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Cryptodevil - Have you invested anything in all this? Reason I'm asking is because you seem to be able to spend more time on this than anyone else.
My next article will reveal all the answers to your questions and you will see for all the time you've spent on this, you've gotten so much wrong yourself.
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Thanks Astmandu! Yes the Mr.Malik situation will become a lot clearer after the next article. I will also be touching on Vanbex who at the minute just look like they were smarter than me, spotted something and pulled away sooner.
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Hello Astmandu and thanks for the polite and imformative reply. Yes I am privy to a lot more and will definitley be reporting on it. Believe me this isn't as straight cut as it looks as I'm sure you have noticed during your attempts to research before investing as a lawyer.
The business lawyer that is investigating and giving me legal advice on how to deal with this is a personal friend involved in this industry a long time and detests scams and fraud ruining the reputation of this industry. We have all worked hard for many years for nothing to help bring it to where it is today. He is not covering CoinTelegraph in all this, I believe that is my job as I was the journalist who was contacted and first reported on it. CoinTelegraphs hands are clean and no money was recieved by them or me! It was me who didn't do my due dilligence properly and ask for evidence of offices and a headcount of staff.
At that stage there was no evidence to even think the website was a copy of other legitimate companies, congrats to the poster who spotted that!
I also have no access to the platform as of yet like yourself but I see a guy on the Github page has and isn't impressed.
I have learned a massive lesson from reporting on this company Astmandu and don't believe I will ever touch a crowdfunding article ever again. Hindsight is a great thing and so much has came to light since that wasn't available to me then.
Are many involved in filing with actionfraud? I went through all this with the Viper ASIC company before and years later it still has amounted to anything, hopefully this will be different.
The business lawyer is also following this thread and I have no doubt he will take what you've said onboard and thank you!
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Hello Cryptodevil, it's a pleasure! This is Niall...
In regards to the claims of fraudulent misrepresentations from that company, all I can say at this stage is that according to lawyers this is a very complex case and at the time of publication of the last article, it couldn't be "legally branded a scam or fraud." This isn't to say that as more deep investigations are carried out & revelations discovered & connections made it won't turn out to be or hasn't already.
I appreciate what you are doing here, but ask for your patience as there are professional people looking into all of this who are more qualified than me & until they can "legally brand it a scam or fraud" no matter what my personal view I will wait for formal clarification from them before publicly stating so in an article.
I myself have invested 1 btc in this crowd sale, have never received a cent from that company for anything and will be updating things with more in depth details in the next article than in the first.
Keep up the good work!
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Nigel Farage, the former Ukip leader's closest aide George Cottrell who runs Mr Farage’s private office, is in custody in the US awaiting trial on 21 charges including attempted extortion, money laundering and fraud after allegedly being caught in an FBI sting accused of offering to launder money for drug traffickers after advertising his services on the dark web. The 22-year-old, whose former glamour model mother once dated Prince Charles, used the dark web websites that offer privacy because they are difficult to be traced and need special software called Tor to access. But the ‘drug traffickers’ he is alleged to have dealt with were really undercover FBI agents. https://cointelegraph.com/news/nigel-farage-former-aide-allegedly-caught-in-fbi-dark-web-sting-operation |
