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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North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

State-sponsored attacks on exchanges and banks generated considerable revenue under sanctions, new report claims. North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations.UN: Hacked crypto funds weapons of mass destructionIn a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of government funding. “Democratic People’s Republic of Korea…

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Scam IRS Letters Trying to Trick Cryptocurrency Users to Pay Up

Scam IRS Letters Trying to Trick Cryptocurrency Users to Pay Up

Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds. Scam letters purporting to be from the United States Internal Revenue Service (IRS) are trying con cryptocurrency taxpayers and others out of their funds.According to a Forbes report published on Aug. 5, bogus letters are attempting to capitalize on the public’s lack of familiarity with legitimate IRS correspondence and soliciting payments by…

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