Guys be careful when trading "fake" bitcoin/blockc
Post# of 103030
(Total Views: 467)
Posted On: 01/11/2018 8:44:50 AM
Guys be careful when trading "fake" bitcoin/blockchain plays , they are popping up everywhere. Many companies release a PR claiming to be a blockchain or bitcoin play in order to raise their market cap when in reality they have little to zero affiliation with anything concerning these industries. The SEC shutdown many "fake" MJ plays back in 2014 without notice and it appears that they are now taking action against these "fake" blockchain/bitcoin" companies.
example: $UBIA $4.51 10/19/17 to $55.00 12/26/17 with no business at all.
SEC Suspends Trading in Blockchain Firm With No Revenues and No Product
Financial regulators around the world seem to finally notice that some companies are trying to capitalize on the insatiable appetite for everything crypto by claiming a link to blockchain. Trading in the stocks of one such alleged company has now been stopped by the SEC.
https://news.bitcoin.com/sec-suspends-trading...o-product/
Just a word to the wise, trade them quickly if you must but realize a overnight hold could easily become a 100% loss.
example: $UBIA $4.51 10/19/17 to $55.00 12/26/17 with no business at all.
SEC Suspends Trading in Blockchain Firm With No Revenues and No Product
Financial regulators around the world seem to finally notice that some companies are trying to capitalize on the insatiable appetite for everything crypto by claiming a link to blockchain. Trading in the stocks of one such alleged company has now been stopped by the SEC.
https://news.bitcoin.com/sec-suspends-trading...o-product/
Just a word to the wise, trade them quickly if you must but realize a overnight hold could easily become a 100% loss.
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