Crypto Market

OneCoin Crypto Scam Thrives After Founder’s Arrest

OneCoin Crypto Scam Thrives After Founder’s Arrest

The Digital Forensic Research Lab (DFRLab) found an “astroturfing campaign” around the same time as OneCoin founder Ruja Ignatova disappeared. DFRLab is an entity under the US think tank The Atlantic Council. New York prosecutors arrested who they claimed was a “top leader” of the project in March last year. The accusation stated that his …

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Vodafone Exits Facebook’s Libra Association

Vodafone Exits Facebook’s Libra Association

International carrier Vodafone is the eighth founding member of Facebook’s cryptocurrency project, Libra, to leave the association. This is following the striking withdrawals from Mastercard, Visa, eBay, Mercado Pago, Stripe, PayPal, and Booking Holdings. The exit appears to be well-intentioned since the carrier focused on its service over regulatory concerns. Vodafone will instead dedicate its …

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Litecoin and Cryptocurrency Firms Under Fire

Litecoin and Cryptocurrency Firms Under Fire

Following Litecoin’s (LTC) continued downtrend in 2019, analysts claim its outperformance against Bitcoin in the past month will only continue. Looking at the market structure of the recent positive performance, the altcoin is slowly hitting previous its limits. The weekly LTC/BTC chart suggests the recent leg of the lengthy Litecoin downtrend formed a channel since …

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State-Backed Blockchain Institution Prospects by the Senate

State-Backed Blockchain Institution Prospects by the Senate

Senator Nathan Dahm from Oklahoma wrote a new bill for the State of Oklahoma that has prospects for the digital currency market. The bill looks to build a state-backed upscale financial institution around the crypto market, particularly around blockchain technology. The proposal would then establish a new classification for the institutions involved. The Oklahoma Senator …

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ESMA Shift Focus on Digital Assets

ESMA Shift Focus on Digital Assets

Following the US Securities and Exchange Commission (US SEC), the European financial regulator announces its focus on digital assets this year. The European Securities and Markets Authority (ESMA) published “Strategic Orientation 2020-22” with promises to address concerns about cyber dangers. As risks arise from digitalization, ESMA stresses the importance of studying them. The organization aims …

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Deribit Announces Transfer Against EU Restrictions

Deribit Announces Transfer Against EU Restrictions

European Union has enounced its intentions to tighten regulations on cryptocurrencies, crypto derivatives exchange. As a result, Deribit announces its departure for Panama. The current Netherlands-based platform will in other words officially delegate into its daughter company, DRB Panama, on February 10. Open client positions, holdings, wallets, and other system settings will, therefore, be transferred …

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