Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus — Analysts

Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus — Analysts

As Bitcoin seriously underperforms over the weekend, concerns are rising that progress is being hampered by the PlusToken scammers. Bitcoin (BTC) began its sudden crash due to another giant sell-off from the PlusToken pyramid scheme, analysts are suggesting as BTC/USD lost $8,000 support.According to various online commentators citing Blockchain data, participants in the $2.9 billion scheme are again attempting to rid themselves of their BTC.Mixer moves likely mean sellingErgo, the Twitter account that closely…

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US SEC Charges Convict and Associates for $30M Fraudulent ICO

US SEC Charges Convict and Associates for $30M Fraudulent ICO

The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent initial coin offering. The United States Securities and Exchange Commision has charged a group of criminals, who raised over $30 million through a fraudulent initial coin offering (ICO).Per a Jan. 12 press release, the SEC charged convicted Boaz Manor, his business associate, and two companies, CG Blockchain Inc. and BCT Inc. SEZC, with violating the antifraud…

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Researchers: Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

Researchers: Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

A Bitcoin sell-off by Chinese Ponzi scheme PlusToken is not the cause of the recent price drop, researchers concluded. Bitcoin’s (BTC) recent price drop has not been caused by Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme PlusToken, according to researchers at crypto analytics firm TokenAnalyst. Crypto analytics firm: PlusToken cannot be the cause As Bloomberg reports on Aug. 15, co-founder of London-based cryptocurrency analytics firm TokenAnalyst, Sid Shekhar, said that a Bitcoin dump by…

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