Day: October 13, 2018

Bitcoin Scam: Thailand Police Finally Nabs Kingpin in Popular Cryptocurrency Scam

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Thai authorities have arrested a prime suspect involved in a cryptocurrency scam worth 797 million baht. Details of the Arrest The Thailand Police arrested Parinya Jaravijit, elder brother of Thai actor, Jirapisit “Boom” Jaravijit, on October 11 (Thursday), at the Suvarnabhumi Airport. Parinya was afterward brought before the Ratchadapisek Criminal Court on October 12 his detention application. His detention will last for 12 days, starting from today, October 12, through October 23. According to The Nation, the suspect’s family and his lawyer earlier prepared assets worth Bt20 million for Parinya’s…

Scam Victim Loses Claim Against Canadian Bitcoin ATM Firm

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A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit. Also read: Funny New Advert Shows Bitcoin Is on Google’s Mind ‘Unfortunate Victim of Sophisticated Fraud’ “It’s most unfortunate that she was victim of such a sophisticated fraud,” judge Orr is quoted…

Crypto and Cannabis | CCG

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Unless you’ve been investing from under a rock, you know the two hottest investments of the past two years have been cryptocurrency and legal cannabis. But have you considered what these markets have in common? A few things, actually. They’re both brand-new markets considered to be alternative investments. They’re both being driven by hype and speculation. And both seem to appeal to younger investors. But these markets have something else in common that many investors overlook… Mining for cryptocurrency and growing cannabis are both massive energy users. You’ll see in…

Gemini Announce Litecoin Support, Boost Bulls

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Despite Gemini support and yesterday’s two percent gain, sellers are in control. In fact, we may see prices sliding below $50 confirming the trend resumption phase of the bear break out pattern that begun in early August. Generally, we are bearish but this could change if Litecoin find support and we see a pump towards $70. Latest Litecoin News It’s true that Litecoin co-founder Charlie Lee is never shy of the cameras. Sometimes he can be controversial but more often than not, he fires back with sense. That’s admirable. Though…

Tron React to Partnership News as Gemini Supports Litecoin

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Overly, bears are in control. Despite the recoveries especially in Tron, Litecoin and EOS, sellers should be actively unloading at spot rate. Tron prices are buoyant because of Justin Sun shills but could crash if the said partnership doesn’t meet the community’s expectations. Furthermore, there are news of Gemini accepting Litecoin deposits beginning today. This is positive for price. Even if trading begins three days later, it could inject extra liquidity from investors keen on regulation and insurance. Let’s have a look at these charts: EOS Price Analysis Often, the…

South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

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The chairman of Korea’s Financial Services Commission Choi Jong-koo has reaffirmed his negative position on digital currencies and Initial Coin Offerings (ICOs), Business Korea reported Oct. 11. Choi spoke at a parliamentary audit session of the commission held at the National Assembly. South Korea prohibited ICOs in September last year, stating that such a type of fundraising is “almost a gamble.” This August, Korean lawmakers, including participants from government ministries, returned to the cryptocurrency issue, focusing on repealing the country’s ICO ban. Lawmakers agreed on the need to develop a…

Distributed Ledger Technology Has ‘Huge Potential’

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The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia Oct. 11. Kim addressed the importance of fighting poverty while boosting prosperity, pointing out that “there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption.” Kim said:…