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The Irish High Court has ordered the extradition to the United States of Gary Davis, a 27-year-old from Johnstown Court in Kilpedder, Co. Wicklow, who is alleged to have been an administrator of the Silk Road website that dealt with illegal drugs and hacking software. He is wanted by US authorities on charges of conspiracy to distribute narcotics, conspiracy to commit computer hacking and conspiracy to commit money laundering. Squeezed but pleased The judge, Mr Justice Paul McDermott, rejected all grounds of Mr Davis’s opposition to the request including that his Constitutional rights and rights under the European Convention on Human Rights would be breached. Mr Davis, who claims he suffers from a form of autism known as Asperger's Syndrome and depression, had opposed the request claiming the extradition request was flawed, lacked clarity and the details of the charges against him were vague, as well as stating that if extradited he will be detained in an inhuman and degrading manner. During the hearing, the United Nations Special Rapporteur on Torture, Professor Juan Mendez, expressed his concerns about conditions at the facility in New York City, the Metropolitan Correctional Centre (MCC), where Mr Davis is likely to be held if he is extradited to the US. Mr Davis's lawyers argued Prof. Mendez had raised issues about the negative effects on Mr Davis's mental health if he were to be held in isolation at a special housing unit within the MCC. The State rejected all points raised by Mr Davis. https://cointelegraph.com/news/wanted-alleged-silk-road-administrator-irish-high-court-orders-extradition |
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Chinese search engine Baidu has entered the financial revolution that is FinTech for the first time with an investment in an American Blockchain company. Circle Internet Financial Inc. was founded in 2013 by Jeremy Allaire and Sean Neville in Boston, Massachusetts and has an international operations headquarters in Dublin, Ireland. The Bitcoin startup announced it had raised $60 million in funding from a consortium which was led by IDG, an American based media, data and marketing services and venture capital organization. Participants included Baidu, Breyer Capital, General Catalyst Partners, CICC Alpha, China Everbright Investment and Assets Management, IBM's former chairman and CEO Sam Palmisano, and Silver Lake's co-founder Glenn Hutchins. Peter Fang, executive director of Baidu corporate development, says: http://cointelegraph.com/news/chinas-baidu-enters-fintech-invests-in-american-blockchain-company |
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The race is on between European cities including Frankfurt, Dublin and Paris for London's finance crown following the Brexit vote. Just a day after the vote result was announced last week, Ireland's foreign investment agency had already contacted more than a thousand investors letting them know the Emerald Isle is part of the European Union and will remain so, while offering assistance in moving staff over from the United Kingdom. Although this is all very premature as Article 50 is yet to be triggered and when it is, there will be up to two years of negotiations, these other major European cities are wasting no time in trying to hasten its downturn. http://cointelegraph.com/news/londons-fintech-crown-up-for-grabs-after-brexit-as-dublin-paris-frankfurt-cajole-bankers |
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The people of the United Kingdom have historically voted to leave the European Union making it the first state in the block to do so. I believe the vote to leave was more about getting out from under the dictatorship of the unelected bureaucrats in Brussels who are lording their laws across the continent with little regard for its citizens than a separation from the countries of Europe themselves. This vote has the potential to rock the European Union at its core with speculation now mounting as to which country or countries will be next. Brexit fever has spread across Europe with Italy, France, Netherlands and Denmark all calling for referendums next. http://cointelegraph.com/news/will-the-sky-fall-in-on-uk-from-brexit-vote-results |
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Luis Fernando Molina, the chief executive and founder of Fermat.org, has released a whitepaper on the “Internet of People”. The concept offers an alternative way for content creators to stay in control of their work. Fermat.org is a platform that enables decentralised applications. The latter connect users directly to each other without any need for an intermediary. Developers can be paid modularly for app components that they create. Evolution from social to peer-to-peer Operating in stealth mode for the last two years, the platform already has more than 60 full-time contributors collaborating from around the world on the system using similar technology to that of bitcoin transactions on the blockchain. Molina says that Fermat will give users direct control of their personal digital footprint as well as more privacy and compares the project to the file sharing service BitTorrent because they both use a device-to-device-based network saying: “We will see an evolution from social to peer-to-peer”. http://cointelegraph.com/news/internet-of-people-how-blockchain-could-improve-uber-airbnb-and-other-services |
