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Huobi Processed 50% of All PlusToken Withdrawals This Month: Report

[ad_1] Chinese crypto exchange Huobi has seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken to date, new research says.Chinese exchanges prevailNew York-based blockchain infrastructure firm Elementus released a study on Aug. 23, claiming that the number of PlusToken withdrawals sent to Huobi exchange has accounted for nearly 50% so far.As Cointelegraph reported earlier in August, PlusToken apparently began a mass sell-off of Bitcoin (BTC) that
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Crypto News From the German-Speaking World: Week in Review

[ad_1] The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed robbery.On Aug. 16, the BaFin published a leaflet for issuers of crypto tokens that
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Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

[ad_1] Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies.In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that this is the first compliance alerts solution available for 15 crypto assets.Compliance risk mitigationThe tool
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Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

[ad_1] Saturday, Aug. 24 — crypto markets continued to see red today as Bitcoin (BTC) has dipped below $10,000 price mark several times over the past 12 hours.Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano (ADA) and NEO (NEO), which are up 1.3% and 2.6%, respectively.Market visualization | Source: Coin360BTC fights to hold $10K supportBitcoin
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US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

[ad_1] The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals.Terms of settlementAccording to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as part of the settlement.In March 2018, the FTC first obtained a court order against Thomas Dluca,
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Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long

[ad_1] Nowadays, it seems everyone is bearish on Ethereum and its Ether token (ETH) except for Placeholder VC partner Chris Burniske, who, earlier this week, made the case for why he believes ETH/USD is a great long-term investment. According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its use case is not entirely accurate. Rather, he posits that Ether is going through its
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US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

[ad_1] A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine.Possible life sentenceNews outlet U.S. News reported on Aug. 23 that 25-year-old Kunal Kalra has pleaded guilty to charges including money laundering and distributing methamphetamines. Per the report, he could be sentenced to life in prison.The authorities allegedly claim that from 2015 through 2017 Kalra exchanged BTC and dollars, ran
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This Week in CT Spain

[ad_1] As many of our readers probably know, Cointelegraph has a number of non-English branches, each covering news from different parts of the world. In pursuit of the most complete and detailed picture of the global cryptocurrency industry, we present a series of weekly compilations of the freshest original articles from our colleagues, starting with Cointelegraph in Spanish.On Aug. 22, Cointelegraph in Spanish spoke with Daniel Pons Ayala, founder and CIO
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Poloniex Pledges to Reimburse Flash Crash Losses, Victims Displeased

[ad_1] When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of May, when the value of a lesser-known crypto asset, CLAM, experienced a sudden, sharp crash. This resulted in the generalized loss of approximately 1,800 Bitcoins (BTC).In what is its second attempt to make things right, Poloniex
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Ex-Morgan Stanley Exec Joins His Former Colleagues at Shenzhen Crypto Firm

[ad_1] Former Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined Amber Group, a Shenzhen-based cryptocurrency company.As Bloomberg reported on Aug. 23, Wang will operate out of Vancouver as the head of Americas for Amber. According to the article, he previously worked at Morgan Stanley with four out of the five Amber’s founders, and two of them — Wayne Huo and Tony He — used to report directly to