Category: Blockchain

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

During the selling phase of the initial public offering (IPO), which took place in 2021, investors in the cryptocurrency mining firm Argo Blockchain have launched a class-action complaint against the miner. The investors accuse the miner of making deceptive promises and omitting essential facts in their complaint. The investors claim that the miner purposefully deceived them in their dealings with him. According to the allegations that have been levelled against the miner in this scenario, the miner is said to have acted in such a way on purpose with the…

Argo Blockchain accused of misleading investors in class action lawsuit

Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021. A newly filed lawsuit on Jan. 26 is aimed at Argo and several of its executives and board members. It claims the firm failed to disclose how susceptible it was to capital constraints, electricity costs and network difficulties. “The Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state…

Congressman Hill to ‘make sure’ US is the place for blockchain innovation

The chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations to ensure that “America is the place for innovation in fintech and blockchain.” Speaking on CNBC’s Squawk Box on Jan. 26, Congressman French Hill offered some of his first insights into what is anticipated for crypto regulations in the country. The Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, which is chaired by Hill, was put together on Jan. 12 with the remit of “identifying best practices and policies that…

Conflux Token Spikes 60% as Blockchain Integrates China’s Version of Instagram

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Metaverse-Focused Blockchain Lamina1 Promotes President to CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

XRP staking scam | Blockchain News

The cryptocurrency community has raised flags about a new fraud targeting XRP (XRP) investors via a phoney staking scheme. Online fraudsters are mimicking big cryptocurrency organisations like Ripple and Binance by constructing phoney websites and email imposters promising to provide staking services for XRP. One of these websites has a blog post with the headline “XRP staking slated to debut January 2023 for retail customers,” in which users are invited to “stake” their XRP in exchange for returns on investment (ROI) that are implausibly high and range from 12 to…

Nifty Gateway Founders Resign | Blockchain News

Duncan Cock Foster and Griffin Cock Foster, who were both co-founders of the nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations in a thread that was posted on Twitter on January 25. Their departure is effective immediately. In an attempt to justify their departure, Duncan said that “Griffin and I are entrepreneurs at heart, and we want to create another firm.” “When @Gemini purchased NG in 2019, Griffin and I agreed that if everything went well and we were happy in our new roles, we would each remain…