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The UK Government is exploring the Blockchain as a possible way to increase efficiency. The digital currency, Bitcoin’s distributed ledger may help distribute taxpayers’ money as well as grants and student loans. On Monday, at a Blockchain networking event in London, cabinet minister and paymaster general Matt Hancock said that the Blockchain could “foster a new level of trust”. Government cannot bury its head in the sand "Government cannot bury its head in the sand and ignore new technologies as they emerge, said Hancock. - That is partly what happened in the past in government with the web ... We cannot let that happen again by standing still." http://cointelegraph.com/news/uk-looking-at-bitcoin-blockchain-to-track-taxpayers-money |
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Presented by Kisaco Research April 2016 According to many banking experts, blockchain is set to revolutionise banking in the same way that email revolutionised communication. After all, its practical applications can impact everything from international money transfers to identity verification. However, blockchain has served up a quiet revolution so far, still waiting for its moment to blow apart decades-old infrastructure and bring banking into the digital age. Usually the preserve of cryptocurrencies such as Bitcoin, banks, insurance companies and retailers are simultaneously eager and cautious to test the waters. According to a report co-written by Santander, adopting this digital ledger could save companies up to $20 billion dollars. Furthermore, this cryptographically secure public ledger makes the process highly transparent, making it impossible for third parties to fiddle the numbers. This can only be a good thing for customers as blockchain technology makes transactions more efficient and secure. Yet testing and implementing blockchain technology remains in its infancy. While the majority of major banks and financial institutions understand the advantages of leveraging the technology, it is held back by challenges including security, regulation and scalability. However, everyone from major IT companies such as IBM and Microsoft to major banks such as ECB, Deutsche Bank and Barclays are beginning to look at the advantages and disadvantages of adopting blockchain and finding pragmatic ways of implementing it. http://cointelegraph.uk/news/overcoming-the-blocks-to-blockchain-banks-and-financial-institutions-get-practical |
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The California-based annual Coachella music and arts festival began the shift towards cashless payments in 2014. This year the transition continued with all vendors accepting Android Pay, Apple Pay and Samsung Pay. The shift aims to increase sales of food, drinks and merchandise, as well as to move attendance lines faster and reduce the number of thefts of cash and plastic cards. http://cointelegraph.com/news/coachella-shifts-towards-cashless-payments-fans-request-bitcoin |
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CoinTelegraph speaks to Devon Watson, Diebolds VP of Global Software R&D, on a mobile driven ATM, conditions for using Bitcoin in mobile banking and implementation of Blockchain into the Diebold platform. Diebold Inc are a financial self-service, security and services corporation, incorporated in the United States since 1876. It is the world's largest manufacturer of ATMs with divisions in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. Devon Watson, Diebolds VP of Global Software Research and Development, is an owner of bitcoin and a big fan of the Blockchain with an insight into the whole ecosystem and protocol. http://cointelegraph.com/news/we-need-to-bridge-cash-and-cryptocurrencies-diebold-inc |
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Things are moving quickly in Europe at the moment in regards to cryptocurrency and the Blockchain. The Committee on Economic and Monetary Affairs of the European Parliament scheduled to vote on the virtual currencies report in a matter of days, with the hot summer for cryptocurrency and Blockchain legislation ahead. In February, the Council of the European Union put virtual currencies on top of a list of targeted areas for rapid progress which led to the topic of digital currencies rising up the ladder of policy agenda in all major institutions. A new independent non-profit trade body providing thorough regulatory understanding of virtual currencies Brussels-based European Digital Currency & Blockchain Technology Forum (EDCAB) has launched in response to this increased interest. http://cointelegraph.com/news/european-parliament-takes-initiative-to-put-cryptocurrency-blockchain-on-fast-track |
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“On the bitcoin side, I’m a great believer in it as a currency store of value comparative to gold. I still don’t know if as a payment method it makes sense 100% or not. We have had numerous bitcoin companies approach us to integrate on our platform and we are like no merchants are asking for this. The players that have integrated it are seeing very little traction, so we are probably not going to be the first mover when it comes to integrating it as a payment method through our system.” http://cointelegraph.uk/news/payu-co-founder-bitcoin-im-a-great-believer-in-it-as-a-store-of-value-like-gold |
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