Hybrid AI Firm Cindicator Launches Crypto Fund Based on Hybrid Intelligence

Hybrid intelligence firm Cindicator is launching Cindicator Capital, a crypto hedge fund based on hybrid intelligence and quantitative research. In a press release on Dec. 11, the company said that this new crypto fund provides access to investment strategies based on hybrid intelligence data as well as quantitative research, which includes data from forecasts and decentralized analysts. Cindicator co-founder and CEO Mike Brusov said: “The Cindicator ecosystem is entering the next level of its development, preparing to start the onboarding of external capital from a fund of funds, family offices,…

Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO

The New York Attorney General (NYAG) Letitia James announced the conviction of Shopin founder Eran Eyal for orchestrating a fraudulent initial coin offering (ICO) following his guilty plea. As the NYAG announced on Dec. 12, the former CEO of Shopin pleaded guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million between August 2017 and April 2018. Eyal also pleaded guilty to defrauding investors of $600,000 by misrepresenting the staff and clients of his previous startup, Springleap. Quick turnaround in court Yesterday, the…

BlockFi to Offer First Interest-Bearing Crypto Accounts in Washington State

Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States. The firm explained that the license will allow BlockFi to be the first crypto company eligible to offer interest-bearing crypto accounts to Washington state residents. Furthermore, Washington residents will also have access to the firm’s trading service. The trading platform was announced by the firm last week. At the time the firm also noted that it was pursuing licenses to offer the service as broadly…

Review: Scorpion Case Is a Hardware Wallet Carrier That Over-Delivers on Protection

With self-sovereignty comes great responsibility. Being your own bank can be scary. After all, there’s a reason banks became a feature of modern society: they control the custody of assets, assume the risk of these assets and insure them for their customers.  This is why most Bitcoiners hold security as the highest virtue. If you want to be your own bank, you need to make sure you’re taking every step necessary and available to secure your bitcoin from theft, seizure and damage. In this regard, no measure is too extreme.…

Can IEO Cryptos Recover After MATIC’s Mysterious 70% Plunge?

One of Binance’s initial exchange offering (IEO) tokens, Matic Network (MATIC), dropped almost 70% on Dec. 10. Meanwhile, other IEOs such as Celer Network (CELR) and Harmony (ONE) also followed suit.  Based on the Ichimoku Cloud, MATIC’s trend now sits in jeopardy as CELR and ONE seem to have lost whatever momentum they were gathering for a potential uptrend.  MATIC dumps taking other IEOs with it Although the rationale for MATIC’s plunge still remains unclear, Samuel Gosling, the creator of Validity Crypto, a crypto asset assessment platform, sent out a…

Bitcoin’s first function is to clean up the mess left by fiat

International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the impact that cryptocurrencies generate in the global scenario and particularly in the Latin American region. With a talk entitled “Why Bitcoin Matters in Emerging Markets,” Keiser took the stage in his casual style, with a sports jacket and shorts, but mainly with a very critical tone towards trust money and the traditional economic and financial system. Keiser stressed that Bitcoin’s first function is to clean up the mess…