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Mike Tyson has denied involvement in a blockchain project, the organizer of which is suspected of fraud

The legend of professional boxing Mike Tyson said that he had nothing to do with the blockchain platform for Fight to Fame fighters, and all the materials in the media that claim the opposite are untrue. I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. […]

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The legend of professional boxing Mike Tyson said that he had nothing to do with the blockchain platform for Fight to Fame fighters, and all the materials in the media that claim the opposite are untrue.

Earlier, some media reported that Tyson will head the Fight to Fame Sports and Competitions Committee, which in addition was supposed to hold the Tyson Token token sale in early June.

However, according to research firm Cointelligence, Fight to Fame is a "frank scam." Representatives of the project demanded that the corresponding publication be removed, threatening with legal consequences, but the analysts did not succumb to the threats.

Thus, the founder of Fight to Fame, Shi Jianxian, a resident of Hong Kong, is suspected of carrying out fraud with fundraising in the amount of up to $ 1.5 billion (10 billion yuan). According to the prosecutor’s office of the PRC , in 2014, the Shanghai Kuailu Investment Group was on the verge of bankruptcy, and then Jianxian (CEO) and a number of top managers entered into a criminal conspiracy to create a financial pyramid.

From March 2014 to April 2016, according to investigators, East Hongqiao Small-Sum Credit Co. attracted about 40 billion yuan, but only 9.8 billion yuan was actually stolen, all the rest of the money was supposedly used as payments to the early investors of the pyramid.

In 2016, Jianxian left China and traveled to the United States. At the moment, he is wanted not only by the Chinese authorities, but also by Interpol.

It should be noted that Tyson and Jianxian, apparently, have known each other since at least 2015, when together they presented the film Ip Man 3 , in which the athlete played one of the key roles.

Shi Jianxian in the middle, June 13, 2015 – photo by ChinaFotoPress

The wife and manager of the boxer, Lakia Tyson, explained that they really discussed the possibility of cooperation with the founder of the project several years ago, but then refused. It is noteworthy that at one of the New Year's parties, Jianxian allegedly asked Tyson to read the text approved with his wife on camera, but in the end the boxer was given the announcement of the launch of Tyson Token, which he read.

After this incident, the family turned to Lavely & Singer Law Firm, whose representatives soon sent Jianxiang to immediately stop using Mike Tyson’s name to promote the project.

Recall that last year the US Securities and Exchange Commission (SEC) fined American boxer Floyd Mayweather and music producer DJ Khaled for promoting Centra Tech's ICO on social networks.

Mayweather and DJ Khaled neither acknowledged nor denied the SEC's allegations, but agreed to pay the illegally earned income, fine, and interest. For Mayweather, the total amount was $ 614,775, and for DJ Khaled – $ 152,725.

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Wells Fargo Banking Holding creates stablecoin pegged to US dollar

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U.S. financial giant Wells Fargo is working on a cryptocurrency pegged to the dollar. The company announced this in its press release .

According to the company, the future stablecoin will be used as part of its own blockchain platform. Its main focus will be cross-border payments between the company and its partners around the world. Moreover, other companies outside the US will be able to use cryptocurrency to complete transactions between themselves.

The decision to issue cryptocurrency in the company is explained by the need to reduce the cost of payments between different countries, as well as the acceleration of this process. The current mechanisms cannot be called bad, but they are already outdated: high commissions, terms of several days per transaction – all this cryptocurrency can leave in the past.

Wells Fargo assures that their stablecoin will provide almost instant payments, and the process of their implementation will become much simpler. Next year, the company will begin a pilot project during which the cryptocurrency will be tested in test mode. Initially, only dollars will be available for transfers, but in the future it is planned to add support for many other currencies.

Wells Fargo is not the first bank that intends to launch its cryptocurrency, but it is not only one of the largest banks in the world and in the USA, but also one of the most expensive companies in the world. The arrival of such a player will show other companies that without their own digital currencies and blockchain ecosystems, they will have nothing to do in this market.

Publication date 09/19/2019
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North Korea plans to launch its own cryptocurrency

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North Korea is creating a cryptocurrency with which the country will be able to avoid international sanctions.

It is assumed that the cryptocurrency development project is at an early stage. Its goal is the same as that of the Venezuelan project – last year the topic of developing the state’s national digital currency, Petro, was actively discussed. A cryptocurrency that does not yet have a name will be similar to the technology used by BTC or altoins. Currently, the team that is working on the project is studying products that could be tied to cryptocurrency. It is known that the payment instrument will not be exactly supported by the national currency of North Korea.

Experts believe that North Korea has enough opportunities and developments to present a good cryptocurrency. So, we can assume that the state will be able to improve its position in this way.

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The head of the SEC said when Bitcoin will appear on large traditional exchanges

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC. “If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure […]

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Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC .

“If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure that trade is regulated correctly , ”he stressed.

We are talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.

Recall, Clayton said earlier that some progress on Bitcoin ETFs has been achieved. VanEck and SolidX have withdrawn their application.

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