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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These ‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud

Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holder as part of a five-factor authentication process secured by a blockchain app being used by the largest ATM provider in the Middle East. Biometric Facial Recognition With Blockchain The ATMs are the result of a partnership between Alhamrani Universal (AU) and blockchain mobile-identity platform ShoCard. The five-factor authentication process includes facial scanning, the ShoCard ID, a QR code, session IDs, and timestamps among other certification methods

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Bitcoin Bull Max Keiser Blasts Billionaire Skeptic Warren Buffet as an ‘Unmitigated Fraud’

Bitcoin enthusiast Max Keiser took a gander at a recent letter Warren Buffett sent to Berkshire Hathaway shareholders and he wasn’t pleased at all. He saw the actions Buffett revealed in the letter as prime reasons people should buy Bitcoin instead of investing in the stock market. Keiser’s response included tweets and interviews over the weekend. He tweeted that the letter indicated that Buffett is not satisfied with the stock market. The points made in Buffett’s letter may have even helped push Bitcoin’s price above $ 4,100. #Bitcoin up on news Warren Buffett exposes himself in his annual letter as an

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Someone Please Let Jamie Dimon Know That His New Cryptocurrency is a Fraud

JP Morgan Chase and Co. announced Thursday it would be the first major institutional bank to release its own cryptocurrency. Its new JPM Coin is an almost shockingly impotent reaction to Bitcoin and other cryptocurrencies by the United States’ largest bank. Jamie Dimon Gets a New Toy Newsflash: Bitcoin Basher Jamie Dimon & JP Morgan Just Launched Their Own Cryptocurrency https://t.co/VciDixDldH — CCN.com (@CryptoCoinsNews) February 14, 2019 JP Morgan says you can now give them a dollar, and they’ll give you a JPM Coin, which you can redeem for your dollar with them any time. So they’re using JPM Coin

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Activision Blizzard May Be Accused of Securities Fraud by Investors

Pomerantz Law Firm has issued a shareholder alert and, it says, is investigating Activision Blizzard and its “officers” for possible securities fraud or other “unlawful business practices.” Activision Blizzard announced its split from Destiny creators Bungie on January 10. Immediately following the announcement Activision shares plummeted nearly 10%. Investors are concerned over the loss of

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