The cantonal court of Zug, Switzerland has reportedly shut down and ordered the liquidation of mining firm Envion AG, that uses clean energy to mine cryptocurrency. The cantonal court of Zug, Switzerland has shut down cryptocurrency mining firm Envion AG for an alleged unauthorized Initial Coin Offering (ICO), German news outlet Handelsblatt Global reported Nov.… Continue reading Report: Zug Court Shuts Down Swiss Off-Grid Mining Firm Envion AG
Category: Court
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Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit
In the most recent development in a case brought to court by the Winklevoss twins, a judge has ruled to end a freeze on the defendant’s assets. Judge Jed Rakoff has ruled to end the freeze on Charlie Shrem’s assets in a lawsuit brought against him by the Winklevoss brothers, Bloomberg reports Nov. 8. In… Continue reading Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit
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… Continue reading Texas Regulator Issues Cease and Desist Order to Cloud Mining Company
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… Continue reading Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme
India: Former Legislator Remanded in Custody in Connection With Bitcoin Extortion Case
Former Indian politician Nalin Kotadiya has been remanded in custody for his alleged involvement in a 200 BTC extortion case. Nalin Kotadiya, a Bharatiya Janata Party (BJP) official and former Member of the Legislative Assembly (MLA), has been remanded in custody for ten days in connection with a $1.3 million Bitcoin (BTC) extortion case, the… Continue reading India: Former Legislator Remanded in Custody in Connection With Bitcoin Extortion Case