Hellbent On Destroying Bitcoin: China Shuts Down More Companies Enabling 'Crypto Trading Activities'

Two financial watchdogs in Beijing, the Beijing Local Financial Supervision and Administration Bureau and the Business Management Department of China’s Central Bank (PBoC) are shutting down firms that offer cryptocurrency-related services that enable crypto-trading. According to their joint statement, both regulators are implementing the crackdown on virtual currency transactions as […]

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‘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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