The state of Texas has filed a Cease and Desist order against BlockFi and claims that BlockFi's Interest Accounts are unregistered securities.
The company is accused of engaging in illegal, off-exchange transactions in these digital currencies as well as foreign currencies and precious metals without registering with the regulators.
BIT Mining Limited will invest $25.74 million and jointly build and operate the Texas mining center with Dory Creek, a wholly owned subsidiary of Bitdeer, Inc.
The block reward miner has completed the purchase of two data centers in Quebec, Canada. This follows an earlier announcement this year that the firm purchased land in Texas.
Known as the Virtual Currency Bill, it will introduce virtual currencies into the state’s Uniform Commercial Code (UCC) which governs commercial transactions in Texas.
Riot Blockchain has signed a definitive agreement to acquire Whinstone U.S Inc. from its rival Northern Data AG.
Delta Crypt has already been the subject of warnings from regulators, who claim the scheme has been “illegally offering securities paying ‘ridiculous’ returns.”
Argo Blockchain has completed the purchase of 320 acres of land in West Texas where it intends to put up a 200MW block reward mining facility.
A rare winter storm has plunged the state of Texas into an energy crisis, leaving millions of its residents without power and many locally based block reward mining facilities struggling to operate.
The block reward miner entered a non-binding letter of intent (LOI) with DPN LLC of New York to gain 320 acres of land in West Texas.
The South Korea tech giant is reportedly looking at investing upwards of $10 billion to build its most cutting edge logic chip producing plant in the United States.