cryptocurrency

George Popescu Steps Down From Lampix

May 13, 2019
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George Popescu is stepping down from Lampix, the augmented reality lamp company he founded, according to an announcement. Lampix raised $14.2 million through its sale of PIX tokens in a 2017 Initial Coin Offering (ICO). PIX sold at a price of 12 cents each but the value has since plummeted by more than 95%. Popescu […]

Former Award Winning Fintech Journalist Tied To Shuttered Crypto Exchange in Hong Kong

April 25, 2019
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When a cryptocurrency exchange in Hong Kong was Court ordered into liquidation last month, few people in the US had any bitcoins at risk. But a familiar name resurfaced, George Popescu, the owner of Lending Times, the award winner for best journalist at Lendit Fintech’s 2017 conference in New York City, and the subject of […]

Signature Bank Partners with trueDigital

December 4, 2018
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Today, Signature Bank unveiled a proprietary digital payments platform for its commercial clients, according to a statement released by the bank. The platform, called Signet, is designed to allow Signature Bank’s commercial clients to make real-time payments in U.S. dollars, every hour of the year. “The ability to transmit funds between approved, fully vetted commercial […]

ICO Connected to George Popescu Settles With SEC, Must Return Millions to Investors

November 16, 2018
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A Boston based startup that raised $15 million in funds via an Initial Coin Offering (ICO) must return the money to investors and pay a $250,000 fine, the SEC announced. AirFox, who must make those payments in accordance with an SEC settlement, introduced a plan in 2017 to provide free data to mobile phone users […]

1st Global Capital’s Activities Spilled into Cryptocurrency and ICOs

September 14, 2018
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cryptocurrency ban

Curious details are emerging in the wake of the 1st Global Capital bankruptcy and subsequent SEC charges. Among them is that $161,000 of company funds were used to purchase cryptocurrency. Many of those purchases were made in February of this year for a total of $92,492. The cryptocurrency market has slumped since then. Bitcoin, for […]

Bitcoin Continues to Drop Following Report That Goldman Scrapped Plan for Crypto Trading Desk

September 6, 2018
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bitcoin blues

Bitcoin fell about five percent yesterday to below $7,000 after Business Insider published a story saying that Goldman Sachs is dropping its plan to open a trading desk dedicated to cryptocurrencies. The Business Insider story made this claim anonymously, citing people familiar with matter.   Update: Goldman Sachs CFO Martin Chavez discounted the Business Insider report […]

Two-Thirds of Daily Crypto Trade Volume May Be Fake

August 27, 2018
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crypto trading

Two-thirds of daily trade volume in cryptocurrency is faked, according to research published this month by the Blockchain Transparency Institute (BTI). This translates to $6 billion a day, according to the report. What this likely means is that the exchanges themselves are quickly buying and selling cryptocurrency to give the illusion of high activity on […]

As Ripple’s XRP Drops, Legal Trouble Builds

August 15, 2018
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Ripple

Ripple’s cryptocurrency, XRP, has dropped by about 90 percent from a high of $3.84 per token in January of this year to $0.29 today. When XRP hit its high of $3.84, Ripple co-founder Chris Larsen briefly became one of the richest men in the world because of his sizable ownership of the currency, his share […]

Crypto and Blockchain Added to 2019 CFA Exam

July 18, 2018
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Steve Horan Managing Director for General Education and Curriculum at the CFA Institute

Stephen Horan, Managing Director for General Education and Curriculum at the CFA Institute The CFA Institute, which creates the curriculum for the annual Chartered Financial Analyst (CFA) exams, has recently added cryptocurrencies and blockchain as topics for to its tests that are known for their difficulty. The tests are administered in over 170 countries, typically […]

Ripple Sued Again for Alleged Sales of Unregistered Securities

July 5, 2018
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Ripple

Ripple Labs Inc. and the company’s CEO, Bradley Garlinghouse, were sued again last week, according to a complaint dated June 27 and filed in San Mateo County, CA. The plaintiff is California resident David Oconer who alleges, in a class action suit, that Ripple and Garlinghouse “promoted, sold and solicited the sale of XRP.” XRP […]

