Square allows Bitcoin operations

Square Cash App launched an innovation for its users allowing them to buy, sell and hold Bitcoin currency 
15 November 2017   504

Square, Inc., a financial services, merchant services aggregator and mobile payment company based in San Francisco, California started alowing users to make operations with Bitcoin within Square Cash app.

The company was planning to launch the operations with digital currency for several years, making the first announcement in 2014. 

On November 15, Michael Novogratz, investment banker and an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group, tweeted about Square Platform which finally implemented the pilot function allowing users to buy and sell Bitcoin.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   126

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission