Beyond the Law Star Steven Seagal Settles With SEC + More News

Beyond the Law movie poster. Steven Seagal is in the middle.

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

  • The U.S. Securities and Exchange Commission (SEC) settled charges against actor Steven Seagal (known for Beyond the Law, The Glimmer Man, etc.) for failing to disclose payments he received for promoting an investment in an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G). The SEC’s order finds that Seagal failed to disclose he was promised USD 250,000 in cash and USD 750,000 worth of B2G tokens in exchange for his promotions, the SEC said. Without admitting or denying the SEC’s findings, the actor agreed to pay USD 157,000 in disgorgement, which represents his actual promotional payments, plus prejudgment interest, and a USD 157,000 penalty. In addition, Seagal agreed not to promote any securities, digital or otherwise, for three years.
  • A Ukrainian ex-Microsoft worker has been found guilty of stealing USD 10 million in cryptocurrencies from the American tech giant, reports Crypto Feed. The media outlet reports that the man was testing an online sales platform for Microsoft, and was able to access a number of cryptocurrency transactions, skimming off portions into his own cryptocurrency wallet. The company only realized that money was missing several months later.

Mining news

  • Mining hardware giant Bitmain has announced two new Antminers: the new Antminer S19 and S19 Pro, which will come in two variants and are equipped with a new generation custom-built chip from Bitmain. The press release states that the Antminer S19 is equipped with a hash rate of 95 TH/s, while its other variant has a hash rate of 90 TH/s, both variations have a power efficiency of 34.5+/-%5 J/TH. The Antminer S19 Pro features a hash rate of 110 TH/s, while its other variant has a hash rate of 105 TH/s, both variations have an impressive…

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