Founders, Steven Seagal 'exit' controversial cryptocurrency Bitcoiin to effect anonymity |

Founders, Steven Seagal ‘exit’ controversial cryptocurrency Bitcoiin to effect anonymity

Peter Terlato 26 March 2018 NEWS

Bitcoiin also reported that it has completed its token sale and announced that its coin will debut this week.

The founders of controversial cryptocurrency Bitcoiin2Gen (B2G), along with the brand’s lead ambassador Steven Seagal, have withdrawn their association with the company to help establish total decentralization.

In a recent announcement Bitcoiin explained that it will become a completely anonymous cryptocurrency, with no individual or individuals having control over the entity. Founders will appoint new owners of the website.

“As Bitcoiin goes through the conversion phase from token to mineable coin we wish to advise that Bitcoiin will join the likes of the original Bitcoin and become a truly open source. Therefore a big thank you to the Founders and to our Brand Ambassador whom we wish all the best in their future endeavors,” the company revealed.

Bitcoiin also reported that it has completed its token sale and announced that its coin would debut this week.

“After our successful ICO we are proud to announce that we will be launching our coin live this week, the 26th of March 2018! Please allow up to 10 working days for all tokens to be converted to bitcoiins in your user interface… Some tokens are still available and can be purchased until the completion of our conversion process,” according to a statement on the company’s website.

The crypto company also attempted to “debunk” the theory that the company will have a staking or referral program beyond the initial coin offering (ICO), labeling it as media-driven “sensationalism” and not “reality”.

“We are stating unequivocally for the last time before the blockchain goes live that neither staking nor referrals will exist in the blockchain or the Bitcoiin ecosystem,” Bitcoiin representatives said.

Bitcoiin was inspired to make a “superior or more advanced version of bitcoin”, signing film actor Steven Seagal as brand ambassador in February because his lifestyle and ethical principles matched the company’s ethos.

In early March, the New Jersey Bureau of Securities issued a cease and desist order against Bitcoiin for fraudulently and improperly offering unregistered securities in violation of state securities regulations.

Boxing superstar and Filipino senator Manny Pacquiao signed on as the latest celebrity cryptocurrency ambassador, announcing plans for an initial coin offering (ICO) on Global Crypto Offering Exchange (GCOX). Other notable GCOX investors include former English national football striker Michael Owen.

Wu-Tang Clan, a hip-hop collective from Staten Island, New York City, are revered as one of the greatest rap groups of all time. One of the founding member’s offspring, Young Dirty, decided to launch a cryptocurrency.

Low-cost carrier AirAsia is considering entering the cryptocurrency space through the launch of an initial coin offering (ICO) which would become part of the Southeast Asian airline’s BIG Loyalty frequent flyer program.

This week, social media platform Twitter prohibited the advertisement of cryptocurrency ICOs and token sales, following in the footsteps of fellow networking giant Facebook and global tech company Google.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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