277 Chinese Arrested for Crypto Scam in Philippine Special Economic Zone

China and the Philippines are working to uncover a cryptocurrency scam involving hundreds of Chinese nationals. | Image: Shutterstock 277 Chinese Nationals have been arrested following a raid led by the Philippine Bureau of Immigration in Pasig city on Sept. 11. Crypto Scam Targets Philippines Acting on a tip from China, the Philippines is investigating […]

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3 Oil Stocks Strike as Biggest Pre-Market Gainers as Trump Drills Pipeline Approvals

Upstream oil stocks are pumping hard.| Source: Snapinadil/Shutterstock The warning by President Donald Trump that the U.S. is “locked and loaded” ready to attack Iran over suspicion that it was behind the drone attacks on refineries in Saudi Arabia not only sent crude oil prices surging but also saw upstream stocks climbing. In a tweet, […]

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Gold Price Makes Comeback Rally Over Mideast Tensions

Gold’s price rallies back above $1,500 a troy ounce on Monday. | Image: Shutterstock Gold’s price staged a large relief rally on Monday, as investors’ risk appetite soured following the latest developments in the Middle East. Dow futures also fell sharply ahead of the opening bell in New York, mirroring a subdued market for stocks. […]

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Dow Futures Collapse on Threat of More Devastating Oil Attacks

A satellite image shows an the apparent drone strike on an Aramco oil facility in Saudi Arabia, with the threat of further strikes flaring up. | Source: Reuters Dow Jones Industrial Average (DJIA) futures collapsed in early trading Monday after drone strikes in Saudi Arabia devastated the oil market. Two attacks on Saudi oil sites […]

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Facebook Crypto Libra Faces Grilling From 26 Central Banks Today

Over two dozen central banks will question Facebook over its stablecoin crypto Libra in Switzerland today. | Source: Shutterstock Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the […]

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US Sanctions Three Alleged Crypto Hacking Groups from North Korea

The U.S. has sanctioned three North Korean entities for cyber crimes, mentioning cryptocurrency thefts as one of the reasons for the action. In a Sept. 13 announcement, the U.S. Department of the Treasury identified the Lazarus Group, Bluenoroff and Andariel as entities now on its the sanctions list, who are believed to be responsible for […]

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Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund, the company said. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. Co-founder and CEO Neil Bergquist told CoinDesk that […]

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Neufund Gets Nod from Liechtenstein Regulator for Token Offerings

Fintech startup Neufund has begun launching public offerings on its tokenized equity platform after receiving clearance from a financial regulator in Liechtenstein. On Monday, the startup announced retail-grade public offerings of tokenized equity. With minimum ticket sizes as low as 10 euro, co-founder and CEO of Neufund Zoe Adamovicz said Neufund remarked that the firm […]

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Bitcoin Price Indicator May Signal Next Leg Higher

History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally. The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the […]

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Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that more than 600,000 powerful new machines may have come online in the last three months. According to data from crypto mining pool BTC.com, bitcoin’s two-week average hash rate has crossed another major threshold, reaching 85 exahashes per second (EH/s) around […]

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