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FBI Warns of Rising Government Impersonation Scams Demanding Crypto

The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency…

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Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines

Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district…

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Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison

Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York.…

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70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says

A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in…

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Crypto Exchange Bybit Announces Trading Support for Overseas Chinese

Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities…

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Semler Scientific Expands Bitcoin Holdings, Acquires 247 More BTC

Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technology aimed at fighting chronic diseases, has expanded its bitcoin portfolio by acquiring an additional 247 bitcoins for $17 million, inclusive…

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American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions

The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The…

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Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology

Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was…

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