Use Caution When Buying Cryptocurrencies, Says CFTC

Investing, News | July 17, 2018 By:

The US Commodity Futures Trading Commission (CFTC) has advised consumers to do their homework before purchasing cryptocurrencies.

In a customer advisory, the CFTC told investors to exercise caution and conduct extensive research before purchasing digital coins or tokens, including those self-described as “utility coins” or “consumption coins.”

“This advisory is part of the CFTC’s education and outreach efforts to help educate and inform market participants,


Cryptocurrency Worth $1.5M USD Seized By Chinese Police During World Cup Gambling Crackdown

Crime, News | July 13, 2018 By:

Chinese authorities have cracked down on an organized soccer gambling during the ongoing World Cup, resulting in the seizure of more than 10 million yuan ($1.5M USD) worth of cryptocurrencies.

In a statement on Thursday, police in southern Guangdong province said that the syndicate’s unnamed gambling platform ran on the dark web and only accepted cryptocurrencies,