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Marathon Digital Holdings (MARA) announces a proposed $250 million private offering of convertible senior notes to acquire bitcoin and for corporate purposes. (Read More)
The English Football League participant aims to sell 10% of the clubs equity to investors and fans and plans to add token trading in the future.
eToro Group Ltd (eToro), a leading global social investment network, has announced the launch of its initial public offering (IPO) roadshow.
Semler Scientific has announced a significant loss on paper due to the fluctuating value of Bitcoin. The company is now considering selling securities to mitigate this loss. This financial move comes as Semler Scientific grapples with the impact of the volatile cryptocurrency market on its balance sheet. Semler Scientific’s decision to report a paper loss [...]
The post Semler Scientific reveals $42 million loss on Bitcoin investment, announces $500 million stock offering appeared first on Crypto Breaking News.
MetaPlanet, a leading investment firm, has recently issued $13.3 million in bonds with the intention to acquire Bitcoin. This move signifies a growing trend among institutional investors to diversify their portfolios by including the popular digital asset. MetaPlanet’s decision to issue bonds for the purpose of investing in Bitcoin highlights the increasing acceptance and recognition [...]
The post Japanese Company Metaplanet Announces $13.3 Million Bond Offering to Expand Bitcoin Holdings appeared first on Crypto Breaking News.
Circle, a prominent financial technology company, has officially submitted its initial public offering (IPO) documents to the United States Securities and Exchange Commission (SEC). This move marks a significant milestone for the company as it seeks to go public and offer its shares to the public for the first time. The IPO filing comes at [...]
The post Exciting IPO News: Circle Files for Public Offering in April 2022 appeared first on Crypto Breaking News.
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running Unregistered Securities Offerings The SEC complaint alleges that beginning in December 2019, [...]
The post SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex appeared first on Crypto Breaking News.
Thailand’s Securities and Exchange Commission (SEC) plans to lift restrictions on retail investment in initial coin offerings (ICOs). The SEC aims to permit bigger investments in asset-backed ICOs, including those backed by real estate and infrastructure. (Read More)
MARA Holdings Announces $2 Billion Stock Offering to Increase Bitcoin Holdings In an unprecedented move, MARA Holdings has disclosed plans for a $2 billion stock offering, signaling their intention to bolster their existing Bitcoin holdings. This strategic decision comes at a time when the cryptocurrency market is experiencing remarkable growth and widespread adoption. The decision [...]
The post MARA Holdings Unveils Massive $2 Billion Stock Offering to Expand Bitcoin Investments appeared first on Crypto Breaking News.
MARA Holdings launches a $2 billion stock offering to acquire more bitcoin, boosting its position as the second-largest holder among public companies.
Strategy Inc. has recently revealed its plan to invest in Bitcoin by purchasing $10 million worth of preferred stock. This move demonstrates their confidence in the cryptocurrency market and highlights their strategic investment approach. By utilizing preferred stock, Strategy Inc. aims to secure a fixed dividend payment before common shareholders receive any dividends. This not [...]
The post Strategy Reveals Exciting 10% Preferred Stock Offering to Expand Bitcoin Investment appeared first on Crypto Breaking News.
Bakkt, the renowned cryptocurrency platform, has recently appointed a new Co-CEO as part of its strategy to shift its focus towards digital assets. The decision to name a Co-CEO comes as Bakkt aims to bolster its position in the crypto market and adapt to the evolving landscape of the industry. The newly appointed Co-CEO, whose [...]
The post Bakkt appoints new co-CEO as focus shifts to cryptocurrency offerings appeared first on Crypto Breaking News.
Robinhood, a popular stock and cryptocurrency trading platform, has recently added two meme-inspired cryptocurrencies to its lineup. The platform now supports Pengu and Popcat, two tokens that have gained popularity within the meme coin community. Pengu and Popcat are considered “memecoins,” a term used to describe cryptocurrencies that are created as a joke or based [...]
The post Robinhood Adds PENGU and POPCAT to Crypto Offerings in Expansion Effort appeared first on Crypto Breaking News.
BlackRock, a prominent investment management company, has recently included a Bitcoin exchange-traded fund (ETF) in its $150 billion model portfolio product. This move highlights the increasing acceptance and adoption of cryptocurrencies by mainstream financial institutions. Adding a BTC ETF to its portfolio signifies BlackRock’s recognition of the growing importance of digital assets in today’s investment [...]
The post BlackRock Includes Bitcoin ETF in $150 Billion Model Portfolio Offering appeared first on Crypto Breaking News.
