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A special investigations unit has been set up in the Indian state of Maharashtra where there is a rise in bitcoin-related scams. The unit will take over the investigation of all cases relating to cryptocurrency in the state that are currently handled by various police departments. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]
The post Special Unit Formed to Investigate Crypto Cases in India appeared first on Bitcoin News.
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Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scam’s videos. This case might be used by Google and others to justify their bans on crypto ads, arguing that their algorithms can not distinguish between legitimate projects and frauds. Also Read: No […]
The post Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims appeared first on Bitcoin News.
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Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. The RBI ban is now in effect and a growing number of crypto exchanges have already announced they will no longer […]
The post Indian Police Seek to Sell Crypto and Bypass RBI Ban appeared first on Bitcoin News.
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On the backdrop of recent developments concerning the status and the future of cryptocurrencies in India, Bitcoin has been dragged into a political scandal between the country’s two major parties. We’ve covered the story in today’s Bitcoin in Brief. Also in the daily, check the details around some BCH-related projects and services, as well as […]
The post The Daily: Bitcoin Enters Indian Politics, Blockchain Obsession Grows appeared first on Bitcoin News.
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Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to […]
The post Syscoin Hack Disrupts Binance Prompting Temporary Shutdown appeared first on Bitcoin News.
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When making investment decisions it is always important to remember the old saying, “If something looks too good to be true, it probably is.” This is especially true if anyone promises you a bitcoin mining rig, which people wait for months in advance, at just a third of the retail price. Also Read: Silicon Valley […]
The post Alleged Fraudster Arrested in China Over $15M Mining Hardware Con appeared first on Bitcoin News.
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Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. […]
The post Turcoin Ponzi Scheme Exposed, Founders Flee with Millions appeared first on Bitcoin News.
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Worth the trouble? The EOS mainnet is finally operational as the community elects a pool of Block Producers and overcomes a ‘freeze’
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