The SEC Suspects the Founder of TechCrunch of Illegal Activities 167

The SEC Suspects the Founder of TechCrunch of Illegal Activities

The investigation by the Securities and Exchange Commission (SEC) regarding the ICO area is a very large project, which we covered earlier and this time it concerned Michael Arrington, the founder of the online edition TechCrunch.

.The SEC sent a subpoena to Arrington, who, however, responded rather calmly.

“We received a subpoena. Every cryptofund I’ve talked to has received one. That’s fine. They just have to figure out what they want. They need to set up rules so we can all follow them, and the market is begging them for that”,  Arrington said in a phone interview with CNBC on Thursday.

In November of last year Arrington announced the launch of the hedge fund Arrington XRP Capital, which he intended to collect investments of $100,000 for, invested into the development of the decentralized Internet browser Blockstack and became an adviser of the marketplace Propy. By the way, he purchased an apartment in the Ukrainian city Kiev for Ethereum through this marketplace.

Arrington explained the situation on his Twitter. He says that he received the subpoena as an individual and it is not even connected with his projects, but with the company which he invested into last summer and he has not publicly informed about it anywhere.

Supposedly this situation could result from the fact that Michael Arrington wrote several tweets in February, criticizing the actions of the SEC. Although he deleted his remarks after a while, there were screenshots of his statements.

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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