2.6900 0.00 (0.00%)
After hours: 5:27PM EDT
|Bid||2.6600 x 900|
|Ask||2.7000 x 800|
|Day's Range||2.6400 - 2.8100|
|52 Week Range||1.2900 - 8.5550|
|Beta (3Y Monthly)||3.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Federal authorities have launched a criminal investigation into a group of "microcap fraudsters" that may include the former chief executive of Riot Blockchain, the cryptocurrency company that was the subject of a CNBC investigation last year, according to court documents. The investigation is parallel to an SEC civil case against the alleged "fraudsters," and more details of the criminal investigation are currently unknown.
Bitcoin’s market share as a percentage of the entire crypto universe has surged in 2019, leading many penny stock firms to resume mining operations.
"The parties do not believe there is a possibility of prompt settlement of this case," says a Tuesday court filing signed by all parties. The SEC already settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings. A settlement in principle for Florida businessman Barry Honig now appears to be off the table, according to a filing on Tuesday in the case that was signed by all parties.
Florida businessman Barry Honig plans to settle charges in what the SEC called "classic pump-and-dump schemes," according to a motion filed Friday.
“This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission’s claims for liability," the SEC said in a motion. The SEC charged 19 others along with Honig in September. The SEC lready settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings.
Riot Blockchain, the cryptocurrency company whose stock skyrocketed after changing its name, announced what it called "material weaknesses" in internal control over financial reporting and an adverse auditor report in its latest annual report.
Blockchain is in its early days, but there are a few ways to invest in this technology without exposing your portfolio to the volatility of cryptocurrencies.
(Bloomberg) -- Crypto-tied stocks, the former market darlings that quickly languished when the Bitcoin bubble burst, are showing signs of reawakening.
PolarityTE said the SEC subpoenaed it earlier this month for documents related to any promotion of the company or its securities, among other items.
Riot Blockchain, a cryptocurrency company, announced a new CEO and other leadership changes. Riot has announced three CEOs and one interim CEO since changing its name and business plan in October 2017. Riot Blockchain RIOT announced a new CEO and other leadership changes in a press release Tuesday evening.
Frost will pay $5.5 million to the SEC and is permanently barred from participating in an offering of a penny stock, with exceptions, according to court documents. Opko Health also agreed to a proposed settlement, according to court documents. Frost and Opko Health neither admit nor deny the SEC's allegations, according to court documents.
Riot Blockchain (RIOT) needs investors to pay close attention to the stock based on moves in the options market lately.
The cryptocurrency sell-off continued this week after Bloomberg reported the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission are investigating cryptocurrency market price manipulation. The DoJ and the CFTC have been coordinating on a criminal probe of Bitcoin, Tether and crypto exchange Bitfinex and their possible role in driving last year’s cryptocurrency market bubble. Sources familiar with the probe said the DoJ is investigating whether or not traders illegally pumped up the price of bitcoin in late 2017 by using USDT to strategically buy and sell bitcoin based on inside information.
The cryptocurrency company whose stock skyrocketed after changing its name, revealed that the SEC subpoena and investigation are "still ongoing," according to its most recent quarterly filing. Riot says it is “fully cooperating” with the SEC, according to the latest filing. Riot Blockchain RIOT , the cryptocurrency company whose stock skyrocketed after changing its name, revealed that the Securities and Exchange Commission subpoena and investigation are "still ongoing," according to its most recent quarterly filing.
Nespresso, part of food giant Nestle (NESN.S), aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto (RIO.L) (RIO.AX) announced on Monday. Both companies have faced criticism for adding to pressure on the planet, with campaigners saying Nespresso coffee machines are wasteful and many of the used capsules end up in landfill. Under the deal, Anglo-Australian Rio Tinto will supply aluminium produced with renewable power and respect for biodiversity to Nespresso, the world leader in the coffee pod market.
Investors need to pay close attention to Riot Blockchain (RIOT) stock based on the movements in the options market lately.
EDITOR'S NOTE: The following is an excerpt of part two of an investigation into financier Barry Honig and several associated parties. When financier Barry C. Honig was waging a proxy fight for control of the company that became Riot Blockchain Inc. (NASDAQ: RIOT), he demanded that it return excess capital to shareholders through a special dividend.
The blockchain is one of the most powerful innovations of the last several decades. Riot Blockchain (NASDAQ:RIOT), however, is nearly an unmitigated disaster. Right before the weekend, RIOT stock closed down more than 24%.
Riot Blockchain Inc, a onetime biotechnology firm that saw its share price skyrocket when it refocused on cryptocurrencies, named a new chief executive after the company's previous boss was accused of involvement in securities fraud. The company said in a statement on Saturday that its chief operating officer, Chris Ensey, would take over the company after the Securities and Exchange Commission on Friday named former CEO John O'Rourke as one of several people involved in a long-running microcap "pump-and-dump" scheme. The SEC also named Barry Honig, a former major Riot shareholder, among the individuals involved in the scheme, saying Honig engaged in manipulative activity after taking ownership interests in the companies.
The CEO and chairman of Riot BlockChain has resigned in the wake of unrelated charges by the SEC against him for alleged fraud. John O'Rourke who has been the company's CEO since November 3, has been replaced by Chris Ensey and the new chairman of the board is Remo Mancini. John O'Rourke who has been the company's CEO since November 3, has been replaced by Chris Ensey and the new chairman of the board is Remo Mancini, the company said in a new release issued Saturday.
The CEO and chairman of Riot BlockChain has resigned in the wake of unrelated charges by the U.S. Securities and Exchange Commission against him for alleged fraud in connection with other companies.