TalkTalk hacker's parent's spared jail / Ohio tax services suspended / Bithumb targets India

Inside Bitcoin presented by Keeps.

Presented by Subscribe | View in browser Market Watch: The market remains down on previous highs as we get toward the end of the week with little movement among the top 10 coins. Bitcoin: $8,204 (⬇️ 0.84%) // $147.4 billion market cap. Ethereum: $174 (⬇️ 1.42%) // $18.8 billion market cap. XRP: $0.246 (⬇️ 1.70%) // $10.6 billion market cap. Tether: $1 (⬇️ 0.07%) // $4.1 billion market cap. Bitcoin Cash: $221 (⬇️ 1.20%) // $3.9 billion market cap. Top 100 Winner: Centrality: $0.046 (⬆️ 16.66%) // $37 million market cap. Top 100 Loser: Zilliqa: $0.005 (⬇️ 15.97%) // $43 million market cap. Prices are as of EDT.       1. The parents of the teenager who hacked internet provider TalkTalk have been spared a prison sentence. Last month, it was reported that Elliott Gunton, of Old Catton, near Norwich in England, had sold stolen personal data in exchange for cryptocurrency. As a result of his actions, he is reported to have amassed around $300,000 that was confiscated and auctioned off by police. His parents both pleaded guilty to transferring criminal property after they were caught transferring funds from a seized hardware wallet. However, rather than sentencing them, Judge Stephen Holt gave them both a suspended sentence stating that they had "misguidedly" tried to help their heavily indebted son. –MIRROR       2. Ohio Treasurer Robert Sprague has suspended a service that allows companies to pay their taxes in Bitcoin. According to an announcement by Sprague, approval is first required by the Board of Deposit before the OhioCrypto.com website launched, enabling firms to pay their taxes. While the treasurer said that it was important for the state to consider new technologies that push it forward, it must also make sure that any new processes introduced to follow the law. First launched last November, it was noted at the time that the website was "planting a flag" for the state with the adoption of cryptocurrency. –COINTELEGRAPH       A MESSAGE FROM AUDIBLE Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. Explore all the ways listening on Audible can help improve mind, body, and soul with entertainment, information, and inspiration. Sign up at audible.com/insidenews for your 30-day Audible free trial.   3. Throwback Thursday: FBI shuts down Silk Road, arrests Ross Ulbricht On October 2nd, 2013, the Federal Bureau of Investigation (FBI) announced the arrest of Ulbricht, the alleged operator behind the dark web site Silk Road. The law enforcement agency also said that it has seized around $3.6 million worth of Bitcoin. Ulbricht has been in prison for six years and is serving two life sentences without parole plus 40 years. A Free Ross website states that he has been in prison for 2,194 days. A petition to free Ulbricht has attracted over 200,000 signatures. Even though Silk Road was shut down, that didn't stop former administrators of the website opening up Silk Road 2.0. This was later shut down by the FBI in November 2013, with those involved arrested in December of the same year. The only way he could be released from prison is through clemency from the U.S. President.       4. Despite a less than favorable crypto stance in India that isn't putting off one South Korean exchange from attempting to set up shop in the country. So much so that Bithumb's Bithumb Global wants to establish a regulated exchange. Reports suggest that the platform is seeking to expand its services in India by teaming up with local cryptocurrency exchanges. It will also fund local blockchain startups and implement new initiatives for traders. Bithumb Global has said that it will work with regulators to build the exchange. The announcement comes at a time when the government has proposed a 10-year jail sentence for traders found using cryptocurrency and when several local platforms have closed down due to regulatory uncertainty. –THE ECONOMIC TIMES       A MESSAGE FROM KEEPS Keep more hair on your head and more money in your wallet. Keeps is the easiest way to stop hair loss (and even regrow some of what you've lost). Their FDA-approved treatments are delivered directly to your door in discreet packaging. Plus, at less than $1 a day, keeping your hair has never been more affordable. Get 50% off your first 3 months 5. The launch of Telegram's TON blockchain will take place in late October according to an email sent to investors today. The Telegram Open Network, which raised $1.7 billion in early 2018, is designed as a proof-of-stake (PoS) protocol that has support from several shardchains. To confirm blocks, investors will select the network's validators from those who stake a considerable amount of tokens. –U TODAY       6. Axon Enterprise Inc., a maker of U.S. police body cameras, is turning to the blockchain in an attempt to thwart video tampering. Axon's Body 3 cameras were rolled out last week with the security upgrades and comes in the response of demand from lawmakers to help distinguish fact from fiction especially in areas of politics and criminal justice. With a rise in software enabling the creation of fake videos, it's hoped that the blockchain will deliver the confidence to verify any video. –REUTERS       7. A global survey of more than 8,000 people has found that the least hot technology trends of 2020 are cryptocurrency and blockchain. People from Australia, France, Germany, Malaysia, Mexico, Singapore, Spain, the U.K., and the U.S. were asked which big technology out of 10 would change society next year. The two least picked were crypto at three percent and blockchain at two percent. Renewable energy came in at 20 percent while 5G had 15 percent. –FINDER       8. The Missouri Secretary of State Securities Division has issued a cease and desist letter to Mavixbtc Limited, an unregulated crypto firm. According to the letter, the firm is alleged to have misled investors, claiming that it had registered with the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. It also fraudulently used the registration number of a registered investment advisor who did not know of it. Mavixbtc faces civil penalties and investigation costs of over $30,000. –COIN DESK       9. Patrick Harker, President of the Federal Reserve Bank of Philadelphia, has said that central bank digital currencies are "inevitable." However, he added that the U.S. shouldn't be the first mover on it given the dollar's role as the world's reserve currency. He went on to say, though, that it's better for them to "start getting our hands around it." –REUTERS       10. Decentralized derivatives protocol Vega has risen $5 million in a seed round led by Pantera Capital. Other participants included Ripple's investment arm Xpring, Rockaway Blockchain, and Monday Capital to name a few. The aim of Vega is to introduce its core protocol for secure and non-custodial decentralized marginal trading. –MEDIUM       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Stop your hair loss before it's too late. Get 50% off your first 3 months of Keeps today. Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. 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