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Lloyd’s Backs New Crypto Hot Wallet Insurance Scheme From Coincover
2.3.2020
The UK insurance giant is underwriting a new policy protecting against theft of cryptocurrency held in online hot wallets
SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin
28.2.2020
The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen,...
Ex-Microsoft Employee Convicted of 18 Felonies in Digital Currency Scheme
26.2.2020
A software engineer who worked for Microsoft has been found guilty of a complex $10 million scheme to embezzle funds using Bitcoin
Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems
23.2.2020
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit...
Gemcoin Founder Admits to Fraud in $147 Million Scheme
20.2.2020
Gemcoin mastermind faces 10-year prison sentence over $147 million cryptocurrency scheme
Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme
19.2.2020
Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme
CFTC Charges Colorado Resident With Fraud in Crypto Ponzi Scheme
15.2.2020
The CFTC has charged a Colorado individual for allegedly defrauding investors out of more than $500K via a crypto trading scheme
$118 Million of Plustoken BTC on the Move Again – New Dump Incoming?
11.2.2020
Plustoken’s stash of bitcoin is on the move again. The haul of ill-gotten gains, amassed during a long-running Ponzi scheme that accrued 187,000 BTC, has been sporadically liquidated, impacting the market price of bitcoin in the process. At 2:46 a.m. today, a known Plustoken address moved...
One Coin, Much Drama: OneCoin Ponzi Scheme Lives on as TV Show
8.2.2020
“OneCoin: the movie” is set to become reality thanks to a U.S. production company
New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen
8.2.2020
The story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From...
Uganda Targets Cryptocurrencies in Ponzi Scheme Crackdown
6.2.2020
Uganda wants to ban pyramid schemes, but cryptocurrencies may come under fire as well
Unknown Number of Major League Baseball Players Lured into Crypto Ponzi Scheme
6.2.2020
Former pro baseball players and senior citizens are among the victims of a crypto ponzi scheme that defrauded people of at least $7.5 million
UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges
5.2.2020
Young and small cryptocurrency businesses will pay lower registration fees than big companies, the United Kingdom’s financial watchdog has decided after consultations with members of the industry. The revised fee scheme takes into account the firms’ income to determine the amount...
MIT ‘Spider’ Routing Scheme Could Speed Up Cryptocurrency Transactions
3.2.2020
MIT researchers have created a new crypto-routing scheme to notably reduce blockchain-based transaction processing times
Investigators Bust €6 Million Bitcoin and Gold Fraud Scheme
31.1.2020
Investigators take down fraudulent crypto and gold investment scheme
Zcash Community Approves New Mining Reward Distribution Scheme
29.1.2020
The people of Zcash have spoken, approving mining reward changes that will come into play at the coin’s halving in November
OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
29.1.2020
When bad press surrounding the scam started circulating, Onecoin used fake positive reviews TrustPilot and Quora to try to protect its public image
The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
25.1.2020
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in...
The Web in 2020: Extensibility and Interoperability
22.1.2020
In the past few years, we’ve seen a lot of change and diversion in regard to web technologies. In 2020, I foresee us as a web community heading toward two major trends/goals: extensibility and interoperability. Let’s break those down.
Extensibility
Extensibility describes...
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
22.1.2020
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud...