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$240M in Suspected Scheme Assets Moves in Four Bitcoin Transactions

Over $240 million in proceeds from the alleged crypto scheme PlusToken have reportedly moved through four Bitcoin (BTC) transactions.Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — posted on Aug. 17 that four transactions totaling 22,923 BTC were likely the proceeds of PlusToken.The four transactions

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Judge Approves Lead Counsel in $4B Class Action Suit Against OneCoin Crypto Ponzi Scheme

A New York’s federal judge has announced his decision of appointing Levi & Korsinsky and Silver Miller as the lead counselors of the $4 billion class action lawsuit against the cryptocurrency Ponzi scheme OneCoin, in which Donald Berdeaux was appointed as the lead plaintiff of the suit.The securities lawsuit alleges

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Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners

The Iranian Economic Commission has reportedly finalized a tariff scheme for cryptocurrency miners, according to a July 21 report from Iranian economic daily Financial Tribune. Per the report, Energy Minister Homayoon Ha’eri announced that, while the tariff scheme has been finalized, it is awaiting approval from the Cabinet of Iran

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Texas Court Orders Defendants to Pay $400K for Fraudulent Bitcoin Scheme

A Texas Federal Court has ordered two defendants to pay $400,000 for conducting a fraudulent scheme to solicit Bitcoin (BTC) from members of the public, the United States Commodity Futures Trading Commission (CFTC) announced on July 10.Judge Reed C. O’Connor of the U.S. District Court for the Northern District

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Austria’s FMA Warns Against Unlicensed Bitcoin Investment Scheme

The Austrian Financial Market Authority (FMA), the nation’s financial watchdog, has warned investors to be wary of Bitcoin Trader, an unlicensed bitcoin investment scheme that promises investors huge profits of $1,460, according to reports on July 10, 2019.  FMA Warn Investors  Per sources close to the matter, Austria’s financial watchdog, the FMA,

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Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme

Vanuatu, a Pacific Island country, has extradited six Chinese citizens to the mainland, according to a report by Odaily Planet Daily on July 10. The suspects were reportedly arrested in the course of an ongoing investigation of the PlusToken cryptocurrency platform which, according to the Yancheng Public Security Bureau, is

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Singapore Ponders Bitcoin (BTC) Tax Exemption in Regulatory Scheme

Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved. GST

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