Token MTC

Market Cap $ 2.771 MM (#525)
24h Volume $ 90.048 K
Chg. 24h: -9.43%
Algo. score 3.3/5  (#316)
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Fourth Suspect Arrested in India’s $71 Million Money Trade Coin Crypto Scam

The Indian Express has reported that Indian police recently arrested a member of a group alleged to have operated a cryptocurrency scam that raised nearly $71 million. The suspect, Rohit Kumar, was arrested after a complaint from a Kanpur resident and police believe that Amit Lakhanpal is the mastermind behind the scheme which had a fake token called Money Trade Coin (MTC). According to an anonymous police source, Kumar “set up an office in Delhi’s Vikram Nagar and used [it] to collect money from investors [by] promising high returns.” The group is alleged to have inflated the value of MTC token, even though it was not listed, and registered complaints to the police accuse the group of cheating and criminal conspiracy. (RS)

a month ago

Delhi Police Arrest the Fourth Accused in a 500-crore Rupee Crypto Scam

Last year, the Thane Police busted a 500-crore rupee (approx. $717,950) cryptocurrency scam in Mumbai. Recently, the Delhi Police also arrested the fourth accused in the case, as per reports in the local news outlet The Indian Express. The accused reportedly launched a cryptocurrency and inflated its cost to shore up investments. The coin was never listed on any crypto exchange, and when prices fell, investors could not redeem their coins. Police Act to Enforce the Law The Delhi Police received a complaint from a Kanpur resident after which the cyber cell arrested a collection agent known as Rohit Kumar on Tuesday. Mr. Kumar is the fourth person to be arrested in this case where investors lost close to $717,950. The main accused of the case is Amit Lakhanpal, a 32-year-old man who worked as the chief executive of a real estate company. The man launched his own digital currency called Money Trade Coin (MTC). However, the currency was not listed on any cryptocurrency exchange. He had set up shop in Vikram Nagar area of Delhi where he promised high returns on the currency and collected money from investors. He inflated the cost of the currency artificially to shore up investments. Amit Lakhanpal May Have Fled to London The main accused is still on the run, and the police believe that he may be in London, after fleeing from Dubai. His chief accountant was arrested by the police earlier. Lakhanpal hosted several glamorous events in Dubai, reportedly attended by some members of the royal family as well. He also had an article published in a reputed international business magazine claiming to be the partner of one of the royals. He posed as a member of the Ministry of Finance and claimed that the ministry would start accepting the coins soon as well as claiming that MTC has offices in the UK, Italy, Malaysia, and Singapore. Delhi Police Arrest the Fourth Accused in a 500-crore Rupee Crypto Scam was originally found on Cryptocurrency News | Blockchain News | Bitcoin News |

a month ago

United Nations Partnership to Introduce Blockchain-Based Medical Health Services in Africa

The United Nations recently announced a new partnership between the United Nations Office on Drugs and Crime (UNODC) and, a blockchain based telehealth business, in which has committed to have its operation up and running in the Eastern African market by the end of June 2019. Through the platform, users have the ability to talk directly to a doctor or a psychologist for free, 24 hours per day, in return for the ‘tokenization’ of their personal data, which they effectively sell in return for services. currently operates in 20 countries and utilizes the MTC token. (JF)

2 months ago

SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee

In recent tweets, John McAfee, the popular cryptocurrency enthusiast, and influencer have been talking about the United States regulatory body, the Securities and Exchange Commission [SEC]. The founder of McAfee Associates commented on the SEC’s administration of the cryptocurrency space and said that the authority’s interference is an “unlawful right”. In a previous tweet, McAfee had written: “The SEC loses its first legal battle in its unlawful quest to regulate the Crypto space. As I pointed out, they have no lawful right to interfere with us. I can hardly wait for them to tangle with me. We are winning people.” He also stated that the SEC is a corrupt body and has been rightfully put down by the legal system of justice. He also implied that the SEC should be shut down in order for less arrogant people to step forward and utilize the power in the right way that benefits the Americans. Regarding the bull run of the cryptocurrency market, McAfee stated that Bitcoin [BTC] breaking above $4,000 is a sign of the market flip. According to the influencer, if it has turned, it is only the beginning. Moreover, he conveyed the point of view that 2019 could be the year the future generations look back on and name “the year of emergence”. The Founder of McAfee Software has been a loyal participant as well as an oracle in the cryptocurrency and blockchain industry. From Docademic to Bitfi Wallet, he has supported several projects on his journey in the space. He also took initiative in calling out HitBTC when it was fiddling with the funds of its customers. As of now, the crypto-market is blooming as it continues the bull-marathon. Here, all the big coins like BTC, XRP, Ethereum, Bitcoin Cash and suchlike have gained great momentum in their price as BTC crossed the $4,000 landmark. The post SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee appeared first on AMBCrypto.

