Michigan recreational marijuana will be put to voters in November 2018. The Coalition to Regulate Marijuana Like Alcohol raised enough signatures for the initiative, which would enable citizens to grow their own plus give authority to Michigan Department of Licensing and Regulatory Affairs to grant cultivation, processing, and dispensary licenses. Regulation and Taxation of Marihuana Act…
Missouri medical marijuana legislation, HB 1554, has been approved out of a committee and could receive a vote in Missouri’s House of Representatives. Sponsored by Rep. Jim Neely, the bill provides a licensing framework for growers and dispensaries, but the range of legal products and list of qualifying medical conditions is extremely narrow. Missouri Medical…
Are crypto exchanges providing the best price? How often have you traded on one crypto exchange, only to see a wildly divergent price somewhere else? I know many traders feel compelled to monitor several crypto “exchanges” simultaneously to ensure their trades are reasonably priced. I also know a few traders who use price differentials as…
Here it comes – the cryptocurrency exchanges are now under scrutiny.  Last year, regulators in the United States were firmly focused on the mechanics and fairness of Initial Coin Offerings (ICOs). By now it seems settled that ICOs need to comply with the federal securities laws. So now it is time for cryptocurrency exchanges to…
tZERO is conducting the first major Security Token Offering (STO). tZERO, like Polymath, is positioning itself as a leader in the movement to transition securities like stocks and bonds to the blockchain. tZERO’s niche in this space is trading. It owns controlling interests in broker-dealers, SEC registered trading platforms, and even an investment advisor. Picture Schwab, but all…
It has been all the rage lately for blockchain startups to do a token airdrop instead of an initial coin offering (ICO). Now that the SEC has made clear that ICOs are securities offerings, everyone is trying to find a workaround. Why? Because crypto has democratized investment opportunity. The notion that ground floor investment opportunities should…
The Bitconnect scam is a good example of why crypto investors should not fear regulation. If you haven’t heard of the recently-shuttered cryptocurrency platform, it had all the hallmarks of a Ponzi scheme. Despite blaring warnings from the internet writ-large, investors chased after too-good-to-be-true returns and lost nearly everything. The Bitconnect Scam Bitconnect described itself as…
So it looks like the Commodities Futures Trading Commission (CFTC) is taking a hard look at cryptocurrency pump and dump schemes. And its offering awards to whistleblowers of 10 to 30 percent. That’s good, because manipulation has always been one of my chief concerns about crypto markets. Consider that market manipulation is generally illegal in…
2017 was the year of the Initial Coin Offering or “ICO”. I believe 2018 will be the year of the Security Token Offering or “STO”. What does this even mean, and why should you care? THE ICO’s LATENT DEFECT – ITS A SECURITIES OFFERING Prior to 2017, the ICO was rare. There was the Ethereum…
This is going to sound like a bold claim: Polymath is the biggest thing in crypto. I know, everyone seems to be focused on the “next bitcoin” or “next ethereum.” And Polymath is not it. So why is Polymath such a big deal? Because it aims to put the stock market on the block chain.…