Bitcoin This Week: London College Offers Blockchain Course, Bitcoin Maven Sentenced To Jail And More

Bitcoin This Week: London College Offers Blockchain Course, Bitcoin Maven Sentenced To Jail And More

SEC Settles Case Against UBI Blockchain Lawyers

The Securities and Exchange Commission was in the news again this week as it revealed that it had settled a case against two men who it had accused of illegally selling shares in a blockchain company at an inflated price. The US regulator had taken action against lawyer T.J. Jesky, and his law firm’s business adviser Mark F. DeStefano after it spotted “unusual and unexplained market activity” involving UBI Blockchain, the company at the center of the case.

Former Bitcoin Broker Sentenced To Jail

Also on the wrong side of the law was a former stockbroker, who was sentenced to a year and a day in federal prison, having admitted to illegally operating an unregistered Bitcoin exchange. Theresa Lynn Tetley, who has been dubbed “Bitcoin Maven” by the press, exchanged between six and nine million dollars worth of Bitcoin for customers across the United States, with little regard for anti-money laundering laws.

Lightning Network Ready to Storm

A year and a day sometimes feels like the time it takes for a Bitcoin transaction to be verified. But that could be about to change. The much touted “Lightning Network” will be made available to 100 merchants on a trial basis in the near future, according to Coindesk.

London College Offering Course In Blockchain

Do you become tense and nervous when dinner party chat turns to blockchain? Well, perhaps you should go to better dinner parties, or; you could keep up with your buddies by completing an online course in Cryptocurrency Investment and Disruption, as offered by respected UK college the London School of Economics. Explore over sixty hours of content from the comfort of your own home, learning how, “cryptocurrencies and blockchain will shape the future of money”.

Bitcoin Falters On The Road To Recovery

Monday’s opening of $6775 seemed to promise another week of recovery following that of the last fortnight. However, unforeseen events were about to intervene, as has so often been the case this year. Tuesday’s news that decentralized exchange Bancor had been hacked, were quickly followed by reports that My Ether Wallet users may have been spied upon through VPN extension, Hola. $400 was shaved off the Bitcoin price on Tuesday, sinking it to a low of $6320. There was a hint of recovery on Wednesday as it struggled to over $6400 before slipping again to close at $6360.

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