Philippine SEC Warns of International Ponzi Offering 300% Daily Returns

The Philippine SEC has warned of a fraudulent investment scam offering 9,000% returns through its ‘Bitcoin Revolution’ trading software. The Philippines Securities and Exchange Commission (SEC) warned of a crypto Ponzi scheme targeting Filipino, Australian, and European investors on March 30. The scheme, Bitcoin Revolution, comprises a classic Ponzi in which investors are offered exorbitant […]

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Binance Announces CoinMarketCap Acquisition, CZ Gives the Scoop

Crypto giant Binance has acquired the most-referenced crypto pricing website, CoinMarketCap for an undisclosed amount. While global markets are experiencing tough times amid the coronavirus pandemic, the crypto industry is getting stronger as its core players have tapped one of the biggest crypto mergers in history. Binance, the world’s biggest cryptocurrency exchange, has reached an […]

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FATF Report: US Is Not Focusing Enough on Crypto Financial Risk

The Financial Action Task Force analyzed U.S. compliance to its recommendations, arguing that some of the enforcement is not specific enough for cryptocurrency. The Financial Action Task Force (FATF) has reevaluated the United States on its compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. According to the report published on March 31, […]

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