Scammers targeting Ethereum’s blockchain raked in $36 million in 2018, according to a report released by crypto analytics company Chainalysis. The value of Ethereum (ETH) stolen via scams reached $36 million 2018, according to a report released by crypto analytics company Chainalysis on Jan. 23. According to the Chainalysis report, scams that occurred last year […]
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Scams and frauds were still prevalent in 2018 despite a decline in the cryptocurrency market value. 2018 will long be remembered as the start of a significant cryptocurrency bear market, but the declining market still provided opportunities for scam artists to snag unwary investors. Given that 2017 was a breakout year for Bitcoin (BTC) and […]
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Bitcoin has been holding the psychological $4K mark for two days, while some of the other top currencies see mild losses Tuesday, Jan. 8 — crypto markets are seeing mixed signals, according to data from Coin360, after a day mostly in the green. Bitcoin (BTC) still remains above current psychological barrier of $4,000, while some […]
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U.S. law firms Silver Miller and Levi & Korsinsky have filed a class action lawsuit against Nano devs for allegedly violating securities laws. Two United States law firms have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan. 7. Crypto-focused law […]
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The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect. The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of reported $2.6 billion Ponzi scheme Bitconnect, daily newspaper The […]
Continue ReadingBitcoin rose from the dead almost 100 times last year alone, while 934 altcoins have perished, data suggests. A look at the history of cryptocurrency in 2018 has shown that Bitcoin (BTC) has risen from a “dead” designation in the media 90 times, data from industry news and information portal 99bitcoins shows. According to the […]
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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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A team that includes representatives from the central bank of Israel has published a formal request for information on Distributed Ledger Technology. A team that includes representatives from the Bank of Israel has issued a formal request for information about Distributed Ledger Technology (DLT), published on its website Dec. 18. The request — the goal […]
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The Nigeria Deposit Insurance Corporation’s director defined Bitcoin’s disintermediation and fintechs as “critical concern to the corporation.” The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12. Disintermediation is when consumers begin investing directly in markets, rather […]
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The cryptocurrency platform Cubits (Dooga) has battled alleged “collusion” over the disappearance of $32.8 million last February. United Kingdom-based cryptocurrency payment platform Cubits has filed for administration following a sudden outage that locked customer funds, a company press release revealed Dec. 11. The act of filing for administration means that an insolvent company has appointed […]
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