Digital justice shall be served. A US man was found guilty of running a fraudulent Ponzi scheme involving Litecoin. The upshot is $1.1 million fine and 15 months in prison.
Joseph Kim of Phoenix, Arizona has received a stringent fine to the tune of $1.1 million and sentenced to 15 months incarceration after he was found out to be running a Ponzi scheme involving Litecoin and Bitcoin. The US Commodity Futures Trading Commission has acted swiftly, publishing the report on November 9.
Mr. Kim was found guilty of defrauding his employer, a Chicago-based trading company, which the guilty party led to believe was investing via cryptocurrencies when, in fact, the company was [...]
A new report has outlined certain security risks in the Ethereum smart contracts system, which may lead to endangering the entire foundation of the concept. With this in mind, the report explored the “lack of diversity,” which has been cited as a possible problem for a while now.Ethereum’s Inherent Security Problems
According to a new reporting called Analyzing Ethereum’s Contract Topology, the tech was cited as highly vulnerable as it was easily exposed to a variety of lurking dangers from its so-called lack of variety. The authors of the report outlined a disconcerting future for the entire technology and the underpinning mechanism of it.
According to the research [...]
Amid the recent scandals involving crypto-exchanges, Coinbase is back in the news. The company has decided to cut 15 jobs, which has prompted swift action on the part of employees who are now demanding for compensations or outright keeping their jobs.Coinbase Cuts 15 Employees Loose – Rumors
US-based cryptocurrency exchange and wallet provider Coinbase may be on the verge of cutting loose 15 of its employees. Following a spate of hires in 2018, adding to the total number of employees by 250, the company is now considering bidding some of these people goodbye.
The organization has now decided that some people will have to go which is quite the interesting [...]
‘We don’t need no education’ sounds familiar, doesn’t it? It’s one of the most iconic refrains in a song in living history. And with this in mind, let’s focus on what sort of education we don’t need. Certainly, the education system worldwide seems ossified and this is simply not sexy.
But there are more ways to change education. And specifically, blockchain education. That’s why the Gibraltar Government is focusing on teaching everyone how to access these courses indeed. With this in mind, let’s dive right into it.Launching Blockchain Education for Everyone
The Government of Gibraltar has embarked on a great task – educating everyone in the territory and [...]