As intended by its inventor Dr. Craig Wright, Bitcoin is a tool to track financial crime and existing laws fully applied help with the rest.
Moxie Marlinspike, founder of Signal chat app, recently wrote a piece about his exploration of the technology and its merits, a good sign that tech companies are slowly getting interested in the technology behind Bitcoin and blockchain.
Ivar Auzins allegedly defrauded hundreds of investors and took off with at least $7 million through two unregistered digital asset securities offerings, according to the U.S. securities regulator.
The vice chair of the Financial Services Commission has asked the National Assembly in South Korea to reverse the ICO ban and instead regulate the industry to weed out scammers.
News reports have emerged that solidify arrest rumors surrounding Celsius Network CFO Yarom Shalem in Tel Aviv, allegedly in relation to investor fraud worth tens of millions of U.S. dollars.
Tether has provided a loan to Celsius Network and was the lead investor in a US$30 million funding round in 2020 for the so-called “cryptocurrency bank.”
Rivetz allegedly sold tokens that couldn’t purchase any good or service at the time of sale and raised $18 million while violating securities laws, according to the U.S. securities regulator.
In its warning note, the SEC said that investors should understand the full extent of the risks involved and look out for signs that could point to fraudulent schemes.
Seagal promoted the ICO of Bitcoiin2Gen without disclosing he was getting $1 million for his troubles. The actor agreed to pay $330,000 in fines but relocated to Russia.
The two raised $1.9 million by selling over 600 million native tokens, all while issuing false statements, presenting fake profitability statements and making unattainable promises to the investors, authorities said.
Jayceon Taylor, popularly known as The Game, promoted ParagonCoin, a blockchain project that claimed to be out to change the world of cannabis but collapsed under the weight of legal battles.