Wall Street has a new toy — and regulators are warning that some pieces of the popular product can cause your portfolio to choke. The toy is called an Initial Coin Offering, a specialized bitcoin-like currency that has attracted $3.2 billion of investor cash this year — four times the amount raised in 2016. Many...
NYS Entity Status
NYS Filing Date
NOVEMBER 12, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - NEW YORK COIN & CURRENCY INC.
Around the Web
- Investors have poured $3.2B into bitcoin-like currency
By Kevin Dugan - Saturday Nov 4, 2017
- Blockchain, Banks & the New Web: Q&A With Ethereum Co-founder Lubin
By Jeff Engel - Tuesday Oct 10, 2017
Ethereum co-founder Joe Lubin is calm and soft-spoken when he shares his vision of how blockchain technology and digital currencies could transform the Internet, the global economy, and many aspects of our daily lives. But what he’s talking about could become a raging tempest, and it’s worth paying attention to—especially given the vast sums of […]
- An explanation of initial coin offerings
By Nathaniel Popper - Tuesday Oct 31, 2017
Initial coin offerings have come out of nowhere in 2017 to become the talk of Silicon Valley and Wall Street. Programmers raised more than $2 billion in the first nine months of the year by selling their own virtual currencies to investors. That is nearly 1,000 percent more than the amount raised using coin offerings in 2016. Q: What is an initial coin offering? A: Coin offerings are a way for startups or online projects to raise money without selling stock or going to venture capitalists — essentially a new form of crowdfunding.
- Balter Launches Cryptocurrency Investment Service, Flipside Crypto
By Jeff Engel - Monday Sep 11, 2017
The promise of cryptocurrencies has a lot of investors excited, but many don’t know how to go about putting money into the emerging, complex currencies. That’s part of the idea behind Flipside Crypto, a new Boston-based venture that helps a select group of wealthy individuals invest in digital currencies. Flipside is not a financial advisor. […]
- SEC warns celebrities about endorsing virtual currencies
By Nathaniel Popper - Thursday Nov 2, 2017
The Securities and Exchange Commission took a first step Wednesday to head off the recent trend of celebrities endorsing new virtual currencies, warning that they could be breaking laws. Entrepreneurs have been issuing the digital currencies through so-called initial coin offerings which have become a hot but largely unregulated method of fundraising for technology projects. This year some 270 projects have raised over $3 billion by selling the currencies to investors. The vast sums of money have drawn in celebrities, like socialite Paris Hilton and rapper the Game, who have promoted particular projects, generally in exchange for a payment.
- Can Initial Coin Offerings Give New Life To Social Good Companies?
By Ben Schiller - Friday Sep 15, 2017
Impak Coin is trying to use the frothy new investment vehicle as a way to funnel funds into the impact space.
Startups normally raise money from venture capital or seed funds, from banks, or via crowdfunding. But recently, blockchain technology has produced a new possibility: initial coin offerings (ICOs), where instead of issuing equity, debt or perks, entrepreneurs launch a virtual currency instead, in the form of a coin or token.