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 [...]
The Bitcoin market is in a constant state of fluctuations. Things go up and they go down. Such is the nature of the game. However, on October 11, the market took a turn for the worse, plunging sub its $200 billion benchmark for the first time since September 20. Despite the temporary confusion and panic, things have already been getting bigger and better.
Most currencies are on their way back to their pre-mini-crisis level. So, what happened with the top performers?TRON/USD
TRON has been doing quite alright by all standards. Its market capitalization has been comfortably lodged above the $1 billion mark, allowing for some strong customer base and somewhat [...]
Blockchain is more than a fad. The technology’s incredibly resilience and formidable functionality has allowed many businesses to now look at the future full of hope. Simple as it is, blockchain offers quick solutions to complex problems. How do you transfer goods around the world when so many systems are involved? How do you know that a transaction has been successfully concluded?
Well, it all boils down to blockchain. This automated public ledger is indeed quite the solution, as it allows for swift way of dealing with all the necessary redtape. Moreover, the system can prove a real boon to any business that is indeed trying to bolster up its own facilities and online [...]
Today, September 09, has been a rather auspicious day for Bitcoin. Just mere hours ago, Bitcoin went up from $6,190 to $6,450, and let’s face it – this is rather good news, or isn’t it? The jump in the value of BTC has been a much refreshing event, as we have all become painfully accustomed to listen about the latest slump.
Given how much beating the Coin had taken in recent months, most recently on September 5, it’s difficult to imagine anyone expecting it to jump back today. Analysts were certainly not expecting anything of the sort.
What Caused the Slump on 5th of September
September is known as the month of plots. After all, a famous and very [...]