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Thailand’s Securities and Exchange Commission (SEC) plans to lift restrictions on retail investment in initial coin offerings (ICOs). The SEC aims to permit bigger investments in asset-backed ICOs, including those backed by real estate and infrastructure. (Read More)
The recent revelation that former President Trump’s cryptocurrency portfolio primarily consists of Bitcoin has caught many by surprise. Analyses by Bitwise, a leading crypto fund manager, revealed that Trump’s crypto holdings are larger than initially estimated. This news has sparked widespread interest in the crypto community, as Trump’s endorsement of Bitcoin could potentially lead to [...]
The post Bitwise Predicts Trump’s Cryptocurrency Holdings Will Primarily Consist of Bitcoin, Surpassing Initial Estimates appeared first on Crypto Breaking News.
<p>The Founder and Chief Executive of Titanium Blockchain Infrastructure Services (TBIS) received a prison sentence of four years and three months for defrauding initial coin offering (ICO) investors of $21 million. </p><p>Titanium Blockchain CEO Receives Sentencing </p><p>The sentencing came after Titanium Blickchain’s CEO, Michael Alan Stollery, <a href="https://www.financemagnates.com/cryptocurrency/news/titanium-blockchain-ceo-pleads-guilty-to-21-million-ico-scam/" target="_blank" rel="follow">pled guilty to one count of securities fraud</a> last year. The maximum sentencing for that charge is up to 20 years, but Stollery only received a third of it. </p><p>The US Securities and Exchange Commission (SEC) acted on Titanium ICO before criminal charges were brought against Stollery. The regulator stopped the ICO in May 2018 after it <a href="https://www.financemagnates.com/cryptocurrency/news/us-sec-charges-australian-man-for-41m-ico-fraud/" target="_blank" rel="follow">defrauded ICO investors</a> in the US and abroad. The fraudulent project raised $21 million in merely three months, from December 2017 until March 2018, when the ICO market peaked. </p><p>Another Fraudulent ICO </p><p>Titanium Blockchain offered cryptocurrency investment opportunities through its native token, BAR. However, Stollery promoted the ICO to investors with a series of false and misleading statements. Through its white paper ad social media promotions, the fraudulent project was touted to have relationships with the Federal Reserve and dozens of prominent companies, including PayPal, Boeing, and Walt Disney. </p><p>In the guilty plea, the 54-year-old CEO admitted to falsifying the promotional documents to lure investors. </p><p>The extension of the fraudulent ICO went further as Stollery did not invest the collected funds in any blockchain development. Instead, he misappropriated the ICO funds comingling with his personal funds, using a portion of it for personal expenses, including purchasing a condominium in Hawaii. </p><p>The authorities categorized the BAR token as unregistered security and blamed Stollery for failing to register with the SEC or receive an exemption from registration requirements.</p><p>A Failed Exit Strategy</p><p>The <a href="https://www.financemagnates.com/cryptocurrency/news/sec-stops-titanium-ico-defrauding-investors-21-million/" target="_blank" rel="follow">actions of the securities regulator</a> against Titanium Blockchain came after the project announced the theft of a massive amount of tokens from its wallets. The revelation in February pushed the BAR token prices down by 95 percent, forcing cryptocurrency exchanges to halt trading it.</p><p>US law enforcement has criminally persecuted the mastermind of several cryptocurrency frauds. Earlier this month, <a href="https://www.financemagnates.com/cryptocurrency/crypto-miner-gets-3-years-in-us-prison-for-fraud/" target="_blank" rel="follow">Chet Stojanovich received a three-year jail sentence</a> for scamming more than a dozen cryptocurrency mining equipment buyers of over $2 million. Moreover, he was ordered to forfeit more than $2.15 million and provide restitution of over $2.1 million for the victims. </p><p>On top of that, the mastermind behind the fraudulent forex and cryptocurrency trading platform <a href="https://www.financemagnates.com/cryptocurrency/eminifx-leader-pleads-guilty-to-248-million-fx-and-crypto-fraud/" target="_blank" rel="follow">EminiFX</a>, Eddy Alexandre, pled guilty to soliciting more than $248 million in investments from tens of thousands of investors. He pled guilty to one count of commodities fraud and now faces a maximum prison time of 10 years. Furthermore, he agreed to forfeit about $249 million and pay restitution to the victims.</p> This article was written by Arnab Shome at www.financemagnates.com.
Michael Alan Stollery raised around $21 million from late 2017 to early 2018 through his fraudulent investment platform TBIS.
Quantstamp has agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million.
