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South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison


In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange. A branch of...

New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund


The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. Bitcoin Index Fund Filed With SEC The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a...

Crypto Exchange CEO 'Assaulted, Extorted Staff, Ordered Data Manipulation’


Under-fire South Korean crypto exchange Coinbit has denied manipulation allegations after police raided the firm’s headquarters – but an ex-employee alleges the exchange’s “violent” CEO assaulted staff, and extorted and threatened employees. Per Seoul Shinmun, a Coinbit official stated that...

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