SEC halted UBI Blockchain trading

SEC's decision is caused by the fact that information provided by UBI may not be true, as well as with "recent unusual and inexplicable activity in the market"
09 January 2018   331

SEC suspended trading on shares of UBI Blockchain Internet, which is engaged in promoting programs and services in the field of blockchain. The regulator said that this decision is due to the fact that the information provided by UBI may not be true, as well as with "recent unusual and inexplicable activity in the market."

UBI Blockchain was able to achieve a capitalization of $ 800 million in the wake of the popularity of crypto-currency, despite the lack of profitability per se and the idle phone number, Bloomberg reported citing the SEC statement.

We believe the general public is confusing our blockchain technology with bitcoin companies. [UBI Blockchain was] involved in blockchain technology for well over two years before the bitcoin buying frenzy took place and we plan to be in business for years after the bitcoin buying anomaly ends.
 

Tony Liu

CEO, Ubia

The company was founded in 2010 and for a long time was called JA Energy, however in November 2016 it changed its name to the one that better reflected its involvement in the blockbuster area. UBI states that it uses the block so that its customers can "trace the way food and medicines move from the place of production"

UBI BlockChain Internet Ltd.
UBI BlockChain Internet Ltd.

UBI shares were worth about $ 7.20 on December 8, and on December 18 they traded at $ 87, jumping up against the backdrop of the growth of the crypto-currencies and shares of other blocking companies. At the peak, their price reached $ 115, although in February last year they cost only 55 cents. On Friday, before the freezing of trades, their rate fell to $ 22.

Blockchain Shift Announces Groundbreaking Event

Inaugural Conference to Shine Spotlight on Miami as Future Crypto Hub of the Americas
25 May 2018   76

It was announced that Miami will host the first-annual Blockchain Shift conference, bringing together leaders from industry, technology, finance and the arts to celebrate the potential of distributed ledgers, crypto currencies and the democratization of finance.

The event will take place from October 11th – 12th, 2018, at Mana Wynwood (318 NW 23rd St, Miami).

Blockchain Shift has already confirmed the participation of key sponsors such as IBM, Tesla, KPMG and Bloomberg; as well as an array of A-list speakers including U.S. Congressmen, City Mayors, federal regulators, billionaire technologists and internationally-renowned celebrities.

The ground is shifting beneath our feet, as technology advancements have disrupted virtually every sector of society. Our event will celebrate these advancements, while bridging the gap between a crypto crowd and more advanced legacy industries that are beginning to understand blockchain is here to stay.
 

Dan Viola 

Attorney, entrepreneur and Co-Founder, Blockchain Shift

Although the event has just publicly announced, it has already made great strides with key attendees and partnerships.

Current partners include:

  • IBM
  • Tesla
  • Bloomberg
  • KPMG
  • tZERO
  • Park Capital
  • Wysh
  • SeriesOne
  • AVYachts
  • Americas Execution, LLC
  • Alchemist
  • BitGo
  • CoinBoost
  • Cohen & Co.
  • Harneys
  • Empire Asset Management Company
  • Joseph Gunnar & Co
  • Shutts & Bowen

A sampling of confirmed speakers include:

  • Congressman Carlos Curbelo
  • Mayor of Miami Francis Suarez
  • Alchemist Co-Founder Steve Neyaroff
  • Chris Ferris of Hyperledger
  • Emma Channing from Satis
  • financier and political consultant Anthony Scaramucci
  • Mayor of Coral Gables Raul Valdes-Fauli

Blockchain Shift will place an equal emphasis on quality of experience, with curated sponsor events, yacht excursions, unparalleled networking and a night of electronic dance music with some of the world’s best-known DJs. Furthermore, the event will provide much-needed white glove service, offering a concierge app, accepting crypto for tickets and sponsorships, delivering badges pre-registered to the hotel, curating excellent food options and preventing inconveniences such as long lines.

This event will serve as a catalyst to put Miami on the blockchain map. We believe quality content and having fun should not be mutually-exclusive, and that’s what Miami is all about. The gorgeous weather, interesting people, favorable tax rates and friendly political climate are the perfect ingredients to make our city a Crypto Hub, and Blockchain Shift aims to celebrate this bright future.
 

Alex Lopatine

Managing Partner, Park Capital and Co-Founder, Blockchain Shift

The event set-up will feature a main stage for keynote addresses, panel discussions and fireside chats; with topics ranging from Crypto Hedge Funds, Crypto Broker-Dealers, and Blockchain Solutions for Wall Street, Real Estate and Art, combined with a current look at SEC, FINRA and FinCen regulations. A second stage for ICOs to present to accredited investors and receive general marketing and legal feedback. Finally, an exhibitor space will serve as a place for engagement, networking and learning with unique lounge-style seating that will be equipped with Bloomberg terminals and a live television broadcast so that attendees can stay abreast of the markets and not miss the presentations on the main stage.

To learn more, purchase tickets, or explore our sponsorship opportunities, visit BlockchainShift.io

Contacts