Business & Markets News

SEC Redefines Hosted Bitcoin Mining Contracts

U.S. regulators are sharpening their stance on crypto related investment structures after labeling certain third party Bitcoin mining arrangements as securities in a high profile fraud case. The action centers on hosted mining contracts marketed as passive income opportunities, where investors supplied capital but relied entirely on an outside operator to run equipment and deliver […]

Business & Markets News

SEC Charges Bitcoin Mining Executive Over Investor Fraud

US securities regulators have charged the founder and chief executive of bitcoin mining firm VBit with orchestrating a large scale fraud that allegedly misappropriated nearly $48.5 million from investors. According to the complaint, Danh C. Vo raised more than $95 million from thousands of retail investors by promoting bitcoin mining as a simple and passive […]

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