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Bitcoin and the crypto ecosystem has been branded wild west by the prominent MP’s in the UK. Also calling for the FCA to begin regulation of the current crypto markets, a report released by the parliament outlined the possible benefits which could result from responsible application of regulation. “It’s unsustainable for the Government and regulators to bumble along issuing feeble warnings to potential investors, yet refrain from acting…At a minimum, regulation should address consumer protection…

98 suspects have been charged by the Chinese authorities amid involvement in the OneCoin Ponzi scheme. The scheme has left hundreds of thousands stuck, with criminals hauling well over $2.3 billion in china alone. As far as Ponzi schemes go many have not yet exceed the scale of the MMM scheme. While MMM may have been big in African countries having duped millions of investors of billions of dollars, OneCoin has emerged as the latest…

JP Morgan Chase becomes one of the big three banks to close their doors to crypto. While not all bitcoin and crypto purchases will be prevented, credit card users will bear the brunt of the force. Credit card purchases of Bitcoin will no longer be allowed as banks begin their clampdown. This was further echoed by Halifax, MBNA, Lloyds and RBOS also closing their doors to bitcoin in the UK. As seen below, bitcoin prices…

The Brexit has been one of the biggest political events of the century. Affecting global communities and economies, the brexit has particularly hit South African, Nigerian and Asian communities. The pound dropping considerably hasn’t help either as remittances are much more costly or are estimated to take longer now that the UK will be revoked access to the united free market. “Maybe migrants [in the UK] will work harder to make up some of that…