- Virgil Griffith, the developer for Ethereum, declined to plead guilty against the conspiracy accuse on him.
- He was accused of conspiracy to violate the International Emergency Economic powers act in the court-martial of North Korea.
- The lawyer of Virgil reported that they are going to present all the proof against the prosecution to the jury.
Virgil Griffith, the developer for Ethereum, declined to plead guilty against the conspiracy accuse on him. He was accused of conspiracy to violate the International Emergency Economic powers act in the court-martial of North Korea. The lawyer of Virgil, however, reported that they are going to present all the proof against the prosecution to the jury.
Previously Griffith was arrested by the FBI with granting from New York prosecutors. He was taken into judicial custody because of violating the US sanction laws and having ties to the DPRK. He was later released on bail of $1 million.
He was seen making statements and had attended the Blockchain conference in Pyongyang, in this conference, he explained how the implementation of Blockchain and use of cryptocurrencies would aid in the easy transaction across the world.
Virgil Griffith is an American programmer and developer with graduation from California Institute of Technology. He is best known for creating the tool WikiScanner used for indexing on Wikipedia. He has submitted papers on artificial intelligence to the world technology board and has keenly integrated information technology.
He is currently working on the development of Ethereum Blockchain and crypto token.
Ethereum might face a lot of resistance after this. However, it has not affected directly yet, but the long term effects shall not be neglected too.
Ethereum is now trading with the positive upsurge of 0.11% on average with a market value of $182.87. Ethereum has a stable market capitalization of $19,962,674,651 with 24-hour volume of $11,904,459,100. It has a circulating supply of 109,504,899 ETH. It is ranked #2 according to the CoinMarketCap data. It has gained about 5.59%, adding to $9.77 from yesterday’s trade, and the bulls continue to hold the Ethereum’s future.