Texas State Securities Board has issued two emergency cease and desist orders against cryptocurrency investment offerings. One is for Loudmines and the other is for Swiftminex. Both entities are ostensibly based in Houston, thus the Board ironically stated there may be a problem.
LoudMines is said to be an international cryptocurrency trading platform that trades in Bitcoin and mines crypto via remote data centers. Interestingly, Swiftminex does pretty much the same and both firms are said to be operating out of the same address in Houston.
The crypto firms allegedly tout daily, potential profits ranging from 35% to better than 600% based upon the amount of money investors are willing to part with. Both websites are no longer live.