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INTERNET | Internet Software & Services / Gambling
herocoin.io

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Founded Year

2017

Stage

Acquired | Acquired

Total Raised

$110K

About HEROcoin

HEROcoin is a blockchain-based e-sports betting platform.On February 9th, 2021, HEROcoin was acquired by Greentube. The terms of the transaction were not disclosed.

HEROcoin Headquarter Location

PraterstraBe 1

Wien, 1020,

Austria

Latest HEROcoin News

Orange County Man Sent to Prison For Processing $25 Million Worth of Bitcoin Illegally

Jun 6, 2021

Kais Mohammad – a resident of Orange County – will spend the next 24 months in federal prison for operating an illegal BTC ATM service. The US officials said that the man processed up to $25 million with some of it on behalf of criminal suspects. Behind Bars In 2020 Kais Mohammad, also known as ”Superman29”, pleaded guilty to the charges against him of operating unauthorized money transmitting business, money laundering, and failing to maintain an effective anti-money laundering program. Judge Josephine Staton from the Central District of California sentenced the 39-year-old man to spend the next two years in prison, the US officials recently reported . According to the US Department of Justice, Mohammad was in charge of the illegal digital currency money services business – Herocoin – from December 2014 to November 2019. During this period, he offered Bitcoin-to-cash exchange services, charging fees of up to 25 percent – significantly above the usual market rate. The investigation added that Mohammad advertised Herocoin’s services online, asserting that he could exchange up to $25,000 worth of the primary cryptocurrency. Subsequently, under the nickname ”Superman29”, he would meet his clients – some of them criminals – in private to provide the service, but he never questioned the source of their funds. ADVERTISEMENT The US authorities acknowledged that they put into action undercover agents, who reached out to the outlaw for his services. They told him that their money comes from prostitution, human trafficking, and dark web activities, but Mohammad still did business with them and exchanged the cryptocurrency. In addition to the two years that he has to spend behind bars, ”Superman 29” also agreed to give over 17 BTC ATMs, 18.5 BTC, 222.5 ETH, and $22,820 in cash to the authorities. Other Punishments for Crypto Scams The aforementioned Kais Mohammad is not the only individual who will see a prison cell from the inside. One of the most notorious scandals this year was the Turkish trading venue Thodex. According to the authorities, the CEO of the crypto exchange has allegedly scammed its users and fled the country with a sizeable portion of their funds. However, the officials in Turkey sent to prison six members accused of being part of the criminal affairs. Interestingly, two of the suspects are the brother and the sister of Faruk Fatih Özer – founder and Chief Executive Officer of the platform. The aforementioned individuals are the first to be imprisoned after many others were released in the previous weeks due to lack of evidence. Nonetheless, the Turkish government assured that they are putting great efforts into catching the head of the criminal platform – Özer – as they search for him in four different countries: ”When he is caught with the red notice, we have extradition arrangements with a large part of these countries. God willing he will be caught and he will be returned.” SPECIAL OFFER (Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC. You Might Also Like: El Salvador’s president revealed at the ongoing Bitcoin 2021 Conference in Miami that he plans to make bitcoin a legal tender in his country. Speaking at the Bitcoin 2021 event, Nayib Bukele, the president of El Salvador, said he is planning to introduce a law that will make bitcoin a legal form of money in the country. According to a  video broadcast at the conference today, Bukele said he would send the bill to Congress next week. If the bill pushes through, El Salvador will become the first sovereign nation to adopt bitcoin as legal tender, alongside a fiat currency. Bukele believes that the central banks are increasingly taking actions that can negatively impact the economic stability of El Salvador. He further added that in the short term, the move would create jobs and help provide financial inclusion to thousands of people in the country. El Salvador’s central bank will also adopt bitcoin as part of its reserves, while citizens will be allowed to freely transact with the primary cryptocurrency. President Nayib Bukele also revealed that the country has already partnered with Strike, a digital wallet company, to build modern financial infrastructure with the blockchain. Although Bukele did not provide enough details about how his plan will play out, Jack Mallers, founder of Strike, noted that the move will be a “shot heard ‘round the world for bitcoin.” Mallers also noted that the development, if successful, will unleash the power of bitcoin for daily use cases on “an open network that benefits individuals, businesses, and public sector services.” Meanwhile, bitcoin proponents like Adam Back believe bitcoin becoming a legal tender was inevitable and is here already. SPECIAL OFFER (Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC. Enjoy reading? Share with your friends Kais Mohammad – a resident of Orange County – will spend the next 24 months in federal prison for operating an illegal BTC ATM service. The US officials said that the man processed up to $25 million with some of it on behalf of criminal suspects. Behind Bars In 2020 Kais Mohammad, also known as ”Superman29”, pleaded guilty to the charges against him of operating unauthorized money transmitting business, money laundering, and failing to maintain an effective anti-money laundering program. Judge Josephine Staton from the Central District of California sentenced the 39-year-old man to spend the next two years in prison, the US officials recently reported . According to the US Department of Justice, Mohammad was in charge of the illegal digital currency money services business – Herocoin – from December 2014 to November 2019. During this period, he offered Bitcoin-to-cash exchange services, charging fees of up to 25 percent – significantly above the usual market rate. The investigation added that Mohammad advertised Herocoin’s services online, asserting that he could exchange up to $25,000 worth of the primary cryptocurrency. Subsequently, under the nickname ”Superman29”, he would meet his clients – some of them criminals – in private to provide the service, but he never questioned the source of their funds. ADVERTISEMENT The US authorities acknowledged that they put into action undercover agents, who reached out to the outlaw for his services. They told him that their money comes from prostitution, human trafficking, and dark web activities, but Mohammad still did business with them and exchanged the cryptocurrency. In addition to the two years that he has to spend behind bars, ”Superman 29” also