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The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains $250 Million Revolving Credit Line From FTX After Crypto Lending Firms Struggle … Read more
The securities regulator of the U.S. state of Alabama has issued a cease and desist order against Acoin Trading and 96 other cryptocurrency websites. The crypto investment schemes promise “excessive returns,” report “fictitious account values,” and impose “undisclosed fees.” US State Regulator Orders 97 Crypto Trading Websites to Shut Down Alabama Securities Commission announced Thursday … Read more
On April 22, published documents stemming from law firm Ontier LLP show London’s High Court is granting the law firm permission to serve legal proceedings over copyright infringement against the owner of bitcoin.org, a pseudonymous operator called “Cøbra.” The legal proceedings involve “hosting and publishing” a copy of the academic Bitcoin white paper. Copyright Infringement … Read more
The Crypto Open Patent Alliance (COPA), a bitcoin industry working group focused on patent laws, has filed a civil lawsuit in the UK against Craig Wright. For many years now Wright has insisted he is Satoshi Nakamoto, but has yet to prove so to the greater crypto community. COPA is looking to get the UK … Read more
An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator follows the cease and desist order issued against it by the Texas States Securities Board (TSSB) … Read more
Through 2018, the United States Securities and Exchange Commission (SEC) became increasingly active in their regulation of the cryptocurrency space, particularly in regards to recent ICOs. This activity partially came in the form of Cease-and-Desists (C&D) delivered to a number of projects. Of these included Paragon. On November 16th, 2018, Paragon (PRG) received a C&D … Read more
The U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. Their tokens are potentially fraudulent securities offerings, according to the two states’ securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the … Read more
The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission. One is against the “first regulated crypto asset fund in the United States” and the other is against an “ICO Superstore.” Also read: 160 Crypto Exchanges … Read more
The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which … Read more
The past few months have been rather interesting for Genesis Mining. The popular cryptocurrency cloud mining provider was forced to halt all activities in South Carolina. That decision has now been reversed. As such, US customers will be able to access the company’s services once again in the coming weeks. A Victory for Genesis Mining … Read more
