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Rumour: Kidnappers Demand for Bitcoin

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Earlier in the year, a kidnapping case in South Africa went viral because the kidnappers demanded for bitcoins as ransom. However, after paying part of the ransom, the kidnapped teenager was found. Kidnappers in South Africa are at it again and this time a 65-year-old man named Liyaqat Parker has been kidnapped in Cape Town. The kidnappers are demanding for 50 Bitcoins.

Parker, a businessman was kidnapped on his way back from work in Parow, Cape Town when he was kidnapped by five armed men at around 09:10 on Monday. Rumours have been circulating that a ransom has been made for his return. Reports from a  second local news source have it that the ransom demand was made via email on Tuesday. Although a manhunt is currently underway for the businessman, police are reluctant to reveal that the kidnappers are asking for Bitcoins. The police claim that the case is “highly sensitive” and that is why they do not want to disclose information.

Even the family lawyer, Walid Brown said, “I don’t have such information although I also saw the rumour.” Parker is the founding member of the Food Property Group. The successful businessman is also a member of the board at Al-Amien Foods. The kidnapped victim also holds a high position at Brimstone Investment. His family members made a statement for his return saying, “Our father and brother is an elderly man, so we also appeal to those who may be involved or know persons who may be connected with this crime, to just please release him unharmed before his health deteriorates.” Police are however looking into the case.

 

 

What do you think about the kidnap situation? Share your opinion with us in the comment section below.
Image credit: pixabay,

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SEC Charges ICOBox & Founder for Illegal $14 million Securities Offering

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The Security and Exchange Commission of the United States SEC has filed a lawsuit against ICOBox and its founder Nikolay Evdokimo for the conduct of an illegal securities offering of ICOBox’s crypto token.

The investigation which was carried out by Brent W. Wilner also charged ICOBox for acting as an unregistered broker for cryptocurrency token sales ICO.

Based on SEC press released, ICOBox in 2017 sold unregistered digital assets to the public to raised funds in order to build a platform for initial coin offerings ICO. The amount raised was from over a couple thousand investors amounting to an estimated sale of over $14 million worth of “ICOS” tokens.

It was revealed that ICOBox assured investors the token would increase in value upon trading on cryptocurrency exchanges and holders will be able to swap them at a discount for other digital asset offerings on the platform.

The assurance of ICOBox was not met as the ICOS tokens became of no worth. According to SEC, the defendant acted as a broker but failed to register as one and help to facilitate the sales of digital assets to several dozen clients who raised over $650 million.

According to Regional Director of LA Regional Office Michele Wein Layne, ICOBox and its founder, Nikolay Evdokimov ignored the registration requirements of the federal securities law and exposed investors to investments which are now virtually worthless, without providing them information that is essential to investors to making informed investment decisions.

Based on this, the SEC has charged both the platform and its founder with violating the registration requirements of the federal securities laws and seeks injunctive relief, disgorgement with prejudgment interest and civil money penalties.

The investigation was supervised by Victoria A. Levin, Alka N. Patel, and Ms. Layne of the Los Angeles Regional Office.

ICOBox described itself as “the first and the biggest new generation Blockchain Growth Promoter and Business Facilitator for companies seeking to sell their products via ICO/STO crowdsales”.

The litigation is being conducted by Amy J. Longo of the Los Angeles Regional Office, SEC revealed.

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BAL Announces Partnership with French Non-For-Profit Blockchain Organization TAAL to Spread Globally Awareness on Blockchain Technology

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The Blockchain African Ladies has partnered with TAAL, a French Non for profit Blockchain training hub for women. TAAL which is an acronym for Technological Association for Advanced Learning is an organization dedicated to helping people understands new technologies; promote inclusion and equity in the blockchain sector.

Blockchain African Ladies (BAL) is a non for profit educative forum that brings together African women via blockchain education. It aims to educate African ladies on the potentials and opportunities of the technology and how they can utilize it for financial inclusion.

