FINRA Warns About Cryptocurrency-Related Stock Scams

The stock price of Long Tea Corp. soared by more than 200% in the wake of its announcement that the company changes its name to "Long Blockchain Corp."
22 December 2017   665

Yesterday the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization in the U.S., published a new warning about cryptocurrency-related stock fraud.

FINRA, an organization which provides testing and licensing for registered brokers and financial professionals, said that investors should be cautious when assessing solicitations from such firms that seek to fund cryptocurrency initiatives without the business fundamentals and transparent financial reporting to back up such claims.

The company added that today it’s easy for companies to make glorified claims about new products, services and other cryptocurrency-related connections due 'hot' cryptocurrency environment.

Long Island Iced Tea Corp. announced yesterday that it changes its name to "Long Blockchain Corp." after shifting its primary corporate focus towards the investment in blockchain technology. The stock price of Long Island soared by more than 200% in the wake of its announcement.

Long Island Iced Tea СhartsLong Island Iced Tea Charts

Recently, we have also reported that Veltyco company saw its stock price leap higher after telling investors it has started discussions with blockchain and cryptocurrency providers about potential partnerships. After the announcement Veltyco’s shares jumped 20%.

iPayment to cooperate with Aliant Payment Systems

iPayment, Inc., a payment provider for small and medium-sized businesses (SMBs), today announced a partnership with Aliant Payment Systems
23 May 2018   71

This new partnership will allow iPayment to facilitate digital currency acceptance for merchants and their channel partners. 

Our goal at Aliant is to be one of the first adopters and facilitators of cryptocurrency in the traditional payments space. Partnering with an established, quality organization like iPayment helps us achieve that goal. We are looking forward to mutually moving into a new territory of block chain and cryptocurrency and providing our shared clients with an alternative form of accepting and processing secure, cost-effective payment transactions.
Eric Brown
Founder, CEO, Aliant Payment Systems, Inc.

Aliant Payment’s Crypto Processing Gateway provides merchants with the possibility  to accept cryptocurrencies like Bitcoin or Litecoin, in both digital and card-present environments.

The payments landscape is always changing. iPayment is continually pursuing partnerships with organizations that not only anticipate these changes, but develop innovative solutions to address them – and that is exactly what Aliant has done. We’re looking forward to cultivating this partnership and introducing crypto payment acceptance to our channel partners and adding it to our overall product offering.
Denise Tahali
Senior Vice President, Partner Sales, iPayment, Inc. 

From this new product innovation, iPayment is aimed on small business enablement and delivering efficient services and resolves for business developments. Aliant also lets e-commerce and mobile vendors worldwide to adopt different payment forms, and it provides a complete line of credit card machines, ATMs and payment technology. 

With the help of this collaboration, iPayment can now supply Aliant’s Crypto Processing Gateway to partners and merchants who wish to accept these forms of digital payments.