Top promoter in Forcount ‘Ponzi’ pleads guilty to wire fraud conspiracy
Part of the plea deal involved Juan Tacuri forfeiting nearly $4 million and real estate which were purchased with victim funds.
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Coinbase Custody Now Supports Mainnet KIN Tokens
Coinbase Custody announced immediate support for the mainnet iteration of the KIN token today, April 30, 2019. As Cointelegraph previously reported, KIN is a cryptocurrency created by Canadian organization Kik Interactive of Kik Messenger fame. The token was originally developed on the Ethereum and Stellar networks and now operates on its own blockchain (a fork…

Plus Token Leadership Faces Criminal Prosecution in China
PlusToken main criminal suspect is facing public prosecution. 559 Total views 23 Total shares One of the ringleaders of Plus Token is now facing criminal charges in China. Plus Token is one of the largest apparent scams in the cryptocurrency industry’s history.According to local media, Zhou will face public prosecutors in the Court of Jianhu…

Crypto Traders Talk Bitcoin Price Direction After BTC’s Swift 13% Drop
The price of Bitcoin declined by more than 13% within 30 minutes on Aug. 2. The shocking short-term price action caused $1 billion worth of liquidations in futures contracts for Bitcoin (BTC) and Ethereum’s native token, Ether (ETH). Following the rapid sell-off, traders are cautiously optimistic and are considering both bullish and bearish scenarios.Before delving…

US senators target cryptocurrency use in child abuse trade
Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material.

Bitcoin could hit $100K November, Trump mulls crypto-friendly CFTC chair: Finance Redefined
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.

$24 million lost in second-largest day of DeFi liquidations
The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls. 2067 Total views 11 Total shares The Feb. 22 crypto crash has sparked the second-largest volume of DeFi liquidations in the sector’s history, with more than $24.1 million worth…

Hong Kong investment firm’s board gives nod to more Bitcoin buying
Shares in HK Asia Holdings Limited nearly doubled after it bought its first Bitcoin a week ago, and now the investment firm just bought another 7 BTC.

US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach
The United States Securities Exchange Commission continues to scrutinize crypto as its compliance office adds fintech and digital assets to its annual priorities list.Per a Jan. 7 announcement from the SEC’s Office of Compliance Inspections and Examinations (OCIE), the agency has put new financial technologies including digital assets among major concerns in the coming fiscal…