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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.cryptocoinsnews.com/plexcoin-ico-organizer-held-contempt-quebec-superior-court",
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      "title": "Plexcoin ICO Organizer Held in Contempt by Quebec Superior Court",
      "body": "![PLEX.jpg](https://steemitimages.com/DQmYSe6xTvZeyAcGsPsuR7jnABLENnfnygjcy8dDcWiTstT/PLEX.jpg)\nPlexCoin ICO organizer Dominic Lacroix has been found in contempt of court in Quebec for violating a ruling that barred Lacroix and his associated companies from holding an initial coin offering in Quebec or soliciting investors from the Canadian province.\n\nThe Autorité des marchés financiers (AMF), Quebec’s chief financial regulator, announced in a statement that the Quebec Superior Court — the province’s highest trial court — had found Dominic Lacroix and an associated company, DL Innov inc, in contempt for violating an earlier court order related to the PlexCoin ICO.\n\nIn July, the AMF had issued orders prohibiting Lacroix and several associated companies from promoting “any form of investment” to investors in Quebec and operating an investment scheme from within the province, even if it was targeted solely at investors who did not live in Quebec. The order specifically mentioned PlexCoin, an ethereum-based token that markets itself as “the next cryptocurrency” and advertises the “potential profit” that investors will make by participating in the early stages of the now-concluded PlexCoin ICO.\n\nIn addition, the Financial Markets Tribunal (TMF) ordered PlexCoin to cease advertising on the internet — anecdotal accounts indicate the PlexCoin ICO had engaged in an aggressive Facebook ad campaign — close its Facebook accounts, shut down its websites or at least block IP addresses originating from Quebec, and publish the TMF order on the homepage of all associated websites.\n\nWhen it became clear that Lacroix and PlexCoin did not intend to comply with the orders, the AMF issued a bulletin warning investors about the risk of investing in the ICO.\n\nThen, in September, the TMF issued additional orders against Lacroix, associated companies, and another individual named Sabrina Paradis-Royer. Most notably, the orders prohibited them — as well as banks and third-party payment platforms — from disposing of “any funds, securities, or other property in their possession or entrusted to them”.\n\nNow, Justice Marc Lesage of the Quebec Superior Court has found Lacroix and DL Innov inc. guilty of contempt of court for repeatedly violating these earlier orders. From the AMF announcement:\n\n“In his decision, [Lesage] emphasized that the evidence filed by the AMF demonstrates beyond any doubt that Dominic Lacroix and DL Innov Inc., representatives and alter ego of PlexCorps and PlexCoin, continued to solicit and propose to investors, directly and indirectly, to invest in the purchase of PlexCoin, a virtual currency, after orders issued by the Administrative Court of Financial Markets preventing them from July 20, 2017.”\n\nAccording to the announcement, a hearing will take place on November 14 to determine the penalty for the finding.\n\nThe PlexCoin saga is not Lacroix’s first run-in with the AMF. In June of this year, at the agency’s request, the TMF banned Lacroix, DL Innov inc., and several other related companies from  “carrying out, directly or indirectly, any transaction in any form of investment” regulated by the Securities Act as punishment for breaching securities laws. The AMF also notes that Lacroix and one of his companies pled guilty to six counts of “illegal placement, illegal practice, and transmission of false or misleading information” in 2013 and were fined $25,000. PlexCoin was not named in either of these rulings.\n\nSome statements in this article have been translated from French.\n\nFeatured image from Shutterstock.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.coindesk.com/bitcoin-gold-website-following-massive-ddos-attack/",
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      "body": "![Steemit.jpg](https://steemitimages.com/DQmfDdW6u2tXBThAbnfxYzVgmfVrtX4D9mCgoGzhhgzATDt/Steemit.jpg)\nA new cryptocurrency called bitcoin gold (BTG) officially separated from the bitcoin blockchain this morning – and the project's website has been under denial-of-service attacks ever since.\n\nAiming to be a more egalitarian derivative of the popular cryptocurrency, one able to be mined with less specialized hardware, the first step on the bitcoin gold roadmap was to take a \"snap shot\" of the blockchain as a means of a creating a replica with new rules. As detailed in CoinDesk's explainer, BTG now plans to distribute free cryptocurrency in such a way that it is available to anyone holding bitcoin at the time of the fork.\n\nNot long after this process initiated, however, the developer team began reporting challenges:\n\n\"Massive DDoS attack on our cloud site. 10M requests per minute. We are working with the providers to ban all the IPs. We will be up soon!\"\n\nBut hours later, it seems like the website is still being bombarded, preventing those who wish to keep track of the cryptocurrency's progress. Complicating matters is that the new blockchain is not yet public, and block explorers or other common tracking tools have yet to be released.\n\nStill, denial-of-service attacks are a common occurrence in the launch of cryptocurrency projects, especially those that prove controversial or divisive, and bitcoin gold meets this definition. Behind the project is Hong Kong-based LightningAsic CEO Jack Liao, who is openly critical about bitcoin mining in its current form, and the companies that profit from the activity.\n\nIt's probable that his opinions could make bitcoin gold a target for attacks, but as well as this point of contention, the project has been the cause of some other criticism.\n\nNamely, BTG uses a process by which cryptocurrency will be privately created before it is open-sourced to the public. This process has been the cause of volatile discussion on developer channels, and has caused some to distrust the cryptocurrency.\n\nThere's a few other sources of outrage – including that bitcoin gold hasn't quite solved the risk of \"replay attack\" – which refers to transaction complications that may arise when two incompatible versions of the bitcoin blockchain are unable to distinguish each other.\n\nThat said, the cryptocurrency is still under development, and there has yet to be official word from the project on the cause of the outage.\n\nBroken keyboard via Shutterstock",
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      "body": "![Untitled.jpg](https://steemitimages.com/DQmbFUig9RRj28ZN1DvbHsfnEX9Y7erNQ64uArJ6QfpsyRf/Untitled.jpg)\nA new cryptocurrency has been created through a hard fork of the bitcoin blockchain.\n\nCompleting a process that began in July, the bitcoin gold technical team has taken what it calls a \"snapshot\" of the bitcoin blockchain so it could be recreated and reconfigured with new rules, ultimately creating bitcoin gold at block 491,407 on the original blockchain.\n\nAs of now, the process is underway by which the new bitcoin cryptocurrency will be completed and released to existing bitcoin users.\n\nAs profiled in our explainer, the project aims to tackle the perceived problem that miners as a group have too much influence over the direction of the bitcoin network. To lessen their control, bitcoin gold replaces bitcoin's current mining algorithm with one that cheaper graphics processing units (GPUs) are able to mine.\n\nThe idea stems from the competitive nature of bitcoin mining, which now relies solely on expensive application-specific integrated circuits (ASICs). In part because of this, mining has centralized into the hands of large mining companies, which bitcoin gold supporters feel works against bitcoin's key value proposition: decentralization.\n\nStill, while the hard fork has been initiated, that doesn't mean users can yet claim their funds.\n\nUntil they can, bitcoin gold developers will operate the new blockchain in isolation, with the first round of block rewards being set aside for allocation to the development team.\n\nAccording to group representatives, the new cryptocurrency network is aiming to be open to the public by November 1st.",
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