The CEO and chairman of Riot BlockChain has resigned in the wake of unrelated charges by the Securities and Exchange Commission against him for alleged fraud in connection with other companies.
The Securities and Exchange Commission announced on Friday charges against a group of 10 individuals and their associated entities for long-running fraudulent schemes that brought in over $27 million.
The investigation could result in a stop order preventing the company and shareholders from selling shares.
Riot Blockchain, the cryptocurrency company whose stock skyrocketed after changing its name, revealed that the SEC subpoena it received in April was “pursuant to a formal order of investigation."
As bitcoin hit record highs in December, Riot Blockchain’s stock shot up. A CNBC investigation found the company has many red flags.
U.S. government personnel serving in Cuba appear to have "widespread" neurological damage, say doctors working for the State Department.
A small town three hours east of Seattle is turning into the epicenter of bitcoin mining in the United States.
Most of the world's major oil companies are trying to reduce their presence in Venezuela but one small American firm is eager to work there.
India's multibillion-dollar entertainment industry is quickly gaining a global audience, and it's not just because of the song and dance.