Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Prosecutors say that a group of bitcoin traders in Taiwan ran a $51 million crypto scam. | Source: Shutterstock Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The…

UCLA Professor says Crypto Will Go From Bad to Worse in 2019, Will it?

UCLA Professor says Crypto Will Go From Bad to Worse in 2019, Will it?

Scott Galloway, a professor at the University of California, Los Angeles (UCLA), believes crypto will have a worse year in 2019. As a part of his general trends prediction for this year, he said that virtual reality (VR) and crypto will continue to struggle in the upcoming 12 months. Why Scott Galloway is Bearish on…

Ethereum Classic Hacker Stole 54,200 ETC from Crypto Exchange Gate.io

Ethereum Classic Hacker Stole 54,200 ETC from Crypto Exchange Gate.io

Cryptocurrency exchange Gate.io confirmed that it had lost about $220,000 worth of Ethereum Classic coins – about 40,000 ETC – during the ongoing manipulation of the project’s blockchain network. The exchange confirmed Tuesday that the Ethereum Classic blockchain was under 51% attack – in which a single entity takes control of more than half the…

Thailand’s Finance Ministry Grants Licenses to Three Crypto Exchanges

Thailand’s Finance Ministry Grants Licenses to Three Crypto Exchanges

TweetShare The Ministry of Finance in Thailand has granted working licenses to three crypto trading companies and denied permits for two businesses seeking to become regulated exchanges. The ministry has also issued a working permit to a cryptocurrency broker and dealer. “The four applicants granted a license are three digital asset exchanges – namely (1) Bitcoin…

Indian Police Make Fourth Arrest in $70 Million Crypto Scam

Indian Police Make Fourth Arrest in $70 Million Crypto Scam

TweetShare Delhi cyber crime police have made further developments in the unfolding cryptocurrenvy scam run by an organization going by the name ‘Flintstone Group’. The group launched a fraudulent cryptocurrency called Money Trade Coin (MTC), hoodwinking 25,000 investors with promises of massive returns which, of course, never materialized. After making three arrests last year including…

Investors Demand Refund from Hong Kong Millionaire over Crypto Mining Scam

Investors Demand Refund from Hong Kong Millionaire over Crypto Mining Scam

TweetShare Four Hong Kong investors have come out to demand refunds of the capital given to Wong Ching-kit, a businessman who sells Bitcoin mining equipment, after claiming that the 24-year-old crypto promoter scammed them. According to a report on the South China Morning Post (SCMP), the affected investors have suffered losses around HK$20,000 (roughly $25,000)…

Epic Games & Fortnite Are Not Into Crypto, Yet

Epic Games & Fortnite Are Not Into Crypto, Yet

TweetShare Recent reports that Fortnite was accepting cryptocurrency Monero for purchases of merchandise are incorrect says Epic Games CEO Tim Sweeney. CCN reported the news on January 2 after a tweet by Monero developer Riccardo Spagni: Too cool: the Fortnite merch store (https://t.co/KNL4IFCFHk) lets you pay in Monero, so now you can purchase that sweet…