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Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

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The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The defendant in the case is Utah resident Daniel F. Putnam, whose businesses — MMT Distributions and R&D Global — and associates — Angel A.

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Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

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“POWDR chose to partner with Square because they help elevate the guest experience from enabling fast, secure, contactless payments to integrated online-ordering solutions,” Justin Sibley , co-president of POWDR, said in the release. Bachelor, Oregon; Woodward Park City, Utah; and SilverStar in British Columbia, Canada.

Vermont 257
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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships

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The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. A federal jury in Utah convicted Johnson and Ryan Riddle of making false statements to a bank on multiple I Works merchant account applications.

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Subscription Business Models Lead B2B VC Funding

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But it was one startup, which helps other businesses launch their own subscription service offerings, that secured the largest round of the week, perhaps reflecting the rising tide of companies looking to shift business models amid market uncertainty. FundingXchange. Reports did not indicate exactly how FundingXchange will use the investment.

San Jose 226
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Nikola Motor CEO Defends $4M In PPP Funds

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Securities and Exchange Commission filings showed Nikola received the PPP funds from JPMorgan Chase. CNBC reported the forgivable government loan comes months after the 38-year-old billionaire bought a 2,600-acre ranch in Utah for $32.5 At the time, Milton said buying property is just the beginning. “I

Utah 156
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Apple Pay Rolls Out To 17 American Credit Unions And Banks

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The total roster now claims more than 1,600 banks and credit unions domestically, said the site, even as 35 percent of retailers in the U.S. support Apple Pay. As has been reported, Apple Pay is also available internationally in, among other nations, Australia, China, Hong Kong, Japan, Spain, the U.K. and Switzerland.

Apple 117
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DOE: Cyberattack Interrupted US Electrical Services

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The Department of Energy (DOE) has confirmed that a distributed denial-of-service attack (DDoS) perpetrated against an energy company caused “interruptions of electrical system operations,” according to a report. The affected power company provides electricity to Los Angeles, Salt Lake County in Utah and Converse County in Wyoming.