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Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

Leave a Comment / Bitcoin, charged, Charges, Crypto, Crypto Hacked, crypto pyramid, Cryptocurrencies, Cryptocurrency, defrauded, Ethereum, Forsage, Fraud, indicted, indictment, investment, investment scheme, Investors, News, Ponzi Scheme, Pyramid Scheme, russian, russians, Victims, Wire Fraud / admin / February 23, 2023 / charged, Charges, Crypto, crypto pyramid, Cryptocurrencies, Cryptocurrency, defrauded, Forsage, Fraud, indicted, indictment, investment, investment scheme, Investors, News, Ponzi Scheme, Pyramid Scheme, russian, russians, Victims, Wire Fraud

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A […]

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Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin

Leave a Comment / anti-bitcoin, Attacks, Bitcoin, Bots, campaign, Channels, Crypto, crypto channels, crypto groups, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, Groups, Messages, messenger, News, Nikita Zuborev, Pavel Durov, Posts, Russia, russian, Social Media, social media platform, Social Network, Telegram, VK, Vkontakte / admin / February 23, 2023 / anti-bitcoin, Attacks, Bitcoin, Bots, campaign, Channels, Crypto, crypto channels, crypto groups, Cryptocurrencies, Cryptocurrency, Groups, Messages, messenger, News, Nikita Zuborev, Pavel Durov, Posts, Russia, russian, Social Media, social media platform, Social Network, Telegram, VK, Vkontakte

Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency

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Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

Leave a Comment / American, Arrest, Arrested, Bitcoin, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, Crypto Hacked, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, Ethereum, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US / admin / February 23, 2023 / American, Arrest, Arrested, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian

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BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

Leave a Comment / Agustin Carstens, Bank for International Settlements, BIS, Bitcoin, Bloomberg News, central bank digital currencies, Central Banks, Consumers, credibility, crypto assets, crypto economy, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, Euro, fiat currencies, Financial Incumbents, fragmentation, future of money, Innovation, institutional arrangements, Investors, legal infrastructure, lender-of-last-resort, Monetary Authority of Singapore, national currencies, News, pound, regulatory protections, safe money, singleness of money, social conventions, Stable Cryptos, stable money, Stablecoins, trusted money, unity of money, yen / admin / February 22, 2023 / Agustin Carstens, Bank for International Settlements, BIS, Bitcoin, Bloomberg News, central bank digital currencies, Central Banks, Consumers, credibility, crypto assets, crypto economy, Cryptocurrencies, Ethereum, Euro, fiat currencies, Financial Incumbents, fragmentation, future of money, Innovation, institutional arrangements, Investors, legal infrastructure, lender-of-last-resort, Monetary Authority of Singapore, national currencies, News, pound, regulatory protections, safe money, singleness of money, social conventions, Stable Cryptos, stable money, Stablecoins, trusted money, unity of money, yen

According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.”

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Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison

Leave a Comment / Armenta, Bitcoin, boyfriend, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Cryptoqueen, Ethereum, founder, Fraud, Gilbert Armenta, Laundering, Mastermind, Money Laundering, News, Onecoin, Ponzi, Pyramid, Ruja, Ruja Ignatova, Scam, sentence, sentenced / admin / February 18, 2023 / Armenta, boyfriend, Crypto, Cryptocurrencies, Cryptocurrency, Cryptoqueen, founder, Fraud, Gilbert Armenta, Laundering, Mastermind, Money Laundering, News, Onecoin, Ponzi, Pyramid, Ruja, Ruja Ignatova, Scam, sentence, sentenced

A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which defrauded investors around the world. Ruja’s Former Boyfriend Sentenced for Money Laundering Linked to Onecoin

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Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

Leave a Comment / amendments, bank accounts, Bitcoin, Changes, Crypto, crypto exchanges, Crypto Hacked, crypto trading, Cryptocurrencies, Cryptocurrency, Ethereum, Exchanges, limits, Regulation, Regulations, restrictions, rules, trading, Uzbekistan, Uzbekistani / admin / February 16, 2023 / amendments, bank accounts, Changes, Crypto, crypto exchanges, crypto trading, Cryptocurrencies, Cryptocurrency, Exchanges, limits, Regulation, Regulations, restrictions, rules, trading, Uzbekistan, Uzbekistani

