Daily Archives: May 18, 2018, 8:08 am

The SEC’s ICO parody site for “HoweyCoins” is both funny and frightening — Quartz

When you think of the US Securities and Exchange Commission, “fun” isn’t the word that usually comes to mind. That’s especially true when it comes to its approach to initial coin offerings (ICOs), which are increasingly in the agency’s crosshairs for serious enforcement actions. But this week the watchdog staged a fake ICO to warn investors about the risk of…

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Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud – WSJ

Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors. In a review of documents produced for 1,450 digital coin offerings, The Wall Street Journal has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams. via Buyer…

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