That October, the Regalados later testified in courtroom, they obtained holdings in a little-known digital coin. “Take this to my individuals for a wealth switch,” Eli heard God say. Over time, they got here to imagine that He wished them to launch their very own coin.
The Regalados created INDXcoin, which they promoted by means of household, buddies, and contacts in evangelical Christian circles. In all, greater than 500 individuals handed over greater than $3 million. However inside a 12 months, the mission collapsed. Buyers misplaced all of it, leaving many to marvel the place the funds went and whether or not they had fallen sufferer to an elaborate fraud.
Learn the complete story on the collapse of a pastor’s “God-driven” cryptocurrency.
—Katia Savchuk
This text is a part of the Massive Story collection, the house of MIT Know-how Overview’s most essential and bold reporting. You may learn the remainder of the collection right here.
The story was produced in partnership with Sort Investigations and with assist from the Fund for Investigative Journalism.
This highway map might assist us resolve whether or not to deploy photo voltaic geoengineering
Scientists have spent half a century exploring whether or not we might counteract local weather change by releasing reflective particles into the stratosphere, mimicking the cooling results of volcanic eruptions. However even after a whole lot of research, we nonetheless don’t understand how nicely it might work or what else it would do—and there’s no systematic plan for clearing up that uncertainty.
Reflective, a analysis group, has now tried to fill that hole. The San Francisco nonprofit has printed an in depth highway map of the experiments, research, and infrastructure that it says can be wanted to make knowledgeable choices about the usage of photo voltaic geoengineering, MIT Know-how Overview can reveal.
