Scam Round-Up: Asian Investment Schemes and Snail Mail Extortion

Unfortunately, as with any industry, scams of all shapes and sizes persist within the cryptocurrency sector. This past week has seen a Filipino couple arrested after amassing over $17 million USD through a bitcoin investment scam, and protests held outside the office of a Vietnamese company that swindled $660 through two multi-level marketing (MLM) initial … Read more

Australia’s Digitalx Launches Cryptocurrency Investment Fund

Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency. Also Read: Australia’s Blockbid Exchange Granted Cryptocurrency License by Austrac Digitalx Investments Digitalx Ltd (ASX: DCC), … Read more

How an OTC Bitcoin Scammer Almost Stole $600 Million

OCT trading involves high value deals that can run into the hundreds of millions of dollars. Whales want privacy and zero slippage, which isn’t possible on a cryptocurrency exchange, while buyers want large quantities of bitcoins at below market rates. It’s an arrangement that suits both parties, but for it to work, trust is essential … Read more

Australian Firms Sign Landmark Blockchain Deal

Australia’s Hunter Energy has signed a deal with IOT Group that could help resolve the country’s electricity problem. The agreement seeks to build a blockchain center inside the Redbank coal-fired power station. This blockchain center will provide cheap electricity for blockchain applications. Details of the Deal The deal will give Australia direct access to wholesale … Read more

Brazilian University Launches Cryptocurrency Masters Programme

A major Sao Paulo institution is launching what has been reported as Brazil’s first Master’s degree in cryptofinance. The course comes amid an increasing embracement of virtual currencies on the part of the Brazilian universities, with themes pertinent to cryptocurrency increasingly being incorporated into mainstream tertiary finance studies. Also Read: FSA Study Reveals 3.5 Million Cryptocurrency … Read more