The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of

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Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner

Leave a Comment / Attack, attackers, Bitcoin, BTC, Crime, Crypto, Crypto Hacked, crypto miner, crypto mining, Cryptocurrencies, Cryptocurrency, Ethereum, Exchange, miner, Mining, Russia, russian, Trial, victim, Wallet / admin / February 16, 2023 / Attack, attackers, Bitcoin, BTC, Crime, Crypto, crypto miner, crypto mining, Cryptocurrencies, Cryptocurrency, Exchange, miner, Mining, Russia, russian, Trial, victim, Wallet

Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now in custody. Thieves Face Trial in Russia for Armed Robbery

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US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

Leave a Comment / Biden Inflation, Bitcoin, Central Bank, consumer price index, consumer spending, CPI, CPI report, CPI report January, Crypto Hacked, Cryptocurrencies, Cryptocurrency, disinflationary process, Economics, Economy, Ethereum, Federal Funds Rate, Federal Open Market Committee, Federal Reserve, Financial Markets, FOMC, Food, Global Economy, gold, inflation, Inflation Rates, interest rates, Investors, jerome powell, Joe Biden, Markets, Monetary Policy, natural gas, Precious Metals, Price Increase, shelter, silver, stocks, trading, U.S. Labor Department, US Dollar, Wall Street / admin / February 14, 2023 / Biden Inflation, Central Bank, consumer price index, consumer spending, CPI, CPI report, CPI report January, Cryptocurrencies, disinflationary process, Economics, Economy, Federal Funds Rate, Federal Open Market Committee, Federal Reserve, Financial Markets, FOMC, Food, Global Economy, gold, inflation, Inflation Rates, interest rates, Investors, jerome powell, Joe Biden, Markets, Monetary Policy, natural gas, Precious Metals, Price Increase, shelter, silver, stocks, trading, U.S. Labor Department, US Dollar, Wall Street

U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts

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SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude

Leave a Comment / alameda, Allegations, Bitcoin, campaign finance violations, CFTC, civil lawsuits, commodities fraud, criminal proceedings, Crypto Hacked, Cryptocurrencies, Cryptocurrency, cryptocurrency industry, customer deposits, Damian Williams, Ethereum, Federal Election Commission, federal grand jury, fiat currencies, Financial regulators, Fraud, ftx, judicial overlap, Manhattan, Money Laundering, motion to stay, new york judge, News, outcome, Sam Bankman-Fried, SEC, securities fraud, Southern District of New York, Trial, U.S. Attorney, Wire Fraud / admin / February 14, 2023 / alameda, Allegations, campaign finance violations, CFTC, civil lawsuits, commodities fraud, criminal proceedings, Cryptocurrencies, cryptocurrency industry, customer deposits, Damian Williams, Federal Election Commission, federal grand jury, fiat currencies, Financial regulators, Fraud, ftx, judicial overlap, Manhattan, Money Laundering, motion to stay, new york judge, News, outcome, Sam Bankman-Fried, SEC, securities fraud, Southern District of New York, Trial, U.S. Attorney, Wire Fraud

Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits to Prevent ‘Judicial Overlap’ According to the latest decision by a New

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Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

Leave a Comment / BiH, Bitcoin, Bosnia, bosnia and herzegovina, Bosnian, Crypto, crypto assets, Crypto Hacked, crypto taxation, crypto trade, crypto trading, Cryptocurrencies, Cryptocurrency, Digital Assets, Ethereum, income tax, Regulations, Tax, Taxation, Taxes, virtual assets / admin / February 13, 2023 / BiH, Bosnia, bosnia and herzegovina, Bosnian, Crypto, crypto assets, crypto taxation, crypto trade, crypto trading, Cryptocurrencies, Cryptocurrency, Digital Assets, income tax, Regulations, Tax, Taxation, Taxes, virtual assets

Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax Is Due on Profits From Crypto Trades, Bosnia Tax

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Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner

US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude

Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

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