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Fidelity Aims for European Expansion, Launches UK Operations


American mutual fund giant Fidelity is set to expand into Europe with a new UK-based branch. Per an official announcement, the company’s crypto arm, Fidelity Digital Assets, will begin operating in Europe. Fidelity will also launch a new entity that will serve European institutions that invest...

Russian Authorities Charge Two Anonymous Crypto Scammers


Ever since the popularity of cryptocurrencies has seen a tremendous jump in the financial market, the rate of crimes, frauds, and illicit activities concerning digital assets have also surged up at an equally fast pace. In a recent incident, the regulatory authorities held two Russian citizens...

BiKi.com To Start Operations In Latin American and UAE Crypto Marketspace


Headquartered in Singapore, the leading cryptocurrency trading platform Biki.com announced the news that it is venturing into the crypto marketspaces of Latin America and the United Arab Emirates, the regions which have been away from the complexities of the digital currency sector for the longest...

Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report


On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may...

Japanese Kids Proving too Smart for Crypto Scammers


Cryptocurrency-related scams are prevalent among Japanese high school children – but it looks like the nation’s youth is already wise to bogus promises and get-rich-quick schemes. Per Ryuku Shimpo, the education authority of the Okinawa Prefecture last month conducted a survey at 88 high schools...

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year


According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...

Has Ashton Kutcher Left XRP? Actually He's a Bitcoin Fan Since 2013


Ashton Kutcher. Source: a video screenshot, Youtube, The Tonight Show Starring Jimmy Fallon The fight for celebrity endorsements continues to rage online. And while many ask if actor Ashton Kutcher has turned his back on XRP in favor of Bitcoin, a dive back into crypto’s early days reveals that...

South Korean Police Charge Operators of USD 18m Bogus ‘Thai Crypto’


South Korean prosecutors in the city of Daejeon have busted what appears to be a USD 18.4 million multi-level pyramid scheme centering around a fake token. Per news agency Yonhap, police say that executives from at least one unnamed company convinced “a large number of investors” to invest in...

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