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Bitfarms and Riot resolve disputes, expand board ahead of key meeting

Bitfarms Ltd. and Riot Platforms Inc. have announced a settlement ahead of Bitfarms’ special shareholder meeting scheduled for Nov. 6, according to a Sept. 23 press release. The announcement comes after months of tension between the two Bitcoin miners that began with Riot’s hostile takeover bid. Settlement agreement Under the agreement, Riot, Bitfarms’ largest shareholder, […]

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SEC charges TrustToken and TrueCoin for defrauding investors

SEC filed charges against TrueCoin and TrustToken over fraud and offering of unregistered investment contracts. TrueCoin issued the TrueUSD (TUSD) stablecoin, while TrustToken operated the TrueFi lending protocol. The regulator alleges stablecoin TUSD had 99% of its reserves invested in an offshore fund as of September 2024. The Securities and Exchange Commission (SEC) has charged […]