SEC Actions This Week: Of Memes and G-Men Sep3

Posted by & filed under Blockchain/Cryptocurrencies, Fraud.

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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FinTech Discussion: Theme #2 Digital Currencies Feb26

Posted by & filed under Blockchain/Cryptocurrencies.

We believe a currency has to satisfy two key issues to be considered a viable currency. First, it needs to be a “medium of exchange” and one needs to be able to use it as a payment mechanism. Second, it needs to be a “store of value.” In our opinion, Bitcoin fails as a payment mechanism for legitimate commercial transactions, but it is gaining traction as a store of value.

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