Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country.
Ponzi Scheme Figure Arrested and Extradited to the US: OneCoin’s public face Sebastian Greenwood has been arrested and extradited to the US after the company collapsed amid Ponzi scheme allegations.
Greenwood was captured by authorities in Thailand who facilitated the transfer back to his country. The Federal Bureau of Investigation (FBI) has a USD 400 million indictment against Mark Scott, and Greenwood is also named. He disappeared back in 2016 just before the crash of the OneCoin scam.
Crypto VC Compares Bitcoin to Post 1990s Amazon: Lou Kerner, a Bitcoin investment VC has compared Bitcoin to the post dot-com bubble Amazon. Amazon remained strong after the bubble burst of the late 1990s and is one of the most valuable companies in the world right now.
According to Kerner, the volatility is part of any long-term investment remembering how in 2013, the value was down almost 70% in one night. He said:
“Nobody likes being down like this. But this is what investing in crypto is all about.”
Kerner is overall positive regarding the future of Bitcoin.
John McAfee Partnering with Art Firm to Auction Picasso’s Works: John McAfee, the eccentric Bitcoin billionaire has now teamed up with Maecenas and ERC-20 exchange Ethershift to auction Picasso’s paintings later this year.
The initiative called Project Phoenix will plan the auction for the unnamed Picasso and made the announcement on the Maecenas website.
According to the website:
“The auctioning process will be executed using Maecenas technology. The newly created digital asset, the first of its kind, will be represented as a single ERC-721 token for the digitalized artwork. A fixed number of ERC-20 tokens will separately represent shared ownership in the physical asset.”
It is expected that the BTC payment option will be available in the proceeding because of McAfee’s involvement.
IBM and Columbia University Promoting New Blockchain Startups with Latest Courses: Two blockchain accelerator programs are being offered at Columbia University in partnership with IBM for blockchain-based firms and innovators.
According to IBM:
“The goal of these programs is to help network founders develop their ideas into sustainable and scalable companies offering blockchain solutions. For those already further along in their journey, the programs are designed to help them achieve scale and build successful business networks.”
IBM is also willing to offer entrepreneurs and blockchain innovators access to expertise and resources for establishing new use cases and products.
Former SEC Commissioner Appointed in Director Role by Blockchain Company: Former Securities and Exchange Commission (SEC) commissioner Annette Nazarath has been unveiled as a Director by blockchain company BitFury.
With Nazarath’s extensive experience as a regulator, the company will have valuable insight into the workings of financial platforms and thus the ability to design their own system accordingly.
Colorado Regulator Closes 4 Initial Coin Offerings (ICOs) for Violating Laws: The Colorado Division of Securities has announced the closure of 4 ICOs who were found to be violating securities laws of the state.
Global Pay Net, CrowdShare Mining, Cyber Smart Coin, and Credits LLC were closed down by the government. Two more ICOs are expected to meet the same fate in the near future. A total of 24 cease and desist orders have been issued by the state commissioner in total.
Lawmakers Calling for AML Regulations: Canadian lawmakers are looking to tighten cryptocurrency regulations in the country to fight Anti-Money-Laundering (AML) and other illicit activities in the country.
The Blockchain Association of Canada is against the new proposed legislation in the country and is asking the government to cooperate with the sector instead of imposing unilateral sanctions.
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