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FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade
13.10.2020
Finance officials never once named Libra. But they didn't have to; the proposed stablecoin's shadow still loomed
South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds
19.8.2020
An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator...
US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT
15.8.2020
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed...
South African Bitcoin Investment Company Faces Fresh Scam Allegations
4.8.2020
FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...
Bitcoin Suisse Completes a $48 Million Series A Financing Round
25.7.2020
Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares...
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...
South African Crypto Investment Company Issued Cease And Desist Order In Texas
9.7.2020
The Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Trading International (MTI), Forexandbitcoin.com and four individuals involved in a multi-level marketing scam. Out of the four individuals, Cornelius Johannes Steynberg is a resident of South...
Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud
8.7.2020
Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam
Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
14.4.2020
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says
Texas Cloud Mining Firm Shut Down After Fake Charity Pitch
10.4.2020
Ultra Mining is accused of running a ‘recession special’ and touting a fraudulent $100,000 donation to coronavirus relief efforts
US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down
8.4.2020
The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme
Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling
2.3.2020
Turkish authorities will soon be going after crypto exchanges operating in the country, local media reported. Although the trading platforms are not the prime target of a new push to increase budget receipts, they will be placed under close examination. The news comes as a military escalation with...
Turkey Prepares to Increase Oversight in the Crypto Space
6.1.2020
Turkish authorities, alarmed by the spread of cryptocurrencies in the country, are reportedly ramping up efforts to introduce greater oversight into the sector. Local media revealed that regulators are under pressure to increase supervision in 2020 because of the growing popularity of decentralized...