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Cloud Token and the Rise of MLM Crypto Projects


Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers. Moreover...

Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season


Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower...

Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship


As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...

Bitcoin Throws Bullish Signals as it Gains Support from Daily MAs


Bitcoin currently trades stably around $7,200 and $7,300 price area; at the press time, BTC was at $7,286.55. Interestingly, the king of the cryptocurrencies is trading with total support from the daily moving averages and is under the ‘buy phase’. We are likely to see this influence on the altcoin...

Asia’s Love Affair With Blockchain Is Blossoming


Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of...

Mainstream Media’s Hit Piece on Hitmen Fails Miserably


Mainstream media is probably one of the worst mediums for factual information because it’s typically filled with ignorance and propaganda. When it comes to cryptocurrencies, darknet markets, and encryption, conventional news outlets publish hit pieces that are beyond absurd. On December...

User Reports Reveal Visa and Mastercard Outages During the Holidays


Having problems with payments around Christmas can be frustrating, especially for those who leave gift buying till the last minute. With calmer markets this holiday season, the crypto ecosystem has been operating relatively smoothly, with few exceptions. The fiat world, however, saw some glitches...

As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted


Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance customer couldn’t withdraw...

4 Beijing Regulators Issue New Crypto Activity Warning


Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also...

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