Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme

A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad Beckstead, a 57-year-old from Henderson, Nevada, has pleaded guilty in connection […]

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US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme CaseA Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire C. Cecchi. The U.S. citizen becomes the […]

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Bitmain Launches Asicboost Firmware Support for Antminers

Bitmain Launches Firmware Containing Asicboost Support for AntminersOn Oct. 20, Bitmain launched a new firmware upgrade for the company’s Antminer S9 mining rigs that allows for the activation of overt Asicboost. The firm also explained that in roughly one week the company will release overt Asicboost firmware for all BM1387-based models manufactured by Bitmain. The China-based company joins a slew of other […]

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