Items Tagged with 'virtual currency'

ARTICLES

  • SEC halts $600 million alleged cryptocurrency scam that aimed to revolutionize banking

    AriseBank claimed it was building the world’s first “decentralized bank”
    The Securities and Exchange Commission halted the operations of a company that claimed it raised $600 million in an initial coin offering as part of an effort to “revolutionize banking” using cryptocurrency. The SEC complaint alleges that AriseBank used social media, a celebrity endorsement (from Evander Holyfield, no less), and other tactics to raise hundreds of millions of dollars in just a few months.
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  • Lake Tahoe real estate deal breaks the bank... in bitcoin

    Bitcoin purchase trumps Bali villa as largest on record
    The record for the most expensive real estate purchase to be paid for in Bitcoin lasted all of five months. In March, a fully managed villa in Bali, Indonesia sold for more than $500,000 in bitcoin. Now, a Lake Tahoe community shattered that record with a sale of a 1.4-acre parcel of land.
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