Search: Bitcoin investors

SEC charges Texas man for defrauding investors in bitcoin Ponzi scheme

The US Securities and Exchange Commission (SEC) has charged a Texas man and his company for defrauding investors using a bitcoin Ponzi scheme. According to the SEC, Trendon T. Shavers, founder and operator of Bitcoin Savings and Trust (BTCST), allegedly used the monikers 'Pirate' and....

SEC Warns Bitcoin's Hype May Put Investors At Risk

The US Securities and Exchange Commission (SEC) has released a new alert, warning investors about the risk of fraud in the digital currency industry. In its latest guidance, the SEC, a federal organisation tasked with enforcing US securities law, advised investors to be wary of promises of large....

SecondMarket Will Open Up Private Bitcoin Fund to All Investors

SecondMarket is planning to open up its private bitcoin investment fund to ordinary investors. The change should be in place by the fourth quarter of 2014, the Wall Street Journal reports. SecondMarket launched its Bitcoin Investment Trust (BIT) last September, but it was reserved for private....

Group of Investors Seek to Buy Mt. Gox And Revive It

The Wall Street Journal reports (paywall) this evening that an investor group "with Hollywood ties" is hoping to buy out disgraced bitcoin exchange Mt. Gox for a whole bitcoin. Yes, you read correctly. One bitcoin, or about $390 at the currency exchange rate. The investors, one of which included....

IOSCO Warns Investors on Crowdfunding & Bitcoin Risks

The International Organization of Securities Commissions – IOSCO – has put crowdfunding on their list of investors risks, together with Bitcoin and other cryptocurrencies. Investors all over the world are looking for ways to diversify their portfolio. Rather than sticking with government bonds,....

Bitreserve Doubles Crowdfunding Goal by Raising $9.5 Million

Setting out to raise $4.6 million in funding, Bitreserve launched their second round of crowdfunding last November. Now the company has raised $9.5 million and is the second largest crowdfunded digital currency project, taking runner-up behind Ethereum's ether sale. The funding was classified as....

Investors File $100 Million Lawsuit against Gemcoin Backers

Investors, who were conned upon investing into a fake cryptocurrency Gemcoin, recently filed a $100 million class action lawsuit against its backers. The complaint, filed at a Los Angeles Superior Court by The Liu Law Firm, named 10 defendants allegedly involved in luring Chinese and US....

SatoshiPoint Backed by 2 Angel Investors

Bitcoin ATM operator SatoshiPoint is now backed by two experienced Angel investors, including Alistair Milne (an investor in several Bitcoin startups and manager of the Altana Digital Currency Fund). The financing will fund the expansion plans of SatoshiPoint and further extend its capabilities,....

A Helpful Guide to Investing in Cryptocurrencies

Investors are always looking to put money into different assets to satisfy their diversification requirements. Equity investors are often seen maintaining a percentage of their portfolios in slightly unrelated asset classes such as gold and real estate. A small section of investors....

Despite Impending Liquidation, American Investors Seek To Revive Mt. Gox

With news this week that disgraced bitcoin exchange Mt. Gox would be liquidated due to complexities in the rehabilitation process, it seemed like the story was just about over for the company. U. S. investors are hoping to keep it going, it seems, attempting to convince a Japanese bankruptcy....

New Pilot Project Lets Investors Buy Stakes with Bitcoin

Swedish Crowdfunding Company FundedByMe recently launched a Bitcoin pilot program that allows investors to buy stakes using the virtual currency. The project was commenced yesterday as a part of analysis to check investors' interest in paying with the internet currency; while, at the same time,....

Bitpay Receives $510,000 From Investors

BitPay has announced that it has secured a funding round of $510,000 from outside investors. The investors include Barry Silbert, founder of SecondMarket, a trading platform used by institutional investors to exchange shares in companies that have not gone public. Jimmy Furland, also of....

Man Who Ran Bitcoin Ponzi Scheme Fined $40M

Trendon Shavers, the man who the Securities and Exchange Commission (SEC) said was running a bitcoin Ponzi scheme, has been ordered to pay a $40 million dollar fine by U. S. Magistrate Judge Amos L. Mazzant for his founding of the "Bitcoin Savings and Trust (BTCST)" organization, which was....

Australian Bitcoin trading platform going global

Popular Australian trading platform Btc.sx is in negotiations with US and Asian investors. Btc.sx is a Bitcoin derivatives trading platform, created in Australia. Operating from their office in Singapore and London, Sydney was more expensive; they offer derivatives. These can best be described....

