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Fmr. Macau Gangster Raises $750 Million in 5-Minute ICO

An initial coin offering (ICO) operated by a little-known company in China and backed by a former Macau gangster raised $750 million in less than five minutes. The South China Morning Post reports that World Hung Mun Investment — led by former 14K Triad gangster “Broken Tooth” Wan Kuok-koi — sold 450 million “HB” tokens The post Fmr. Macau Gangster Raises $750 Million in 5-Minute ICO a...
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Coinbase Additions, Enterprise Patents, and Massive Hacks: This Week in Crypto

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The Bitcoin Podcast by CCN on iTunes or wherever you get your podcasts. Price Watch: Bitcoin fell nearly 8% this week after jumping above $6,800 early this week. The market The post Coinbase Additions, Enterprise Patents, and Massive ...
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World Cup: Chinese Police Crack Down on $1.5 Billion Bitcoin Gambling Ring

Chinese police in the city of Guangdong have arrested hundreds of individuals involved in online gambling platforms that facilitated betting with $1.5 billion in cryptocurrencies including bitcoin. A sweeping law enforcement operation involving 21 public security authorities in Guangdong has cracked down on organized football gambling during the ongoing football World Cup, resulting in the The pos...
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Chinese Central Bank Official Pledges ‘Vigilance’ to Stamp Out Foreign ICOs

The People’s Bank of China committee charged with regulating cryptocurrencies recently gathered to discuss the next phase in their plan. China hasn’t wavered in its commitment to control cryptocurrencies within its territory — the country shocked the world when it announced a ban on all ICOs, deeming them illegal, back in September 2017. Not too The post Chinese Central Bank Offi...
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“Experts” Fear China Losing 90% Control Over Bitcoin Market, Forgetting Gov’t Ban

According to Express, the government of China has confirmed that the country’s control over the global bitcoin exchange market has fallen from 90 percent to 1 percent. The UK publication also noted that “experts in China fear losing control” over the cryptocurrency exchange market. Never Was 90%, Obvious Drop to 1% The absurdity of local The post “Experts” Fear China Losing 90% Control Over Bitcoi...
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Chinese Police Arrest Malware Developers Who Hacked $2 Million in Crypto

The developers are responsible for hacking millions of computers to hack a total of $2 million in cryptocurrencies. Computers were initially infected with a mining program and a mining monitoring software — whenever the latter detected CPU utilization below 50%, the former would silently start mining in the background. The cycle was repeated endlessly, with The post Chinese Police Arrest Mal...
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