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Texas has always been an interesting state, even though it tends to do its own thing. Even so, the Lone Star State is keeping a very close eye on cryptocurrency offerings and the risk of fraud associated with this particular business model. Unfortunately, it seems there are a lot of ongoing investigations in this regard, which further confirms … Read more
The Prime Minister of Vietnam has signed a directive for the country’s central bank and the Ministry of Finance to strengthen the management of cryptocurrency-related activities. This follows an alleged fraud involving a cryptocurrency that scammed 32,000 Vietnamese out of VNĐ15 trillion. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Prime Minister’s … Read more
OCT trading involves high value deals that can run into the hundreds of millions of dollars. Whales want privacy and zero slippage, which isn’t possible on a cryptocurrency exchange, while buyers want large quantities of bitcoins at below market rates. It’s an arrangement that suits both parties, but for it to work, trust is essential … Read more
Bitfinex was recently accused of fraud and money laundering, but was there anything to it? #FOLLOW_UP Go to Source Powered by WPeMatico
Bitfinex denies involvement in Polish controversy, after €400 mln seized on suspicion of fraud and money-laundering. #NEWS Go to Source Powered by WPeMatico
Prosecutors in Poland seize €400 mln in fraudulent funds, with reports circulating that Bitfinex is possibly involved. #NEWS Go to Source Powered by WPeMatico
India’s Infamous Bitcoin entrepreneur Amit Bhardwaj and his brother have been arrested by Pune Police for duping investors of $300 mln. #NEWS Go to Source Powered by WPeMatico
South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more
Prosecutors detain heads of two Korean crypto exchanges, charged with embezzling blns of won. #NEWS Go to Source Powered by WPeMatico
In what is turning into a real cautionary tale for the cryptocurrency community about the need to be wary of celebrity’s power, along with skepticism about most initial coin offerings (ICOs), the US Securities and Exchange Commission (SEC) announced an ICO endorsed by champion boxer Floyd Mayweather has officially been deemed a fraud. Also read: Trezor … Read more
