• Virgil Griffith is facing 20 years in prison (Lulu Lorien via Wikimedia Commons).
    Virgil Griffith is facing 20 years in prison (Lulu Lorien via Wikimedia Commons).
    People,  Technology

    Virgil Griffith formally charged over North Korea speech

    The former Ethereum developer has been indicted for conspiracy to use cryptocurrency to violate U.S. sanctions; co-conspirator to be arrested shortly

    January 9, 2020 /

    Former Ethereum developer Virgil Griffith has been formally indicted for conspiracy to violate North Korean sanctions after giving a cryptocurrency lecture at a North Korean conference. Prosecutors alleged that Griffith discussed how to use blockchain and cryptocurrency technology to launder money.

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  • Telegram CEO Pavel Durov is fighting The Man (via TechCrunch Disrupt SF, CC BY 2.0).
    Cryptocurrencies,  Regulation,  United States

    SEC: Telegram lied about its ICO

    The Securities and Exchange Commission is ‘deeply troubled’ by blockchain developer’s refusal to turn over bank records; Telegram condemns the SEC’s ‘scorched earth’ attack on SAFT utility token sales

    January 5, 2020 /

    The U.S. Securities and Exchange Commission asked a judge on Thursday to make messaging service turned blockchain developer Telegram open its books in an effort to stop what it believes is an illegal securities offering. Telegram raised $1.7 billion in the first quarter of 2018 by pre-selling 2.9 million gram tokens.

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