Texas Regulators Tell Energy Company to Stop Getting Involved With Bitcoin
Texas-based Balanced Energy LLC has reportedly been told by the Texas State Securities Board to stop getting itself involved with bitcoin, according to a number of reports. The Southlake company was reportedly raising capital using the digital currency and selling unregistered securities - something the Board says took place at the Texas Bitcoin Conference in Austin recently. "Balanced Energy and Johnson are accepting payment through Bitcoin, a digital currency that incorporates cryptography and is designed to enable users to send money over the Internet without using a credit card or bank....
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I was reading the news this afternoon and saw this article that caught my eye. It was notable due to it dealing with Bitcoin, and its use as an investment tool. Balanced Energy, a small oil company, run by Kirk Johnson was recently told by Texas State Regulators they are not to accept Bitcoin payments. They served them with an Emergency Cease and Desist order. Balanced Energy had announced in a pitch at the Texas Bitcoin Conference that they are the first company to accept Bitcoin for exploration investments. Texas State Regulators wasted no time in telling Balanced Energy that they could....
Bitcoin miners in Texas are facing a temporary setback as they power down their operations in response to the state’s ongoing energy crisis. The scorching heatwave that gripped the Lone Star State forced the Electric Reliability Council of Texas (ERCOT) to take drastic measures to ensure uninterrupted power supply to its 25 million customers, accounting […]
The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent. Texas Seeks to Stop 3 Crypto Platforms Operating in the State Texas Securities Commissioner Travis J. Iles entered a pair of emergency cease and desist orders Monday targeting three unregistered online cryptocurrency investment platforms. They are Delta Crypt Ltd. (also known as Binance Assets),....
The bitcoinization of Texas is one step closer. The Texas Pacific Land Corporation, Mawson Infrastructure, and JAI Energy partnered to build a facility that guarantees “60 megawatts of bitcoin mining on TPL’s surface in West Texas.” Using today’s hardware, it “could accommodate up to 2.0 Exahash of Bitcoin mining operational capacity.” The operation will be […]
The commissioner of the Texas State Securities Board issued anemergency order last week barring a private energy exploration company from accepting investments in bitcoin from non-accredited investors. The company, Balanced Energy LLC, allegedly solicited investors at the Texas Bitcoin Conference on March 6th with the statements "we don't do any verification" and "we're not the paperwork police," and informed interested parties that capital contributions in bitcoin would be accepted. No fraudulent behavior was alleged by the Texas State Securities Board in its order, but the company was....