#20 – When is a Coin NOT a Coin? Avoiding ICO Pitfalls

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What’s The Difference Between Cryptocurrencies and Initial Coin Offerings?  The answer may surprise you.  Listen to Blockchain compliance expert Diana Adachi before turning your money into ether!

Background:

Can you balance a check book? Then you have used a ledger.

Blockchain is a ledger that is copied to many different computers, and uses cryptography to make it easy to see fraudulent changes.

Originally, blockchain was for cryptocurrencies, like Bitcoin.

More recently, companies started us Blockchain (tokens, NOT cryptocurrencies)  to raise money INSTEAD of selling stock.

in 2017, SEC stepped in; earlier in 2018 staring issuing subpoenas to ICO companies. Source: https://www.ccn.com/sec-subpoenas-80-cryptocurrency-firms-including-techcrunch-fund/

Definition of an “accredited investor” according to SEC: https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-accredited-investors

SEC guidelines for guidelines on ICO’s: https://www.sec.gov/ICO

Whitepaper: https://digitalchamber.org/token-alliance-whitepaper/

 

BRIEF BIO: Diana Adachi

Diana is the CEO of Pegasus Fintech- a blockchain, technology and token accelerator that supports regulatory compliant public initial blockchain offerings (PIBCO).
Previously Diana was at Accenture where she served as a Global Blockchain Solutions Lead and she has co-authored several papers on the subject.  Diana was recognized as one of for her work in Blockchain.

 

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David W. Schropfer

David W. Schropfer is a technology executive, author, and speaker with deep expertise in cybersecurity, artificial intelligence, and quantum computing. He currently serves as Executive Vice President of Operations at DomainSkate, where he leads growth for an AI-driven cybersecurity threat intelligence platform. As host of the DIY Cyber Guy podcast, David has conducted hundreds of interviews with global experts, making complex topics like ransomware, AI, and quantum risk accessible to business leaders and consumers. He has also moderated panels and delivered keynotes at major industry events, known for translating emerging technologies into actionable insights. David’s entrepreneurial track record includes founding AnchorID (SAFE), a patented zero-trust mobile security platform. He previously launched one of the first SaaS cloud products at SoftZoo.com, grew global telecom revenue at IDT, and advised Fortune 500 companies on mobile commerce and payments with The Luciano Group. He is the author of several books, including Digital Habits and The SmartPhone Wallet, which became an Amazon #1 bestseller in its category. David holds a Master of Business Administration from the University of Miami and a Bachelor of Arts from Boston College.

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