Brazil Opens A Formal Inquiry Into The Country’s Rampant Cryptocurrency Scams

Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil.  Cointelegraph got access to a document that asks for a deep investigatigation into companies like Atlas Quantum (and CEO Rodrigo Marques), Zero10, and Trader…

Continue Reading



South Korean Court Sets Compensation Precedent for Cryptocurrency Exchanges

On September 27, 2019, a South Korean court made a landmark ruling concerning local cryptocurrency exchange Coinone which could affect the way exchanges function going forward.  According to local news coverage of the filing, the Seoul Southern District Court wants the exchange to cover losses that occurred due to loopholes in its security policy. In…

Continue Reading



Bitcoin in Africa: Offering ‘New and Better Ways of Exchanging Value’

With each passing day, more and more Africans are discovering cryptocurrencies. As a result, bitcoin and other cryptocurrencies are finding real use cases in African countries. African countries, such as Nigeria, have been reported to have among the highest search rates for the keyword “Bitcoin.” A significant reason behind this increasing interest in cryptocurrency is…

Continue Reading



Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire

Protestors set fire to paramedic-turned-bitcoin entrepreneur Sphelele “Sgumza” Mbatha’s home, following the collapse of his Ponzi-like “investment scheme,” according to Ladysmith Gazette. Mbatha’s company, Bitcoin Wallet, promised investors 100-percent returns by investing South African rand in cryptocurrencies. Before shutting down the operation on July 4, Mbatha was believed to have been taking in more than…

Continue Reading