ParagonCoin, a crypto startup backed by rapper The Game, had its license revoked by the SEC for violating securities laws by failing to file periodic reports. The startup had held a $70 million initial coin offering in 2017, and in 2021, was found liable for more than $12 million in a class-action lawsuit. Meanwhile, other rappers like Snoop Dogg and Eminem are entering the Web3 space with NFTs and new startups. (Read More)
Gemini co-founder Cameron Winklevoss says that global investment bank Houlihan Lokey is working to resolve liquidity issues at the exchange.
The digital age has ushered in a new era of convenience and security when it comes to our personal belongings. In the past, if we wanted to move money or other assets around, we had to rely on physical means like cash or checks. This was not only inconvenient but also risky. With the advent of digital assets, we now…
The post The Benefits of Using Digital Assets: Portability, Convenience, and Security appeared first on DiamCircle.
Created back in 2017 by Anatoly Yakovenko, Solana is a new blockchain platform that aims to provide users with faster and more efficient transactions. The Solana team claims that its platform can handle as many as 65,000 transactions per second, making it one of the fastest platforms in operation. In addition, Solana plans to offer […]
Initial DeX Offering (IDO) is a hybrid of ICO and IEO; the only difference is that centralized exchange (CEX) is replaced by decentralized exchange (DEX). The only difference is that IDO is replacing the centralized exchange (CEX) with a decentralized exchange (DEX). For the purposes of ICOs, IEOs are managed by cryptocurrency exchanges rather than selling tokens directly to the…
The post What is the Difference Between an ICO and an IDO? appeared first on DiamCircle.
The Initial Litigation Offering is being used to help a hemp grower crowdfund legal fees in a fight against California, and has important implications for a new type of fund raising with crypto.
Most exchanges accept some form of a bank account or bank transfer as a payment method for Bitcoin. You can use a Bitcoin debit card or withdraw cash from ATMs (Visa and Mastercard are also accepted). In the US, you can withdraw your Bitcoin with an ACH transfer, which can take up to five days. Many banks do not charge…
The post All You Need To Know About Bitcoin and Its Transactions appeared first on DiamCircle.
Solana blockchain might not be ready for scaling up to its full specification as the SolRazr IDO was cancelled in its original form on the request of Solana Labs team, the official Twitter confirmed on Oct 6. The request for cancellation resulted from the fear that the incoming IDO might cause another large spike in network activity and thus cause a network meltdown and outage, similar to the one experienced on Sep 14, which saw the Solana blockchain go down for around 18 hours.
https://twitter.com/Solrazr_App/status/1445672736248848395Last month, the Solana blockchain encountered “excessive load and memory consumption” resulting in continuous network forks and nodes going offline, starting on Sep 14 and lasting until the next day. The cause at that time was reported to be bots spamming the Grape IDO with high number of transactions, active at that time. Solana doesn't appear to have proper resource management and effective protection against DDoS, which are likely to be related to the immensely low cost of executing such an attack.
Now, bots attempting to overwhelm the initial phases of an initial decentralized offering (IDO) isn't unheard of and regularly happens as the bots try to scoop up as much allocation as possible, selling it later after raising the price. Generally, the probability and extent of bots spamming is directly proportional to a project's popularity as the exit liquidity for the bots can be reasonably assured. The cost of token acquisition rises for the actual participants and it's harmful to the fair distribution aim.
https://cryptoticker.io/en/5-cryptocurrency-experts-thoughts-after-the-bitcoin-crash-and-how-solana-has-escaped-it/SolRazr changed their initial decentralized offering (IDO) model on Solana Labs request, but didn't specify as to what changes were made. This didn't affect the IDO timeline, but only the manner in which it was conducted. However, such type of requests from the developer teams are uncommon and it is surprising to see that the main issue wasn't fixed, after the last network meltdown, but merely the blockchain was restarted by the validator committee.
https://cryptoticker.io/en/blockchain-trilemma-explained/The actual statements from the Solana Labs reads: Today, Solana Labs requested SolRazr team to postpone their IDO or change the IDO model as engineers are still working on preparing Solana network to handle large AMM-style IDOs as part of the 1.7 validator release. While there are no problems with SolRazr’s platform, Solana Labs is concerned that SolRazr’s IDO could create conditions similar to that of the Grape IDO, which caused the network to halt for 18 hours. Our sincere apologies to the SolRazr community for requesting the change.
solana labs solrazr IDO© Cryptoticker
The post Solana Labs Asked SolRazr IDO To Stop IDO Fearing Another Network Meltdown appeared first on CryptoTicker.
