Crypto Markets News 

Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020

“The price of Bitcoin (BTC) will skyrocket up to $100,000 in the coming year, according to the founder of infamous darknet marketplace Silk Road” writes Ana Alexandre for cointelegraph.com. In a series of blog posts on Dec. 10, Ross Ulbricht — the founder of now-defunct anonymous marketplace Silk Road — predicted that BTC’s price will reach $100,000 in 2020.As such, Bitcoin price could be artificially increased by investor expectations combined with mass psychology and through a positive feedback loop of buyer optimism Some other industry players have also made predictions…

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Crypto News 

Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO

“The New York Attorney General (NYAG) Letitia James announced the conviction of Shopin founder Eran Eyal for orchestrating a fraudulent initial coin offering (ICO) following his guilty plea” writes Joeri Cant for cointelegraph.com. Eyal also pleaded guilty to defrauding investors of $600,000 by misrepresenting the staff and clients of his previous startup, Springleap.As the NYAG announced on Dec. 12, the former CEO of Shopin pleaded guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million between August 2017 and April 2018.Last year, the…

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Bonobos founder Andy Dunn is departing from Walmart after 2 years as a leader of the e-commerce business

“Andy Dunn, founder of Bonobos and senior vice president of digital consumer brands at Walmart, is officially parting ways with the company” writes Bethany Biron for businessinsider.com. “I learned a lot more about retail transformation in the digital age at the world’s biggest company,” Dunn wrote in the note.However, Walmart has struggled to capitalize on these acquisitions and its e-commerce business is operating at a loss of an estimated $1 billion, according to a Recode report.Bonobos was one of a series of brands — including ModCloth, Moosejaw, Hayneedle, and Bare…

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SEC Sues $42 Million ICO for Selling Unregistered Securities

“According to the announcement, Eran Eyal, founder of UnitedData, conducted a fraudulent ICO of unregistered securities, selling Shopin tokens” writes Arnab Shome for financemagnates.com. As the search for fraudulent initial coin offering (ICO) continues, the Securities and Exchange Commission (SEC) has charged another blockchain project for defrauding hundreds of investors, raising $42 million. Last month, Gladius, another multi-million ICO, dissolved the company, ignoring the SEC’s order to refund the investors.The founder was also accused of using customer funds for his personal use, including at least $500,000 used for rent, shopping,…

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A first-time startup founder explains how to build the right team to attract investors and grow the business

“Once founders have established credibility and have a strong team, the real challenge is finding a lead VC, Yudina said” writes Shannen Balogh for businessinsider.com. And as a first-time founder without a technical partner, Yudina said establishing credibility with investors didn’t come easy.She started attending networking events, looking for a co-founder or technology lead. Source: businessinsider.com

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Crypto News 

The cryptocurrency community is up in arms after a US citizen gave a talk on blockchain in North Korea and was then arrested

“The cryptocurrency community is up in arms after the arrest of an expert who was accused of helping North Korea evade US sanctions” writes Charlie Wood for businessinsider.com. He was accused by federal prosecutors on Friday of giving a talk at a cryptocurrency conference in Pyongyang, North Korea, and handing over technical information.North Korea is widely believed to be at the centre of several major cryptocurrency hacks, and for using its gains to fund state activities. Source: businessinsider.com

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The best time to sell your company is when you don’t need to. Here’s how to avoid selling because you’re desperate.

“If you’re running out of money, your company hasn’t been growing, and you’re desperate to sell it, then you don’t have any leverage,” Kan said” writes Shana Lebowitz for businessinsider.com. In the guide, Kan says it might be that your company can help the acquirer stay competitive in a certain business area.Several years later, after he’d launched his next company — Atrium, a law firm for startups — he published a guide to selling your startup. Source: businessinsider.com

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