cryptocurrency

Over 1,000 Cryptocurrency Rigs Destroyed By Malaysian Authorities Using A Steamroller

Authorities in Malaysia have destroyed 1,069 cryptocurrency rigs after they were confiscated in raids earlier this year. A steamroller was used to crush the hardware in the city of Sarawak, after the electric utility company of the Malaysian province accused the mining operators of stealing electricity for their activities.

The operators allegedly stole RM8.4 million ($2-million) worth of energy from the company. Authorities say the operation was scattered across four locations and six suspects have been arrested, between the ages of 24 and 64. The police chief of Sarawak says mining operations are becoming rampant in the city, and three

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Bitcoin (BTC) falls below $30,000 as cryptocurrency market plunges

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021.

Dado Ruvic | Reuters

The price of bitcoin dropped below $30,000 late Monday night for the first time since Jun. 22, dragging other digital coins lower with it.

Bitcoin is trading in the $29,000 range, about 3% lower on the day, according to Coin Metrics. Ether is down 1.25% and XRP fell 4%. Even with the plunge bitcoin is up 2.3% for the year, according to CoinDesk data. Ether and XRP are both up about 140% for the year.

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Israel says it’s targeting Hamas’ cryptocurrency accounts

JERUSALEM (AP) — Israel said Thursday it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing.

Israeli Defense Minister Benny Gantz ordered security forces to seize the accounts after a joint operation “uncovered a web of electronic wallets” used by Hamas to raise funds using bitcoin and other cryptocurrencies, the ministry said.

It said Hamas has been waging an online campaign to raise donations for its military wing, efforts that accelerated after the 11-day Gaza war in May. Cryptocurrencies such as bitcoin are favored for illicit transactions because they are perceived

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Warren asks SEC to take closer look at cryptocurrency exchanges

Sen. Elizabeth WarrenElizabeth WarrenWarren slams Wells Fargo decision to close customer credit lines Schumer warns August recess in danger as infrastructure work piles up The Hill’s Morning Report: Afghanistan’s future now up to Afghans, Biden says MORE (D-Mass.) is asking the Securities and Exchange Commission (SEC) to assess the effect of cryptocurrency exchanges on U.S. financial markets and the risks they could pose to consumers.

In a letter released Thursday, Warren asked SEC Chairman Gary GenslerGary GenslerHillicon Valley: Warren asks SEC to take closer look at cryptocurrency exchanges | Maryland town knocked offline as part of massive

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Man at Center of Cryptocurrency Scam That Stole $16M Gets 15 Years in Prison

A Swedish man who stole over $16 million in cryptocurrency as part of a bogus investment scam was sentenced to 15 years in federal prison on Thursday.

Roger Nils-Jonas Karlsson, 47, convinced at least 3,575 people to invest in a fraudulent scheme called “Eastern Metals Securities” and send him funds in the form of Bitcoin and other cryptocurrencies that he then used for his personal enrichment, according to the Department of Justice (DOJ). He pleaded guilty to charges of money laundering, securities fraud and wire fraud on March 3.

“The investigation into Roger Karlsson’s fraud uncovered a frighteningly callous scheme

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Israel says it is targeting Hamas’s cryptocurrency accounts | Crypto News

Israel says it ‘uncovered a web of electronic wallets’ used by Hamas to raise funds using Bitcoin and other cryptocurrencies.

Israel has said it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing.

Israeli Defence Minister Benny Gantz ordered security forces on Thursday to seize the accounts after a joint operation, the ministry said, “uncovered a web of electronic wallets” used by Hamas to raise funds using Bitcoin and other cryptocurrencies.

It added that Hamas has been waging an online campaign to raise donations for its military wing, efforts that accelerated

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Top 10 Cryptocurrency Trends in 2021 Everyone Should Know



by Priya Dialani

June 25, 2021

A list of top 10 cryptocurrency trends shaping the future of finance.

2020 was a remarkable year for cryptocurrency as COVID-19 accelerated the digital transformation. No doubt, 2021 is also witnessing major breakthroughs and achievements as cryptocurrency trends are shaping the future of finance. We are halfway through 2021, but new developments in the crypto world are emerging each day. In the next six months, we can expect more crypto adoption and top cryptocurrency trends ruling the crypto space.

If you are a crypto enthusiast, you should know the top crypto trends for better

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U.K. Police Seize $160 Million In Cryptocurrency In Money Laundering Investigation

Topline

British detectives seized around £114 million (around $158 million) worth of cryptocurrency as part of an ongoing money laundering investigation, the U.K.’s Metropolitan Police force announced Thursday, marking the largest ever seizure of crypto assets in the U.K. and one of the largest in the world. 

Key Facts

The force, which did not reveal what cryptocurrencies had been confiscated, said the seizure was carried out by detectives in its Economic Crime Command “on the back of intelligence received about the transfer of

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bitcoin price today: Top Cryptocurrency Prices Today: Bitcoin, Binance Coin up; Dogecoin surges 25%

New Delhi: Major cryptocurrencies were trading higher on Friday. Eight out of the top 10 digital tokens were trading with solid gains at 9.30 hours IST, led by Dogecoin which gained as much as 25 per cent.

The heads of some of the world’s biggest cryptocurrency exchanges say Bitcoin miners are shifting operations out of China as authorities intensify their crackdown on the space.

China’s moves had injected uncertainty into the cryptocurrency market and helped pull Bitcoin down to the lower end of its recent trading range, with the coin briefly falling below $30,000 this week after having reached nearly

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