Fraudsters are switching from credit cards to Bitcoin, says consumer protection company

Scammers are taking advantage of one of Bitcoin’s strengths, as once lauded by Satoshi Nakamoto. Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection […]

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Florida Man Charged Over $1.6M ‘Compcoin’ Scam

A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam. The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme. The April 16 […]

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Japanese Holdings Company to Use Blockchain for Forex Trading

SBI Holdings will start implementing R3 blockchain-consortium technology in their Foreign Exchange services. Japan-based SBI Holdings announced on April 16 that it will begin using R3 blockchain-consortium technology for Forex Trading. This will be the first practical application of the Corda blockchain in the country. According to the announcement published in Nikkei Japan, the technology […]

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Crypto Exchange Kraken Launches Forex Trading for Nine Currency Pairs

U.S.-based cryptocurrency exchange Kraken is embracing traditional forex trading, going live with nine new fiat currency pairs as of today. United States-based cryptocurrency exchange Kraken is embracing traditional forex trading, going live with nine new fiat currency pairs as of today, March 12. From 14.30 UTC, users worldwide — notably excluding United States residents — […]

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