The SEC Suspects the Founder of TechCrunch of Illegal Activities 272

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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The Co-Founder of Apple Announced the Launch of His Own Blockchain-Based Project 213

interview with steve wozniak

Steve Wozniak, the co-founder of Apple, took part in an exclusive interview at the conference ChainXchange and talked about his attitude towards Bitcoin and cryptocurrencies in general and also shared his plans for the blockchain technology:

I like to keep up with things… Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year; Bitcoin was immune to that.

We want to point out that the famous American inventor, electronic engineer and programmer was not particularly interested in the subject of cryptocurrency in the fall of 2017 and even sold all his Bitcoins. Back then he found that cryptocurrencies only brought “anxiety”, but now, he seems to have learnt more things about the advantage of the blockchain technology:

At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works, and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!” said Wozniak.

After that, the co-founder of Apple made a sensational statement: he himself is going to start working with blockchain. According to him, this will happen “very soon”, the project is likely to be launched in Malta:

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference. Some countries are very positive about [blockchain]the same way they were about electric vehicles.

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The Chinese Crypto Rating Welcomes New Coins While EOS Remains #1 226

chinese crypto rating

Taking into account all the crypto novelties, China Electronic Information Industry Development updated its previous ranking of the best digital coins. Some cryptocurrencies managed to keep their position or even climb up, others lost their ground.

The list of the best 5 coins currently looks in the following way

  1. EOS
  2. Ethereum
  3. Komodo
  4. Nebulas
  5. NEO

Ethereum and EOS are keeping their positions, they once more proved to be best in terms of technology, application and innovativeness. The “lucky” coins of the previous rating Lisk and Stellar have both lost 2 positions, whereas Bitcoin has climbed from the 17th to the 10th place. However, the next rating might change the things drastically.

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Ripple Wonders Why The SEC Has Not Come Up with Cryptocurrency Status Yet 329

crypto status

We all remember the loud statement of the Securities and Exchange Commission which clearly said that the world’s two most popular digital coins (Bitcoin and Ethereum) do not comply with the definition of a security. What about other altcoins?

The representative of Ripple contacted the SEC not so long ago, asking why they have not yet determined the official status of cryptocurrencies. In response, the Commission’s spokesperson stated:

The SEC has not made a determination as to whether any specific cryptocurrency may be deemed a ‘security’ under the federal securities laws.

This answer is not quite informative, thus, we only have to wait upon the decision of the SEC.

We remind you that the SEC will take the decision concerning Bitcoin ETF in September of this year.

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What Does John McAfee Have to Say About Bitfi, His Future Projects and Crypto in General? 514

interview with john mcafee

John McAfee is a very eccentric but still popular crypto personality. His every action and word instantly draws attention. Thus, we absolutely could not miss an interview that he gave to ETHNews discussing a couple of important issues.

Firstly, McAfee addressed the infamous story with Bitfi which we have thoroughly covered on our news portal. Many people were confused by McAfee’s behavior, thinking that he lied to all of his followers and customers. However, the “accused one” had an explanation for that:

My job is to market this thing [Bitfi]. How better to market it than to create a controversy?

Basically, McAfee admitted that he intentionally started all this drama with Bitfi to attract more attention to his wallet.

The crypto enthusiast also talked about a new big project – his own version of the CoinMarketCap, called McAfee Market Cap, and the further development of a decentralized crypto exchange. Though the program was launched, the developers had to take it down to introduce some upgrades and improvements.

Of course, the topic of possible running for presidency was not left out of the conversation. Here McAfee claimed that he is not interested in being the US President, he only intends to run for the post. According to him:

The act of finding and creating the president – that’s what changes America. So I want to be involved in that.

Overall, McAfee is very satisfied with everything he’s currently doing and the influence that he has on the financial world. He even modestly called himself “one of the premier technologists of this world”. However, only the time will show whether his ambitious plans will come true.

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A Crypto Movie with Kurt Russell Will Soon Come Out 488

crypto movie

As we reported earlier, Hollywood started working on a film directly involving the topic of cryptocurrency. The producers have recently disclosed a couple of interesting details about this movie, besides its star-studded cast.

The plot of this thriller will wheel around the complicated world of money laundering, fraudulence and scams involving digital currencies. The main character, played by Beau Knapp, is going to unravel the dark secrets of this world.

The producers admit that they don’t have enough knowledge about crypto and trust specialists to handle the technical part, however, they have overall positive comments about it:

We hope it lasts for a long time…That’s one of the reasons why we wanted to do the film. We’re not into fads. We hope it stays around for a long time.

The official release of the movie is scheduled for 2019.

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The Viewers of Adult Videos on Pornhub Will Receive Cryptocurrency Rewards 2652

Pornhub

The company Tube8, owned by the popular adult entertainment site Pornhub, is planning to move onto blockchain and tokenize the platform completely. To do so, it will be cooperating with Vice Industry Token.

The visitors of the Tube8 will soon get a chance to receive tokens for performing certain activities on the platform.

The purpose of this upgrade is mainly keeping the viewers. The representatives of Tube8 believe that a regular viewer just watches a couple of videos and leaves, whereas if he/she can potentially be rewarded for doing this, it will be encourage the person to register an account or at least return to the site afterwards.

We would like to remind you that Pornhub has recently started accepting crypto as a payment option for its premium account.

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