Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived The...
A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been deceived. However, about half (50%) of the 600 U.S. investors that took part in the survey replied no when asked the same questions. Divergent Views The survey, which sought to gauge investor sentiment in the aftermath of the 2017 ICO craze, also found that over half of the 33% who said yes think....
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New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed.
Letitia James Issues Investor Alert on Cryptocurrency
New York Attorney General Letitia James issued an investor alert on cryptocurrency Monday. “Many high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have....
It has been proven that many companies that lure people into investing funds for mouth-watering profits are fake. Almost all of them — intentionally — cut investors from their investments. Telegram-based Bitcoin investment bot Lara recently released an ideology paper explaining how they mean to place communication and transparency at the centerstage of their services. The announcement come in the wake of growing uncertainty in online investment sector. It has been proven that many companies that lure people into investing funds for mouth-watering profits are fake. Almost all of them —....
“I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint,” said New York Attorney General Letitia James. New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower.In a Monday notice, James called on New York-based crypto users who have been locked out of accounts at exchanges or lending platforms, unable to access funds, or “deceived about their cryptocurrency investments” to contact the Office of....
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto journalist Colin Wu, Jihan Wu and Micree Zhan reportedly agreed to arrange a $600 million compensation in favor of Jihan Wu, while Zhan will retain the control of the mining hardware manufacturer company operations. However, as part of the settlement, Zhan....
Bitcoin investors rejoice as the cryptocurrency beat all global fiat currencies yet again in 2016. Cryptocurrency trading can provide a couple of advantages for investors over conventional trading as economists tend to distort traditional markets, whether intentionally or not. Reality vs. Economists’ Perception. Investors believed in the dismal science of economic analyses and ratings like religious zealots. Often, the economists’ views on the markets surfaced as meticulous mathematical outputs and philosophies. But the truth may be further than it seems. In the attempt to understand the....