Tag Archives: Investors

New Crypto Investors Should Ignore Volatility, Hold for Five Years

Bitcoin advocate Charlie Shrem has said that new crypto investors should not be spooked by the volatility of the asset class, but should rather select a token near the top end of the market and adopt a long term investment position. Continue reading New Crypto Investors Should Ignore Volatility, Hold for Five Years

Cryptocurrency issuers clean up, shun U.S. investors as SEC gets tough

Tech start-ups that issue digital tokens to raise funds are falling in line with U.S. securities laws or seeking legal ways to skirt them after the Securities and Exchange Commission (SEC) said it planned to regulate the market. Continue reading Cryptocurrency issuers clean up, shun U.S. investors as SEC gets tough

Overstock.com Moves Forward With Its Token Sale

Overstock.com, the e-commerce leader that has embraced bitcoin and became the first company to solicit qualified institutional buyers in a digital corporate bond, has announced the subsequent sale period for its tZERO preferred equity tokens. The offering has been extended until 5 p.m. EDT on May 14, 2018. Overstock.com has begun the subsequent sale period for its tokens after raising $100 million in its pre-sale from strategic purchasers at discounted prices. During the subsequent sale period, purchasers will claim rights to acquire tZERO security tokens, pursuant to Simple Agreements for Future Equity (SAFEs), at a fixed price of $10.00 per token, subject to discounts and other concessions. Continue reading Overstock.com Moves Forward With Its Token Sale

132 Crypto Investors Sue Hacked Exchange Coincheck

132 crypto investors have filed a lawsuit against the Japanese-based crypto exchange Coincheck, seeking 228 mln yen (around $2 mln) in damages, local news outlet Sankei reported Tuesday Feb. 27. Coincheck suffered a major hack in late January that resulted in the theft of more than 523 mln NEM, worth around $530 mln at the time. The exchange has since promised to refund all of its customers in full at a rate of about 82 cents per token. Despite the company’s refund promise, ten crypto traders had already filed lawsuits against Coincheck on Feb. 15 at the Tokyo District Court over the company freezing crypto withdrawals. Coincheck began allowing yen withdrawals on Feb. 12, which settled one of the claims against the exchange. At the time of the Feb. 15 lawsuit, the traders’ lawyer, Hiromu Mochizuki, told Reuters that a new lawsuit to claim damages for the hack may be forthcoming. This newest lawsuit with 132 claimants seeks payment in 13 types of currency, including yen, Sankei reports. Mochizuki’s Twitter bio describes him as the “Secretary General of Coincheck Damage Counterparty Lawyer,” and he often links to the Twitter page of the so-called “Coincheck Damaging Countermeasure Defense Team.”

Reference: https://cointelegraph.com/news/japan-132-crypto-investors-sue-hacked-exchange-coincheck-seek-reimbursement