Blockchain May be Used to Fight Prostitution

U.S. Congressman Juan Vargas penned the Fight Illicit Network and Detect (FIND) Trafficking Act 
13 June 2018   778

Member of the Committee on Financial Services at the US House of Representatives, Juan Vargas, proposed the use of blockcain technology to combat the use of cryptocurrency when buying sexual services and drugs. This is reported by CoinDesk.

Juan Vargas hopes that this bill will make the scope of the cryptocurrency more transparent and improve the efficiency of the federal services.

On 11 June 2018, U.S. Congressman Juan Vargas penned the Fight Illicit Network and Detect (FIND) Trafficking Act in order to "improve the efforts of Federal agencies to impede the use of virtual currencies and online marketplaces in facilitating sex and drug trafficking."

If the US Congress takes the initiative to vote, the Office of General Accounting will conduct a study on how virtual currencies are used to support trafficking in persons, drug trafficking and other purposes.

In March, the Playboy TV network began accepting cryptocurrencies as payment for adult content. However, the work of such platforms became endangered after the US Congress passed the FOSTA-SESTA law in April, banning sex trade on the Internet.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   332

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.