A California-based company has refunded tokens sold in a $15 million initial coin offering following an investigation by the U.S. Securities and Exchange Commission (SEC). The SEC announced today that Munchee Inc. had provided refunds to investors after officials made contact and drew issue with its token sale, which the agency said constituted the offer and sale of unregistered securities. The development represents the latest high-profile move by the agency to regulate initial coin offerings, coming roughly a week after the SEC filed a fraud suit against the organizer of the…
Day: December 11, 2017
Bitcoin Open Looks Bad to Developers, Says Brown
Dec.11 — Aaron Brown, former managing director and head of financial market research at AQR Capital Management, explains what bitcoin means to the tech startup market and examines the debut of bitcoin futures. He speaks on “Bloomberg Daybreak: Americas.” source
Pantera Invests $3 Million in Sharing Economy Token Origin
It can be said the sharing economy brought the internet into the real world, helping it move real items rather than just information. On today’s web, though, if you want to rent out your camera or desk, you need a specific site for each one (think Airbnb, 99 Designs or DogVacay), and each site takes a hefty cut from every sale. The founders at Origin, however, envision a world where entrepreneurs would build specific interfaces for each business area, all of which would share one giant pool of customers to…
Bitcoin’s Futures Debut ‘Very Orderly,’ Says Bauer
Dec.11 — Scott Bauer of Trading Advantage discusses the debut trade of Bitcoin futures. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak Americas.” source
Shiller Says ‘Investors in Bitcoin Are Having Fun’
Dec.11 — Robert Shiller, professor of economics at Yale University, discusses the legitimacy of bitcoin and why investors are looking at the cryptocurrency. He speaks with Michael McKee on “Bloomberg Surveillance.” source
Natixis CEO Says No Interest in Trading Bitcoin Today
Dec.11 — Laurent Mignon, chief executive officer at Natixis, discusses green bond investments, Brexit negotiations, and his firm’s approach to bitcoin. He speaks from Climate Finance Day 2017 in Paris, France. source
JPM’s Normand Says Exchanges Erode Bitcoin Rationale
Dec.11 — John Normand, head of cross-asset fundamental strategy at JPMorgan Chase, discusses the start of Bitcoin futures trading and what it means for the future of the cryptocurrency. He speaks with Bloomberg’s Guy Johnson on “Bloomberg Surveillance.” source