It’s no secret that the crypto industry has been plagued by a number of ponzi schemes and MLM scams over the past few years. For example, a number of our readers may remember the name ‘USI Tech’ — a crypto investment firm that offered its customers with insane returns in exchange for minimal monetary inputs. In its core essence, the company ran a ponzi scheme wherein it payed off its older members using the earnings incurred from newer recruits. However, the company soon became entangled with law enforcement agencies around the world — with authorities in the United States, Canada and New Zealand issuing “cease and desist orders” against the firm as soon as they realized what was going on. Not only that, a few months later, tens of millions of dollars mysteriously vanished from the company’s coffers. This, however, was not where the USI saga ends because soon after this entire scandal came to light, the firm’s executive brass simply rebranded their operations and started working under
The crypto exchange argued that keeping its physical address secret protected its workers from being kidnapped
Bears lurk as Bitcoin price is down and $284M in CME BTC options are set to expire on Friday
Recent news about the possibility of nano-payments on Bitcoin SV is inspiring ideas for a whole new field of applications.
Crypto exchange Kraken’s Chief Security Officer, Nick Percoco, announced the release of four new security enhancements, on the Kraken platform that will be made available to all the exchange’s customers from today. Percoco further detailed the security updates in four different features named: Security Shield, Security Checkup, Device Approvals, and Device Management, with each step […]
The Maker community will not compensate investors who lost big on the lending platform during “Black Thursday’s” price rout.
12 Peers Capital Markets , a broker-dealer and capital markets firm has announced its support for DigitalBits, a blockchain protocol focused on consumer
A cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index.
The Bureau of Fiscal Service is continuing its study of blockchain technology in a new project, Blockchain for Grant Payments, according to a Wednesday announcement.
The Ethereum blockchain continues to lose several developers who don’t want to stick around and pay the enormous gas fees required.
Cuy Sheffield, senior director and head of crypto at Visa said in a report today that the global payment network, Visa, was advancing its work on its cryptocurrency payment technology and that it would incorporate blockchain tech into its operations. Although the Visa executive did not mention a specific timeline for the project, he added […]
Chainlink continued to fall on the charts as Bitcoin showed signs of bearishness. Tron’s market was controlled by bears and TRX was likely to go lower, however, it did show a bullish divergence that might play out in the coming hours. IOTA also had a bearish outlook, as most of the crypto market bled after […]
The yet-to-be-registered asset manager hopes to launch its VAL1 token later this year.