Posts in category

Texas


The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to defraud local investors. According to a news release published Tuesday, the board’s commissioner, Travis J. Iles, entered a first emergency cease-and-desist order against Coins Miner Investment Ltd., a Russia-based cryptocurrency investment promoter that has been soliciting funds …

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Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year. The firm confirmed Monday that it is investing $500 million over the next seven years into a new blockchain data center in the U.S. state as part of its “strategic investment and expansion …

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The Texas State Securities Board (TSSB) has issued cease-and-desist orders to two bitcoin investment schemes that it alleges are selling unregistered securities and making fraudulent claims to the state’s residents According to one order lodged on Tuesday, the securities regulator takes aim at a company called Forex EA & Bitcoin Investment LLC and two individuals associated …

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The Texas State Securities Board (SSB) executed an emergency cease-and-desist notice against a man for selling unregistered securities tied to a cryptocurrency trading platform. On Thursday, the agency said Mark Moncher and his company, Financial Freedom Club, had paired up with another individual, Frank Dalotto (who operates 911MoneyStorey, which was also cited) to sell the …

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The Texas State Securities Board has issued an emergency cease and desist order on Feb. 26 to website Leadinvest.com, citing a failure to disclose information about its specialists and cryptocurrency mining activities, as well as fraudulently selling unlicensed securities and overall “[threatening] immediate and irreparable harm.” Already in January of this year, the Texas State …

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A Texas regulator is gunning for yet another cryptocurrency-related company it accuses of promoting unregistered securities targeting the U.S. state’s residents. According to a document received and reviewed by CoinDesk, the Texas State Securities Board (TSSB) issued a new cease-and-desist order on Feb. 26 to a Panama-based cryptocurrency firm named LeadInvest.net. The state regulator said …

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A cryptocurrency investment scheme that last month drew the ire of state regulators in Texas announced last week that it was closing its lending platform. DavorCoin, as previously reported, was likened to BitConnect by the Texas State Securities Board (TSSB) given that both involved the use of a lending site and had promised to pay steady …

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Texas’ securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin. In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure investors. The filing arrives just days after the TSSB gave …

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A state securities regulator in Texas has put out yet another cease-and-desist order on cryptocurrency-related activities. According to an emergency order signed on Jan. 24, the Texas State Securities Board (TSSB) is taking aim at a Hong Kong-based firm dubbed R2B Coin, which the agency alleges is issuing unregistered securities to Texas residents with false and …

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Texas regulators have issued an unconditional cease and desist order to the self-described ‘cryptocurrency bank’ AriseBank on Friday, Jan. 26, ordering it to halt any services to the state’s residents. In a formal press release Friday, the Texas Banking Commissioner Charles G. Cooper implied the business, which has generated considerable controversy with its alleged offerings, …

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The U.S. Texas government is increasing its regulatory scrutiny over activities related to cryptocurrency. According to a press release issued Jan. 26, the Texas Department of Banking said its cease-and-desist order issued to cryptocurrency banking platform AriseBank has taken effect, barring its services in the state. The department’s banking commissioner Charles​ ​G.​ ​Cooper, said the firm …

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The Texas State Securities Board (TSSB) has ordered the blockchain-based financial system startup BitConnect to cancel a token sale it had planned to start on January 10. According to a news release published on the regulator’s website, BitConnect was claiming to offer tokens with 100% annual returns, which the TSSB determined qualify as unregistered securities. …

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The Texas Securities Commissioner today issued an Emergency Cease and Desist Order against Bitconnect for the selling of unlicensed securities. According to the Texas State Securities Board news release: “The Securities Commissioner found that the BitConnect investments are securities, but were not registered as required by the Texas Securities Act and State Securities Board Rules …

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Regulators in Texas have obtained an emergency cease-and-desist order against a company they say is unlawfully pitching bitcoin mining investment plans in the state. In a statement yesterday, the Texas State Securities Board revealed that it had taken action against USI-Tech Limited, a firm based in Dubai. The firm has allegedly been trying to sell investment …

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Former Texas Representative Ron Paul has conducted an online survey on December 6, 2017, which showed that majority of the respondents would choose a cash ‘gift’ in the form of the leading cryptocurrency Bitcoin if they could not get hold of it for 10 years. Only 2% of the respondents opted to receive the gift …

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Texas-based Bitcoin automated teller machine (ATM) network Coinsource has installed 20 new Bitcoin ATM machines in the US state of Georgia as of early December 2017. Of the new ATMs, 18 machines were launched in the city of Atlanta, while two were installed in the neighboring college town of Athens. According to Coinsource Chief Executive …

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