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SEC Orders ICO Startup to Return $25.5M to Investors

The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors.In a March 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief of

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Boerse Stuttgart’s Bitcoin Exchange Adds Stop Orders as Volatility Hedge

The bitcoin exchange arm of Boerse Stuttgart has added a trading tool to help customers deal with volatile market conditions resulting from the coronavirus pandemic and the approaching halving event. The German exchange group said Tuesday that clients of its Boerse Stuttgart Digital Exchange (BSDEX) would now be able to

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Judge Orders Arrest of Former GOP State Senator Involved with Crypto Scam

A Texas federal judge issued warrants for the arrest of an ex-Washington state senator and the leaders behind an alleged cryptocurrency scam involving the Meta 1 coin. At an April 21 hearing with the U.S. Securities and Exchange Commission, Judge Robert Pitman ordered bench warrants for former Republican senator David Schmidt

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BaFin Orders Gold-Backed Token Issuer and Alleged Ponzi Scheme to Cease-and-Desist

The German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany. BaFin alleges that Karatbit Foundation is issuing the KaratGoldCoin (KBC) without the necessary license, according to a Nov. 11 announcement.Karatbit describes itself as a provider of

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Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11.De Mol initiated judicial proceedings against the social media giant in June 2019, claiming that Facebook failed to

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CFTC Orders Binary Options and Crypto Scam Blue Bit Banc to Pay Over $4.25 Million

Starting the month of November with a big bang! The US Commodity Futures Trading Commission (CFTC) has once again strengthened its trust with the general public as it busts four entities as well as two key players in a fraudulent binary options scheme that incorporated a shady cryptocurrency.The case, which

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