• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Elon Musk Endorses Bitcoin Amidst Market Volatility

    Elon Musk Endorses Bitcoin Amidst Market Volatility

    Jerome Powell's Speech May Influence Cryptocurrency Movements

    Jerome Powell’s Speech May Influence Cryptocurrency Movements

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Webus Integrates XRP for Tokenized Travel Rewards

    Webus Integrates XRP in New Reward Platform Initiative

    VanEck Updates Solana Staking ETF Prospectus

    VanEck Updates Solana Staking ETF Prospectus

    VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

    VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

    VanEck Files Updated Prospectus for Solana Staking ETF

    VanEck Files Updated Prospectus for Solana Staking ETF

    VanEck Files Amended Solana ETF, Reduces Fees

    VanEck Files Amended Solana ETF, Reduces Fees

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Colorado and North Dakota Working Hard Together to End Crypto Scam

Joshua T. by Joshua T.
October 18, 2018
in Latest News
State's Securities Department

Source: thedickinsonpress.com

The U.S. states of Colorado and North Dakota are working together with other states to fish out all crypto related frauds within its borders. The two states have recorded numerous success in the clamping down of companies promoting fraudulent initial coin offering in their states. The two states’ securities commission has issued several cease and desist orders in respect to this.

Too Good to be True Deals

These companies are generally known to offer unrealistic returns in exchange for investment in their schemes. One of the schemes recently served with a cease-and-desist order did promise to pay its investors a 10 percent return on their investment per month and they also claim that their coin price is pegged to the price of gold. This clearly shows that the coin operators have no idea of what they are talking about.

The securities commission of Colorado, through its Commissioner Gerald Rome, recently issued a cease and desist order target at two companies selling unregistered securities in the form of initial coin offerings (ICOs) in the state.
The two companies are: Davor and Cyber Capital Invest.
The two companies were accused of issuing tokens referred to as Davorcoin and CCI token respectively.
Rome stated that:

“the companies received the orders as a result of an investigation into potentially fraudulent securities offerings in Colorado in the form of ICOs,”

The securities commission has however made it known that the ICOs offered by the two companies are not registered in Colorado or exempt from registration. Regardless they went ahead to promote their investment scheme within the state.
The website dedicated to one of the ICOs, Davorcoin states that:

“The token is a new cryptocurrency aiming to become an alternative to coins such as bitcoin and ether”

The commission noted that Davorcoin also promised a return of up to 10% per month to participates of ‘staking pool’ along with a gold-pegged pricing feature.

On the Cyber Capital Invest’s website, it was stated that:

“the CCI token is a “profit share token”. Which in turn allows investors to receive a 100% assured daily return of between 0.75-2 % based on the “access level” they select. The company also offered a form of referral compensation scheme referred as “bounty program”.

North Dakota’s Securities Commission

The state of North Dakota on the order hand has recently issued a cease and desist order against three companies.
The commission stated that:

“The companies that are the subject of the orders are Crystal Token, Advertiza Holdings (Pty) Ltd., and Life Cross Coin.”

These companies are said to be acting in violation of the states” securities commission laws by offering its services to its residents.

Tags: ColoradocommissionNorth DakotaSecurities
Previous Post

Bill & Melinda Gates Foundation Partnership with Ripple (XRP) Continues to Expand

Next Post

The Founder of Cardano [ADA] Shares his Thoughts on Working with Hyperledger

Joshua T.

Joshua T.

Related Posts

Exploring Tokenized Finance with BlackRock and Fidelity

Real-World Assets Reshape Finance Via Tokenization

by Solomon M.
October 15, 2025

BlackRock and Fidelity advance tokenization, aiming for a $10T RWA market by 2030.

Ripple Collaborates with Absa Bank for Digital Asset Custody in Africa

Ripple Partners with Absa Bank for Asset Custody in Africa

by Solomon M.
October 15, 2025

Ripple partners with Absa Bank for institutional-grade digital asset custody across Africa, expanding global reach.

Ripple Partners with Absa for Crypto Custody Expansion

Ripple Partners with Absa for Crypto Custody Expansion

by Joshua T.
October 15, 2025

Ripple collaborates with Absa Bank to broaden its digital asset custody infrastructure in Africa.

OwlTing Prepares for Nasdaq Debut

OwlTing Prepares for Nasdaq Debut via Direct Listing

by Solomon M.
October 15, 2025

Taiwanese firm OwlTing prepares for Nasdaq listing without raising new capital.

Fidelity Clients Acquire $154.6M in Ethereum via ETF

Fidelity Clients Acquire $154.6M in Ethereum via ETF

by Solomon M.
October 15, 2025

Fidelity invests $154.6 million in Ethereum through its Ethereum ETF, marking a major institutional move.

BOFmag Holds 100 USDT Giveaway Amid Cautionary Concerns

BOFmag Holds 100 USDT Giveaway Amid Cautionary Concerns

by Anca F.
October 15, 2025

BOFmag's 100 USDT giveaway on X sparks concerns due to limited details.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.