Block Telegraph Takes a Crack at Intelligent Blockchain and Cryptocurrency News 1 8291

Blockchain technology is moving at a breath-taking speed. Every day new projects are announced, new Initial Coin Offerings launched, updates released, tokens created, and new currencies unveiled. Even for the most die-hard enthusiasts, it’s hard to keep up with the news.

This is partially due to the speed of development, but also due to the disparate content channels in the crypto community. To remain informed, community members are supposed to subscribe to a plethora of Reddit forums, Slack channels, Telegram channels, Gitter channels, participate in the Bitcoin Forum (which deals with a much wider spectrum of projects than just Bitcoin), subscribe to a number of newsletters and monitor the web pages of major projects. And no serious crypto enthusiast can get away without following the key players on Twitter and monitoring important LinkedIn groups and company sites.

After getting all this information, there is some serious filtering to be done. It is not easy to separate the rumors from the real announcements and the vapourware from the solid projects. With all this going on, there is hardly any time at the end of the day to check the current state on one’s investment on CoinMarketCap. Let’s not even consider time for productive community contributions.

Block Telegraph – An Intelligent Crypto News Site

A new blockchain-focused news and background site is about to change this. BlockTelegraph.io, backed by the successful startup Hooch, provides up-to-date news on blockchain technology and cryptocurrencies with a focus on informative content about promising projects, crypto community activities, and future trends. The news content is combined with articles explaining key concepts and underlying technologies, as well as in-depth analysis of use cases and other important issues, such as Blockchain governance and regulatory issues and technology outlooks.

A Team of A-Class Writers

To achieve all this, Block Telegraph has built a versatile team of writers with different backgrounds. Hands-on technical skills and knowledge of the underlying cryptography and distributed systems theory are combined with industry-specific knowledge of different application domains. The writers’ educational backgrounds range from Ph.D. in Computer Science to Master in Arts. This ensures a wide range of topics and a combination of insights no single specialization can provide.

Solid Backing

Block Telegraph is backed by Hooch, a well-funded start-up that has recently secured $5 million in seed funding, in addition to $2.5 million obtained earlier. The core business of the company has grown from a drink-a-day subscription service to providing exclusive lifestyle experiences, such as travel and entertainment offerings, including hotel discounts, concerts, concierge services and much more.

Recently, the company has ventured into the blockchain space, announcing TapCoin. This new cryptographic token provides an in-app currency subscribers can use to obtain discounts and access to exclusive experiences and services. In exchange for awarding TapCoin tokens to users, experience providers obtain access to subscribers’ data and history, which allows them to tailor offers and experiences to their customers.

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Tina Mulqueen is the CEO of Kindred PR. She consults with reputable ICOs on marketing and public relations strategy, helping clients to secure more than $10M in funding. She was named one of the top young communications professionals by INC Magazine, and her campaigns have been featured in Adweek, Entrepreneur, INC and Forbes, in addition to multiple other niche and television outlets. She's an advocate for women in technology, and often speaks about the intersection of technology and retail marketing. She writes regularly for Forbes, and has written for Huffington Post, Today, Thrive Global, Elite Daily, New York Lifestyles Magazine, and more.

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The Block Talk Award Winners Announced 1 1110

Thanks to everyone for submitting your favorite blockchain innovators and influencers. Our editorial team had a great time learning about new projects and individuals that are building a foundation for our future with blockchain technology, and realizing amazing technological feats in the present.

While it was difficult to select just one project or individual in each category, we’re excited to announce the winners of our first inaugural Block Talk Awards.

  • Best ICO Analysis & Commentary – Tatiana Koffman, Various Outlets
  • Most Engaged Community – Rod Turner, Various Outlets
  • Favorite Blockchain Blogger – Rachel Wolfson, Forbes
  • Best Crypto Journalist – Jordan French, The Street
  • Innovative Female Founder – Amber Baldet, Clovyr
  • Best Podcast Host(s) – Joel Comm and Travis Wright, Bad Crypto
  • Favorite Blockchain Event Host – Adryenn Ashley, Loly.io
  • Top Crypto Speaker – Ian Balina, Crypto World Tour
  • Most Innovative Blockchain CEO – Trevor Koverko, Polymath
  • Top Social Entrepreneur – Evan Caron, Swytch

Winners in each category will receive a $1500 media credit on The Block Talk, access to a network of TBT Award honorees, and VIP access to TBT events in 2019.

Defrauding Crypto CEO Josh Garza  Sentenced in Landmark Case 0 98

The disgraced former CEO of fraudulent crypto company GAW Miners has reached the end of a legal saga spanning more than three years. Josh Garza has been sentenced to 21 months in prison and payments of $9,182,000 in damages. His prison term will be followed by three years of supervised release, including six months of home confinement.

US Attorney for the District of Connecticut John H. Durham announced the sentence, which follows Garza’s guilty plea to wire fraud.

How GAW Miners Lost Their Zen

GAW Miners started as a cloud mining service. Fraud allegations began to emerge in 2014, and formal charges followed. The SEC accused GAW with acting as a Ponzi scheme by selling more crypto mining power than they really had. Around that time, GAW also peddled its token, PayCoin, which they promised had a $20 ‘floor.’ That floor dropped out in 2015, to the ire of beswindled token holders. By the end of January, one PayCoin was worth less than $2.

According to the Department of Justice, Garza “stated that the market value of a single paycoin would not fall below $20 per unit because Garza’s companies had a reserve of $100 million that the companies would use to purchase paycoins to drive up its price. In fact, no such reserve existed.”

Nor did an $8 million transaction in which GAW’s parent company allegedly purchased controlling shares of ZenMiner (another company founded and operated by Garza). “Garza made multiple false statements related to the scheme,” the release states, “to generate business and attract customers and investors.”

The PayCoin collapse initiated the undoing of GAW and ultimately of Garza. GAW tried to bounce back with some unsuccessful endeavors like a crypto exchange called Mineral and a platform for making Amazon purchases called CoinStand, before the company went into default for failing to pay their power bill.

The truth eventually began to come to light after internal emails and documents surfaced, after GAW went under separate investigations by the SEC and the DOJ. A few years later, these investigations have finally resulted in Thursday’s sentence.

Justice and Fraud in CryptoSpace

The sentence is a win for the Department of Justice, which has been puzzling over how to govern the crypto world, and could set precedents for following cases, including investigations already underway.

A Bloomberg study has found that over 80 percent of ICOs are scams. Meanwhile, TechCrunch reports that over 1,000 crypto projects have failed in 2018, and $1.1 billion in cryptocurrencies have been stolen this year, according to CNBC.

The crypto landscape and the justice system clearly have some reckoning to do, but investors need to exercise serious caution in the meantime. Although Garza’s sentence sets a precedent, it’s based on a situation that’s not necessarily unique.

Garza’s Sentence May Not Satisfy Defrauded Victims

Critics of the sentence have pointed out how with good behavior Garza could be out in 18 months, a light load considering his fraudulent acquisitions through PayCoin could’ve totaled $20 million by some estimates, and considering the 20 years of prison time per infraction Garza was facing in court. The lighter sentence was part of a plea deal.

While Garza denied all charges at first, he expressed remorse about his actions in a courtroom statement Thursday, according to CoinDesk. Garza is ordered to report to prison on January 4th, 2019.

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