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Tag Archives: #icx

Tokyo Police Crackdown on Alleged Crypto Pyramid Scheme, Arrest Eight Individuals

As global regulators rush to institute legal frameworks aimed at reducing the amount of fraud and scams that exist within the cryptocurrency industry, a recent series of arrests in Tokyo highlight just how important regulations can be. Earlier today, police in Tokyo arrested eight individuals in connection to an alleged cryptocurrency pyramid scheme that collected approximately $68.42 million in cash ...

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Twitter Implements Scam Safeguards, but Google’s Account Still Gets Hacked

Twitter has been on the losing side of an ongoing battle with scammers who are leveraging the platform’s user base to steal cryptocurrencies. However, the company has revealed that it’s implemented some safeguards in an attempt to reduce the frequency of such scams and better protect its users. Twitter Issues Statement, Implements Scam Countermeasures Twitter, the popular social media platform ...

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Mining Pools Rule, Individual Crypto Mining Deemed No Longer Viable

Although institutional players have continued to throw money at crypto assets and up-and-coming blockchain-focused projects, reports indicate that the mining subset of this industry has faltered, and greatly at that. GPU-Powered Ethereum Mining Now Unprofitable In mid-August, NewsBTC reported that some forward-thinking students, like Penn State grad Patrick Cines, had once sought it advantageous and profitable to set up shop mining ...

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ICON VC Posts Clarification as Dissent from ICX Investors Grows

The ICX investors woke up one morning and found the total circulating supply of their coin increased by 18 percent. Things didn’t go well after that. Many investors took Reddit to complain about the overnight ICX token supply pump. They argued that the team behind the blockchain startup neither published any explanation nor they consulted the community before taking the ...

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Cryptocurrency Trading Update: NEM Back Over $1 Billion Market Cap

Markets are still generally flat; Nem, Zcash, XRP, and Iota climbing, Stellar and MOAC sliding. Red is still dominating most cryptocurrencies this morning as the slow selloff continues. Downward pressure has eased somewhat though and total market capitalization has not fallen that much overnight, it remains above $210 billion for now. Over the past 24 hours Bitcoin has dropped a ...

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Chinese Bitcoin Mining Centers Fear Electricity Cuts as Compliance Issues Loom

Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities operating in China’s Yunnan province. The bureau sought the said businesses to ...

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Cryptocurrencies Will Not Replace or Disrupt Fiat Systems

The People’s Bank of China (PBoC) has shown extreme confidence in the superiority of fiat systems over cryptocurrencies. China’s central bank refused to acknowledge blockchain and its derivatives as catalysts for financial innovation. Stating that no technology was able to disrupt the monetary system, the bureau believed that blockchain would not make any substantial difference in the ways conventional financial ...

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