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Article by Steve Kaaru

BitConnect founder indicted over $2.4B Ponzi scheme has vanished: SEC
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7 March, 2022

BitConnect founder indicted over $2.4B Ponzi scheme has vanished: SEC

The U.S. securities regulator says Satish Kumbhani can’t be located and has likely relocated from his homeland India to an...
Israeli authorities seize digital assets tied to Hamas terror group
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7 March, 2022

Israeli authorities seize digital assets tied to Hamas terror group

According to the country’s Defense Ministry, the seizure has dealt a big blow to the group which has turned to...
South Korea to invest $187M in a national metaverse ecosystem
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3 March, 2022

South Korea to invest $187M in a national metaverse ecosystem

South Korea’s Ministry of ICT, Science, and Future Planning will also conduct community-oriented creative activities and hackathons to attract talent.
UK fast-tracks new law giving gov’t more power to seize digital assets
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2 March, 2022

UK fast-tracks new law giving gov’t more power to seize digital assets

The U.K. parliament is pushing for the passing of a new economic bill that will give the government greater power...
Zhejiang province hikes energy costs for miners as China doubles down on sector
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2 March, 2022

Zhejiang province hikes energy costs for miners as China doubles down on sector

Despite a countrywide ban on block reward mining, Zhejiang has become the latest province to implement an electricity hike for...
BitConnect founder indicted over $2.4B Ponzi scheme, faces 70 years in prison
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2 March, 2022

BitConnect founder indicted over $2.4B Ponzi scheme, faces 70 years in prison

A San Diego court charged Satish Kumbhani with wire fraud, conspiracy to commit commodity price manipulation, and international money laundering.

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