NEW YORK (Reuters) – The chief executive of Shopin has pleaded guilty to felony securities fraud in connection with an estimated $42.5 million initial coin offering by his blockchain startup, the office of New York Attorney General Letitia James announced on Thursday. Eran Eyal, 44, of Brooklyn, also pleaded guilty to two felony counts of scheming to defraud in connection with his two prior companies, Passo Sync Inc and Springleap Inc. The attorney general said Eyal also agreed to step down as Shopin’s CEO, was ordered to surrender $450,000 of cryptocurrency related to Shopin and pay $600,000 to Springleap investors, […]
France’s “Monsieur Bitcoin” Jean-Pierre Landau released an initial report into July 5, claiming it was “neither desirable nor necessary” to regulate the technology. Government official and academic Landau consciously compares “technological” and “financial” innovation in the report, which runs to over one hundred pages. Some of the conclusions may come as a surprise to industry commentators, Landau arguing that over-regulation of cryptocurrency would constitute a “three-pronged danger.” “Direct regulation is not desirable as it would oblige us to define, classify and therefore constrict objects which are essentially fluid and still unidentified,” he wrote in a summary section on cryptocurrency. The […]
NOW THE END BEGINS SHARE: Yesterday, the payments firm Mastercard announced it is joining the ID2020 Alliance to explore digital identity solutions. We have been talking for decades about the coming cashless society, one in which buying and selling is controlled by a digital identification mark, and now we are so close to it that is less than two years away. NTEB was one of the very first news outlets to warn you, back on October 24 of 2019, about the company created and funded by Microsoft and Bill Gates, a company called the ID2020 Alliance. Now credit giant Mastercard has thrown […]
Commissioner Tom Flint told some miners that their industry is risky and unregulated and he wanted to make sure other ratepayers were protected. This content was originally published here.
AI ICO The idea of an Initial Coin Offering has entered the public parlance as part of the rise of cryptocurrency. Now, an ambitious artificial intelligence startup is using the funding strategy as a means of gathering the cash needed to jumpstart the development of a project: SingularityNET. SingularityNET aims to prevent control of advanced AI from being entirely in the hands of Silicon Valley. Instead, it will use AI blockchain technology to distribute access to a wide range of AI algorithms, even enabling them to learn how to work in unison. Click to View Full Infographic Companies and individual developers […]
Bitcoin prices trade firmly lower early Monday, after the digital currency over the weekend retreated below values at $7,000. This content was originally published here.
Blockchain technology forms the foundation for cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum, but it can be difficult to understand how it actually works. The Onion answers common questions about blockchain technology. This content was originally published here.
The cryptocurrency’s vulnerabilities to attack mean it is destined to play no more than a bit role in the global monetary system, a new study shows. This content was originally published here.
, the joint venture between blockchain distribution platform and has announced its unveiling of , a revolutionary blockchain platform and marketplace that will revolutionize how companies large and small do business. SophiaTX is the world’s first open-source platform to integrate blockchain technology with SAP. The system offers enormous potential for not just users, but the global economy as a whole. Worldwide, 87% of global businesses and 98 of the top in the world use SAP software. This accounts for up to $16 trillion of consumer purchases, and 74% of transaction revenue worldwide every year. Read here more creative ways companies are […]
Is bitcoin back in purgatory? Bart Smith, Susquehanna head of digital assets, discusses why he believes it’s ready for another breakout. With CNBC’s Phil LeBeau and Scott Wapner, and the Fast Money traders, Pete Najarian, Karen Finerman, Steve Grasso and Guy Adami. This content was originally published here.