New Jersey Officials Issue Cease-and-Desist Order

The Bureau of Securities and the Attorney General  issued an emergency order in order to stop Bitstrade, an online cryptocurrency investment fund  
12 February 2018   617

New Jersey attorneys have sent a cease and desist letter to a cryptocurrency investment fund called Bitstrade. This firm claimed that it is registered U.S. financial startup. It offers digital asset banking services. According to New Jersey officials, this firm unlawfully provided investors unregistered securities in the form of a pool that claims to guarantee up to 10 percent returns.

The Bureau of Securities and the Attorney General have found that Bitstrade is not registered to sell securities in New Jersey and does not guarantee investment profit. Attorney General Gurbir S. Grewal stated that this firm was managing and selling securities unlawfully. He also added that the Bureau wants to protect investors and remind them to be extra vigilant about fully vetting what is being sold before investing in cryptocurrency.

We want to make sure that investors tempted to cash in on the cryptocurrency rage aren’t being lured into sending funds to an anonymous internet entity without knowing where the funds are going or how they’ll be used.

Gurbir Grewal 

New Jersey’s Attorney General

More than that, Bitstrade is violating the law by failing to disclose to prospective investors the names of its executive officers, the address of its principal office, information about Bitstrade's financial condition. The firm even did not inform how it invests investors’ money.

New Jersey’s officials plan to regulate cryptocurrency asset industry more due to a high risk of fraud.

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   118

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.