UK Accused of Allowing Billions in Crypto Fraud in its Indian Ocean Colony

Chagos Islanders Seek Restitution of Popular .IO Domain British Indian Ocean Territory is best known for the secretive US naval base on Diego Garcia Island but is also home to the top level domain .IO that is popular with crypto asset and technology companies. The United Nations General Assembly, African Union, and International Court of Justice have found that Britain’s deportation of the Chagos Islanders a generation ago and continued occupation of the Chagos Archipelago (British Indian Ocean Territory) is unlawful and a serious violation of international law. According to…

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PayPal plans to integrate Bitcoin

PayPal plans to roll out direct sales of cryptocurrency to its 325 million users. PayPal serves 325 million customers with its payment gateway. Bitcoin integration could be imminent. According to a report by the crypto magazine Coindesk, the US company will integrate the purchase and sale of cryptocurrencies in the coming months. As the magazine’s anonymous sources report, PayPal is also planning to integrate a crypto wallet on which the purchased Bitcoin can be managed. To ensure the necessary liquidity, the company also works with various crypto exchanges. According to…

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Trump urged US Treasury Secretary to “hunt” Bitcoin

Donald Trump is once again railing against things he doesn’t understand. At the time, according to John Bolton’s memoir, Donald Trump asked Treasury Secretary Steven Mnuchin to restrict the trading and sale of the Bitcoin internet currency. Mnuchin should not be demoted to a “trading negotiator” of the cryptocurrency, the US President is said to have told him. Rather, he should “track” Bitcoin for fraud. The Trump administration, to which Bolton belonged at the time, has always been skeptical about cryptocurrencies. New guidelines for trading and selling digital currencies were…

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The first exchange-traded crypto product will be listed on XETRA

The London-based ETC Group plans to offer the first exchange-traded crypto product on the German stock exchange XETRA – the exchange-traded cryptocurrency (ETC) has already received BaFin’s approval and is expected to be listed later this month. Bitcoin Exchange Traded Crypto (BTCE), an exchange traded cryptocurrency that tracks Bitcoin’s price, is to be listed on the XETRA trading platform in June. As HANetf announced in a press release, BTCE has already been approved by “BaFin and is structured as an ETC that is physically deposited with Bitcoin”. Bitcoin in the…

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Ethereum incident caused $ 2.6 million Transaction fees

On June 10, an unknown Ethereum user sent $ 130 worth of ether. What looks like a typical transfer resulted in transaction fees of 10,668 ether. That corresponds to the equivalent of $ 2.6 million. The user currently has 32,000 ether worth almost eight million US dollars on his address. This incident caused ongoing conversation and confusion in the community. A presumption suggested that it was a form of money laundering that the perpetrator could claim to be a mistake. Other users assume that the horrendous gas fee is due to a system error in the…

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Did Tether manipulate Bitcoin?

The New York prosecutor’s office has not abandoned charges against the conglomerate around Tether and Bitfinex. On the contrary: in an amendment, the applicant strengthens her accusations. It’s about bitcoin price manipulation. BitFinex and Tether are said to have manipulated the Bitcoin price. Other Bitcoin exchanges are said to have been involved, according to a New York prosecutor’s indictment published on June 3. Tether is said to have printed an unspecified billion amount to USDT and passed it on directly to the sister company Bitfinex. The piquant: In return, Tether…

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RICO reversible ICOs are live now!

Initial coin offerings (ICOs) have more or less had their day. The opportunity to collect a lot of capital in a short time by issuing new coins was considered the gold mine par excellence, especially during the Bitcoin boom period in 2017. Many who wanted to get something out of the crypto cake put together a questionable use case and then issued the appropriate token. Most of it took place on the Ethereum blockchain – based on the ERC-20 tokens. However, the fewest projects had substance, if at all the…

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Does Reddit know beforehand how the Bitcoin price will develop?

It is no surprise that Bitcoin is being discussed more and more frequently on the Internet in times of strong price fluctuations. A data analyst took a close look at the relationship between Reddit and Bitcoin’s price development – and found an astonishing correlation. Cryptocurrencies are among the most volatile asset classes on the market. Investors sometimes have to watch out for strong fluctuations. Indications of how Bitcoin investors should position themselves would be worth gold in such an environment. An analyst believes he has identified a potential whistleblower for…

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Attacks on high-performance computers by crypto miners?

Numerous high-performance data centers are online after attacks. Evidence points to crypto mining. After the attacks on various high-performance data centers of research institutions, there is speculation about the background. While British media reports suspect a possible connection with current research on Covid-19 vaccines, the security team of the European Grid Infrastructure (EGI) foundation reports on attacks that abuse the research infrastructure for mining cryptocurrency. Dieter Kranzlmüller from the Leibniz Computing Center of the Bavarian Academy of Sciences (LRZ) considers this explanation too simple. Data centers shut down It was…

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Onecoin: News from the biggest crypto scam so far

One of the co-founders of the alleged cryptocurrency Onecoin appears to have been in custody in the United States for a long time. The brother of the “crypto-queen” continues to cooperate with the US authorities and says: There was never a blockchain. Onecoin money launderer Mark Scott wanted to treat himself again. In early March, he was observed eating out with his bodyguards in Florida. “Living the high life,” wrote the investigative portal Inner City Press. But freedom didn’t last long. The lawyer was first ordered to prison, and now…

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