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Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims. According to the announcement by local outlet CLS on July 30, two million people with at least 3,000 hierarchies were involved, and it was the first online … Continue reading Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

UK Financial Watchdog Increased Crypto Investigations by 74% in 2019

The Financial Conduct Authority (FCA), the primary financial regulatory body in the United Kingdom, has seen a sharp rise of 74% in crypto-related investigations in 2019.   According to a Financial Times report, the 74% increase was seen when compared to the number of inquiries the FCA made between January and October of 2018. The report stated … Continue reading UK Financial Watchdog Increased Crypto Investigations by 74% in 2019

Blockchain and the Wheel of Fate: The Role of Blockchain Technology in Disease Surveillance and Pandemic Prevention

There is a line in Stephen King’s The Stand that goes: ‘Life was such a wheel that no man could stand upon it for long. And it always, in the end, came round to the same place again.’ In The Stand, a man-made virus wipes out most of the world population within a short timespan. … Continue reading Blockchain and the Wheel of Fate: The Role of Blockchain Technology in Disease Surveillance and Pandemic Prevention

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Immigration and Customs Enforcement (ICE), a division of the Department of Homeland Security, has added Joselit Ramirez to its most wanted person’s list. Ramirez is a public official and currently he is Venezuela’s superintendent of cryptocurrency Petro, the country’s oil-backed cryptocurrency.  Unresolved case The report shows that Ramirez is wanted by the US government … Continue reading US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

Philippines Central Bank Considering Issuing its own CBDC

Following major Asian economies including China and Japan — the Philippines through its Central Bank locally known as Bangko Sentral ng Pilipinas (BSP) has announced that it is considering issuing its own Central Bank Digital Currency (CBDC). As a way to show its commitment to this cause, the BSP Governor Benjamin Diokno noted that the … Continue reading Philippines Central Bank Considering Issuing its own CBDC

American Teen Arrested and Accused as Ringleader of Twitter Scam Involving Bitcoin

Graham Ivan Clark, a 17-year-old from Tampa, Florida, has been arrested and accused of being the mastermind behind the Twitter hack that reaped at least $100,000 in Bitcoin from victims in a matter of hours.  According to the US Attorney’s Office in California, Clark was nabbed together with his accomplice Mason Sheppard, a 19-year-old from … Continue reading American Teen Arrested and Accused as Ringleader of Twitter Scam Involving Bitcoin

Can CBDC Drive Financial Inclusion?

CBDC, or Central Bank Digital Currency, has long garnered the attention of several nations across the globe. Countries such as China, South Korea, Brazil, and Japan are diligently working towards making their sovereign digital currency a reality, taking measures to accelerate its launch. Meanwhile, the Caribbean nation of Bahamas plans to release the Sand Dollar, … Continue reading Can CBDC Drive Financial Inclusion?

Swiss Banking Giant UBS to Offer Crypto Services to its Clients

Switzerland-based banking firm, UBS Group is looking at several options to bring cryptocurrency-based investments to its rich clients.  According to a Bloomberg report on the matter, the company is reportedly considering crypto investments as a response to the demand from its customers. The move comes at a time when cryptocurrencies are gaining massive traction among retail … Continue reading Swiss Banking Giant UBS to Offer Crypto Services to its Clients

The Listing of Clean Energy Crypto-Mining & Semiconductor ETF on NYSE Launches

The clean energy encrypted mining and semiconductor exchange-traded fund (ETF), created by a registered investment advisor and emerging fund manager Viridi, was officially traded on the New York Stock Exchange on July 20 under the code name RIGZ. This is the first active management ETF focusing on clean energy encryption mining and the mining infrastructure industry … Continue reading The Listing of Clean Energy Crypto-Mining & Semiconductor ETF on NYSE Launches

Ether Soars to All-time-high Above $4.4K, Gains Reach up to 3.5%

.Ether soared to a record above $4,400 Friday, gaining as much as 3.5% to $4,403.93, topping the previous record of $4,379.62 reached in May. According to data from CoinGecko.com, Ether is now worth about $520 billion. The digital asset went up on bullish sentiment surrounding an upgrade to the Ethereum network and rival Bitcoin’s recent … Continue reading Ether Soars to All-time-high Above $4.4K, Gains Reach up to 3.5%

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