Seagal agreed to a $314,000 fine for failing to disclose that he had been promised $1 million in cash and cryptocurrency for promoting Bitcoiin2Gen's initial coin offering.
Despite an overall blockbuster year for Fintech, there was a blockchain bust, with investment falling substantially in 2019, according to KPMG. Global private investment in blockchain and cryptocurrency dropped from $6.3 billion in 2018 to $4.7 billion last year.
Before the presidential campaign, John McAfee had long been known in the crypto space for his contentious Twitter account, where he used to promote altcoins in between tweets about bitcoin’s price (with infamous phallic bets) and alternate history. Now, however, the altcoin promotions are off the table—but the conspiracy theory claims are definitely not—as McAfee gears up for a 2020 U.S. presidential campaign that has the catchy slogan, “Don’t Vote McAfee.”
A new bill seeking to regulate New Jersey crypto companies working with digital assets and financial services is a big improvement over last year’s version, industry insiders said this week.