Former Riot Blockchain chief settles penny stock case with SEC
John O’Rourke III has reached agreement with the U.S. SEC over an alleged pump and dump scheme involving penny stocks.
John O’Rourke III has reached agreement with the U.S. SEC over an alleged pump and dump scheme involving penny stocks.
Beijing-based Bitmain Technologies Ltd. has announced a brand-new product line consisting of two Bitcoin/SHA-256 miners.
Riot Blockchain has decided to shut down its crypto exchange business to focus resources on crypto mining exclusively. It’s also expanded its mining operation.
The company is suspected to have pivoted to blockchain in order to boost stock prices.
Against the backdrop of ongoing U.S. securities regulator’s investigations into the company, the crypto mining firm reported losses of $58 million for the year.
Riot Blockchain is one step closer to its goal of reinvention, after a recent filing with the SEC to issue common stock.
John O'Rourke, chief executive officer of Riot Blockchain, has been kicked to the curb following allegations that he was involved in a massive pump and dump scheme that generated an estimated $27 million.
Riot said the U.S. Securities and Exchange Commission (SEC) last July 30 is looking into a number of Riot’s registration statements as well as its purchase of a minority stake in Canadian cryptocurrency exchange Coinsquare.
Riot Blockchain is being called to the carpet after the U.S. Securities and Exchange Commission (SEC) sent a subpoena, warning Riot that it is facing possible removal from NASDAQ for not adhering to policies.