New Trump's Unit to Help Fight Crypto Fraud

'Task Force on Market Integrity and Consumer Fraud' must solve a number of problems related to fraud prevention
12 July 2018   422

President of the United States Donald Trump signed an order, according to which a working group will be created, which, among other things, will develop a guide for the investigation of crimes in the field of digital currencies. This is reported by CoinDesk.

New unit is called the 'Task Force on Market Integrity and Consumer Fraud'. According to the presidential order, published on the website of the White House, task force must solve a number of problems related to fraud prevention. The cryptocurrency industry is mentioned in the document in the context of "digital currency fraud", which is one of the priority issues on which the working group "provide guidance for the investigation and prosecution of cases involving fraud".

In what form the leadership will be issued, it is not clear, but it can be assumed that the working group will draw up a report for the presidential administration.

A lot of these schemes involve bitcoin and other cryptocurrencies which do not flow through the traditional financial system. What we're working on now with our cybercrime task force is a working on a comprehensive strategy to deal with that.
 

Rod Rosenstein

Deputy Attorney General, USA

At the same time, Trump's new initiative does not cause surprise. This year, US authorities announced that they are working on a "comprehensive" strategy for crypto-currencies aimed at addressing the problem of fraud in this industry. In February, the Ministry of Justice formed a working group on cybersecurity, which also deals with crypto-currencies.

Top-3 Ongoing ICO 16th - 22nd Sep Acc. to Our Readers

Let’s check which ICOs from ongoing 16th to 22nd of September are considered the best among our readers
24 September 2018   129

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. World Bit Bank 

Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. World Bit Group which manages the World Bit Bank was established in 2018. It was registered in the EU and holds the Virtual currency against fiat currency exchange license and the Virtual currency wallet service license. Being under European jurisdiction, all real and digital assets of investors will have the highest security. By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.

World Bit Bank ICO
World Bit Bank ICO

As reported, almost €16M raised.

2. Worldopo 

Worldopo gives the players a platform to build, own and trade property, all securely stored in blockchain. The innovative new approach is the use of it’s own cryptocurrency, the WPT as the base of the economic simulation. This gives the game a layer of realism never seen before, because people can earn real money when playing. The addition of AR makes it possible to actually see your empire grow before you eyes. In short Worldopoly is a true revolution in mobile gaming, easy accessible and yet complex like the real life itself. The best is part is: the game has already completed the development of its game engine and major features.

Worldopo ICO
Worldopo ICO

Worldopo team was able to sell 640 700 WPT.

3. Cloudbric  

Cloudbric is a decentralized universal security platform featuring enterprise-grade website, mobile device and crypto asset security, as well as access to a community driven threat intelligence database all powered through a new technology called VISION (patent pending), a CNN-based deep learning AI-tech, featuring one of the most accurate (low false positive rated) engines on the market. Our goal is to not only secure the web in general, but to secure the entire blockchain experience for users and businesses alike whether it’s protecting global exchanges, securing cryptocurrency assets, etc. so that we can help further encourages the widespread adoption of this great technology to masses. Cloudbric is currently a market leading web application firewall as a service vendor in South Korea and Singapore. We boast multiple awards (SC Magazine, Stevie Awards, Info Security PG, more), are industry-certified, and have more than 10,000 customers and partners.

Cloudbric ICO
Cloudbric ICO

As we can see on the pic above, Presale #1 and #2 ended, and looks like 5000 ETH in total was raised.