One Day After Order, Crypto-Miner Says It Has Stopped Sales in U.S.
Texas State Securities Board
   
 
More Today's News:
ߦ   IN MEMORIAM - Gregory Mark Hayes, Sr.
ߦ   Bizarre details revealed about driver accused of causing devastating crash on Grand Parkway in NW Harris Co.
ߦ   Couple Sentenced for International Kidnapping of Grandson
ߦ   Deputy Taze's Suspect During Arrest
ߦ   DPS Releases Texas Gang Threat Assessment
ߦ   Galveston College receives go-ahead to offer bachelor’s degrees
ߦ   Man sentenced to 25 years for stabbing stranger 140 times
ߦ   Texas A&M pledge's death ruled accident due to seizures after snorting Adderall
ߦ   Thirty-Six Defendants Guilty for Their Roles in International Thai Sex Trafficking Organization
ߦ   Coast Guard medevacs mariner 35 miles offshore Galveston
ߦ   Joint Sting By Constables, TABC
ߦ   Man gets 15 years for fatal drunk-driving crash
ߦ   Man Jailed For Assaulting 13-Year Old Child
ߦ   Sheriff Deputies Catch Felony Theft Suspects
ߦ   Sheriff Searching for Robbery Suspects
ߦ   Woman Arrested For Assaulting Deputy
ߦ   30 Year Sentence For Intoxicated Manslaughter
ߦ   Burnet County Sheriff's Office - Inmate/Arrests Summary
ߦ   Coast Guard medevacs cruise ship passenger 58 miles offshore Galveston
ߦ   Constables Arrests Fleeing Felon
ߦ   DPS Welcomes 92 New Highway Patrol Troopers
ߦ   Former Judge Sentenced to Prison for Federal Obstruction and Theft Charges
ߦ   Four Red River County Men Indicted for Conspiring to Distribute Methamphetamine
ߦ   Operation Grinch Pinch
ߦ   Paris Police Dept - Daily Activity Summary
ߦ   Traffic Fatality on Brushy Creek Road
ߦ   Constables Arrests Man For Evading Arrest In Vehicle
ߦ   Galveston College Community Chorale sets holiday concert
ߦ   ViCAP Links Murders to Prolific Serial Killer
ߦ   K9 Teams - Beyond the Basics of Search and Rescue and Recovery
ߦ   HIRING POLICE OFFICER - La Marque Police Dept.
ߦ   As Crowd Of By-Standers Shoot Video Of Officer Being Attacked; Good Samaritan Stops To Help
ߦ   Ballistic vests, constable cameras part of county law enforcement upgrades
ߦ   Injured Fayette Co. deputy strong, defiant as he recalls being shot on duty
ߦ   MOST WANTED - Galveston County Sheriff

   Next >>
 
Search Archives:

The cryptocurrency mining company Bitcoin Trading & Cloud Mining Ltd. said it is no longer accepting investments from the United States. The company’s statement came less than one day after the Texas Securities Commissioner entered an Emergency Cease and Desist Order against the company.

The company, known as BTCRUSH, on May 9 amended the terms of service on its publicly accessible website to say that “use of its current Platform by US citizens and permanent residents is strictly prohibited.”

The company said that “due to local laws and regulations,” it “reserves the right to block the registrations originating from the USA or from US citizens located abroad. . .”

The language was not on the BTCRUSH website on May 8, the day of the emergency action.

According to the order, BTCRUSH is violating the Texas Securities Act by failing to disclose any material information about their principals, strategies, finances, and the extensive technical and regulatory risks of cryptocurrency-related offerings.

BTCRUSH, whose principals list an address in London, is soliciting Texas investors with the promise of huge returns – a $10,000 investment would return $149,650 in one year, for instance – from the mining of cryptocurrencies at three massive, secure computing centers featured in videos on the company's website.

According to the order, however, BTCRUSH created videos of its purported computing centers by manipulating videos available for sale on the internet.

The Securities Commissioner has entered nine orders against companies illegally or fraudulently selling cryptocurrency-related investments, some of which have curtailed or closed their investment programs.
Post a comment
Name/Nickname:
(required)
Email Address: (must be a valid address)
(will not be published or shared)
Comments: (plain text only)
Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
  Facebook   Share link on Twitter Tweet  
© 1999-2018 The Police News. All rights reserved.