SecondMarket Welcomes Investors Seeking to Trade 25 BTC Or Greater

It would appear as if the SecondMarket online illiquid asset marketplace has opened its doors to many more investors with the opening of a full-service trading platform. Investors seeking to buy and sell in blocks of 25 BTC (over $12,000 USD at the current exchange rate) can enjoy personalized....

Bitcoin 2 Business Congress will also host a Start-Up Show!

Bitcoin 2 Business main Focus Will Be on Bringing Together Entrepreneurs, Investors, Start-ups and the Most Interesting Personalities in the Industry. Brussels will hold the very firstBitcoin 2 Business (B2B) Congress on 16th - 17th October. It will be the first event with a B2B format meant....

SecondMarket Looks to Make Bitcoin Investment Trust Open to All Investors

We didn't have to wait until Thursday, as SecondMarket CEO Barry Silbert projected to hear this news. The Wall Street Journal is reporting that SecondMarket's Bitcoin Investment Trust could be open to all investors as soon as the fourth quarter of this year. At the present, the fund is open to....

Unete: Bitcoin Scam in Spain Rakes in 50M EUR

A bitcoin scam in Spain has managed to convince 22,000 investors to fork over a total of 50 million EUR to the unete, a digital currency that can allow people to buy or sell things online. This bitcoin scam was started by José Manuel Ramírez Marco in 2013 and, just like virtual currencies, it....

Bitcoin Investment Trust Becomes the First Publicly Traded Bitcoin Fund

The Wall Street Journal reports that Barry Silbert's Bitcoin Investment Trust (BIT) is about to become the first publicly traded Bitcoin fund. The BIT will be an interesting option for traditional investors looking for exposure to Bitcoin who prefer not to trade Bitcoin as currency. The BIT is....

Why is bitcoin so susceptible to fraud?

Bitcoin is trying hard to grow up. As we have seen, when the price of bitcoin rises, there inevitably comes real money to invest in its future. There are still many skeptics out there that don't believe in bitcoin. They don't think that it is real money. They don't think that it has any value.....

Funderbeam: Generating Startup Funding Using Blockchain Technology

Funderbeam, which is a company based in Estonia, is aiming to build a marketplace for startups using blockchain technology. The company was founded in 2013 and has been operating a service that allows investors to fund European startups. Just recently, Funderbeam announced that they would be....

SecondMarket Bitcoin Investment Trust Valued at $61 Million USD

A net asset valuation of SecondMarket's Bitcoin Investment Trust has pegged its value at $61.1 million USD (or 67,300 BTC) in a matter of three months. The trust was established in order to allow institutional investors to dabble into bitcoin - and it's clearly working. Wall Street continues to....

$32 Million Cryptocurrency Scam Ceased by the SEC

The US Securities and Exchange Commission (SEC) has ceased a US$32 million cryptocurrency investment scam created by Steve Chen, who misled hundreds of investors to raise millions of dollars, by claiming that the investment firm US Fine Investment Arts, Inc. (USFIA) was a subsidiary of US China....

Bitcoin Exchange Mycoin Bankrupt: Takes Investors' $390m

Hong Kong-based Bitcoin exchange MyCoin.hk is reported to have gone bankrupt, taking away US$390 million worth investors' funds with it. According to The South China Morning Post, the lost money belongs to a total of 3,000 exploited MyCoin customers who all were promised double returns in over a....

Bitcoin Ponzi Scheme Operator Pleads Guilty to Securities Fraud

Bitcoin Ponzi scheme perpetrator Trendon Shavers has plead guilty to securities fraud, a decision that reverses plea of not guilty submitted in March. Shavers faced up to 20 years in prison for defrauding investors out of an estimated $4.5m while operating Bitcoin Savings & Trust (BS&T). The....

Bill Gross: 'Casino' Markets Are Pushing Investors to Bitcoin

Risky markets and an incapable central banking culture could drive investors into the arms of bitcoin and gold, billionaire asset manager Bill Gross opined in a recent note to investors. Gross, who founded the Pacific Investment Management Co. and now spearheads the Janus Global....


Quotes

Bitcoin is a fixed supply, a first-of-its-kind, global-in-scale, voluntary, decentralized open-source digital currency and payment network that enables direct, peer-to-peer, borderless, pseudo-anonymous, nearly-instantaneous, nearly-free and irreversible cash-like transfers of value. The first currency and money system in the world which has no counter-party risk to hold and to transfer.

Roger Murdock, Bitcointalk Forum Senior Member