Washington pastor Francier Obando Pinillo was charged with 26 counts of fraud and could spend up to 20 years behind bars.
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Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting social media […]
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The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to BIB following advice from individuals named Austin Johnson and Cindy Turner, he was unable […]
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The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark” […]
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Other states can join in the settlement, which will see up to $82.1 million returned to customers.
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Binance founder Changpeng “CZ” Zhao posted a $175 million bond with a condition he returns to the U.S. two weeks before his sentencing.
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On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200 […]
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A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. Bitcoin Bull-Run Could Revive Interest in Mining, Officials Warn Per the Seattle Times, bitcoin’s […]
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The novel coronavirus outbreak in the US seems to primarily focus on Washington state. New evidence is coming to light to explain why this odd situation is in place today. When a pandemic occurs, every country will have its “hotspots”. Washington State Remains a Hotspot In China, that is Wuhan, whereas Italy has the Lombardy region. For the US, it appears that the main center of activity is Washington state. The first case in this state was reported in January of 2020. Ever since, the number of people testing positive for COVID-19 has increased at an alarming rate. Several reasons
The post Washington State Remains a COVID-19 Hotspot in the US appeared first on The Merkle Hash.
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A major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]
The post 9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike appeared first on Bitcoin News.
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