Thousands of OTC Bank Accounts Frozen in China

Chinese authorities have frozen thousands of OTC traders’ bank accounts who own digital currencies, cash, as well as the commonly used Tether stablecoin, in a major move against illegal activities including money laundering.   The government has frozen around 4,000 bank accounts since June 4. The police are suspecting that some of these accounts have been...

Is The $3 Billion Ponzi Scheme To Blame For The Recent Bitcoin Slump?

Dovey Wan, the founding partner of the blockchain-based investment company Primitive Ventures, has made waves throughout the crypto industry by releasing the information which connects the China-based wallet PlusToken to the recent slump in bitcoin prices. After the world’s biggest digital coin created an 18-month high just below the $14,000 handle in June, it started...