SEC to Investigate Riot Blockchain’s Coinsquare Stake & Crypto Mining Accounting

2018-8-16 00:15

SEC Expands Inquiry About Riot Blockchain According to Reports

It looks like the investigations about Riot Blockchain, the biotech company turned into crypto miner, are continuing. The latest news comes from a 10-Q quarterly report filed by the U. S. Securities and Exchange Commission (SEC) recently.

According to the documents, at the moment the regulator is looking at the registration statements of the firm and its acquisition of a minority stake in Coinsquare, a Canadian cryptocurrency exchange. We already knew that the SEC was looking into Riot because the company disclosed that the regulator was looking into specific statements about its financial health in the last year.

The filing states that the SEC’s Division of Corporation Finance and the Division of Investment Management had sent many letters to Riot Blockchain in order to discover more about the efforts of the company in the mining business and about its relation with Coinsquare. The company was subpoenaed for the first time in April and several times later that occasion.

However, this week’s filing states that the SEC does not intend to take action while investigations are still happening.

The SEC Believes That This Is An Ongoing Effort

According to the filing, the company intends to fully cooperate with the SEC and help as it can in the investigation, as the company believes that it has done nothing wrong. The SEC believes that it is too early to jump to conclusions and that this is an ongoing effort to investigate the company.

Investigations aside, Riot is reported to hold over $5 million USD in digital currencies after losing about $3 million USD during the cryptocurrency bear market in the last few months. According to the company, it has about $28 million USD in total assets including stocks, cryptos and other assets. At the end of 2017, the company had $52 million USD.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 0.7504 (-98.66%)

blockchain riot sec crypto according quarterly report

Источник: bitcoinexchangeguide.com

blockchain riot → Результатов: 4


Фото:

Riot Blockchain обновила свой максимальный корпоративный хешрейт

В ноябре компания Riot Blockchain добыла 521 BTC, что на 12% больше в годовом выражении. Как сообщает американская компания Riot Blockchain, являющаяся крупнейшим майнером биткоинов по капитализации на Уолл-стрит, ее операционная активность по итогу ноября выросла.

2022-12-8 12:14


Фото:

BlackRock Enters the Bitcoin (BTC) Mining Sector with Investments in Marathon Digital Holdings, Riot Blockchain

A newly released BlackRock filing with the Securities and Exchange Commission (SEC) dated June 30, 2021, has revealed that the firm has invested more than $382 million in the shares of Marathon Digital and Riot Blockchain, making it the second-highest shareholder of both bitcoin (BTC) mining companies, according to a Forbes report on June 19,Read More

2021-8-20 15:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Whale watch: $1B in Toncoin trades shake the market, tracking what's next

Toncoin has seen a surge in whale activity on its network. TON, however, is at risk of a price decline. Toncoin [TON] has witnessed a spike in whale activity on its network in the past few wThe post Whale watch: $1B in Toncoin trades shake the market, tracking what's next appeared first on AMBCrypto.

Predicting how ETH will react IF the SEC approves Ethereum ETFs

Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum's dominance and performance are at a low, suggesting a need for positive development soon. It is generally belieThe post Predicting how ETH will react IF the SEC approves Ethereum ETFs appeared first on AMBCrypto.

Ethereum sets sights on $4K: Will THIS spark a new rally for ETH?

ETH was up by more than 6% over the last seven days.  A few of the metrics suggested that the bullish momentum might not last.  Ethereum [ETH] caught investors off guard as its price gaineThe post Ethereum sets sights on $4K: Will THIS spark a new rally for ETH? appeared first on AMBCrypto.

Ethereum ETFs progress, but Solana may turn things bearish instead - How?

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] haThe post Ethereum ETFs progress, but Solana may turn things bearish instead - How? appeared first on AMBCrypto.

Fantom Sonic: Will Ethereum integration help FTM's price?

Fantom disclosed that Ethereum would enable the token migration. While FTM's price increased, reaching $1 could be challenging in the short term. Layer-1 blockchain Fantom [FTM] has discloseThe post Fantom Sonic: Will Ethereum integration help FTM's price? appeared first on AMBCrypto.

Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming?

Volatility around the token may be low, considering it has previously released 60% of its supply. AVAX might hit $43.50 if the volume continues to back the price action. The price of AvalancThe post Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming? appeared first on AMBCrypto.

Ethereum nears $3,200, jumps 10%: Bullish breakout ahead?

ETH wants to break above resistance. The bulls supported the coin’s uptrend with a number of markers spotted on a daily chart.  Leading altcoin Ethereum [ETH] is poised to breach the uppeThe post Ethereum nears $3,200, jumps 10%: Bullish breakout ahead? appeared first on AMBCrypto.