Bitcoins Used in Facebook Scheme to Scam Suicidal Victims Into Buying Drugs
A cybercriminal ring operation has been inciting Facebook users to employ Bitcoin and other cryptocurrencies, in exchange for drugs. This investigative report from the UK depicts the strategic techniques used to track down the unknown villains operating behind this devious scheme.
UK Financial Regulator Reveals: 1.9 Million British Adults Own Cryptocurrencies
The Financial Conduct Authority (FCA) in the UK reported that 1.9 million adults own cryptocurrencies, representing 3.86% of the general population. The regulator also noted that 75% of them hold crypto worth less than £1,000, approximately $1,230.
President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor
John Bolton, a former national security advisor in the Trump administration, has purported that the US president ordered Treasury Secretary Steven Mnuchin to crack down on Bitcoin in mid-2018.
American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses
An American fraud fugitive wanted by the US Federal Bureau of Investigation (FBI) for a $722 million cryptocurrency scam has been nabbed in Jakarta, Indonesia, for child sex crimes.
Coinbase's Intention to Sell Blockchain Analytics Software to US Government Watchdogs Created Backlash from Crypto Community
Leading American cryptocurrency exchange, Coinbase plans to sell its blockchain analytics software called "Coinbase Analytics" to the US Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS). This decision is not sinking in well with the crypto community because the software will offer identity attribution for domestic and international cryptocurrency addresses to the US government agencies.
South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader
A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.
Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut
Japan’s finance minister stated that there is no need to lower crypto tax rates.
Glassnode Survey: 60% of Bitcoin Supply has been Immobile Showing Investors’ Hodling Behaviour
Glassnode, an on-chain analysis company, has revealed that 60% of Bitcoin (BTC) supply has remained inactive in more than a year. This considerable number shows the hodling tendencies adopted by investors, and a similar trend was witnessed in 2017 some months before the BTC price skyrocketed to a record high of $20,000.
CoinMarketCap Introduces Algorithmically Ranked Crypto Trading Pairs to Eradicate Volume Inflation
CoinMarketCap, a leading crypto data tracker, has gone a notch higher by presenting a new ranking system based on an innovative algorithm powered by machine learning. According to the company’s blog post, this new approach will enable users to make more profound trading decisions when it comes to market pairs. The new approach presented by CoinMarketCap seeks to revamp its current single metric ranking network to a combined one that will handle at least 22,000 market pairs covering more than 5,500 cryptocurrencies.
Gemini Exchange Inks Deal with Samsung to Boost Crypto Adoption
Gemini, a leading American crypto exchange, has struck a deal with tech giant Samsung Electronics to bring crypto closer to Samsung Blockchain Wallet users in Canada and the United States. This integration will make users connected to the Gemini mobile app where they can buy, sell and trade cryptocurrencies.