BlockFi is a wealth management and trading firm for cryptocurrency holders that first commenced operations in 2017. It has had a very busy few months. In March 2021, it reportedly closed a Series D funding that valued the company at $3 billion. Block recently reported that BlockFi is in talks to raise a new Series E funding round of $500 million, which would bring the company valuation to nearly $5 billion. It has also been…
Texas has been one of the more active states in the United States when it comes to cryptocurrency enforcement. The Texas State Securities Board was the first state securities regulator to enter an enforcement order against a cryptocurrency firm and, to date, the Securities Commissioner has entered 24 administrative orders involving 62 individuals and entities. In June, the State Securities Board started an investigative sweep of suspect cryptocurrency offerings after the price of bitcoin nearly tripled over a period of…
Texas has been one of the more active US states in combating fraudulent ICOs and cryptocurrency scams. Earlier this week it took three separate actions. According to the Emergency Cease and Desist Order, Coins Miner Investment Ltd. manipulates its email solicitations to make them appear as if they came from Coinbase, a well-known San Francisco-based online cryptocurrency platform. Ana Julia Lara, a person affiliated with Coins Miner, falsely claims to work at Coinbase as a cryptocurrency…