2 months ago

Western Union olhando para Bitcoin e Blockchain

Por: Livecoins A Western Union é uma das gigantes de remessas online do mundo, e de acordo com o seu CEO estão olhando para Bitcoin e Blockchain atentamente. De acordo com o CEO da empresa, Odilon Almeida, sua operação já conta com várias moedas que são transacionadas todos os dias, e se por acaso as criptomoedas se tornarem uma opção das pessoas, a Western Union está preparada para dar o suporte. Além disso, no dia 17 de dezembro a empresa postou em seu Twitter oficial que as criptomoedas possuem muito hype, e que a empresa já estaria a duas décadas realizando transações digitais, e que portanto venha a blockchain. Além disso, o CEO disse que está olhando para a blockchain e estudando se a mesma pode fazer seus serviços mais eficientes, e por isso, já teria inclusive olhado para a blockchain da Ripple (XRP), que no momento da escrita deste era a segunda maior cripto no Coin Market Cap. Questionado se a WU faria transferência com dinheiro digital, o presidente disse que já faz isso a décadas, desde quando implantaram a MTC na plataforma, que é um número digital aceito em mais de 200 países. Apesar do anúncio da empresa ser positivo para o mercado, visto a visibilidade dada ao caso por uma grande empresa de remessas financeiras internacional, na realidade em nada impacta as transações com criptomoedas que são realizadas em todo o mundo diariamente e sem intermediários. Inclusive, em uma das respostas ao Twitter, um usuário disse que eles não entenderam a blockchain até agora, e que atualmente o que a empresa faz é atualizar os registros em bancos de dados fiat, e não transferir realmente o dinheiro entre países. Veja a entrevista do CEO na íntegra abaixo: Uma das empresas concorrentes da Western Union, que é a Transferwise, recentemente anunciou que não pretende utilizar as criptomoedas e que possui um serviço muito melhor do que a blockchain. O artigo Western Union olhando para Bitcoin e Blockchain apareceu primeiro em Livecoins.

2 months ago

The US prison system is running out of room

The federal government’s low-security correctional institutions are at their breaking point, according to a set of redacted contracting documents filed last week by the US Bureau of Prisons (BOP). The filing lays out the bureau’s justification for continuing an existing contract with private-prison operator MTC to run its Giles W. Dalby Correctional Facility in Post, Texas instead of putting it out for bids. Dalby currently houses 1,670 “convicted criminal aliens” who will be deported upon completion of their sentences. The filing says Dalby—as well as the 31 other low-security institutions in BOP’s portfolio—can’t handle any more inmates. “Currently, the Bureau’s low security facilities are operating at [redacted],” it reads. “Moreover, this overcrowding and Bureau’s overall population is expected to significantly increase because of the Attorney General’s April 11, 2017 and May 10, 2017 guidance regarding the aggressive prosecution of certain crimes.” That guidance, by Donald Trump’s attorney general Jeff Sessions, covered two things: mandatory charges for all migrants who cross the border illegally and a mandate that federal prosecutors pursue the most severe penalties and sentences in all cases. The Trump administration decided last year to continue using private prisons for federal inmates, reversing a decision by Barack Obama that was implemented by then-deputy attorney general Sally Yates. “With this change in policy, the Bureau anticipated reducing private prison contracts,” the BOP documents explain. “On February 21, 2017 the Attorney General rescinded the [Yates]...memo, after which the Bureau resumed its prior approach regarding the use of contracted bed space. As a result, the anticipated time period for continuity of services to the maximum extent practical was exceeded.” According to the bureau’s most recent budget, “population pressures have abated in the past four years,” which means federal prisons overall are now “only” 14% over capacity. Federal maximum-security institutions are overcrowded by 24%. After four years of decline, increased enforcement and prosecution “will increase the national inmate levels by about 2 percent in FY 2018 and by about 1 percent in FY 2019,” says BOP. It doesn’t sound like much until you consider that means close to 10,000 additional people will be incarcerated across the system in the next two years. Overcrowding increases security risks and makes prisons more dangerous, the BOP says. And the compressed timeframe required to meet the needs of Sessions’ policy changes made it impossible to bid out the existing contract, officials say. Relocating the inmates to other prisons would be so expensive, the BOP says it would “suffer serious financial injury, and it would lose the benefits it derives from contracting with the private sector to help manage its inmate population. Former FBI Supervisory Special Agent Dennis Franks told Quartz he finds the shift “ridiculous.” Franks, who was a prosecutor before he joined the FBI, managed various units including a multi-agency intelligence group and served as an assistant legal advisor. “Although I have been pro-law enforcement in two careers that encompassed 25 years, I believe the punishment should fit the crime,” said Franks. “Maximum penalties are not always appropriate. In fact, from a macro perspective, imposition of extraordinary punishment tends to have a negative impact on the overall effort. Any study of criminology demonstrates that it is important to understand the realities of the dynamics of our penal system.” All of this could have been prevented, said Martin Horn, a former New York City corrections commissioner who is now a professor at the John Jay College of Criminal Justice. “I think it’s very typical that when police and prosecutors choose a course of action that represents a shift, they never consult with corrections agencies to consider what the impact will be on them,” Horn told Quartz. “This is true at the federal level, as well as the state and local level.” The Bureau of Prisons declined to comment. The Trump administration is also cutting about 1,800 officer jobs across the entire federal prison system. Prison records obtained earlier this year by USA Today revealed that “hundreds of secretaries, teachers, counselors, cooks, and medical staffers” were used as fill-in guards to help alleviate staffing shortages in 2017.

4 months ago

$MTC is now listed on @secondbtcex, an exchange that has rec...

$MTC is now listed on @secondbtcex, an exchange that has recently launched and has a great potential. MTC will be t…

4 months ago

Blockchain For Healthcare is an 'Enabler', Not a 'Stand-Alone' Technology

Healthcare professionals managing medical records may benefit from using a blockchain-based data management system. Docademic is a healthcare platform being developed in order to create a “trustful repository for health-related information.” Given that managing sensitive patient data requires that the information be accurate, blockchain-based document authentication and identity verification systems currently being developed may be useful....

5 months ago

KuCoin Lists Docademic (MTC)

The KuCoin team today announced the listing of Docademic (MTC) on their platform. According to the team, MTC supports MTC/BTC, MTC/ETH trading pairs. The team also announced that its deposit services are currently available while its buying order will be opened today at 17:30 UTC+8. Additionally, its selling order will commence at 18:00 UTC+8 while its withdrawal services will begin at 20:00 UTC+8. (KE)

5 months ago

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