12 December 2017
visit www.avoka.com

SEC suspends trading in First Bitcoin Capital

24 August 2017  |  10321 views  |  0 STOP!

The Securities and Exchange Commission has suspended trading in the shares of First Bitcoin Capital Corp, in part because of concerns over the "accuracy and adequacy" of public information about the firm's assets and capital structure.

Trading in First Bitcoin Capital shares are suspended until 7 September, says the SEC in a statement, "because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure".

On its website, Vancouver-based First Bitcoin Capital says that it is "currently working" on several cryptocurrency-related projects, including an exchange and an ATM network.

The company's shares, which trade over the counter, were trading at $1.79 before today's suspension and have seen their value balloon 43% in the last week and 6072% this year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit http://info.nice.comvisit www.atos.net

Who is commenting?

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11786 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8710 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7077 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6818 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6755 views comments | 17 tweets | 35 linkedin

Featured job

Find your next job