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Virtual Currency Blog

Coinbase Faces Possible Liability in Recent Class Action Lawsuit

In the wake of the collapse of cryptocurrency exchange, Cryptsy, due to its founder’s fraud, investors are now targeting Coinbase as a supposed aider and abettor of that fraud.

ICO Issuers Must Self-Regulate While Regulators Get Up to Speed

An Initial Coin Offering has become a popular way for virtual currency entrepreneurs to raise funds for a new project or concept. Anyone with internet access can create and/or invest in an ICO in just a few steps. This type of venture capital model, a hybrid between initial public offerings and crowdfunding, has been used to finance many virtual currency projects. However, as state and federal regulators have not enacted disclosure regulations that are specific to ICOs, there is little protection for investors. In order to maintain investor confidence, ICO issuers must proactively self-regulate and engage in responsible disclosure practices until a regulatory framework is in place.

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