SEC unable to locate BitConnect founder convicted in $2.4B fraud case

[ad_1] Indicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following conviction. In a court filing on Monday, the Securities and Exchange Commission said that the whereabouts of Kumbhani remains unknown. The SEC noted that Kumbhani’s last known location was in his native country India, but has remained untraced ever since the promoter for his BitConnect Ponzi scheme was charged by the SEC for defrauding American investors of over $2 billion. SEC in its filing noted that the convicted founder…

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No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia – Regulation Bitcoin News

[ad_1] Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank of Russia Push for Crypto Ban The cryptocurrency ban proposed by the Central Bank of Russia (CBR) will destroy a number of high-tech sectors and spark an outflow of IT specialists, Pavel Durov, the man behind the popular-in-the-crypto-community messenger, Telegram, has predicted. The Russian entrepreneur also…

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Metamask founder Joel Dietz is a true Renaissance man – Cointelegraph Magazine

[ad_1] Joel Dietz, founder of Metamask and founding team member of Ethereum, is a romantic at heart. He creates art as ‌“Cryptoapollo” that reflects the intersection between traditional art and technology. “I have a very classical romantic temperament, which can be hard to bring into the modern world since romantically inclined people can be suppressed in the modern economy, but I also love the cutting edge of technology as it applies to art in architecture and sculpture,” explains Dietz. “And like any technological enthusiast, I always try and explore the…

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