Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

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While cryptocurrency scams and lawsuits are usually based on “exit-scams” and outright frauds, Michael Terpin, a U.S.-based cryptocurrency investor, has filed a mammoth $224 million lawsuit against his telecom operator, citing the theft of digital tokens. AT&T’s Identity Gamble As reported by Reuters, Aug. 15, Terpin is holding telecommunications giant AT&T liable for gross negligence…

Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

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In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to…

Overstock and Galaxy Digital Shares Face Drawback from Crypto Bear Market

Overstock and Galaxy Digital Shares Face Drawback from Crypto Bear Market

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Since the start of 2018, the overall cryptocurrency market has struggled to maintain a recovery from its multi-month downtrend. In accordance with increased selloffs, companies heavily vested in the nascent digital asset class are starting to face drawbacks. Overstock Shares Plummet Despite tZERO Investment Online retail giant Overstock.com Inc. entered the cryptocurrency sector when it…

Ripple Endorses 'Preferred' Crypto Exchanges for XRP Payments

Ripple Endorses 'Preferred' Crypto Exchanges for XRP Payments

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Ripple is recommending three cryptocurrency exchanges as the “preferred partners” for transacting on its xRapid payments platform.

Bitcoin Not Dead, Again: Washington Post Gets Schooled

Bitcoin Not Dead, Again: Washington Post Gets Schooled

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Castle Island Ventures partner and cofounder of Coinmetrics.io, Nic Carter, has had quite enough. Made crazy by mainstream media misunderstanding, ignorance, and downright falsehoods regarding cryptocurrencies, he took to Medium, making the case for why Bitcoin is not dead, again. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots “Bitcoin is Still a Total Disaster”…

Blockchain VC Firm Pithia Inc. Signs Investment Deal with Lucidity

Blockchain VC Firm Pithia Inc. Signs Investment Deal with Lucidity

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Blockchain startups are disrupting industries worldwide through solutions for data transparency, storage and security. On Aug. 15, venture capital firm Pithia confirmed an investment deal with blockchain startup Lucidity. RChain Ecosystem to Support Lucidity Venture capital firm and RChain Cooperative partner Pithia Inc. has announced an investment in Lucidity. Through the investment, Lucidity, a scalable…

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

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The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which…

30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey

30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey

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Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research.

Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

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Undaunted by the SEC’s second Bitcoin ETF proposal rejection, Tyler and Cameron Winklevoss appear to be charging full steam ahead with their cryptocurrency exchange and custodian, Gemini. For the twin brothers, the commission’s green light may have granted Gemini the largest rush of institutional capital seen in this industry. Now, with Gemini ranked 24th largest exchange…