Tag: cryptocurrency

Aug 04 2021

SEC Chairman: “This Asset Class Is Rife With Fraud, Scams, and Abuse”

August 4, 2021 / Unchained Daily / Laura Shin Daily Bits...

Survey Shows The Most Common Mistakes That Crypto Investors Make

Crypto continues to wax strong as more investors come into the market. Like with any investing, crypto investing comes with its own unique problems. And investors are wont to make mistakes where there is money involved. A recent survey on CryptoVantage has shown the most common mistakes made by investors in the...

Africrypt Wallets Emptied Months Before Collapse Says Liquidator

Reading Time: 2 minutes The court appointed Africrypt liquidator has presented evidence that suggests the company’s wallets were empty months before the alleged hack A private detective has also found the Cajee brothers bought luxury cars, watches, and suits with investors’...

Will the Leverage Trading Rollback Benefit Crypto?

Reading Time: 2 minutes Binance recently followed FTX in dialling back their leverage trading offer from 125x to 20x Leverage trading remains a thorny issue in crypto, with amateurs abusing it to try and get rich quick The reduction in leverage should help reduce the...

Does BSV Still Represent Satoshi’s Vision?

Reading Time: 3 minutes BSV claimed to represent the true vision of Bitcoin creator Satoshi Nakamoto It has focused on big data and government and business adoption in recent months Does it still bear any resemblance to Satoshi’s real vision for Bitcoin? Bitcoin...

Gensler Slams Cryptocurrency “Wild West”

Reading Time: 2 minutes SEC Chair Gary Gensler savaged the cryptocurrency ecosystem yesterday Gensler said that the space was full of “fraud, scams, and abuse” He did praise Bitcoin, saying “it has been and could continue to be a catalyst for change in the fields of...

Aug 03 2021

IT Contractor Caught Crypto Mining at Polish Police HQ

Reading Time: 2 minutes A Polish IT contractor has been fired after using police computers to mine cryptocurrency The contractor upgraded the computers at the Polish National Police headquarters and mined crypto from them In terms of sheer brazenness, this has to go...

Infrastructure Bill Gets Last Minute Makeover

Reading Time: 2 minutes The much maligned Infrastructure Bill is being reworked to be less harsh to the cryptocurrency community Two senators are now on board to help reword the bill which would decimate the U.S. crypto industry The crypto element of the Infrastructure...

Riccardo Spagni Arrested Over Fraud Charges

Aug 03 2021 Published at FullyCrypto under tags  crime cryptocurrency cryptocurrency news

Reading Time: 2 minutes Former Monero lead developer Riccardo Spagni has been arrested in Nashville over South African fraud charges Spagni is wanted by South African authorities over an alleged fraud involving a former employer, Cape Cookies Spagni failed to appear in...

Aug 02 2021

Bitcoin Mining Revenues Exceeded $970 million in July

Reading Time: 2 minutes During July, Bitcoin miners raked in a total of $971.83 million, of which transaction fees accounted for $27.59 million. The Bitcoin mining monthly revenue was $839.09 million in June. This is an indication that displaced Chinese miners are...

Bitcoiin Associate Pleads Guilty to Scamming Investors

Aug 02 2021 Published at FullyCrypto under tags  crime cryptocurrency fraud ico ico news

Reading Time: 2 minutes A promoter of the Bitcoiin scam has pleaded guilty to conning investors John DeMarr helped promote Bitcoiin which promised 8,000% returns The scam was busted by the SEC and three team members were charged in February An associate of the...

Infrastructure Bill Highlights Lack of Cryptocurrency Education

Reading Time: 3 minutes The lack of understanding of the cryptocurrency sector has become even more apparent thanks to the Infrastructure Bill chaos Lawmakers fail to see that the bill would decimate the cryptocurrency sector and would ultimately fail in its key aim to raise...

Infrastructure Bill Could be “De Facto Mining Ban” in U.S.

Reading Time: 2 minutes Crypto lawyer Jake Chervinsky has warned of the ramifications of the crypto element of the infrastructure bill Chervinsky warned that the bill in its current form could decimate mining in the U.S., and the crypto industry as a whole The...

Bitcoin Sunday Fakeout Punishes Weekend Pump Chasers

Reading Time: 2 minutes Bitcoin jumped above $42,000 over the weekend but this was a typical weekend fakeout The adage that you shouldn’t trust a weekend pump came true as it dropped under $40,000 again Regardless, Bitcoin could finally be preparing to break $42,000...

Aug 01 2021

EU Invests $30m in a Blockchain and Digital Assets Fund

Reading Time: 2 minutes For the first time, the European Investment Fund (EIF) has backed a fund authorized to invest in blockchain and digital currencies. Fabric Ventures has secured $30 million from the European Investment Fund (EIF). With this move, the EU receives...

Jul 31 2021

Industry Leaders Predict an Incoming Rise in Cryptocurrency Value In 2021

The Bitcoin crash of 2020 saw market highs go from just under $8000 to lows of just over $3500 in the space of a day. As you can imagine, this made many people unhappy at their losses. The millennial generation predominantly responsible for Bitcoin investment had already made their millions by 2020, but nevertheless the losses still hurt.

Theta Network Analysis – A Decentralized – Video Content Delivery Network

The last five years have drastically changed the way we used to consume content for entertainment. Personally, it’s been a while since I had last seen a movie in a theatre. Now, I just like Netflix and Chill. Let’s not forget YouTube, Amazon Prime, Lionsgate, and many more. It is super accessible and cheap. I also don’t know a person who has never...

Crypto Users Double in 4 Months, Research Reveals

Reading Time: 2 minutes The number of crypto users doubled from 100 million to 200 million in just four months. By June this year, the number of crypto users had reached a staggering 221 million. Following the May crash, meme tokens like Dogecoin drove growth....

Cajee Brothers Sought in International Manhunt

Reading Time: 2 minutes The Cajee brothers are the subjects of an international manhunt after conflicting reports over their whereabouts The pair fled South Africa when their Africrypt investment firm collapsed The Cajee brothers could have taken almost $3 billion in...

Visa Reveals Cryptocurrency Impact on Cross-Border Usage

Visa, the financial services company that oversaw $188 billion in transactions last year, has released data showing the impact that cryptocurrency has in regard to cross-border usage. Recall that Visa, back in March, made a move to support payment settlements using cryptocurrency, specifically USD Coin (USDC). It...

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