Monthly Archives: April 2020

FBI: Cybercrime Reports Increased by 2 to 3 Times Amid COVID-19

The FBI’s Tonya Ugoretz estimated cybercrime reports have more than tripled amid the coronavirus pandemic. Speaking as part of an online panel hosted by think tank, Aspen Institute, Federal Bureau of Investigations, or FBI, deputy assistant director, Tonya Ugoretz, revealed that the number of cybercrime reports received by the agency has more than tripled amid the COVID-19 pandemic.  “Whereas they might typically receive 1,000 complaints a day through their internet portal, they’re now receiving something like 3,000 to 4,000 complaints a day,” stated Ugoretz, adding: “Not all […]

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Bank Of China Says Digital Yuan Will Not Cause Inflation

Central Bank of China claims that digital Yuan will not cause inflation. The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work.  A bank representative confirmed on the China Central Television on April 19 that the new digital currency (also referred to as DC/EP, for “digital currency/electronic payment”) pilot test has been carried out in the cities of Shenzhen, Suzhou, Xiongan new area, […]

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Making Money on Lockdown: 5 Effortless Ways to Earn Cryptocurrencies Online

The various government responses to the coronavirus caused a lot of havoc across the global economy and millions of people are now out of work. A number of nation states have not lifted the lockdowns and no one’s really sure when the slew of shutdown industries will open again. While people are out of work they might find interest in the multitude of methods available that individuals can use to earn digital currencies online. The following is a comprehensive list of how to safely earn cryptocurrencies on […]

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14 Chinese Men Arrested in Malaysia for Bitcoin Scam

Malaysian authorities have arrested 14 Chinese men for operating a Bitcoin investment scam and violating the Immigration Act. Malaysian police have arrested 14 Chinese men for their involvement in a Bitcoin (BTC), scam targeting investors in their home country. Assistant Commander, Dzulkhairi Mukhatar, stated that the arrests took place on April 18, following two-months of surveillance. All of the suspects are aged between 20 and 30, three of whom do not have “valid travel documents,” according to the officer.  Malaysian police arrest crypto scammers targeting China The […]

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Bitcoin Correction Fears, Libra U-Turn, Maker Sued: Hodler’s Digest, April 13–19

Bitcoin shows signs it is vulnerable to a severe correction, Libra embarks on a massive U-turn to woo regulators, and Maker slapped with a $28-million lawsuit. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Weekend trap? Bitcoin hits $7,300 in attempt to finally break out At the start of the […]

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Hobbyist Miners Are Exempt From Tax in Singapore

Singapore’s tax authority has updated its guidance regarding digital tokens, exempting “hobbyistâ€� miners from taxation. The Inland Revenue Authority of Singapore, or IRAS, issued updated tax guidance for digital tokens on April 17. The guidelines concern payment tokens, utility tokens, security tokens, and tokens issued through initial coin offerings, or ICOs. Fluctuations in the value tokens held by miners, ICO issuers, businesses, and individuals are not taxable or deductible unless realized. Businesses handling tokens receive usual treatment Despite emphasizing that payment tokens are not legal tender, Singapore’s […]

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TD Sequential Flashes 9, Hinting at a Drop for Stocks & Bitcoin Price

The U.S. stock market is at a major pivotal point as the TD Sequential indicator has lit up, suggesting a possible sell off in major markets and correlated assets like Bitcoin. The U.S. stock market is at a major pivotal point as a TD9 sell indicator has lit up while the Dow Jones remains at the 0.618 Fibonnaci level. There is a strong possibility that a pullback of equities would translate to increased selling pressure on Bitcoin. Fibonacci and TD9: a brutal combination for predicting corrective phases […]

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CZ Slams IPOs at BlockDown 2020 Conference

Binance CEO Changpeng Zhao criticized venture capital fundraising while speaking at the BlockDown 2020. Binance founder and chief executive, Changpeng Zhao, took aim at initial public offerings, or IPOs, and venture capital fundraising while speaking at the recent BlockDown 2020 conference. Despite the recent decline in crypto investment, Changpeng Zhao, or CZ, expressed confidence that the blockchain fundraising markets will produce exponential growth in the coming years, emphasizing the boom and bust cycles of investment into other tech industries. IPOs leave the public ‘holding the bag’ Speaking […]

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The Stimulus Cover Up: Small Businesses Cheated, Corrupt Covid-19 Stats, Crony Benefits

Last week thousands of Americans have been reporting that they received their stimulus check, while many people have been having issues with the system. Moreover, the Coronavirus Aid, Relief & Economic Security (CARES) Act has not been able to cover everyone and the Small Business Administration’s (SBA) coronavirus relief program was recently drained in minutes. American bureaucrats made the section flexible enough to allow much larger businesses and wealthy individuals to reap the SBA’s designated funds for covid-19 relief. The CARES Act: ‘A Massive Wealth Transfer from […]

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Investor Sues Bitstamp and Gatehub Over Millions in Missing Coins

Gatehub and Bitstamp are facing lawsuits from a Canadian investor over $4.9 million in alleged losses resulting from misleading info. Canadian cryptocurrency investor, Salim Satir, has filed a lawsuit against cryptocurrency exchanges, Gatehub and Bitstamp, with the High Court of Justice of England and Wales over $4.9 in purported losses. The plaintiff claims that the losses resulted from misleading statements on Gatehub’s website purporting to detail its Bitcoin (BTC) to Ripple (XRP) trading function, in addition to the wrongful retention of 872 Bitcoin Cash (BCH) amid the […]

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