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SEC Suspends Trading Of Red-Hot Bitcoin Stock

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The following is an excerpt from Paul R. La Monica | December 19, 2017 | CNN.com |

Is bitcoin a bubble? Maybe. Maybe not. Only time will tell. But there are some small publicly traded companies trying to ride the wave of cryptocurrency and blockchain mania that look pretty sketchy. Call them the bitcons if you will.

The Securities and Exchange Commission suspended trading Tuesday of The Crypto Company until January 3, citing "concerns regarding the accuracy and adequacy of information" about compensation paid to promote the firm and plans for insider sales.

The Crytpo Company describes itself as a business that "offers a portfolio of digital assets, technologies, and consulting services to the blockchain and cryptocurrency markets" with plans for a "rollout of a full scale, high frequency cryptocurrency trading floor."

For more visit: CNN.com

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