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Disgusting Bitcoin Scam Swipes $1.6 Million from Jersey Victim’s Life Savings

A man from the English channel island of Jersey just wanted to buy bitcoin. In actuality, the unfortunate victim gave away an eye-popping $1.6 million in life savings to crypto scammers. The Jersey Evening Post reports the thieves promised the victim 1,500% returns on his investments. Continue reading Disgusting Bitcoin Scam Swipes $1.6 Million from Jersey Victim’s Life Savings

Elon Musk Shills Ethereum, Price Goes from Red to Green

Elon Musk might have the SEC breathing down his neck about Tesla, but he’s having some fun with crypto Twitter. In a one-word tweet, he single-handily drew in the entire crypto community to his thread. The Tesla CEO simply said “Ethereum.” After he let the cat out of the bag, the ETH price started moving, erasing declines that have weighing on the second-biggest cryptocurrency all day and turning them into gains, albeit briefly. Elon Musk might want to tread lightly or he’ll get the SEC after him yet again for a completely different reason this time. Continue reading Elon Musk Shills Ethereum, Price Goes from Red to Green

Singapore Police Rescue Victim from Elaborate Bitcoin Machine Scam

A police investigation involving bitcoin machines at Tampines One Mall in Singapore saved a 32-year-old man from scammers impersonating officials. They also helped a 49-year-old man not to transfer any more of his bitcoin to the alleged lying thieves. Continue reading Singapore Police Rescue Victim from Elaborate Bitcoin Machine Scam

Facebook Awkwardly Blocks Aussie Restaurant from Bitcoin Payments Ad

Origin Kebabs just wanted to let its followers know that four of its Queensland stores now accept bitcoin as a form of payment. Facebook wasn’t having it and blocked the Aussie restaurant from advertising on the social media platform. Someone might want to tell Mark Zuckerberg before he launches his own FaceCoin or they could find themselves in an awkward spot. Continue reading Facebook Awkwardly Blocks Aussie Restaurant from Bitcoin Payments Ad

India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox

The Reserve Bank of India (RBI) has published its official document on a draft framework for fintech regulatory sandbox entitled “Draft Enabling Framework for Regulatory Sandbox.” The document explicitly excluded crypto assets like bitcoin, demonstrating a lack of intent to regulate the local crypto market. Continue reading India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox