Tagged: texas

20 Texas Municipalities Suffer Coordinated Ransomware Attack

At least twenty local governments in Texas are now coping with a “coordinated ransomware attack on municipality computer systems,” the Texas Department of Information Resources (DIR) reports. Affected cities and towns are not named in the release. A response is being coordinated by the Texas Division of… Read More

Texas Issues Cease and Desist Orders Against Unregistered Crypto and Forex Investment Entity

The Texas State Securities Board (TSSB) has issued cease and desist orders against “Forex and Bitcoin Trader,” an unregistered dealer of cryptocurrencies, derivatives and foreign currency promising 900% returns in 14 days in online advertisements targeting Dallas investors. This is the fourth emergency action undertaken… Read More

Texas Securities Board Launches Second “Investigative Sweep” in Response to Recent Tripling of Bitcoin Price

Three parties accused of soliciting Texas investors with fraudulent cryptocurrency offerings have received emergency cease and desist orders as part of Texas’ “second regulatory sweep of cryptocurrency investment offerings.” Like the first sweep, which began in December 2017, the second sweep has been launched, “in… Read More

U.S. Fintech Fundbox Announces Expansion: Opens New Dallas-Area Office to Support Growth

Fundbox, a cash flow optimization tool platform for small businesses, announced on Friday it has opened a new Dallas-area office in order to support its rapid growth. The company’s location will be in Plano, Texas. Founded in 2012, Fundbox claims it has built the first… Read More

Texas Moves to Ban Private Cryptocurrencies, Impose Universal KYC

One of crypto’s main use cases -anonymity- has taken a hit in the state of Texas this week. An untitled bill (4371), which will require all cryptocurrency transactions to be conducted using unnamed “varied identity digital currencies,” has been introduced into the Texas state legislature…. Read More

CrowdOut Opens New Office in Dallas & Appoints Stu Bell as New Managing Director

Private lending syndication platform CrowdOut Capital announced on Wednesday it has opened a new office in Dallas and appointed Stu Bell as its new Managing Director, who has more than 20 years of experience in commercial banking and private equity.. This news comes just two… Read More

Texas Sanctioned 16 Fraudulent Crypto Offerings in 2018, Including Bitconnect

The latest enforcement report from the Texas State Securities Board states that the regulator issued cease and desist orders against 16 unlicensed crypto ventures soliciting investors in Texas in 2018. The most noteworthy of those ventures is Bitconnect, a massive global crypto Ponzi scheme that accumulated… Read More

AriseBank CEO Indicted in Texas for Cryptocurrency Fraud, Faces Possible Prison Sentence

Jared Rice Sr, the man behind AriseBank and the associated cryptocurrency/token, AriseCoin, has been indicted in the Northern District of Texas and, if convicted, faces a possible prison sentence of 120 years. Rice Sr was arrested by the FBI Wednesday and is charged with 3… Read More

Texas Issues Emergency Cease-and-Desist Orders Against My Crypto Mine

  The Texas State Securities Board (TSSB) has issued an emergency cease-and-desist order against an accused serial fraudster, Mark Steven Royer. Mr. Royer is allegedly selling the “My Crypto Mine” project, which bears the features of a pyramid scheme. Earlier this year, Royer and two partners… Read More

Texas State Securities Board Issues Emergency Action Against Crypto Mining Promoters based in Canada & Australia

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

Credit Karma Announces Expansion into Insurance; Launches Auto Insurance Offers in California & Texas

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

Texas Issues Emergency Cease and Desist Orders Against Three ICO Projects

The Texas State Securities Board (TSSB) has issued emergency cease and desist orders against three ICO/cryptocurrency projects soliciting investors in Texas: Coins Miner Investment Ltd., DGBK Ltd. (DigitalBank) and Ultimate Assets LLC. All three projects allegedly used misleading information to promote their projects, and none… Read More

Howdy, Bitmain. World’s Largest Crypto Mining Company Expands Again, This Time to Texas

Bitmain, the world’s largest manufacturer of crypto mining equipment and its biggest producer of bitcoins has announced the launch of a $500-million data centre in Rockdale, Texas. The company says it will deploy the sum over 7 years and will create 400 local jobs in the… Read More

Fintech Saas Company HighRadius Announces Houston Expansion

HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in integrated receivables, announced on Tuesday it has expanded into Katy, Texas, which is near Houston, Texas. This news comes just a few months after the company secured a strategic investment from Citi Ventures and PNC.  As previously… Read More

What Lessons Can Token Issuers Learn from Recent Federal / State Securities Enforcement Activity?

In this article we discuss a number of lessons that we believe issuers of digital tokens can draw from recent enforcement actions brought by federal and state securities regulators. But we first need to define the perimeter we will be covering. There has been a… Read More

SXSW Announces Winners of the 10th Annual Accelerator Pitch Event

South by Southwest (SXSW) Conference & Festivals announced over the weekend the winners of the 10th annual Accelerator Pitch Event, which took place March 10th-11th during the Startup & Tech Sectors Track at the Downtown Hilton Austin. The event’s organizers also reported in addition to the 10 winners… Read More

Wanchain Teams Up With Various Austin Companies to Form Regional Blockchain Innovation Hub

Wanchain, a distributed financial infrastructure powered by cross-blockchain smart contracts with privacy protection, announced last week it has teamed with various Austin companies to form the Austin Blockchain Collective (ABC), which has a mission to advance blockchain-based education to the local community and grow the ecosystem and… Read More

Hippo Opens New Office in Texas Just Weeks After Announcing $25 Million Series B Investment

Less than a month after Hippo announced it secured $25 million through its Series B round, the California-based insurtech company announced the opening of its second office in downtown Austin. While sharing details about the new Texas location, Assaf Wand, Hippo Co-Founder and CEO, stated: “Hippo is… Read More

Texas Insurtech InsuredMine Launches New Consumer Insurance Management App

InsuredMine, a Texas-based insurtech startup that focused on providing consumer-focused tools for insurance management, announced on Thursday the launch of its new insurance management app for both iOS and Android users. Founded in 2017, InsuredMine describes itself as a cloud-based insurance dashboard that stores all… Read More

SXSW Announces 2018 Accelerator Pitch Event Finalists

  South by Southwest (SXSW) Conference & Festivals announced on Tuesday the finalists for the 10th annual SXSW Accelerator Pitch Event, to take place March 10th-11th during the Startup & Tech Sectors Track at the Downtown Hilton Austin in Austin, Texas. According to the organization, 50 startup finalists… Read More

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