As an organization spread across various nations in Africa, BAL wants to build stronger ladies who will bring about great innovations from the blockchain technology. From regular meet-up, workshops, conferences, mentorship programme etc, BAL seeks to raise courageous, innovative leaders in the blockchain space.

The partnership with TAAL according to BAL is to help more women to discover Blockchain technology around the globe. “It will strongly promote innovation & inclusion for women through education. The synchronous visions of both organizations to increase adoption of Blockchain technology is a great move to promote diversity in unity.”

Blockchain technology has continued to invade various aspects of the human civilization. What was once considered a buzz word few years ago has now created an industry of its own. Cryptocurrency being the first application built using the technology has and is redefining the face of commerce globally.

As the technology presents fascinating opportunities, it is imperative for individuals to exploit them for the betterment of self and state.

Blockchain Africa Ladies has continued to spread awareness on blockchain and the opportunities which it presents the African women. This is notably evident in her drive to spread the message across Africa with the Blockchain African Ladies Conference which held in Lagos and Accra few months ago.

TAAL organizes free monthly workshops to help discover new Technologies like the Blockchain. It helps members by guiding to free educational resources and of high quality to train and certify them.

Operating in Africa, Europe and America, TAAL has impact great number of women globally.

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Binance Acquires Spot and Derivative Crypto Trading Platform JEX

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Binance has announced its acquisition of JEX, a crypto asset trading platform offering traders spot and derivative trading services.

 

According to Binance, the acquisition will see JEX known as Binance JEX as it joins the Binance Ecosystem. It will focus on further building the crypto-assets derivatives market, as it provides Binance users with professional services including futures contracts, options and other derivative products

 

Binance will manage the JEX team and the JEX tokens run by its Foundation, introducing more utility to the JEX token. 

 

On what will become of the JEX token, Binance revealed that 

 

“The JEX tokens the long rum will be gradually distributed to all users via marketing activities and community incentives; subsequently, the tokens will be gradually retrieved and burned in various forms including trading commissions deductions and so on“.

 

JEX described itself as “the first blockchain asset transaction platform that initiated Bitcoin options trading and other crypto options trading in the world, is run by JEX Technology co., Ltd. JEX Exchange is an efficient Bitcoin futures  & Crypto options trading platform, which is devoted to the innovation and development of blockchain futures and options trading model and derivatives.

 

Binance had in earlier announced the commencement of its Open Blockchain Project. An initiative to develop stablecoins pegged to local currencies. It also unveiled its Lending Products which at its first phase was fully subscribed by over $15million in less than 10 minutes. Its second phase is set to commence in a few hours time.

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Coinbase Reports an Increase In The Level of Activity in Blockchain Activities Into Universities

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According to recent research carried out by a major cryptocurrency exchange platform Coinbase, it was discovered that about 56% of the top 50 Universities in the world had one of more cryptocurrency and Blockchain classes offered.

An indication of growth in interest for blockchain

This research carried out by Coinbase was published in an official blog post which also used rankings from the US news as well as world report for the listing of top 50 universities. The findings also took into account both students offering undergraduate and graduate courses.

It was discovered that twice the number of students, when compared to last year, were beginning to take courses in blockchain and Cryptocurrency.

Apart from having a doubled interest amongst the top universities of the world in taking classes on blockchain and Cryptocurrencies, the study also reflected that these students had already gone as far as creating student-run clubs related to crypto.

There was a 42% increase in the offerings related to this field.

The report also revealed that nearly 70 percent of crypto and blockchain classes are in departments that are outside computer science, including law, the humanities, and economics. A Cornell alumnus said:

“We’ve had so many professors reach out to learn more about blockchain and see how it applies to their field. It’s really cool to be part of a community where there’s so much engagement.”


Source: Coinbase

The African continent not being left out of this action

Meanwhile, the African continent is not left behind as countries such as Nigeria have shown an increased level in activities that are blockchain and cryptocurrency inclined, considering the fact that there has been a series of events both past and future that have been organised by bodies such as Cryptotvplus to increase the level of awareness amongst university students.

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