Crypto Scam

The U.K. financial regulator warns against the crypto firm Markets Pilot.

The United Kingdom's financial services regulator Financial Conduct Authority has warned the public against Markets Pilot, a digital currency trading platform. The Financial Conduct Authority stated that the company did not get the necessary licenses to offer financial services...

Facebook fined $6.1 million in South Korea for sharing data of 3.3 million users without their consent.

Facebook is once again facing regulatory action for breaching data protection and privacy laws. The social media giant has been fined $6.1 million in South Korea for sharing the data of 3.3 million users without their consent. South Korean...

Chinese police seize crypto assets worth $4.2 billion related to the PlusToken Ponzi scheme.

According to a Chinese court ruling, Chinese police seized cryptocurrency worth more than $4.2 billion related to the massive PlusToken Ponzi scheme crackdown. In a November 19 judgment made public this week, the Jiangsu Yancheng Intermediate People's Court has...

Texas financial regulator orders 15 alleged crypto scams to cease their operations.

Texa financial regulator has ordered 15 cryptocurrency and foreign exchange scams to cease their operations immediately. The financial watchdog issued cease and desist orders to the firms, claiming they have been using the Internet to “advertise, hype and sell...

Crypto exchange KuCoin resumes deposits and withdrawals after the September hack.

After a $275 million hack in September, crypto exchange KuCoin announced that it has “restored the deposit and withdrawal services of all tokens.” After a partial reopening of services in October, this restoration of services is the exchange’s latest...

Major Japanese firms team up to test a private digital currency.

According to the Japan Times report, more than 30 major companies in Japan will launch verification tests on a possible private digital currency from fiscal 2021 starting next April, a group aimed at promoting common infrastructure for interoperable cashless...

Crypto exchange Bitstamp seeks to subpoena two U.S. banks in the payment lawsuit.

The crypto exchange giant Bitstamp is seeking to subpoena two U.S. banks as part of its legal battle against one of its payment processors. The crypto exchange filed an application with a New York court seeking to subpoena Citibank...

Crypto derivatives exchange BitMEX faces another lawsuit.

The hits keep coming for the crypto derivatives exchange giant BitMEX. In addition to being indicted on criminal charges, founders Arthur Hayes, Ben Delo, and Samuel Reed are being sued in California for running a RICO (Racketeer Influenced and...

BitConnect alleged promoter charged in Australia.

The Australian Securities & Investments Commission (ASIC) announced that the alleged BitConnect promoter John Bigatton has been charged with operating an unregistered managed investment scheme. He was also charged for providing unlicensed financial services and making false or misleading...

Payza payment frim founders sentenced in a $250 million money laundering case.

Two Canadian brothers will serve prison sentences for running an unregistered money service business. Authorities said the two founded Payza, a payments processor that reportedly processed over $250 million in payments, some of it allegedly being for criminals. Firhoz...

Latest News

BitMEX announces the end of its accelerated user verification program.

The crypto derivatives exchange BitMEX announced the end of its accelerated user verification program today. The crypto exchange required...

The Swiss National Bank successfully trials wholesale digital currency.

According to the Reuters report, the Swiss National Bank has successfully tested using digital money to settle large scale transactions between financial institutions, the...
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