marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
bitraped
01/24/2022
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By Ramon Tomey
Russia plans to ban crypto mining and trading – regulator report
Russia’s financial regulator has proposed a ban on cryptocurrency-related activities such as trading and mining in the country. To back this proposal, it released a report outlining crypto’s potential use for criminal activity and the high energy requirement of crypto mining. The Central Bank of Russia (CBR) publicized its crypto report on Jan. 20, via […]
01/23/2022
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By JD Heyes
More cryptocurrency fraud? Bitcoin slides as shares of MicroStrategy slip and SEC rejects company’s accounting methods
Several cryptocurrency analysts once again suspected fraud in the industry after shares of MicroStrategy fell nearly 18 percent on Friday following a decision by the U.S. Securities and Exchange Commission to reject the firm’s bitcoin accounting methods. The business intelligence software firm’s stock was already declining in value along with the price of bitcoin, which […]
05/17/2021
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By Franz Walker
Spike in value of meme crypto dogecoin raises bubble fears
The sudden surge in the value of “meme” cryptocurrency dogecoin has raised concerns about a potential bubble in the cryptocurrency market. Starting out as a joke by software engineers Billy Markus and Jackson Palmer, dogecoin was based on the “doge” meme that rose to popularity in 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases […]
05/17/2021
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By Ramon Tomey
Cryptocurrency scam hits hundreds of small investors
Hundreds of cryptocurrency investors lost all their money in their digital wallets after a cryptocurrency scam. The victims invested in a new cryptocurrency, allowing them to purchase pre-sale tokens through fund transfers. Unfortunately, the fund transfer approvals permitted bad actors to access the victims’ digital wallets – and steal all their money. The affected investors […]
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
12/10/2019
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By Mike Adams
CRYPTO WARNING: FBI arrests three men accused of running a $722 million cryptocurrency fraud scheme that allegedly defrauded thousands of “investors”
For several years, I’ve repeatedly warned people to steer clear of crypto schemes. The crypto space seems to attract some of the most unscrupulous promoters, and people who are looking for quick gains often get suckered into costly arrangements that may not be legit. Now, an FBI investigation has led to the DOJ arrest and […]
04/30/2019
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By News Editors
Mike Novogratz’s Crypto Firm Lost A Staggering $273 Million In 2018
Mike Novogratz’s Galaxy Digital has finally released full-year results for 2018. And what started out as a nine-figure loss, according to financials released all the way back in Q3, the firm had already brooked a $134 million loss, combining realized and unrealized losses, by the end of Q1. By the end of Q3, that loss had widened slightly […]
04/27/2019
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By Ethan Huff
Japanese billionaire, founder of SoftBank, lost $130 million on Bitcoin after the crypto-hype imploded
The second richest man in Japan recently lost a boatload of cash after deciding to sell his Bitcoin holdings, which he purchased at just about the worst possible time back in late 2017 when Bitcoin had reached all-time highs. Masayoshi Son, the billionaire founder of Softbank Group Corp., had experienced what many were feeling during […]
03/04/2019
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By Ethan Huff
Public pensions risk everything, start piling money into crypto… playing roulette with your retirement
As the price of Bitcoin continues to hover substantially below $4,000 per coin, after reaching earlier all-time highs of around $20,000 per coin, venture capitalists appear to now be swooping in for the kill as they launch brand new crypto schemes using people’s pension funds as financial backing. According to reports, a previously obscure finance […]
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