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Steven Seagal in Hot Water With US Regulators Over Bitcoin

Written by:
Guest
Published on:
Mar/27/2018

The Bitcoiin 2nd Generation (Bitcoiin2Gen) project, backed by Hollywood action star Steven Seagal in the form of a brand ambassador, is the latest ICO in hot water and so too, it appears is Seagal himself.  Scroll Down for More

Having zero ties to the legacy cryptocurrency Bitcoin, Bitcoiin2Gen appears to be a pyramid scheme.

From CoinGeek.com:

Bitcoiin2Gen claimed to be based on the ethereum blockchain, with a mining component via a partnership with Dragon Mining. Bitcoiin holders were promised “considerable profit from holding” the coin through staking or depository process. The project also offered affiliate rewards for people who can bring “investor interest” ahead of its token sale.

These warning signals should be more than enough for potential investors in the cryptocurrency but apparently there’s more bad news for Seagal’s Bitcoiin. The New Jersey Bureau for Securities has issued a cease and desist order for the currency, calling it an unregistered security. It also pointed out the unclear relationship that Seagal has with the coin.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

On this week’s CoinGeek Conversations, we spoke to the Founder of Ifrah Law, Jeff Ifrah as he discussed NFTs, possible US regulations in the Gaming and Cryptocurrency industries.

The Bitcoin White Paper: Timestamp Server

The Bitcoin White Paper: Timestamp Server

Continuing to review the series of dialogues between Dr. Craig S. Wright and Ryan X. Charles, where they discuss the Bitcoin White Paper line-by-line, we come to the section concerning the Timestamp Server. Dr. Wright is the inventor of Bitcoin and the Chief Science officer at nChain while Ryan is the founder of Money Button. 

The Bitcoin White Paper: Stealing Bitcoin

In the video discussion about the second paragraph of the Bitcoin white paper between Dr. Craig S. Wright and Ryan X. Charles, the topic of honesty arose with regards to nodes and the security of the system. While there are a number of security features built in to blockchain, the idea of a rogue or criminal node stealing transactions is thwarted from an economic standpoint.  

The Bitcoin White Paper: Proof of Work and Network

The Bitcoin White Paper: Proof of Work and Network

In a series of YouTube videos, Dr Craig S. Wright and Ryan X. Charles discuss the Bitcoin white paper line by line. Their discussions both clarify the original purpose and intent of Bitcoin as well as inspire additional thoughts about and future uses of it. Having the creator of Bitcoin explain it in his own words certainly clarifies some of the areas that have been misunderstood by many for a very long time. 

The Bitcoin White Paper: Part One

The Bitcoin White Paper: Part One

Who better to discuss the nuances and mapping of Bitcoin with than the creator himself, Dr. Craig S. Wright. That’s exactly what Ryan X. Charles was able to do in an interview discussing the Bitcoin white paper, line by line. It was an opportunity to share with the world in an open discussion Dr. Wright’s creation and vision. Let’s take a look at some of the takeaways from that interview.

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