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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...

Giant Backed ErisX Launches Bitcoin Futures For Small Investors


Regulated derivatives exchange ErisX, backed by major U.S. brokerage TD Ameritrade, is estimated to launch their "Futures Digital Currency Products" today, aiming to capitalize on the rising interest in Bitcoin (BTC) futures among small investors. The exchange’s portfolio currently comprises...

Bitcoin and Altcoins Gaining Bearish Momentum


In the past two sessions, there was a sharp rise in selling on bitcoin below the USD 7,200 support. As a result, BTC/USD declined heavily and broke the main USD 7,000 support area. It tested the USD 6,850 support and is currently (09:00 UTC) consolidating losses. Also, there was a nasty decline...

BTC 20K and ETH 790K Still Might be Dumped on the Market By PlusToken


At least BTC 20,000 (USD 138 million) and ETH 790,000 (USD 104 million) are still waiting to be dumped on the market by the criminals from the "one of the largest Ponzi schemes ever," PlusToken, according to Chainalysis, a U.S.-based blockchain analysis company. The researchers claim that...

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...

Mystery Surrounds DDoS Attacks That Have Downed the Darknet


If you’ve been struggling to access your favorite darknet market lately, you’re not alone. Ongoing DDoS attacks have rendered marketplaces, forums and other onion sites inaccessible for weeks. Speculation surrounds the attacks, with some blaming law enforcement and others attributing...

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