Forbes Published A Ranking Of The Wealthiest Americans, Is there Any Crypto-Related Person?

The end of the year is yet to come, thus it is time sum up how much the wealthiest Americans have earned. Forbes has published a rating of 400 the most well-off people in the USA. Let’s look if there are any crypto-related people.

The list starts with Jeff Bezos, Amazon’s chief, who is the first one to suppress $160 billion mark and the first one to outrun Bill Gates in 24 years. What is worth to mention, Amazon is somehow related to crypto world, not only had it tried to create its own blockchain, but also In March of this year, Amazon became interested in cooperation with Ripple.

Bill Gates took his second place with the states of $97 billion, while the famous investor Warren Buffet came in third. They both criticized Bitcoin many times, calling it “Rat Poison Squared”. If you want to find who else is not a fan of cryptocurrencies, check it here:

TOP Famous People Who Don’t Like Bitcoin

One of the biggest surprises of this list is Chris Larsen, the former CEO of Ripple. He took 383th place owning $2.1 billion. He owns around 5.19 billion XRP tokens and a big part of Ripple’s stakes. What’s interesting is that he is the first member of the 400 to make a fortune from cryptocurrency.

We want to remind you

Forbes Published 5 Main Blockchain Tendencies for 2018

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Google’s AI Stated Bitcoin Is “A Collapsed Economic Bubble”

If you still do not understand what is happening with the cryptocurrency market, in particular with the prices of all digital coins, Google’s AI gave a kind of interesting answer. By entering the search request “Bitcoin”, you may see the following card which defined Bitcoin as “a collapsed economic bubble”.


Source: Finance Magnates

In a couple of hours the definition was edited, claiming: “Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.”

The algorithm which aggregates the information displays the useful cards in the sidebar automatically. However, such a sentence clearly shows that the company’s AI system considers the bitcoin market as an economic bubble.

The CEO of Google Sundar Pichai explained that Google’s AI looks at every keyword based on “things like relevance, freshness, popularity and how other people are using it”.

Looking from this point of view, it means that the real reason why such a card displayed is that people downgraded Bitcoin and lost any hope in it.

We remind you

The Main Myths Connected with Bitcoin: A Pyramid, A Bubble or A Valuable Asset?

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Bomb Bitcoin: A New Scammers’ Scheme of Getting Cryptocurrency

Scammers are becoming more and more resourceful in making up new ways of obtaining cryptocurrency, in particular Bitcoin. This scheme is quite simple: the criminal sends an email where it is pointed out that if a victim does not send $20,000 in Bitcoin within a specified time period, then the former denotes a bomb inside the building where the victim’s company is. The culprit also sends the Bitcoin addresses, in the following email, such an address does not exist.

It is just impossible not to respond to such threats due to some moments in history, so the whole offices are now being evacuated as this scam spreads.

Here you can see the full text of the email:

“My man carried a bomb (Hexogen) into the building where your company is located. It is constructed under my direction. It can be hidden anywhere because of its small size, it is not able to damage the supporting building structure, but in the case of its detonation you will get many victims.

My mercenary keeps the building under the control. If he notices any unusual behavior or emergency he will blow up the bomb.

I can withdraw my mercenary if you pay. You pay me 20.000 $ in Bitcoin and the bomb will not explode, but don’t try to cheat -I warrant you that I will withdraw my mercenary only after 3 confirmations in blockchain network.

Here is my Bitcoin address : 1GHKDgQX7hqTM7mMmiiUvgihGMHtvNJqTv

You have to solve problems with the transfer by the end of the workday. If you are late with the money explosive will explode.

This is just a business, if you don’t send me the money and the explosive device detonates, other commercial enterprises will transfer me more money, because this isnt a one-time action.

I wont visit this email. I check my Bitcoin wallet every 35 min and after seeing the money I will order my recruited person to get away.

If the explosive device explodes and the authorities notice this letter:

We are not terrorists and dont assume any responsibility for explosions in other buildings.”

