chill […]

Winklevoss Bitcoin Trust amends SEC report, adopts “COIN” ticker symbol

Posted on 3rd July, 2014

The Winklevoss Bitcoin Trust has spent almost exactly one year slogging through the Securities and Exchange Commission (SEC) approval system, with multiple amendments to their filing along the way. In their most recent filing, the Winklevoss twins updated their plans for their bitcoin-backed exchange-traded fund (ETF) with what the Wall Street Journal deemed “minor tweaks” […]

SEC notice reveals over $96 million invested in Pantera Bitcoin Fund

Posted on 10th June, 2014

Last week, bitcoin-investment group Pantera Capital quietly filed a “Form D” notice with the U.S. Securities and Exchange Commission. Under the notice, a privately held company does hot have to register investment funds raised through certain kinds of activity, such as venture capital or angel investments. A Form D notice is a fairly common filing […]

Winklevoss Twins’ plan to list new bitcoin trust on NASDAQ

Posted on 9th May, 2014

It’s no secret that the Cameron and Tyler Winklevoss have high hopes for their soon-to-launch Winklevoss Bitcoin Trust (WBT). What may be more suprising, however, is just how mainstream the “Winklevii” plan to make their new exchange traded fund (ETF). Rather than testing the waters by listing on a smaller exchange, the brothers plan to […]

SEC issues new investor alert about bitcoin scams

Posted on 7th May, 2014

In a new alert issued today, the U.S. Securities and Exchange Commission (SEC) warned investors about the increased risks of fraud from virtual currency-related schemes. The new SEC alert is an update to their previous cautionary release about virtual currencies, which warned of potential Ponzi schemes using digital money. Innovations and new technologies are often […]

Are SatoshiDice and MPEx under SEC investigation?

Posted on 19th March, 2014

If a recent post by often-controversial bitcoin personality Mircea Popescu is to be believed, the U.S. Securities and Exchange Commission has focused their gaze on well-known bitcoin gambling site SatoshiDice. Popescu posted a series of emails he exchanged with SEC senior attorney Daphna Waxman, who was requesting information about the listing of shares of SatoshiDice […]