These Two Blockchain Start-Ups Pulled an $8 Million ICO Exit Scam

These Two Blockchain Start-Ups Pulled an $8 Million ICO Exit Scam 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Two blockchain companies, JoyToken and RepuX, have been dissolved, according to UK business records. Both companies were founded and ICO-funded on the direction of the same people. A Reddit user broke down the scandal for r/CryptoCurrency, hoping someone might have more information. Andrew MacDonald’s JoyToken Winnings JoyToken was to be an “ecosystem” for gambling development. Game developers could use a toolkit and a common token to build provably-fair games. MacDonald saw this as an advantage over simply building a casino on Ethereum. The company never produced a working…

New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction

New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Justice Joel Cohen of the New York Supreme Court has granted the Bitfinex cryptocurrency exchange’s motion to modify an injunction from the New York Attorney General (NYAG), Bitfinex announced on May 16. Per the announcement, the court order will allow Bitfinex and affiliated stablecoin operator Tether to continue their normal business. It also states that the original injunction by the NYAG will expire in 90 days and that any motion to renew will be the responsibility of the NYAG. Cohen wrote in his decision: “…the Court finds that the preliminary…