Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered…
Read more
A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in…
Read more
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes…
Read more
Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities The newly acquired sites, which range from…
Read more
The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite…
Read more
Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country. Thousands have taken to the streets in the capital Tbilisi in recent days, with smaller protests also taking place in the cities of Zugdidi, Kutaisi, and Gori. But the State Security Service of Georgia…
Read more
The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations, the firm also secured a site in Dalton, Georgia, which is in the midst of construction. Nasdaq Traded Bitcoin Miner Cleanspark…
Read more
The National Bank of Georgia will use the CBDC platform to assess digital lari’s benefits for government, businesses and retail users. The National Bank of Georgia (NBG) has selected blockchain payments network Ripple Labs as the official technology partner for developing digital lari, its central bank digital currency (CBDC) project. In a statement, Ripple said the…
Read more
The National Bank of Georgia (NBG) has shortlisted nine companies to compete as technology partners for the nation’s central bank digital currency (CBDC) project dubbed Digital GEL. The national bank of the Caucasian nation announced Thursday that it will introduce “a Limited Access Live Pilot Environment” to test its CBDC on the technology capabilities and…
Read more
The Bitcoin mining company kicked off the second phase of its mining campus in Georgia, gearing up for the next Bitcoin halving. Bitcoin miner CleanSpark has begun the second phase of operations at its mining campus in Washington, a city in the U.S. state of Georgia, reaching 8.0 exahashes per second (EH/s), halfway to its…
Read more
