Bitcoin Cryptocurrency News

South Korean Bitcoin Exchange Bithumb Reportedly Raided by Police

The popular Bitcoin exchange Bithumb in South Korea has reportedly been raided by the authorities. This happened because of fraud allegations. Bithumb Accused of Fraud by South Korean Police According to a report by a local news outlet, the Intelligent Crime Investigation Unit of the Seoul Police authorities raided South Korea’s largest cryptocurrency exchange Bithumb. Read more…

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Bitcoin Cryptocurrency News

Peter Schiff Attacks Bitcoin as Silver Rallies to Six-Year High

Peter Schiff attacked Bitcoin over its inability to beat Silver at its intraday gains. The prominent gold bug said the metal is the new Bitcoin. Cryptocurrency enthusiasts shot back, accusing Mr. Schiff of cherry-picking data to propagate his anti-Bitcoin agenda. Peter Schiff believes silver’s rally will be short-lived. In condemning it, he called the metal Read more…

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Cryptocurrency News Ethereum

China: $15 million Ethereum scam ends in Ferrari showdown

A scam involving fake crypto exchange tokens, fast sports-cars, and mansions had all the ingredients of a Hollywood thriller—minus the bad guys going scot-free in the end. This week, authorities in China busted a local scheme perpetuated by college kids looking to make a quick buck; with the latter ending up making millions in the Read more…

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Blockchain Cryptocurrency News

SEC Forces Crypto Company to Return ICO Funds to Investors

The U.S. Security and Exchange Commission (SEC) has ruled that startup Enigma MPC violated federal securities laws when it conducted the ENG token ICO. The company must refund investors and pay a fine. SEC DECLARES ENG TOKENS AS SECURITIES  The ICO took place in November, 2017 and raised approximately $45 million dollars. ENG is an Read more…

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Bitcoin Cryptocurrency News Ethereum

Bitcoin Price Dropped Below $7,000 Likely on PlusToken Dumpers

Bitcoin price broke down below the psychological level of $7,000 late on Monday. The cryptocurrency updated the December low after blockchain researcher Chainalysis said that PlusToken scammers were selling coins to cash out. Bitcoin Dragging Down Crypto Market At the time of writing, the cryptocurrency fell 3.11% in the last 24 hours, touching the daily Read more…

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Bitcoin Cryptocurrency News

Coinjer Scam is Making the Rounds, Here’s What You Need to Know

The Coinjer scam is one of the latest cons to hit crypto-related social media recently. The scam primarily operates across Telegram channels and tricks people into coughing up bitcoin in order to receive more.  The Coinjer Scam Promises BTC Rewards The Coinjer scam is a relatively small-scale attempt to syphon away Bitcoin (BTC). The scheme Read more…

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Blockchain Cryptocurrency News

North Korean Crypto Social Media Monitoring on the Rise

Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring.  Yesterday’s report by NK Economy claims that North Korean firm Marine Chain is actively keeping an eye on leading names in the crypto and blockchain space This would not have mattered for most other companies, but Read more…

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Bitcoin Cryptocurrency News

Huobi, OKEx Avoid Being ‘Iced Out’ by Chinese Government

China favors some crypto exchanges before others, with Huobi rising as one of the favorites. Recent analysis of the Chinese crackdown against the crypto sector showed that not all companies were necessarily created equal. Minor, Shady Markets Face the Worst Crackdown Both Huobi and OKEx will see more favorable acceptance, commented Matthew Graham, CEO of Read more…

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Bitcoin Cryptocurrency News

BREAKING: IDAX Admits CEO Has Vanished With Cold Wallet Keys

The International Digital Asset Exchange (IDAX) admitted the news that its CEO went missing, locking the exchange out of the cold storage wallets. Reports of Missing CEO Turned Out Real The IDAX exchange stated it went through maintenance, while Weibo.com reported rumors from workers that the CEO went missing. In a previous notice, the exchange Read more…