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Chinese officials shut down an online gambling ring that had accumulated $1.5 billion in bets made on World Cup matches using cryptocurrencies like ethereum, bitcoin, and litecoin.
According to new data from New York-based law firm Foley and Lardner, a group of insiders say that among cryptocurrencies like bitcoin, Dash, and Monero, they believe ethereum to be the best bet.
Gorgeous women, Vladimir Putin, and fluffy buzzwords: 6 clues the blockchain project you’re thinking about investing in is a scam
"Sometimes they'll use models to make fake LinkedIn accounts. When you go to check out who's involved in the company, you'll see photos of all of these beautiful people."
The SEC has received nearly 200 pages of complaints about Coinbase, the $1.6 billion cryptocurrency trading platform
Among the most egregious allegations found in a number of complaints filed with the SEC are the claims that Coinbase "stole" cryptocurrency holdings from its users, repeatedly ignored customer complaints regarding missing funds, and systematically defrauded its customers.
South Korean news editor Yonhap said prosecutors raided the country's biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud.
Credit Suisse has lost a star trader to crypto exchange Kraken.
Barclays found "clear parallels" between a theoretical model of a speculative asset and the crypto craze.
Both countries separately issued stark warnings for banks against cryptocurrencies.
The billionaire investment manager reportedly wants to begin trading cryptocurrencies at his $26 billion firm.
Bitcoin investors owe an estimated $25 billion in US taxes, according to Tom Lee, the cofounder of Fundstrat.