Solana blockchain might not be ready for scaling up to its full specification as the SolRazr IDO was cancelled in its original form on the request of Solana Labs team, the official Twitter confirmed on Oct 6. The request for cancellation resulted from the fear that the incoming IDO might cause another large spike in network activity and thus cause a network meltdown and outage, similar to the one experienced on Sep 14, which saw the Solana blockchain go down for around 18 hours.
https://twitter.com/Solrazr_App/status/1445672736248848395Last month, the Solana blockchain encountered “excessive load and memory consumption” resulting in continuous network forks and nodes going offline, starting on Sep 14 and lasting until the next day. The cause at that time was reported to be bots spamming the Grape IDO with high number of transactions, active at that time. Solana doesn't appear to have proper resource management and effective protection against DDoS, which are likely to be related to the immensely low cost of executing such an attack.
Now, bots attempting to overwhelm the initial phases of an initial decentralized offering (IDO) isn't unheard of and regularly happens as the bots try to scoop up as much allocation as possible, selling it later after raising the price. Generally, the probability and extent of bots spamming is directly proportional to a project's popularity as the exit liquidity for the bots can be reasonably assured. The cost of token acquisition rises for the actual participants and it's harmful to the fair distribution aim.
https://cryptoticker.io/en/5-cryptocurrency-experts-thoughts-after-the-bitcoin-crash-and-how-solana-has-escaped-it/SolRazr changed their initial decentralized offering (IDO) model on Solana Labs request, but didn't specify as to what changes were made. This didn't affect the IDO timeline, but only the manner in which it was conducted. However, such type of requests from the developer teams are uncommon and it is surprising to see that the main issue wasn't fixed, after the last network meltdown, but merely the blockchain was restarted by the validator committee.
https://cryptoticker.io/en/blockchain-trilemma-explained/The actual statements from the Solana Labs reads: Today, Solana Labs requested SolRazr team to postpone their IDO or change the IDO model as engineers are still working on preparing Solana network to handle large AMM-style IDOs as part of the 1.7 validator release. While there are no problems with SolRazr’s platform, Solana Labs is concerned that SolRazr’s IDO could create conditions similar to that of the Grape IDO, which caused the network to halt for 18 hours. Our sincere apologies to the SolRazr community for requesting the change.
solana labs solrazr IDO© Cryptoticker
The post Solana Labs Asked SolRazr To Stop IDO Fearing Another Network Meltdown appeared first on CryptoTicker.
Like many leftist advocates of the digital dollar, experts say the blockchain technology that underpins cryptocurrencies does not require enough centralized trust. They see a forward-looking Ecash solution as a populist tool to combat inequality and make money more democratic by offering a token-based digital currency that stores assets such as a card or parallel account based on ledger technology…
The post Is the US Economy Really Switching Over to Cryptocurrency? appeared first on DiamCircle.
Everything you need to know about Ethereum Ethereum is a blockchain-based software platform that is essentially used to help the world’s second-biggest cryptocurrency or digital currency by market capitalization after Bitcoin. Like other cryptographic forms of money, Ethereum can be utilized to send and receive all around the world without any others accessing your transactions or watching them. The fundamental…
The post A Beginner’s Guide to Ethereum appeared first on DiamCircle.
As NerdWallet authors have noted, cryptocurrencies like Bitcoin are not safe, and prominent voices in the investment community have advised investors to stay away from them. A German fund targeting institutional investors has invested half of its assets in cryptocurrencies and managers are expected to take a cautious approach to weigh the risks of placing client funds in an extremely…
The post How To Convince My Wife To Have Us Invest In Bitcoin? appeared first on DiamCircle.
While the world believes in “financial freedom,” It is relatively easy or often to notice equality on this topic called “financial equality” among all genders. It has always been men’s space. From physical cash to digital currency or cryptocurrency, men ruled it. For a change, in this 21st century, we began to see women walk into the finance space. From…
The post The Rise Of Women Investors In Crypto Market appeared first on DiamCircle.
Live games provider TVBET has announced a new deal with Polish bookmaker Betclic.pl. Two selected TVBET games will be available for Betclic customers at launch. Both companies came to this agreement under a single mission — to provide even more high-quality opportunities for customers and diversify their leisure. TVBET doesn’t stand still and continues […]
The post TVBET Strengthens Its Positions In Poland Through A Deal With Betclic appeared first on FortuneZ.
Bitcoin is everything we wanted now! All the eyes on it. A few pronounce that the most popular cryptocurrency has no future and is dead. And its defenders say that its value will soon skyrocket up to 10, 100, or a thousand times more. What is reality? Bitcoin is around 12 years old. Of which only a few could estimate…
The post The Trend of Bitcoin Goes On and On! appeared first on DiamCircle.
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