15 / 236 Relevant items tagged with #cryptocurrency
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SEC Flags Risks in Crypto and Emerging Tech Investment Scams
[Oct 7 11:30 PM] The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial…
Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto
[Oct 7 11:02 PM] Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”
Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar
[Oct 7 10:30 PM] Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto…
Silver Miners Unlikely to Meet Demand Even if Prices Keep Increasing
Google Trends Shows Soaring Interest in Satoshi Nakamoto Ahead of HBO’s ‘Money Electric’
Bitcoin Hits $64K Mark on Monday, Crypto Market Sees $200M in Liquidations
[Oct 7 5:38 PM] On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive…
Polymarket Sees Shifts in Satoshi Nakamoto Betting Odds Ahead of HBO Film Release
[Oct 7 4:05 PM] With the HBO documentary set to release on Wednesday, claiming to reveal the true identity of Satoshi Nakamoto, Polymarket bettors are actively speculating on who it might be. As of this writing, Len Sassaman, who previously led the wagers, has…
Crypto adoption on track to hit 8% by 2025: Report
[Oct 7 2:05 PM] Institutional interest and economic uncertainty are driving forces behind the accelerated global adoption of cryptocurrencies, according to a report from MatrixPort.
Binance Has Not Complied With 86% of Israel’s Account Block Requests
[Oct 7 10:30 AM] Binance, one of the largest crypto exchanges, has disclosed that it does not automatically comply with account blockages imposed by Israeli authorities. According to reports, the exchange failed to comply with 86% of these requests, as the accounts…
Latam Insights: Bukele Offers Bitcoin Advice to Argentina, Uruguay Passes Crypto Law
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
[Oct 7 3:30 AM] The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support…
Crypto Fraud Ring Dismantled by Vietnamese Authorities
[Oct 7 2:30 AM] Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency schemes. Led by foreign criminals, the group operated from Laos and defrauded victims of tens of billions of dong…
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
[Oct 7 1:30 AM] The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must…
Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform
[Oct 7 12:30 AM] The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind…
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
[Oct 6 10:30 PM] Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that…
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
[Oct 6 7:10 PM] Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean…
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
[Oct 6 4:10 PM] As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago…
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention
[Oct 6 9:30 AM] Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes cryptocurrencies will…
AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation
[Oct 6 4:30 AM] AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $6.6 billion raised would be used to expand its set of tools and raise its computing capacity…
Crypto Ponzi Leader Receives 121-Month Prison Sentence
[Oct 6 2:30 AM] David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom…
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
[Oct 6 1:30 AM] Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with…
Who Is Satoshi Nakamoto? 8 AI Chatbots Take Their Best Guess Ahead of HBO Documentary
Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund
[Oct 5 4:45 PM] Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy…
Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors
[Oct 5 10:30 AM] Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An…
Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report
[Oct 5 9:00 AM] According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October…
4 Arrests, Sanctions Follow Global Operation Against Lockbit Group
[Oct 5 8:30 AM] Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of…
New York Man Pleads Guilty in Crypto-Fueled $25M Money Laundering Case
[Oct 5 7:30 AM] The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug trafficking conspiracy. The organization, led by…
Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds
[Oct 5 5:30 AM] Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of…