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There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington on Monday, SEC chairman […]
The post SEC Chairman Signals a Storm Coming for Fly-by-Night Blockchain ICOs appeared first on Bitcoin News.
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Another month, another ICO lawsuit. This time it’s Giga Watt in the firing line, a startup whose aim is to launch a cryptocurrency mining facility. The company describes itself as “the world’s first full-service mining solution provider” and promises “turnkey mining services”. A group of investors are not impressed though, and have filed a lawsuit […]
The post Bitcoin Mining ICO Giga Watt is Being Sued for Securities Fraud appeared first on Bitcoin News.
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