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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million

Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar…

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Russian Law Requires Election Candidates to Disclose Their Crypto Assets

The Russian parliament has adopted a new law obliging persons running for office to present information about their digital asset holdings. The legislation will amend a number of acts and…

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Thailand Adopts Rules Restricting Cryptocurrency Payments From April

Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only…

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Wex Exchange Co-Owner Reportedly Detained in Russia

Authorities in Russia have arrested a crypto entrepreneur associated with an unidentified cryptocurrency exchange who is suspected of embezzling funds and property. According to a media report, the detained person…

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Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining

Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station,…

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US Fintech Firm Acorns Adds Crypto Exposure Investing via Proshares Bitcoin ETF

The American financial technology (fintech) firm Acorns has announced customers now have the option to add bitcoin exposure via the Proshares Bitcoin Strategy ETF (BITO). Acorns’ clients can now allocate…

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