Binance offers VIP membership to the victims of their KYC attack, and Telx Technologies comes out with a Crypto-Facilitating SIM Card. Let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. The cryptocurrency exchange Binance announced that it will offer a lifetime VIP membership to all its users affected by the recent Know Your Customer (KYC) images leak on the platform. This message coming via an official blog post, currently Binance is “actively contacting all potential victims with […] guidance on privacy protection and restitution,” and highly recommends “affected users to apply for new identification documents in their respective region.” The post also states: We are compensating affected users with a lifetime Binance VIP membership, including preferential trading fees, support, and more services.” Will this action be enough to make the people who were hacked happy enough to still use Binance? The United States Federal Trade Commission has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals. According to an official statement the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as part of the settlement. In March 2018, the Trade Commission first received a court order against 3 alleged criminals that stopped their misleading marketing practices and froze their assets. At the time, the commission stipulated that the individuals violated the Act by “advertising, marketing, and promotion of purported money-making schemes.” What is the future of regulation so far as cryptocurrency in the USA? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. About 10 years ago, the thought of self-driving cars was far from reality, but now massive strides have been made in the field of autonomous vehicles. Some of the world’s leading automobile companies have been exploring the applications of blockchain technology and how it can be used to improve vehicles, the systems that operate them as well as how they interact with the world around them. Back in May 2018, the Mobility Open Blockchain Initiative (MOBI) was launched by a joint venture made up of over 30 companies, headlined by major automobile companies BMW, General Motors, Ford and Renault. With all of these companies looking to blockchain to help the development of the cars, how will these two amazing technologies grow. A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine. News outlet U.S. News recently reported that a 25-year-old man has plead guilty to charges including money laundering and distributing methamphetamines. Per the report, he could be sentenced to life in prison. The authorities allegedly claim that from 2015 through 2017 the suspect exchanged BTC and dollars, ran a Bitcoin ATM and admitted to making deals with drug dealers and other criminals. Will there continue to be a crackdown on these sorts of criminals? Cryptocurrency and telecommunications company Telx Technologies announced the launch of the first crypto SIM card wallet that enables transactions via SMS. The card is set to allow its users to send cryptocurrencies via SMS with their dedicated crypto phone number. What is most interesting is that these transactions do not require a smartphone or an active Internet connection. On the other hand, the system also offers no control over a user’s crypto wallet. Sim cards that allow users to send crypto currency. When will this become the norm in the world of cell phone technology? Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.