In he co-founded the now-defunct startup company BitInstantand is a founding member of the Bitcoin Foundationformerly serving as vice chairman. In December he was sentenced to two years in prison  for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace.
He was released from prison around June sturm bitcoin Inhe joined Jaxx as its director of business and community development. Later that year, he founded cryptocurrency advisory CryptoIQ.
Shrem was born and raised in BrooklynNew York. As a college senior inShrem started investing in bitcoin. Soon after, the sturm bitcoin service Shrem was using crashed, and he lost his bitcoins.
Shrem and Gareth Nelson, a friend he met online, had similar frustrations with sturm bitcoin length of time it took to buy and sell sturm bitcoin on exchange sites. They started BitInstanta more user-friendly company that charged a fee for users to purchase and make purchases with bitcoins at overlocations, providing sturm bitcoin credit to speed up transactions.
At the Bitcoin conference in San Jose, CaliforniaShrem spoke about the challenges facing bitcoin companies and the need for them to comply with regulations, sturm bitcoin well as the challenges of properly explaining the value and mainstream potential of bitcoin.
Shrem is a founding board member of the Bitcoin Foundationfounded in sturm bitcoin a mission to standardize and promote bitcoin. Shrem is featured in Sturm bitcoin Rise and Rise of Bitcoina documentary directed by Nicholas Mross that explores the sturm bitcoin and development of bitcoin. It premiered at the Tribeca Film Sturm bitcoin. After his release from hour house arrest in May sturm bitcoin, with the conditions that he sturm bitcoin abide by a curfew,  remain in New York City and sturm bitcoin a GPS monitoring device,  Shrem sturm bitcoin at bitcoin industry events, worked as a business development consultant for payments startup Payza, and advised two Brooklyn Holiday Inn hotels on preparations to accept bitcoin for payment.
Owners of the tokens would own a piece of the companies in the portfolio. In MayShrem joined Jaxx as sturm bitcoin director of business and community development.
The multi-platform blockchain cryptocurrency wallet developed by Decentral enables users to control their digital assets. While in high school, Shrem started Epiphany Design and Production, a company that fixed printers and computers. Daily Checkout was acquired by BlueSwitch in Shrem is sturm bitcoin co-owner of Manhattan bar EVR, which opened in and, in April of that sturm bitcoin, became the first bar in New York to accept bitcoin as a form of payment.
InShrem became involved in the cryptocurrency Dashproposing the creation of a debit card that could be loaded with Dash coins, which would be converted into the local currency for the cardholder to make purchases.
Shrem's planned Dash debit card would be the first that could be used in the US. Shrem is the founder of CryptoIQ, an advisory business aiming to bring cryptocurrencies into the mainstream. Shrem was also charged with failing to report suspicious banking activity and operating an unlicensed money-transmitting business. Shrem was released on bail on January 28,on the condition that he submit to electronic monitoring and live with his parents in their Marine Park, Brooklyn home.
Shrem was indicted on April 10, on accusations of "operating an unlicensed money transmitting business, money sturm bitcoin conspiracy and willfully failing to file suspicious activity reports with banking authorities. From Wikipedia, the free encyclopedia. Retrieved 20 December Retrieved 12 July Retrieved 11 July Retrieved 27 January NewsSeptember 4, Retrieved from " https: Pages using deprecated image syntax Articles with hCards.