The US tells Facebook to cease development of libra immediately, and the Bank of International Settlements boss makes an extravagant U-turn. Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more […]
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Indian authorities arrest four individuals believed to be behind the crypto KBC, which allegedly used a pyramid scheme to encourage investments, promising a 100x ROI. The Criminal Investigation Department (CID) of India has arrested Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh, the alleged creators of the cryptocurrency KBC Coin, according to a report […]
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Augustin Carstens revealed the ‘bank of central banks’ is actively supporting members’ efforts to issue tokens. The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview with the Financial Times on June 30. Speaking to the publication, BIS chief Augustin Carstens actively endorsed the […]
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The story QuadrigaCX founder, who allegedly stole almost $200 million from clients and then reportedly died. Another scam possibly revealed. The crypto community has recently been actively discussing the fate of QuadrigaCX’s 30-year-old founder, Gerald Cotten, who reportedly died in India from a fatal disease in December 2018. However, before the apparent passing, he took […]
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The National Bank of Rwanda has issued a PSA on alleged cryptocurrency pyramid schemes and ICO scams happening in the country. The National Bank of Rwanda, the country’s central bank, has issued a public service announcement on alleged cryptocurrency scams, according to an official Twitter post on May 30. The central bank specifically warns the […]
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Morgan Rockoons engaged in fraudulent activity while already on bail for unlicensed money transmission. United States authorities have brought criminal charges against a LocalBitcoins trader in connection with operating an unlicensed money transmission business, a government press release confirmed on May 28. As revealed by the U.S. Attorney’s Office for the Southern District of California, […]
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The Australian Securities and Investments Commission issued a warning against OneCoin, alleging it could be involved in a scam. The Australian Securities and Investments Commission (ASIC) has warned the public that crypto project OneCoin “could be involved in a scam,” according to a notice released on May 28. The Australian financial regulator has issued an […]
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The U.S. SEC as initiated court proceedings against a California resident, Daniel Pacheco, for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme. The United States Securities and Exchange Commission (SEC) has initiated court proceedings against a California resident for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme, according to a press release published on May 23. The […]
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Figures linked to Indeal took in huge amounts of clients’ money after promising 15% returns within a month, say authorities. Brazillian police have arrested ten people suspected of operating a cryptocurrency pyramid scheme worth 850 million reals ($210 million), local news media outlets including Correido Do Povo reported on May 21. As part of Operation […]
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An indictment names several individuals and companies, with fraudulent activities continuing over a period of several years. The United States Securities and Exchange Commission (SEC) has halted a confirmed cryptocurrency Ponzi scheme after it took funds worth $30 million, the regulator confirmed in a press release on May 21. The principal behind Argyle Coin, Jose […]
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