Facebook Reverses Cryptocurrecy Ad Ban

June 27, 2018
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facebook headquarters

Back in January, Facebook decided to ban all ads for cryptocurrencies. Yesterday, the social media giant changed its mind. In a post on its blog yesterday, the company stated that it will now “allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and […]

Class Action Lawsuit Filed Against Ripple For Sale of Unregistered Securities

May 4, 2018
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Chris Larsen and Jo Ann Barefoot

Above: Ripple co-founder & chairman Chris Larsen speaks on stage at LendIt Fintech last month Ripple’s digital token XRP is a security, a class action lawsuit filed in the Superior Court of California contends. The 32-page complaint brought by XRP investor Ryan Coffey, says the defendants, who include Ripple CEO Brad Garlinghouse, engaged in the […]

Chris Larsen on Crypto, Ripple, and ICOs

April 24, 2018
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Chris Larsen and Jo Ann Barefoot

At LendIt Fintech, Ripple co-founder and Chairman Chris Larsen got real in his on-stage conversation with Jo Ann Barefoot. This is what you missed: I think this is a fundamental shift in fintech and what we believe the big thing happening here is the development of a second internet. We call it the internet of […]

Crypto Hype Man Ian Balina Hacked

April 16, 2018
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Ian Balina Hacked

Cryptocurrency and ICO hype man Ian Balina has been hacked, according to a statement he published on social media. Balina’s self-reported fortune totaled $3.2 million just days earlier. “I’m not worried about the money,” Balina tweeted. “I learned my lesson. I only care about catching the hacker.” Balina is famous in the crypto world for […]

Twitter Bans Crypto Ads As Its CEO Praises Bitcoin

March 28, 2018
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cryptocurrency ban

Following in the footsteps of Facebook and Google, Twitter banned cryptocurrency ads on its platform as of Tuesday. Facebook initiated this policy on January 30 and Google did the same on March 14. “Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally,” a Twitter spokesperson told […]

Google Will Ban Cryptocurrency Ads

March 14, 2018
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google search

Today, Google updated its list of banned advertising content to include “cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).” This comes as Facebook made the same decision at the end of January. While Facebook’s prohibition of cryptocurrency-related ads came into effect immediately, the […]

John Oliver Preaches Caution and Responsibility On Cryptocurrency

March 12, 2018
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John Oliver Cryptocurrency

HBO Talk Show host John Oliver showed restraint while taking down cryptocurrencies Sunday night. Although he criticized alleged ponzi schemes like Bitconnect and poked fun at the absurdity of EOS’s valuation, his overall message was to approach the technology with caution. Bitconnect was an easy target now that the company has shut down and a […]

A Dialogue with Peter Renton: Cryptocurrency and Beyond

March 2, 2018
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Peter Renton, Chairman and Co-Founder
LendIt,  speaking to LendIt USA 2016 conference in San Francisco, California, USA on April 11, 2016. (photo by Gabe Palacio)

This story appeared in deBanked’s Jan/Feb 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE Peter Renton, Chairman and Co-Founder, LendIt, speaking to LendIt USA 2016 conference in San Francisco, California, USA on April 11, 2016. (photo by Gabe Palacio) deBanked Magazine recently caught up with Peter Renton, founder of Lend Academy, a leading […]

Ron Suber: ‘This Industry Will Look Very Different One Year From Now’

February 25, 2018
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Ron Suber

Ron Suber wears many hats. His official LinkedIn profile lists him as President Emeritus and Senior Advisor at Prosper Marketplace. Now you can add a new title to his repertoire – the Magic Johnson on fintech. That’s because when it comes to Suber’s legacy, he’s all about the passing game. “I really enjoy the assist […]

Another ICO Connected to George Popescu Leads to Losses

February 16, 2018
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investor losses

Cryptocurrency entrepreneur and lending journalist George Popescu has quarterbacked another losing trade for investors drawn to Initial Coin Offerings (ICOs). One of his latest, DropDeck, suffered a catastrophic event, according to the company’s blog. The digital wallet software where investor funds were being held was hacked. But rather than the funds being stolen, the Ethereum […]