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Cryptoknowmics Today's News Headlines 28 Feb 20

1. SEC Charges Actor Steven Seagal with Unlawful Promotion of ICO

US Securities and Exchange Commission (SEC) announced it had settled charges against Hollywood Icon Steven Seagal for failing to disclose promotional work revenue. SEC said in a Thursday Press Release how the actor failed to disclose being promised $250,000 cash and at least $750,000 worth of B2G tokens.

2. Ukraine Justice System Employee Charged For Illegal Mining Of Cryptocurrency

An employee of Ukraine’s State Judicial Administration has been charged in the mining case at his workplace. According to the reports, the IT officer was misusing his official position so that he could illegally mine cryptocurrency.

3. FCoin Resume Operations, Promises To Recover Lost Funds

FCoin, a cryptocurrency exchange from China, has now declared that it would restart its operations. Earlier, the exchange announced its insolvency and stopped its operations. A committee was established after the exchange declared bankruptcy, promising to return users' funds finally.

4. Changpeng Zhao, a Bitcoin Billionaire - Hurun Global Rich List

Changpeng Zhao, the CEO of Binance, is a Bitcoin Billionaire, according to the Hurun Global rich list of 2020. The list states that with an estimated $2.6 Billion in net worth,his stock has grown by leaps and bounds in the last year or so, given the exhilarating success of his multiple businesses in the crypto-verse.

5. Vitalik Buterin Rejects Stock-To-Flow’s Market Prediction For Bitcoin

The co-founder of Ethereum, Vitalik Buterin, on February 27, 2020, while criticizing the stock- o-flow’s prediction on twitter, mentioned that he does not believe that between 2021 and 2024, Bitcoin would trade at an average price of $100,000.

6. Roger Ver Playing Safe on Mining Tax Again, Fearing Outrage

The BCH mining tax reform has become an Achilles heel for the Bitcoin Cash community and it seems that it made Roger Ver take a step back as well. The controversial plan was an infrastructure funding one which would have required miners to donate a substantial percentage (12.5%) of the rewards earned by them.

7. Iranian General Calls For Use of Cryptocurrencies to Evade Sanctions

Saeed Muhammad, an Iranian general on Wednesday made another call on the use of digital currencies to slip away from heavy sanctions placed on the nation. In his speech on Wednesday, Muhammad urged the country to consider bolstering international investment using cryptos.

8. Crypto Startup Tagomi to Become Libra Association’s 22nd Member

New York-based prime crypto broker, Tagomi, is set to join the governing body of the Facebook-backed Libra coin as the 22nd member since the group was officially formed in October 2019. The brokerage startup was founded by Jennifer Campbell back in 2018.

9. Ripple’s Plea For Dismissing Lawsuit Gets Rejected By Court

The District Judge in California rejected Ripple’s plea for dismissing the class-action lawsuit against the company. On February 26, 2020, although, the judge rejected a few of the claims filed in the lawsuit against Ripple, it did not reject the claim which stated the Ripple has been selling unregistered securities to its customers.

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Top Crypto Gainers of the Day

1Egoras Dollar   64.59%
2MalwareChain   47.71%
3Intelligent Investment Chain   47.48%
4EveryCoin   46.40%
5ChronoCoin   44.91%

Top Crypto Losers of the Day

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2BORA   -29.41%
3LINA   -28.94%
4Swarm City   -28.86%
5Dynamite   -26.38%