$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China

$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in ChinaA Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four convicts involved in the billion-dollar Ponzi scheme Wotoken on Tuesday, several local […]

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OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins

OCC's Brian Brooks Is Against the Government Issuing Digital Dollar, Supports Regulation of Privately Issued Stablecoins InsteadThe acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better position to issue stable digital currencies. […]

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