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The deal was being spearheaded by a group of foreign investors called the Chimera group, CNBC reported, who brought in ICO platform Securitize to advise them on how the deal would function. In addition to getting in on real estate, CNBC said owning a “Plaza Token” would allow for “certain concessions inside the Plaza Hotel.”
Read the full article ...
https://gizmodo.com/a-675-million-deal-to-purchase-a-famous-new-york-hotel-1825094598
Froth or value for the money?
“Individual tweets, whether created in Mr. McAfee’s voice or by the company whose products we are promoting, cost $105,000 per tweet,” writes the McAfee Crypto Team.
Centra founders Sam Sharma, Raymond Trapani and Robert Farkas. Mr. Sharma and Mr. Farkas face criminal charges in connection with the company’s initial coin offering.
SAN FRANCISCO — Federal authorities have arrested two founders of a virtual currency that raised $32 million from investors last year and won an endorsement from the boxer Floyd Mayweather.
Full story in the NYTimes: https://www.nytimes.com/2018/04/02/technology/virtual-currency-arrest-centra.html
An excellent article by Anthony Zeoli for those struggling to make sense of the regulatory landscape for #ICOs:
"Investment in the cryptocurrency industry is currently dominated by the use of Simple Agreements for Future Tokens (SAFTs). While SAFTs were a somewhat novel approach when they were introduced, now that cryptocurrency assets have become almost universally deemed “securities” by the SEC, the use of SAFTs as an investment vehicle is, or otherwise should be, DEAD."
https://www.crowdfundinsider.com/2018/03/131044-initial-coin-offerings-why-the-saft-is-dead/
#a...@...com
It was just a matter of time.
"Companies and individuals are increasingly considering initial coin offerings (ICOs) as a way to raise capital or participate in investment opportunities. While these digital assets and the technology behind them may present a new and efficient means for carrying out financial transactions, they also bring increased risk of fraud and manipulation because the markets for these assets are less regulated than traditional capital markets. That’s why we are providing this information about the three “Rs” of ICOs: Risks, Rewards and Responsibilities."
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