19 cryptocurrencies platform that shows signs of fraud was listed by Belgium’s Financial Services of a high risk of fraud. However, the companies that were being complained and filed report about were not listed by the Authority.
The Praetorian Group known as the ‘Cryptocurrency Real Estate Investment Vehicle’ has approached the U.S. Securities and Exchange Commission to list its $75 million ICO as securities. On SEC’s approval, Praetorian will commence the first registered ICO. The tokens would be offered at the rate of $5 per token attributed to Ethereum, Bitcoin, and Litecoin.
Nearly 400,000 computers have been hacked to disseminate cryptocurrency mining malware. The computers in Russia, Turkey, Ukraine and other countries were hacked using Trojans. Microsoft revealed that nearly 73% computers were hacked in Russia, 18% in Turkey and 4% in Ukraine. Microsoft has blocked nearly 400,000 sites.
The bills that restrict the public post-retirement benefit funds from making crypto investments was passed by 10-0 vote at the Tennessee Senate. The House Bill 2093 would alter the existing provision. It would include, “notwithstanding any law to the contrary, the trustees shall not invest in any cryptocurrency.” If approved by the chamber, the public trustees would be prohibited from crypto investments.
The subcommittee of the U.S. House of Representatives Financial Services Committee has scheduled to commence a hearing on cryptos and ICOs by next week. The hearing titled ‘Examining the Cryptocurrencies and ICO Markets’ will happen on 14th March.
Brian Quintenz, the commissioner of CFTC, emphasized the need for a self-regulation of cryptocurrency market at the D.C. Blockchain Summit. He believes that a private crypto regulatory body could connect with the status quo and future government regulatory action on cryptocurrencies.
The KODAKCoin would undergo ‘significant trading restriction’ if the SEC categorizes it as a security. KODAKCoin is presently sold through Simple Agreements for Future Tokens (SAFTs) as developed by WENN Digital. The company disclosed, “KODAKCoin as securities will be subject to a significant restriction on resale and transfer in the absence of registration under Securities Act.
The Australian Federal Police (AFP) is probing two officials of the Bureau of Meteorology. They have been suspected to have used the bureau’s computer systems to mine cryptocurrencies. No charges have been registered yet. The employees have been approached with a search warrant.
The New Jersey Bureau of Securities has accused Bitcoiin with a cease-and-desist order stating that it has issued unregistered securities. The company organized an ICO endorsed by Steven Seagal. There was insufficient information about the ‘Bitcoiin developers, officers, managers, employees and directors.’
MT. Gox hacked account revealed to be linked with one UK company. The hacked stole almost 650,000 bitcoins left traders with an empty pocket. According to Duncan Hames from Transparency International said: “People laundering money will set up a network of companies to create layers between the original crime and their attempts to then integrate the proceeds of their crime into the economy.”