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FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

[Sep 6, 2024 2:30 AM] The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve…

Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC

[Sep 5, 2024 9:00 PM] Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price…

XRP Rides High As Major Japanese Exchange Adds Support—Details

[Sep 5, 2024 1:30 PM] Japanese cryptocurrency exchange CoinCheck made headlines with the intention of listing XRP, which is the seventh-biggest digital currency, alongside five other cryptocurrencies. Made on X, this announcement signals a turning point for XRP…

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

[Sep 5, 2024 11:20 AM] The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes…

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

[Sep 5, 2024 5:30 AM] Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need…

Monero (XMR) Unfazed By Market Jitters, Climbs 13% – Details

[Sep 5, 2024 3:30 AM] A strong outlier in the current market situation, Monero (XMR) moves against the broader downturn that plagues the market. According to CoinGecko, Monero gained nearly 13% since last week, putting the coin under the spotlight as one of the…