A recent study by the WSJ has revealed that hundreds of crypto offerings showed signs of fraudulent activity, improbable returns and plagiarism. Recent research by the Wall Street Journal published Dec. 27 revealed that hundreds of cryptocurrency offerings showed signs of fraudulent activity, improbable returns and plagiarism. In the course of its research, the WSJ […]
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U.S. crypto investor law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme. United States crypto-focused law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme. The court […]
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New research reveals the scope of crypto pump-and-dump schemes. The Social Science Research Network (SSRN) recently published research studying the phenomenon of pump-and-dump groups within the crypto community. The paper — conducted by seven academics from Tel Aviv University, the University of Tulsa and the University of Mexico — concluded that “regulators should be very […]
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Three figures at Upbit and owner Dunamu are under investigation after South Korea’s financial regulator complained to authorities. South Korea’s largest cryptocurrency exchange Upbit has denied accusations it had manipulated its order book after regulators indicted three of its staff, local English-language news outlet The Korea Times reported 21. Upbit, which is owned by developer […]
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The Supreme Court of Greece has ruled in support of a decision to extradite the alleged former operator of now-defunct crypto exchange BTC-e to France. The Supreme Court of Greece has ruled in support of a decision to extradite the alleged former operator of now-defunct crypto exchange BTC-e Alexander Vinnik to France. A “correspondent at […]
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Trump has appointed a vocal Bitcoin supporter as his new chief of staff. United States President Donald Trump has appointed vocal Bitcoin supporter Mick Mulvaney as the new White House chief of staff. The 51-year-old politician, who is currently serving Trump’s administration as the director of the Office of Management and Budget (OMB), will become […]
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Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto-related fraud blacklist to include a new total of 113 sites. Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto-related fraud blacklist to include a new total of 113 sites, in a fresh alert posted Dec. 18. The authority states that “despite” its […]
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The Japanese Financial Services Agency has assigned cryptocurrencies to the “crypto-assets” category, to prevent confusion with legal tender. The Japanese Financial Services Agency (FSA) has placed cryptocurrencies into a new legal category called “crypto-assets,” English-language local media The Japan News reports Dec. 15. By classifying cryptocurrencies like Bitcoin (BTC) this way, the government reportedly “hopes […]
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Hong Kong’s stricter rules for crypto businesses that force them to get licenses for trading might be harmful for the industry, local experts say. New regulations for crypto-related companies, which Hong Kong’s Securities and Futures Commission (SFC) earlier announced, might prevent crypto entrepreneurs from entering the market. Expert comments on the situation were reported by […]
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The CEO of Mt. Gox is facing ten-years in Japan for embezzlement charges, and ASIC mining rigs are struggling to make a profit. Top Stories This Week CEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over Embezzlement Mark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing […]
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