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…

Wells Fargo Says Bitcoin Too Risky for Clients, Pays $575 Million Fine For Scamming Them

Wells Fargo Says Bitcoin Too Risky for Clients, Pays $575 Million Fine For Scamming Them

TweetShare Wells Fargo — the third-largest US bank with $2 trillion in assets — will pay a $575 million settlement after admitting that it systematically scammed its own customers for 15 years. Ironically, the fine comes just months after the banking giant dismissed bitcoin as too risky an investment. Pursuant to a nationwide federal investigation, Wells Fargo admitted that its employees opened more than…

TRON Hits New Milestones: 1 Million Accounts and 100 Million Contracts

TRON Hits New Milestones: 1 Million Accounts and 100 Million Contracts

TweetShare TRON founder Justin Sun’s plan for blockchain domination seems to be going well. The TRON blockchain now has over 1 million user accounts and has reached over 100 million contracts recorded. The number of TRON addresses, or users, is growing by between 10,000 and 40,000 per day. According to tronscan.org TRON, user address growth…

Visa Acquires Ripple Partner Earthport For $250 Million

Visa Acquires Ripple Partner Earthport For $250 Million

TweetShare Credit card giant Visa Inc. is acquiring British payments firm Earthport for $250.6 million. Earthport — which provides cross-border payment services to banks and businesses — has been partners with Ripple, the blockchain-based payment network, since 2015. Under the merger, Visa paid four times Earthport’s closing stock price on December 26, Reuters reported. Visa was interested in acquiring…

Still Trending: Bitcoin Subreddit Hits 1 Million Subscribers

Still Trending: Bitcoin Subreddit Hits 1 Million Subscribers

Advertisement Reddit is one of the oldest social media sites online, “the front page of the Internet” and a place to share stuff found online. Competitors like Voat.co have come and gone over the years, struggling to battle the network effect of the massive userbase, and while the site predominantly caters to the English-speaking Internet,…

MIT: AI Analyzes Crypto Pump and Dump Schemes, $7 Million Every Day

MIT: AI Analyzes Crypto Pump and Dump Schemes, $7 Million Every Day

Advertisement According to the Massachusetts Institute of Technology (MIT) Technology Review, two researchers at the prestigious Imperial College London have utilized artificial intelligence (AI) and machine learning to analyze hundreds of crypto pump-and-dump schemes to figure out a way to spot them before they occur. Since the 2017 bull market of cryptocurrencies, pump-and-dump schemes in…

Crypto Firm Galaxy Digital is Losing an Average of $15 Million every Month

Crypto Firm Galaxy Digital is Losing an Average of $15 Million every Month

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Galaxy Digital Holdings LP, the cryptocurrency merchant bank founded by prominent crypto investor Mike Novogratz, announced losses totaling $41 million for Q3 2018, bringing the total losses for the year…

Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

Advertisement Twitter Facebook LinkedIn Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam. It is alleged that Amit who is the central character of the trial collected about Rs 10 crore (about…