SEC Details Reasons For ICO ‘Suspensions,’ Warns About Pump-And-Dump

SEC Details Reasons For ICO ‘Suspensions,’ Warns About Pump-And-Dump

admin Bitcoin Regulations, bitcoin scams, Blockchain News, Blockchain Start-Ups, ICO's 0 Comments

The US Securities and Exchanges Commission (SEC) has issued a warning about ICOs and reasons it could “suspend” them in future. A circular from the regulator’s Office of Investor Education and Advocacy Monday focuses on “potential scams involving stock of companies claiming to be related to, or asserting they are engaging in” ICOs. In the bulletin, the SEC highlights three reasons it could “suspend trading” for “public interest” if an ICO provider is found to have fallen short of the law. These are: “A lack of current, accurate, or adequate information about the company – for example, when a company has not filed any periodic reports for an extended period; Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status and financial condition; or Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.” The update follows legislative clarifications from the SEC last month, in which it stated it would look at tokens on a case-by-case basis to establish whether or not each constitutes a security under its jurisdiction. In an explicit nod to some of the more volatile tokens which have entered …

The Bitcoin Scam Test – 10 Tools to Determine if a Bitcoin Business is Legit

admin bitcoin scams, Bitcoin Tools, Guides 0 Comments

In this post you will learn how to spot a Bitcoin scam, using free and simple tools. With so many new Bitcoin services showing up every second it’s sometimes hard to tell who’s legit and who is a scam. I have to admit that I can also get fooled by some of these sites since scammers have become pretty elaborate in their ways of hiding their true nature. However, using a specific toolset you can come to a fair assessment if a specific Bitcoin business is indeed a scam. This toolset is comprised out of different online tools which will help you learn about any Bitcoin site’s reputation throughout the web. Hopefully next time you encounter such a business you’ll use the process I’m about to explain and decide for yourself if the business is legit. I recommend you bookmark this page so you can refer to it later on when you encounter a business that needs to be put to “The Bitcoin Scam Test”. Tool #1 – Bittrust reviews Bittrust is a website that was formed in order for people to review other Bitcoin businesses. Using the search bar on the top it’s pretty easy to find many reviews about different …