agreed to give over 17 BTC ATMs, 18.5 BTC, 222.5 ETH, and $22,820 in cash to the authorities. Other Punishments for Crypto Scams The aforementioned Kais Mohammad is not the only individual who will see a prison cell from the inside. One of the most notorious scandals this year was the Turkish trading venue Thodex. According to the authorities, the CEO of the crypto exchange has allegedly scammed its users and fled the country with a sizeable portion of their funds. However, the officials in Turkey sent to prison six members accused of being part of the criminal affairs. Interestingly, two of the suspects are the brother and the sister of Faruk Fatih Özer – founder and Chief Executive Officer of the platform. The aforementioned individuals are the first to be imprisoned after many others were released in the previous weeks due to lack of evidence. Nonetheless, the Turkish government assured that they are putting great efforts into catching the head of the criminal platform – Özer – as they search for him in four different countries: ”When he is caught with the red notice, we have extradition arrangements with a large part of these countries. God willing he will be caught and he will be returned.” SPECIAL OFFER (Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC. You Might Also Like: Progressive Care Now Accepting BTC Payments According to the company, the decision was made on the eve of Bitcoin 2021, the world’s largest Bitcoin Conference taking place in Miami this week . The event will attract over 50,000 visitors to Pharmco’s core marketplace in the Miami metropolitan area, most of which are tourists, the company said. Alan Jay Weisberg, CEO and Chairman of Progressive Care, noted that the healthcare services company believes in “the future of blockchain technologies.” “We want to extend our market-leading services in rapid COVID-19 testing solutions to those who prefer to pay through Bitcoin. This is an excellent alternative for post-pandemic tourists coming into our communities from abroad. We are happy to invite Bitcoin holders to our locations for all of their COVID-19 testing needs,” he added . Progressive Care has created a QR code for payments with bitcoin to give customers a streamlined and user-friendly experience. The COVID-19 Rapid Testing is offered by PharmcoRx, a subsidiary of Progressive Care. PharmcoRx started accepting crypto payments in 2018, making it the first pharmacy to offer crypto payment solutions for its pharmacy services. The company is now looking forward to expanding its commitment to its COVID-19 testing solutions. ADVERTISEMENT While PharmcoRx’s COVID-19 PCR-based testing is currently required by most international airlines as a travel requirement, the company hopes to become the leading testing destination for Rapid COVID-19 Testing solutions  across multiple industries including “Fortune 500 global entertainment companies, chain restaurants, corporate employers, and financial institutions.” Growing Bitcoin Adoption Since the start of this year, large companies and institutional clients worldwide have continued to adopt bitcoin either as a payment method or reserve asset. Last month, Sheetz, a family-owned convenience store chain based in the U.S., announced that it will begin accepting bitcoin as a payment method. In February, Portugal-based electricity retailer Luzboa said it was initiating the required technological adaptation procedures that will allow it to accept bitcoin payments from its customers. SPECIAL OFFER (Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC. You Might Also Like: Kais Mohammad – a resident of Orange County – will spend the next 24 months in federal prison for operating an illegal BTC ATM service. The US officials said that the man processed up to $25 million with some of it on behalf of criminal suspects. Behind Bars In 2020 Kais Mohammad, also known as ”Superman29”, pleaded guilty to the charges against him of operating unauthorized money transmitting business, money laundering, and failing to maintain an effective anti-money laundering program. Judge Josephine Staton from the Central District of California sentenced the 39-year-old man to spend the next two years in prison, the US officials recently reported . According to the US Department of Justice, Mohammad was in charge of the illegal digital currency money services business – Herocoin – from December 2014 to November 2019. During this period, he offered Bitcoin-to-cash exchange services, charging fees of up to 25 percent – significantly above the usual market rate. The investigation added that Mohammad advertised Herocoin’s services online, asserting that he could exchange up to $25,000 worth of the primary cryptocurrency. Subsequently, under the nickname ”Superman29”, he would meet his clients – some of them criminals – in private to provide the service, but he never questioned the source of their funds. ADVERTISEMENT The US authorities acknowledged that they put into action undercover agents, who reached out to the outlaw for his services. They told him that their money comes from prostitution, human trafficking, and dark web activities, but Mohammad still did business with them and exchanged the cryptocurrency. In addition to the two years that he has to spend behind bars, ”Superman 29” also agreed to give over 17 BTC ATMs, 18.5 BTC, 222.5 ETH, and $22,820 in cash to the authorities. Other Punishments for Crypto Scams The aforementioned Kais Mohammad is not the only individual who will see a prison cell from the inside. One of the most notorious scandals this year was the Turkish trading venue Thodex. According to the authorities, the CEO of the crypto exchange has allegedly scammed its users and fled the country with a sizeable portion of their funds. However, the officials in Turkey sent to prison six members accused of being part of the criminal affairs. Interestingly, two of the suspects are the brother and the sister of Faruk Fatih Özer – founder and Chief Executive Officer of the platform. The aforementioned individuals are the first to be imprisoned after many others were released in the previous weeks due to lack of evidence. Nonetheless, the Turkish government assured that they are putting great efforts into catching the head of the criminal platform – Özer – as they search for him in four different countries: ”When he is caught with the red notice, we have extradition arrangements with a large part of these countries. God willing he will be caught and he will be returned.” SPECIAL OFFER (Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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Expert Collections containing HEROcoin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HEROcoin is included in 2 Expert Collections, including Blockchain.

B

Blockchain

3,480 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

G

Gaming

646 items

We define eSports as competitive gaming facilitated by electronic systems, in particular video games played on computers or consoles by professional gamers (though many do it as a hobby or pastime).

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