The legendary American boxer Mike Tyson is in the latest cryptocurrency news for denying the news putting forward his support for a blockchain based platform for fighters that is dubbed Fight to Fame, which is potentially a fraudulent scheme.
Tyson published a tweet on August 14 in which he said that he is not part of it. The full tweet reads:
“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. Any media reporting my current involvement isn’t accurate.”
As reported on many best cryptocurrency news sites before, Mike Tyson will serve as a founder and chairman of the sports and competition committee for allegedly blockchain based sports project Fight to Fame. The project also considered issuing a so-called Tyson Token as well as a token sale in early June.
This spring, the cryptocurrency research and analysis firm Cointelligence released the results of its research in the project in which they call the CEO Shi Jianxiang and the project Fight to Fame is “a total fraud” – a statement which went viral in the altcoin news.
In contrast to this, Cointelligence revealed that Shi is wanted by Interpol as well as the Chinese regulatory authorities “on charges of fraud and illegal fundraising that caused losses to investors of more than 10 billion yuan [about $1.5 billion]”.
However, all of this was later confirmed by Mike Tyson and his wife and manager Lakiha Tyson, who told the technology focused media outlet Modern Consensus that the famous ex-boxer and professional had negotiated working with the project several years ago. However, he later made “very clear [they] … are not involved with Fight to Fame.”
Lakiha Tyson also said that the current mishap is due to an “incautiously signed but very preliminary agreement” with Fight to Fame’s founder Shi Jianxiang, who initially offered Mike Tyson a casting position in a Hong Kong martial arts film.
Later on, Lakiha Tyson approved the agreement and amended the clause specifying that as a “partner and co-founder Mike Tyson will cooperate fully with UCMPA,” as well as hand-wrote “as per agreed in writing at a later date.” She said:
“We had no idea that this was a way to launch this Tyson Token. We didn’t agree to this. I was fuming at this point.”
Philippine Police Makes A Raid On China-Focused Cryptocurrency Scam
“Therefore, these should be registered with the Commission and necessary disclosures need to be made for the protection of the investing public," the draft notes.In February this year, CEZA announced a new set of rules governing digital asset token offerings, designed to regulate the industry and protect investors against acquisition of utility and security tokens.
Crypto Hacker Steals 30,000 EOS Through Gambling Dapps
US Treasury Sanctioned Major North Korean Hacker Groups For Cyberattacks
“Treasury is taking action against North Korean hacking groups that have been perpetrating cyber attacks to support illicit weapon and missile programs. [...] We will continue to enforce existing U.S. and UN sanctions against North Korea and work with the international community to improve cybersecurity of financial networks.”In August this year, many best cryptocurrency news sites talked about the US Treasury and its attempts to sanction hacker groups. The news also reported that the United Nations claimed that North Korea had netted around $2 billion by hacking banks and cryptocurrency exchanges. The UN Security Council North Korea Sanctions Committee also came up with a statement, saying that these hackers formed an essential part of the government's funding, reporting the following:
“Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars.”On September 1 this year, we also reported that the North Korea official state media denied allegations of massive theft by North Korean agents. The KCNA cited a statement from the National Coordination Committee of the DRPK which accused the US and other hostile forces of spreading slanderous rumors. The statement read:
“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”The statement also added that the UN is "re-enacting the same old trick as the fascist propagandists of Hitler used to use."
Coinbase UK Settles A Phishing Attack Lawsuit Where Victim Lost 80 BTC
Join us on Facebook
- Bitcoin Price Analysts: A Strong Bull Run Is Imminent
- Low Bitcoin Volatility Could Power A Strong Price Movement
- Berkeley City Council Member The First To Buy Cannabis With Cryptocurrency
- Ethereum’s Network Demand Is High Without Transferring ETH Tokens
- Bitcoin.com Crypto Exchange Is Reportedly Faking Its Volumes
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News2 days ago
German Government To Combat Libra With New Blockchain Strategy
Bitcoin News2 days ago
Bobby Lee Bitcoin Price Prediction: BTC Could Reach $200K Very Soon
Altcoin News3 days ago
Ripple Is Selling XRP At Discount To Institutional Buyers
Regulation1 day ago
IRS Is Hunting Cryptocurrency Traders With Warning & Action Letters
Bitcoin News3 days ago
Bitcoin Attempts To Break The $11,000 Resistance Line: Price Analysis
Ethereum News1 day ago
Ethereum Price Flashing: Can ETH Surge To A New Yearly High?
Analysis1 day ago
Crypto Could Become ‘The Next Frontier’ In The War On Terrorism: US Treasury
Bitcoin News4 days ago
Crypto Survey Shows 40% Of Millennials Would Choose BTC In Recession