The Texas State Securities Board has issued a cease and desist order against what it alleges is a fraudulent bitcoin mining company. The state regulator asserts that Ultra BTC Mining has been selling illegal investment schemes as well as claiming charitable donations that cannot be verified. BITCOIN MINING COMPANY OFFERED UNREALISTIC RETURNS According to the order, Ultra Mining has already raised USD $18 million by promising huge profits to naive investors. The state regulator states: […] read whole article

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