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Pump and Dump in Crypto: Cases, Measures, Warnings

The pump and dump, an age-old scheme to quickly raise the value of a worthless asset and then selling it to reap the profits from the price increase. Not only is the pump and dump illegally under the securities laws, but it is also extremely popular in the world of Blockchain technology, cryptocurrency, and digital assets.How does it workIn a pump and dump scheme, the price of a worthless asset-us

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 23

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTCexchange.Sanction-hit Venezuela started the pre-sale of its oil backed cryptocurrency Petro on Feb. 20. Just a da

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Polish Ministries Of Foreign Affairs And Finance Refute Interest In Venezuela’s Petro

Poland’s Ministries of Finance and Foreign Affairs refuted rumors of Polish interest in trading with Venezuela in the country’s newly-launched Petro coin, Polish news outlet Gazeta.pl reports Friday, Feb. 23.Venezuelan government-sponsored news outlet TeleSur reported in early February that the new cryptocurrency had found foreign investors, including Poland, who were interested in receiving P

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UK: Bank of England Researching Digital Currency, No Plans To Launch

Despite rumours to the contrary, the UK government have announced that they will not be following the likes of Venezuela in launching their own digital currency for now. Whilst the Bank of England are indeed studying the implications of centrally-issued electronic currency, a government minister has stated that there are no plans in the immediate future to launch their own.Government Respond to Op

Maduro Asks Venezuela’s Banks to Mine and Use Cryptocurrency – Unions Outraged

Featured Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional.Also read: Indians Look to

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Turkey Considers National Crytpocurrency in the wake of El Petro

Statements from both Iran and Turkey suggest that the two countries are about to launch a national cryptocurrency, stressing the need for strong regulation.Following in the Wake of El PetroAs Venezuela’s El Petro raised over $700 million dollars in its first round of private funding, President Modoru took the podium the next day to announce the countries follow up, Petro Gold.Instead o

Venezuela Orders Government Services to Accept Any Cryptocurrency

Featured Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold.Also read: Indians Look to Buy Bitcoin O

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Tezos Foundation Reorganizes, Gevers Steps Down

After months of infighting between the organizers of Tezos, a blockchain project currently in development, and the Tezos Foundation, a Swiss nonprofit that controls the project’s pursestrings, the two remaining original members of the Foundation have “voluntarily” resigned. This means that since December, the entire three-person board has been replaced.According to an announcement by the Tez

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Taiwan: Suspects in $100k Bitcoin Robbery Arrested

Four men have been arrested in Taiwan in connection with a Bitcoin robbery. During the incident, the suspects were able to make off with Bitcoin worth over 5 million Taiwanese dollars – the equivalent of around US$170,000. Authorities have deemed it the first case of Bitcoin robbery in the nation.Suspects Posed as Potential Buyers of BitcoinAccording to local authorities, the victim was lured to

Crypto Markets Continue Experiencing Slump, BTC Dips Below $10,000

Crypto markets have continued their slump, with Bitcoin (BTC) briefly dipping below $10,000 today, Feb. 22, and altcoinEthereum (ETH) edging closer to $800, according to data from CoinMarketCap.Total market cap is down as well, around $430 bln by press time, down from last week when it broke $500 bln.Bitcoin is currently trading a little over $10,000, down almost 7 percent over a 24-hour period by

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