The New York Police Department (NYPD) reacted to such emails and made an official statement on Twitter, stating that such threats are considered to be “not credible”:

The FBI has also tweeted calling for public’s vigilance:

Our editorial board strongly urges not to believe such threats in order not to become a victim of the heinous scams. If you are hesitating if this email is real or not, please, call the police. We remind you

The Most High-Profile Scam Projects of 2018

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Cryptocurrency Prices Today, December 14: Cryptocurrencies Are in the Red Zone Again

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 3.4% over the past 24 hours. The price at the time of writing is $3298 per coin.

Cryptocurrencies moved to the red zone:

Bitcoin Cash lost 11.17% over the past 24 hours and costs $82 per coin;

Ripple fell by 1.89% and is $0.29 in price;

EOS minus 4.67%, and its cost is $1.88;

Litecoin decreased by 2.35%, and its price is $23;

Cardano lost 4.17%, and its value is $0.028;

Stellar dropped by 6.46% and costs $0.10;

IOTA minus 4.53%, and its cost is $0.24;

Dash lost 4.67%, and its price is $61;

Monero became cheaper by 1.61% and costs $42.

Over the past 24 hours, Ethereum lost 3.95% and continues to decline. The coin exchange rate is $85, according to Coin 360.

The total market capitalization fell to $104 billion. Bitcoin accounts for 55% of the total volume. In monetary terms, this is $57 billion.

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SEC Obliged AriseBank Creators to Pay Indemnities and Penalties Amounting to $2,7 Million

Jared Rice Sr., the former CEO of AriseBank company, and the former operating officer Stanley Ford, did not admit their guilt in conducting the fraudulent ICO. According to U.S. Securities and Exchange Commission (SEC), they both agreed to out-of-court settlement.

The U.S. Federal Court obliged them to pay $2.26 million as a compensation for damage, both $184,76 thousand as a fine, in addition to $68 thousand for expenses. As well as, in addition to pay penalties, they could be sentenced to a life ban from leading the projects or participating in the issuance of securities.

Reportedly, Rice did not have access to FDIC insurance and had no partnership with Visa, to offer banking services in Texas. Moreover, Rice has spent investors’ money for his own personal use, while repeatedly talking to mass media about the “non-existent” advantages of AriseBank. In addition, the police believe that Jared Rice Sr. hid from the investors the fact of his previous conviction for fraud and accusations under other charges.  

We want to remind you, that recently SEC have declared their intention to fine social media celebrities who promote scam-ICO in social networks.

SEC Is Going to Fine Social Media Celebrities Who Promote Scam ICOs

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Saudi Arabia and United Arab Emirates Will Release a Joint Cryptocurrency

As reported by the local news media, the Saudi Arabian Monetary Authority is cooperating with the Central Bank of UAE in order to develop their own blockchain, which will be the basis for the joint digital coin. The new currency will be used for cross-border transactions between these two states.

This is probably the first time ever that witnesses the cooperation of monetary authorities from different countries on this topic and we hope that this achievement will foster similar collaboration in our region,” said an Abu Dhabi official.

The cooperation is currently ongoing, no specific dates as to when the development will be finished have not been released so far. The innovations in the financial sector will involve only banks and institutional investors, not the regular customers.

We remind you:

Ripple Technology Will Soon Be Implemented in the Biggest Bank of Saudi Arabia

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Cryptocurrency Prices Today, December 13: BTC and Other Cryptocurrencies Remain Stable

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) remained stable over the past 24 hours and slightly increased in price – by 0.2%. The price at the time of writing is $3415 per coin.

Cryptocurrencies changed in price very slightly:

Bitcoin Cash lost 2% over the past 24 hours and costs $96 per coin;

Ripple dropped by 0.78% and is $0.30 in price;

EOS added 1.91%, and its price is $2.01;

Litecoin minus 2.04%, and its cost is $24;

Cardano grew by 0.06%, and its value is $0.030;

Stellar lost 1.81% and costs $0.11;

IOTA dropped by 0.53%, and its cost is $0.24;

Dash fell by 1.06%, and its price is $65;

Monero decreased by 2.06%, and its rate is $43.

Over the past 24 hours, Ethereum lost 0.56%. The coin price is $90, according to Coin 360.

The total market capitalization is $109 billion. Bitcoin accounts for 54.9% of the total volume. In monetary terms, it is $59 billion.

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