Cryptocurrency has been on the market for 13 years, but no one has really figured out what do with it. When money market funds were introduced to the public in the 1970s, it took people no time at all to figure out that they could use them in place of bank savings accounts. The return was higher, and the risk was so small as to be practically zero
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By Ann C. Logue In the 13 years since Bitcoin’s introduction, the consensus is that the technology is interesting, but there’s still not much you can do with the actual coins. They change in price with supply and demand, of course, but there are few ways to spend them other than converting them back into
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Crypto might receive widespread adoption sooner if some of its biggest promoters would stop running scams. This week, the SEC charged Craig Sproule, an Australian citizen, with making false, material statements in conjunction with an initial coin offering
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The genius of US securities laws is that they mandate full disclosure but don’t regulate much beyond that—relatively speaking, of course. That’s one reason that companies from around the world do their public offerings in the United States
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Financial fraud doesn’t have to involve real money because there are so many cryptocurrency frauds. This week, the SEC went after BitConnect, a defunct cryptocurrency operation. They charged the company and several principals with defrauding investors and offering unregistered securities through both Ponzi and pyramid schemes
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