Crypto AriseCoin Creator Pleads Guilty to $4.2 Million Securities Fraud

An ICO fraud case has concluded with a guilty plea. Jared Rice Sr., the former CEO of decentralized bank startup AriseBank and creator of the AriseCoin, has pleaded guilty to cheating investors out of $ 4.2 million in a crypto scam reportedly guaranteeing double-digit returns. The announcement was made by U.S. Attorney for the Northern District of Texas Erin Nealy Cox after Rice was arrested by the FBI at year-end 2018. Rice has also since reached a settlement with the U.S. SEC in a civil action for which he and another former executive of the startup are on the hook for

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Ethereum Creator Suffers Blowback for Proposing New Crypto Wallet Fees

Ethereum creator Vitalik Buterin has proposed a “sustainable” way to fund cryptocurrency wallet development: a tiny per-transaction fee that goes to the wallet’s developers. Ethereum Creator: Crypto Wallets Should Charge Transaction Fees In his view, the fee should be the smallest unit of Ethereum and should be a flat fee, rather than a percentage, so as not to “create a perverse incentive to not optimize gas fees.” He also thinks there should be a transaction threshold, such as 1 million gas used to send transactions within the wallet. I propose we consider supporting a community norm that client/wallet devs can/should

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Watch: Ethereum Creator Says Crypto Projects Like EOS & Tron are ‘Centralized Piles of Trash’

At a recent cryptocurrency conference, Vitalik Buterin answered a question about whether an Ethereum upgrade would have “any transaction throughput goals.” Buterin took the opportunity to cast shade on Ethereum alternatives like EOS, NEO, and Tron. Ethereum Pioneer Throws Serious Shade at ‘Centralized’ Crypto Networks Buterin says: “So I’ve noticed a lot of misconceptions here. Because, like, there’s a lot of like, honestly, bad crypto projects that try to claim. ‘Oh, because we use fancy BFT, we can do 5,000 transactions per second and proof-of-work can only do 15.’” Buterin argues  that consensus is the important thing when talking about

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