Karma is real. Just as the crypto community was – not so secretly – displaying its joy over Facebook’s historic stock loss, bitcoin’s price took a surprising drop below $8,000. A reaction to the news that bitcoin exchange-traded fund (ETF), one proposed by brothers and co-investors Tyler and Cameron Winklevoss, had been rejected for the second time, it…


HoweyCoins: The SEC’s Way to Say “Don’t Buy that ICO” “The SEC Has an Opportunity You Won’t Want to Miss: Act Now!”, the title for an official press release for a fraudulent coin offering from the SEC reads. That opportunity is HoweyCoins, “an all too good to be true investment” that “isn’t real,” the release…

Sometime you have to act like a huckster to catch a huckster. The Securities and Exchange Commission on Wednesday made like an excitable late-night infomercial announcer as it amped up its battle to warn investors against possible too-good-to-be-true crypto-asset come-ons. “The SEC Has an Opportunity You Won’t Want to Miss: Act Now!” the regulator screamed…

U.S. regulators are still looking into cryptocurrencies and initial coin offerings, but don’t aim to suppress the industry, according to comments made during a panel at CoinDesk’s Consensus 2018 conference in New York. Commodity Futures Trading Commission (CFTC) enforcement director James McDonald, Securities and Exchange Commission (SEC) Enforcement Division Cyber Unit chief Robert Cohen and associate…

Cryptocurrencies, the savior of the world’s financial system or a “noxious poison,” depending on who you talk to, are woefully good targets for fraud. The currencies themselves are so new and volatile that they’re extremely vulnerable to pump-and-dump schemes, while the “initial coin offerings” that have sprung up thanks to Bitcoin’s popularity have such a…

Overstock.com is being investigated by the Securities and Exchange Commission regarding its activity in the cryptocurrency field. A company subsidiary, tZero, is hoping to raise $250 million through a token sale. But in an 8K filing Thursday morning, the online retailer said the SEC’s enforcement division requested “certain documents related to the offering and the…