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Chinese-police-seized-crypto-assets-worth-$4.2b-today-from-plustoken-ponzi

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities worth $4.2 billion at today’s prices.According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 Bitcoin (BTC), 833,083 Ether…
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Chinese-authorities-have-seized-a-massive-$4-billion-in-crypto-from-plustoken-scam

Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam

Nov 27, 2020 at 10:35 a.m. UTCUpdated Nov 27, 2020 at 10:58 a.m. UTCChinese policeman(Chalermpon Poungpeth/Shutterstock)Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken ScamA police crackdown on the PlusToken Ponzi scheme in China has resulted in cryptocurrencies worth billions of dollars being seized.In a Nov. 19 court ruling reported by The…
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Exchanges-outdo-auctions-for-governments-cashing-in-criminal-crypto,-says-exec

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

Earlier this week, Lithuania's tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the country joined the growing number of jurisdictions worldwide that have auctioned…
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Crypto-exchange-upbit-brings-in-withdrawal-delay-in-bid-to-tackle-fraudsters

Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters

Nov 27, 2020 at 9:57 a.m. UTCUpdated Nov 27, 2020 at 10:00 a.m. UTC(Piotr Swat/Shutterstock)Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle FraudstersSouth Korea-based exchange Upbit has announced a limited cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks. Scheduled to take effect on Nov. 28, the new…
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Bitcoin-black-friday-2020:-the-sales-you-better-not-miss

Bitcoin Black Friday 2020: The Sales You Better Not Miss

Black Friday is the day shoppers anticipate the most. Being regarded as the beginning of the Christmas shopping season in the US since 1952, Black Friday has also infiltrated almost every country with significant discounts on clothing, consumer electronics, home utilities, and more. The cryptocurrency space also provides compelling offers. Perhaps the most attractive one…
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China’s-xi-asks-asean-nations-to-join-in-building-of-‘digital-silk-road’

China’s Xi Asks ASEAN Nations to Join in Building of ‘Digital Silk Road’

Nov 27, 2020 at 9:18 a.m. UTCUpdated Nov 27, 2020 at 9:29 a.m. UTCChinese President Xi Jinping(Shutterstock)China’s Xi Asks ASEAN Nations to Join in Building of ‘Digital Silk Road’Xi Jinping took the chance to push for greater digital unity among Southeast Asian nations in a recorded keynote at the China-ASEAN Expo in Nanning, China, on…
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Facebook’s-libra-could-reportedly-arrive-in-january-2021-in-a-scaled-down-version

Facebook’s Libra Could Reportedly Arrive in January 2021 in a Scaled-Down Version

Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021. Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version. CryptoPotato reported before that Libra already changed its original idea…
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The-calm-after-the-storm:-bitcoin-at-$17k-as-defi-rebounds

The Calm After The Storm: Bitcoin At $17K As DeFi Rebounds

Bitcoin has recovered a bit since yesterday’s massive price drop to $16,250. Most alternative coins have also bounced off their most significant dips, and the total market capitalization has recovered over $30 billion in a day. Bitcoin’s Black Friday Sale Following weeks of gradual increases that led to BTC coming less than 3% away from…
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Bitcoin-price-dives-back-under-$16,900-as-whale-deposits-spike-again

Bitcoin price dives back under $16,900 as whale deposits spike again

The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange deposits started to increase.Ki Young Ju, the CEO of CryptoQuant, reported that the All Exchange Inflows Mean indicator reached the “danger zone.” Historically, this caused BTC to suffer short-term corrections.Bitcoin struggles…
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