The U.S. Department of Justice charged McAfee Friday with conspiracy to commit securities fraud, wire fraud conspiracy and money laundering conspiracy for activity related to his cryptocurrency venture, known as the "McAfee Team." A parallel action was filed by the CFTC.
McAfee is currently being held in custody in Spain and faces extradition to the U.S. in a separate case focused on alleged tax evasion.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
In this episode of The Scoop, StarkWare Co-Founders Uri Kolodny and Eli Ben-Sasson walk through StarkWare's recent fundraise and discuss how their firm is bringing affordable blockchain transactions to the masses.