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In June 2021, an investor lost RMB 590,000 that he had invested in a crypto token, when the project owners siphoned the money, shut down the website, and were unreachable, Chizhou police said. Hundreds of investors lost RMB 50 million in the scam, the post said. Original Source
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Marathon Digital Holdings (MARA) executives received a subpoena from the U.S. Securities and Exchange Commission (SEC) to produce documents and communications concerning its Hardin, Montana, data center facility, the company said in a 10Q filing on Monday. Source
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On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for
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The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest in recent years. Finiko Members Under Investigation in Samara,
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Tweets discussing Bitcoin have hit a new peak of 232.7k in a 24 hour periodThe record was set yesterday, May 20thThe same Bitcoin tweets hint of panic by crypto-tradersHowever, the majority are optimistic that Bitcoin’s $50k support will be regainedThe number of Tweets about Bitcoin has hit a 24-hour all-time
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In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects.According to a Friday public statement from the company provided to Cryptox, the EVM feature goes
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The Ripple executives view these XRP-related issues with the SEC as an attack on the entire cryptocurrency ecosystem.Ripple Labs Inc has been very much famous in the last couple of months with its legal struggle with the US Securities and Exchange Commission (SEC) which affected the price of XRP that
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XRP is a digital currency which is issued and partly managed by Ripple Inc. a payment solutions company that also manages the RippleNet cross-border payment network.Ripple began selling XRP in 2012, though the company has turned its attention away from the digital currency and toward its cross-border payment network in
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Ant Group’s suspended initial public offering (IPO) has shed further light on a possible motivation behind China’s digital yuan. The Chinese government appears to view the payments giant as a destabilizing force to China’s economy, and the digital yuan is a way to keep companies like this in check. Industry watchers
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