Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

Turcoin Ponzi Scheme Exposed, Founders Flee with MillionsTurkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. […]

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Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of Football

Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of FootballThe world loves football (or soccer) and crypto companies won’t let the craze expire without tapping into it. Fans can now make predictions and place bets on a blockchain-based platform with a prize fund in cryptocurrency. Unfortunately, not only legitimate businesses, but also scammers have been trying to take advantage of the emotions surrounding the […]

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Swiss Crypto Company Acquires License to Distribute Funds to Investors

Swiss Crypto Company Acquires License to Distribute Funds to InvestorsCrypto Fund AG has been granted a license to distribute funds on behalf of “qualified investors” in Switzerland. The permission has been issued by the country’s financial market regulator, FINMA. The firm also seeks approval for another crypto-related service. Also read: Zug Tests Blockchain to Decide on Fireworks and Digital IDs First Point of Contact […]

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Strong Demand for Crypto Experts on the Russian Labor Market

Strong Demand for Crypto Experts on the Russian Labor MarketStatistics from leading job search platforms indicate that the demand for cryptocurrency and blockchain specialists in Russia remains strong. Most employers offering these vacancies are either IT companies or banks. The competition for crypto expertise is getting tougher, as the country is preparing to finally regulate the fintech sector.   Also read: Crypto Incomes Declared […]

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Six Fake Crypto Exchange Sites Busted by Ukraine’s Cyberpolice

Six Fake Crypto Exchange Sites Busted by Ukraine’s CyberpoliceThe cybercrime combating unit of the Ukrainian police has uncovered a network of fraudulent crypto trading websites. Four people are suspected of offering the fake online exchange services. They have maintained at least six platforms luring cryptocurrency traders with deceptive messages. Also read: Survey: 13% of Net-Savvy Ukrainians Own Cryptocurrencies Police on the Lookout for More […]

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Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and Conservationists

Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and ConservationistsToday’s Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. A company now offers crypto payments for inmates in prisons across America. And in South Africa, a new token will support rhino conservationists, […]

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Survey: 13% of Net-Savvy Ukrainians Own Cryptocurrencies

Survey: 13% of Net-Savvy Ukrainians Own CryptocurrenciesUkrainians are increasingly aware of cryptocurrencies, and 13 percent of those using the Internet own digital coins, according to a new survey. The total of the daily turnover on the three leading cryptocurrency exchanges in the country currently reaches $2 million USD.   Also read: Ukrainian Companies Mint 25 Coins, Raise $132 Million Majority of […]

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Estonia Grants License to Crypto Trading Software Provider Ibinex

Estonia Grants License to Crypto Trading Software Provider IbinexIbinex, a company that specializes in white-label solutions for cryptocurrency exchanges, has obtained a license to operate in Estonia. Besides exchange services, it also plans to offer both hot and cold wallets within the regulatory framework of the tech-savvy, crypto-friendly Baltic nation. Also read: Estonia Grants Licenses for Wallet and Exchange Services to Coinmetro EU […]

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Crypto Incomes Declared on Tax Returns in Russia

Crypto Incomes Declared on Tax Returns in RussiaTaxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, […]

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Bitcoin in Brief Thursday: Thomson Reuters to Track Top 100 Cryptocurrencies

Bitcoin in Brief Thursday: Thomson Reuters to Track Top 100 CryptocurrenciesThomson Reuters has expanded its sentiment data tracking service to cover the top 100 cryptocurrencies. You can find details about the TRMI 3.1 crypto sentiment package in our daily rubric, Bitcoin in Brief. Today’s edition also features other announcements crypto investors may find interesting. Some useful tools can help them develop dynamic strategies on the […]

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