<p>The Founder and Chief Executive of Titanium Blockchain Infrastructure Services (TBIS) received a prison sentence of four years and three months for defrauding initial coin offering (ICO) investors of $21 million. </p><p>Titanium Blockchain CEO Receives Sentencing </p><p>The sentencing came after Titanium Blickchain’s CEO, Michael Alan Stollery, <a href="https://www.financemagnates.com/cryptocurrency/news/titanium-blockchain-ceo-pleads-guilty-to-21-million-ico-scam/" target="_blank" rel="follow">pled guilty to one count of securities fraud</a> last year. The maximum sentencing for that charge is up to 20 years, but Stollery only received a third of it. </p><p>The US Securities and Exchange Commission (SEC) acted on Titanium ICO before criminal charges were brought against Stollery. The regulator stopped the ICO in May 2018 after it <a href="https://www.financemagnates.com/cryptocurrency/news/us-sec-charges-australian-man-for-41m-ico-fraud/" target="_blank" rel="follow">defrauded ICO investors</a> in the US and abroad. The fraudulent project raised $21 million in merely three months, from December 2017 until March 2018, when the ICO market peaked. </p><p>Another Fraudulent ICO </p><p>Titanium Blockchain offered cryptocurrency investment opportunities through its native token, BAR. However, Stollery promoted the ICO to investors with a series of false and misleading statements. Through its white paper ad social media promotions, the fraudulent project was touted to have relationships with the Federal Reserve and dozens of prominent companies, including PayPal, Boeing, and Walt Disney. </p><p>In the guilty plea, the 54-year-old CEO admitted to falsifying the promotional documents to lure investors. </p><p>The extension of the fraudulent ICO went further as Stollery did not invest the collected funds in any blockchain development. Instead, he misappropriated the ICO funds comingling with his personal funds, using a portion of it for personal expenses, including purchasing a condominium in Hawaii. </p><p>The authorities categorized the BAR token as unregistered security and blamed Stollery for failing to register with the SEC or receive an exemption from registration requirements.</p><p>A Failed Exit Strategy</p><p>The <a href="https://www.financemagnates.com/cryptocurrency/news/sec-stops-titanium-ico-defrauding-investors-21-million/" target="_blank" rel="follow">actions of the securities regulator</a> against Titanium Blockchain came after the project announced the theft of a massive amount of tokens from its wallets. The revelation in February pushed the BAR token prices down by 95 percent, forcing cryptocurrency exchanges to halt trading it.</p><p>US law enforcement has criminally persecuted the mastermind of several cryptocurrency frauds. Earlier this month, <a href="https://www.financemagnates.com/cryptocurrency/crypto-miner-gets-3-years-in-us-prison-for-fraud/" target="_blank" rel="follow">Chet Stojanovich received a three-year jail sentence</a> for scamming more than a dozen cryptocurrency mining equipment buyers of over $2 million. Moreover, he was ordered to forfeit more than $2.15 million and provide restitution of over $2.1 million for the victims. </p><p>On top of that, the mastermind behind the fraudulent forex and cryptocurrency trading platform <a href="https://www.financemagnates.com/cryptocurrency/eminifx-leader-pleads-guilty-to-248-million-fx-and-crypto-fraud/" target="_blank" rel="follow">EminiFX</a>, Eddy Alexandre, pled guilty to soliciting more than $248 million in investments from tens of thousands of investors. He pled guilty to one count of commodities fraud and now faces a maximum prison time of 10 years. Furthermore, he agreed to forfeit about $249 million and pay restitution to the victims.</p> This article was written by Arnab Shome at www.financemagnates.com.
Michael Alan Stollery raised around $21 million from late 2017 to early 2018 through his fraudulent investment platform TBIS.
Quantstamp has agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million.
Crypto exchange Binance has been ordered by Belgium’s Financial Services and Markets Authority (FSMA) to cease providing any crypto exchange and custody wallet services in the country. The Belgian financial regulator stressed that it “takes the view that by offering such services in Belgium from countries that are not members of the European Economic Area, [...]
The post Binance Ordered to Cease All Crypto Services in Belgium appeared first on Crypto Breaking News.
ParagonCoin, a crypto startup backed by rapper The Game, had its license revoked by the SEC for violating securities laws by failing to file periodic reports. The startup had held a $70 million initial coin offering in 2017, and in 2021, was found liable for more than $12 million in a class-action lawsuit. Meanwhile, other rappers like Snoop Dogg and Eminem are entering the Web3 space with NFTs and new startups. (Read More)
The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines, and forced refunds against SBF and FTX US.
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