‘Bitcoin King’ Arrested For Allegedly Embezzling $300 Million

A report from Coindesk has revealed that Brazil’s ‘Bitcoin King’ Claudio Oliveira was arrested for allegedly embezzling $300 million. An official press release showed that the rest had come after law enforcement agents had carried out a three-year-long investigation. Law enforcement had been investigating the alleged fraudulent company founded by […]

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PBoC's Beijing Office Cracks Down on Software Provider on Suspicion of Offering Crypto Services

Reiterating their stance on privately-issued cryptocurrencies, the Business Administration Department of the PBoC—China’s central bank, has “rectified” Beijing Tongdao Cultural Development Co. Ltd, as per sources on July 6. Beijing-based Software Provider Banned The software provider is suspected of offering services enabling cryptocurrency transactions against the directives of the PBoC, […]

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Marshall Wace hedge fund giant to reportedly dive into crypto

Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment. The hedge fund firm is preparing to launch a dedicated portfolio targeting investments in the digital asset industry, the Financial Times reported Tuesday. Citing anonymous people […]

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