ZenCash Cofounder to Steal Military Armored Vehicle

Police had to chase Joshua Philip Yabut for almost 100 kilometers (60 miles)
07 June 2018   511

US Army National Guard officer and ZenCash co-founder Joshua Philip Yabut is accused of hijacking an M577 armored personnel carrier, followed by a 100-kilometer chase with the police. Police claim that the 29-year-old resident of Richmond, Virginia, was under the influence of drugs. This is reported by the ArmyTimes.

The vehicle was stolen Tuesday evening from the base of Fort Pickett in Blackstone. The pursuit continued for two hours, and the speed of the M577 at times reached 65 km / h. Arriving at the administration building in Richmond, the driver surrendered to the police.

Later, the armored vehicle was returned to the base. It was not equipped with guns, but Yabut himself had weapons, but there were no ammo for him.

In a telephone conversation with the Associated Press, Yabut said that the brigade commander had allowed him to take the armored vehicle and follow a pre-determined route to check the police response. He also rejected the version that he was under the influence of drugs.

Shortly before these events, an American army officer, posted a series of controversial messages on Twitter, including "it’s a glorious day to shoot 15,000 rounds of ammunition in reflexive fire drills" and "all i wanna do is get an anime wife ", as well as a link to an article from" Wikipedia "about the M113 armored personnel carrier, which is similar to the stolen M577.

We are extremely grateful that there were no injuries as a result of this incident, and we appreciate the great work of the Virginia State Police, Richmond Police Department and other law enforcement and first responders who safely brought this situation to a close.

Maj. Gen. Timothy P. Williams

Adjutant general, Virginia

The ZenCash team confirmed that Yabut took part in the early stages of creating a crypto currency, and added that he intentionally left a vulnerability in the code, thus "organizing a public method" to launch an attack on the system. Later, the vulnerability was eliminated. ZenCash itself was attacked 51% a few days ago.

Currently, the detainee is in the prison of Richmond. In February, he submitted documents to the US Senate as an independent candidate.

Ex S&P President to Invest in iComply Startup

The startup is aimed at developing tools and services to meet the regulative standards for blockchain start-ups
14 August 2018   114

Startup iComply, working in the field of regulatory technologies and compliance with standards, has just completed the initial round of financing, which was headed by former Standard & Poor CEO Deven Sharma, CoinDesk reports.

IComply, aimed at developing tools and services to meet the regulative standards for blockchain start-ups (especially for those that conduct ICO), said on Monday that it attracted a seven-figure sum during this invest-round, but did not say the exact figure. The round was also attended by DMG Blockchain and Block X Capital.

In addition, iComply reported that it was joined by former employee of the Commodity Futures Trading Commission (CFTC) Jeff Bandman, former Managing Director of NASDAQ and the Financial Services Industry Regulation Service (FINRA) Manny Alikandro, MIT Connection Science program member, Praveen Mandal and Prosecutor Thomas Linder.

According to Sharma, he decided to invest in the startup iComply, because the project "is focused on services for ICOs related to risks and compliance with standards." Compliance with the standards, he said, will ensure the transparency of ICO issuers and thereby help to ease the concerns of regulators.

Sharma also believes that iComply can contribute to the spread of crypto technologies, helping the entry of traditional financial services into this industry.

My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs. iComply's patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients. There have been a few ICOs that had a fundamentally robust offering that I understood and did interest me [but I] missed the opportunity. Others that have transparency from a service like iComply, I would [invest in].

Deven Sharma

Ex-president, Standarts & Poors

It is the ideas of transparency and trust, according to Sharma, that sparked his interest in order to start working with the blockbuster.