Search Results for: PLUS

KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report

The PlusToken Ponzi scheme operators are using regulated KYC compliant exchanges to dump their cryptocurrency according to an updated report by investigative firm OXT Research. In their first report on the PlusToken Ponzi scam, OXT Research introduced estimates for the size of the popular high yield investment scam and the depth of the market impact attributed … Continue reading KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report

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

Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms

As the Iranian government has maintained that cryptocurrency mining operations are legal, power plants in the country are considering increasing their sources of income by supplying surplus electricity to Bitcoin and cryptocurrency mining farms. Per reports from the Tehran Times, the Iranian Thermal Power Plant Holding Company (TPPH) is drawing on the announcement of the … Continue reading Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

Chinese cryptocurrency and blockchain journalist, Colin Wu, has revealed that the huge amounts of Bitcoin and Ethereum seized by the Chinese government from the ongoing PlusToken Scam have been converted to fiat currency and reserved in the Central Treasury managed by the China’s central bank.  The reporter has disclosed that an official announcement appears to … Continue reading Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

A Chinese court in the Eastern province of Jiangsu has slapped the ringleaders of the PlusToken Ponzi scheme with 11 years of prison after they made off with cryptocurrencies worth 14.8 billion yuan, which translates to approximately $2.25 billion from investors. One of the biggest Ponzi schemes in China PlusToken has set the record of … Continue reading PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

Bexplus Launches Up to 30% Interest Wallet, 100% Bonus Activity

Bitcoin has exceeded $21,000, and the crypto market has gone wild. While the global economy’s recovery is stalled, the crypto market has seen large influxes of capital and investors. As of now, the total market capitalization of cryptocurrency has surpassed $600 billion. Bitcoin’s high volatility makes a comeback and presents more opportunities for traders to … Continue reading Bexplus Launches Up to 30% Interest Wallet, 100% Bonus Activity

Bitcoin Mining is a 'Net Plus' for the Environment: US Senator Ted Cruz

United States Senator Ted Cruz has showered accolades on Bitcoin mining as a venture, taking a wildly divergent view from major critics who believe Bitcoin mining is damaging to the environment.  According to Senator Cruz, Bitcoin mining is actually an advantage to the environment, explicitly calling it a “net plus” venture, especially if miners focus … Continue reading Bitcoin Mining is a 'Net Plus' for the Environment: US Senator Ted Cruz

Web3 Security Infrastructure GoPlus Security Reaches Strategic Deal with Dtools

Web3 security startup GoPlus Security has partnered with Web3 ALL-IN-ONE tool Dtools to provide comprehensive security data support for its newly launched token security detection function. GoPlus Security is an open, permissionless, user-driven security service platform for all types of blockchain users. The partnership plans to strengthen the platform’s Web3 “security infrastructure.” Users can easily … Continue reading Web3 Security Infrastructure GoPlus Security Reaches Strategic Deal with Dtools

Web3.0 Game Developer Xterio Secures $40M Fund from FunPlus

Web3.0 game developer Xterio has secured $40 million in a new funding round which took the Swiss startup’s valuation to $300 million. As announced by the firm on Tuesday, the funding round was co-led by FunPlus, Makers Fund, FTX Ventures, and XPLA. The Xterio funding round also enjoined participation from notable venture capital firms and … Continue reading Web3.0 Game Developer Xterio Secures $40M Fund from FunPlus

Bybit to Bolster its Options Trading Services With SignalPlus Partnership

Singapore-based digital currency trading platform has announced its latest partnership with SignalPlus, a high-tech powered Options trading dashboard provider in the crypto industry. According to Bybit, the partnership will help in enhancing the trading platform’s options trading to its users, further establishing it as one of the mainstream crypto exchanges around. “Considered as the standard … Continue reading Bybit to Bolster its Options Trading Services With SignalPlus Partnership

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