Blockchain Report 5/18/2018
Apple co-founder Steve Wozniak spoke highly about cryptocurrencies and blockchain technology at the WeAreDevelopers World Congress 2018 in Vienna, Austria. Wozniak believes that Bitcoin’s massive advantage is the fact that there only exists a limited amount of bitcoin, while fiat money, like the US dollar or euro, can be printed by banks. Wozniak mentioned at the event that he has sold all his Bitcoin except one “does not want to be an investor and constantly watch the prices.” Centra Tech ICO Fraud
Centra Tech raised $32 million in an initial coin offering last year. Authorities seized more than 91,000 Ethereum, worth more than $60 million according to the U.S. Attorney’s office.
U.S. Attorney Robert Khuzami said:
“The defendants conspired to capitalize on investor interest in the burgeoning cryptocurrency market… They allegedly made false claims about their product and about relationships they had with credible financial institutions, even creating a fictitious Centra Tech CEO. Whether traditional or cutting-edge, investment vehicles can’t legally be peddled with falsehoods and lies.” The three founders of Centra Tech (which was promoted by Floyd Mayweather and DJ Khaled) have been indicted by a federal grand jury and are accused of planning to defraud investors out of millions of dollars.
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Wozniak has a long history of speaking highly about technologies that people pay Wozniak to speak highly about. There is no news there.
The story about crypto-currency fraud and the state seizing Ethereum is far more interesting.
The crypto world could benefit by people developing databases about how much the state seizes along with when and why they seize it.
Upvoted! :)
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