Latest in Cryptocurrency
On Nov. 14 in the U.S. District Court for the District of Massachusetts, Eric Meiggs and Declan Harrington were charged with wire fraud, computer fraud and aggravated identity theft, among other charges. The indictment alleges an extensive nationwide scheme to steal victims' social media accounts and cryptocurrency. The full indictment is available here and below.
On June 18, Facebook announced its forthcoming cryptocurrency, Libra. The company says it intends to integrate it into Facebook’s Messenger and WhatsApp products. Although Facebook says it has created an “independent” subsidiary, Calibra, and purports that the currency itself will be controlled by an independent Libra Foundation, the coin is really a Facebook project.
China put its red-hot cryptocurrency market on ice last month when it shut down bitcoin exchanges and banned initial coin offerings (ICOs), an emerging tactic through which cryptocurrency ventures raise capital by selling investors a percentage of newly released coins.