Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million
Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According to the report, MTI’s haul is significantly higher than that of Forsage and J-enco, the next biggest scams. Both scams raked in less than $350...
Elon Musk Could Face SEC Investigation Over Tesla’s Bitcoin Buy, Lawyers Warn
The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla’s $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Given the timing of Tesla’s bitcoin purchase and Musk’s multiple tweets on the subject, some say that the SEC will look into the matter. Elon Musk Could Face an SEC Probe Regulators could probe Tesla CEO Elon Musk over his company’s bitcoin...
Candidate for Mayor Andrew Yang Plans to Make New York City a Bitcoin Hub
Former presidential candidate Andrew Yang is running for mayor of New York City. He has promised that as mayor he would invest in making the city “a hub for bitcoin and other cryptocurrencies.” Yang is also pro-universal basic income (UBI) and wants to launch “the largest basic income program in history.” Andrew Yang Promises to Turn New York City Into a Bitcoin and Crypto Hub as Mayor Entrepreneur and former presidential candidate...
Amazon & eBay Make Progress With Their Pirate Streaming Box Problem
Three years ago, “Kodi Box” fever was ripping through piracy circles, with the popular media player persistently linked to infringing addons providing free access to the latest movies and TV shows. As time progressed the term “Kodi Box” was regularly used to describe any set-top device that could be used to obtain pirated content for free, while Kodi itself found itself playing a diminishing role as more convenient piracy-focused...
Cox Appeals $1 Billion Piracy Damages Verdict, Doesn’t Have to Pay Yet
Two years ago Internet provider Cox Communications lost its legal battle against a group of major record labels. Following a two-week trial, a Virginia jury held Cox liable for pirating subscribers which it failed to disconnect, ordering the company to pay $1 billion in damages. Heavily disappointed by the decision, Cox asked the court to set the jury verdict aside and decide the issue directly. In addition, the ISP asked to lower the...
