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SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors

The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these…

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Arthur Hayes Predicts Bitcoin’s Worst-Case Scenario: A Drop to $50,000

Bitcoin slipped to under $56,000 on Wednesday, continuing its downtrend. In a worst-case scenario, the world’s largest crypto asset could gradually decline to $50,000, according to Arthur Hayes, co-founder and…

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Seven Arrested in Malaysia for Bitcoin Mining Electricity Theft; 52 Rigs Seized

Malaysian officials have arrested seven people for suspected bitcoin mining operations that involved stealing electricity. The local media, Bernama, reported that the detainees include three Malaysians and four foreigners, who…

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Beware of Scams: BlackRock Confirms No Social Media Investment Solicitations

American multinational investment giant – BlackRock – has recently reported a significant increase in investment-related scams, particularly those that direct individuals to crypto investment websites or social media platforms like…

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Riot Platforms Acquires Block Mining for $92.5M, Expands Hash Rate and Market Reach

The leading American Bitcoin mining company – Riot Platforms – has acquired the Kentucky-based firm Block Mining in a transaction valued at $92.5 million. The deal, announced on July 24,…

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