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One of four men charged with defrauding investors of more than $722 million through a long-running cryptocurrency mining scheme has pleaded guilty to charges against him.The man, a 35-year-old Romanian programmer called Silviu Catalin Bacali, was arrested in Germany in December 2019. He was charged with one count of a
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A 35-year-old Romanian programmer of the Bitclub Network pleaded guilty on Thursday to his role in establishing the mining pool Ponzi scheme that defrauded investors of hundreds of millions of dollars in bitcoin. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and
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Lex Sokolin, a CryptoX columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. We have a beautiful Ethereum garden. In it, we grow cash equivalents called stablecoins powering applications that run on open source programmable blockchains. It promises to be
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After a week of searches, it appears that the culprit behind at least two of the anomalous high fee transactions on Ether (ETH) was found.As reported by Chinese blockchain analytics company PeckShield on June 16, the originating address appears to be coming from Korean platform GoodCycle, a recently launched peer-to-peer
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The closer we come to the release date of the “tell-all” biography of Meghan Markle and Prince Harry, the clearer the narrative becomes. We’ve seen it claimed that Harry is upset over the use of the term “Megxit” because it suggests Meghan was behind the royal break-up. As the
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New York City resident Vitalii Antonenko was charged for allegedly participating in a $94 million Bitcoins-for-cards scheme, according to a May 27 statement from the United States Attorney's Office for the District of Massachusetts. He is now facing up to 20 years in jail and $500,000 in fines.Antonenko was arrested
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The royals have offered a lesson in top-tier PR for all to see as Meghan and Harry Markle stumble from one disaster to another. The response from a palace insider to Meghan’s tell-all book is PR 101. Meghan is no Diana, and Omid Scobie is certainly no Andrew Morton.
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Fresh details have emerged about ongoing trials of China’s digital yuan, specifically its current implementation in Suzhou — a major city in Jiangsu Province.On April 16, reporters for ChinSci-Tech — an innovation board for enterprises and public companies listed on the Shanghai Stock Exchange — revealed that the central
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The Philippines Securities and Exchange Commission (SEC) has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin” (TBC).Marketed as a so-called “abundance-based cryptocurrency,” the SEC said in an advisory on April 14 that TBCoin’s promoters present the asset as a decentralized cryptocurrency
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Zachary Salter, the co-founder of Zima Digital Assets alongside 28-year-old John Caruso, has pleaded not guilty to charges of money laundering and conspiracy to commit wire fraud in his arraignment in Arizona on March 4. The criminal indictment alleges that the pair ran a purported cryptocurrency investment scheme that was
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