Crypto Queen’s Brother Admits $4 Billion Onecoin Scam

The arrest of OneCoin leader Konstantin Ignatov earlier this year has proved to be a goldmine for prosecutors in the Southern District of New York. Ignatov has offered intricate details on the $4 billion cryptocurrency scam that was started by his sister Ruja Ignatova, infamously known as the ‘Crypto Queen’. Continue reading Crypto Queen’s Brother Admits $4 Billion Onecoin Scam

Feds Nab Two Suspects in Alleged $550K Crypto-Fueled Scam

Two Massachusetts men were arrested on Thursday and charged with carrying out a nationwide scheme to steal people’s social media accounts and their cryptocurrency. According to the U.S. Department of Justice (DOJ), Eric Meiggs, 21, and Declan Harrington, 20, targeted at least 10 victims in the country. Continue reading Feds Nab Two Suspects in Alleged $550K Crypto-Fueled Scam

Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and cryptocurrency revolution. In the forewarning, he underscores that China is already ahead in some areas such as fintech, and the United States is merely playing catch-up. Continue reading Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to provide bitcoin custody, but the firm believes that it would set the stage for the mass adoption of the technology. Continue reading Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

China Guarantees Citizens On-Demand Anonymity With State Digital Currency

China has brushed aside concerns that its planned government-backed crypto will be used to keep tabs on the activities of its citizens. Allegedly, users of the centralized digital currency will be guaranteed ‘controllable anonymity’ as long as they are not engaging in illegal activities. This is according to the head of the digital currency research institute at the People’s Bank of China, Mu Changchun. Continue reading China Guarantees Citizens On-Demand Anonymity With State Digital Currency

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