Categories
altcoin Australia Bitcoin Regulation Court cryptocurrencies Investments Law Mining USA

Texas Regulator Issues Cease and Desist Order to Cloud Mining Company

Texas regulators have issued a cease and desist order to a cloud mining company for selling unregistered securities, among other alleged offences including fraudulent behavior. The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cloud mining company AWS Mining PTY LTD for selling unregistered securities, according to an […]

Categories
Bitcoin CFTC Court cryptocurrencies Fraud USA

Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme

A New York federal court has ordered BTC hedge fund Gelfman Blueprint, Inc.and its CEO Nicholas Gelfman to pay over $2.5 million in penalties for a fraudulent Ponzi scheme. A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating […]