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Localbitcoins Dealer Given 2 Years Prison, Must Return Almost $1 Million in Illegal Gains

Jacob Burrell Campos, a 22-year-old U.S. citizen from Rosarito, Mexico, has been ordered to return almost $1 million worth of funds he accrued illegally via the Localbitcoins website. Campos, who pleaded guilty last October to operating an unregistered Bitcoin exchange, has now been ordered to hand over $823,357 – money the state believes was earned through the unlicensed transmission of…

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OmiseGO’s OMG Network Goes Public in Plasma Breakthrough

Elephants in Ayutthaya

The team behind OmiseGO (OMG) have today realized a major milestone; enabling public access to the alpha release of its so-called OMG Network – a proof-of-stake and infinitely scalable Plasma blockchain with a decentralized exchange built into its core consensus layer – for the very first time. The network’s alpha version, which the OmiseGO team are calling Ari – the…

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