Moonday Mornings: Racehorse rich particular person allegedly stole $100M from OneCoin, bought horses

Moonday Mornings: Racehorse rich particular person allegedly stole $100M from OneCoin, bought horses

It’s the originate of but one more week, that potential we now have but one more bunch of cryptocurrency and blockchain headlines from over the weekend to resolve up on.

It’s Moonday Mornings, take a gaze.

1. Racehorse purchaser accused stealing from OneCoin design

Racehorse, purchaser
Credit: Racing Post
Amer Abdulaziz, world racehorse purchaser

A excessive profile particular person from the sphere of horse racing is believed to have been desirous about the OneCoin rip-off. Amer Abdulaziz, the founder of Phoenix Thoroughbreds, a Dubai-based completely horse racing investment company, is being accused of being a key resolve within the design.

Konstantin Ignatov, the brother OneCoin figurehead Dr Ruja Ingatova, acknowledged that Abdulaziz also stole €100 million ($110 million) from OneCoin, and then went on a spending spree procuring racehorses, Racing Post stories.

2. Maduro aloof no longer giving up on the Petro

Nicolas Maduro, Venezeulan president

In his newest push to retain his dreams of a national cryptocurrency alive, Venezuelan president Nicolas Maduro is announcing some 30 million barrels of oil will now serve the petro, Reuters stories.

Earlier this one year, the nation’s authorities acknowledged the coin would be backed by 5 billion barrels of untapped indecent oil, nonetheless in accordance to but one more Reuters chronicle there change into as soon as no infrastructure to extract the reserves and the coin change into as soon as nowhere to be found. Maduro has steadily pushed his conception for a declare-backed digital currency, he claims it’s an strive to curtail the nation’s hyperinflating fiat currency.

3. South Korea is having a bet big on blockchain

South Korea and Bitcoin, blockchain

South Korea is reportedly planning to make investments higher than $380 million to detect and make blockchain applied sciences, The Block stories. Basically essentially based on a ZDNet Korea chronicle, the Asian county’s ministry of science and technology made an announcement of its intent to make investments slack last week. It acknowledged the ministry will assemble the investments over a six one year interval between 2021 and 2026.

4. JP Morgan recordsdata blockchain patent

JP Morgan is continuing its exploration of blockchain-based completely applied sciences. This time its eyes are on the motor enterprise.

The banking big currently filed a patent for a distributed ledger machine to wait on retain tabs on automobile financing stock at US motor dealerships, CoinDesk stories. The automobile financing arm of the financial institution, Sprint Auto, believes the machine will reduce the amount of manual auditing required within the auto financing project.

And at last… but one more week, but one more crypto hoard is seized by authorities.

5. Cryptocurrency seized from film pirate

unique zealand, rules, cryptocurrency, blockchain, bitcoin, salary, paye, earnings, tax
Credit: Packsmith by Tortuga

Authorities in Novel Zealand have seized nearly about NZ$6.7 million (US$4.3 million) in cryptocurrency from an alleged film pirate, Novel Zealand herald stories.

Reports declare this seizure is the be largest seen within the nation. Police are accusing the particular person of laundering cash by receiving millions of bucks from an illegal film streaming situation they helped invent. The actual person denies the allegations and is but to be charged.

Successfully, there you may have gotten it. Be aware you subsequent time.

Published November 25, 2019 — 10:09 UTC

Matthew Beedham

Matthew Beedham

November 25, 2019 — 10:09 UTC

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