Tag Archive: cryptocurrency
FBI Crypto Report: Fraud Surges Driven by Investment Scams
In 2023, cryptocurrency fraud continued to surge globally as rising adoption of digital currencies attracted scammers seeking to exploit the hype and target credulous users.
Last year, the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) received a record of 69,468 crypto-related complaints, a 33.6% increase from 2022’s ~52,000, new data released by the division show. Losses soared by a whopping 45% year-over-year (YoY)...
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Global Crypto Adoption Rises in 2024, Led by Developing Economies and ETF Launches
In 2024, global cryptocurrency activity continues to grow, with developing economies leading in crypto ownership.
Adoption of the new asset class is increasing worldwide, driven in part by the launch of bitcoin and ether exchange-traded funds (ETFs) in the US, which has boosted adoption, particularly in institutional transfers and higher-income regions.
However, regulatory concerns remain a key obstacle, especially in the US and UK, though Europe...
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US Spot Bitcoin ETFs Daily Trading Volume Soars to 6 Billion USD
Ten newly launched US spot bitcoin exchange-traded funds (ETFs) broke their daily volume records on February 28, 2024, totaling nearly US$7.7 billion worth of assets being traded on that day alone, data shared on X by James Seyffart, an ETF analyst at Bloomberg Intelligence, reveal.
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#1133 Bitcoin Fear & Greed, 43 Mio Bitcoin Hodler & Indian RBI Krypto Verbot
1.) Bitcoin steps out of ‚Fear‘ for the first time in nine monthsThe Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, marking the first time its hit neutral territory in three quarters.
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#1099 Stablecoin Krieg, Kraken Russland Sanktionen & Kazakhstan Mining
1.) A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%.
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Wealth Managers Reluctant to Invest in Crypto
Wealth managers around the world are still reluctant to invest in cryptocurrency on behalf of their clients amid concerns over the lack of regulation, the lack of education as well as high volatility, a new study by American asset management company Mercer found.
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Hackers Tap Cross-Chain Bridges Vulnerabilities; Whopping US$2B Worth of Crypto Stolen
Hackers and cybercriminals are exploiting vulnerabilities found in cross-chain bridge protocols to siphon billions of dollars worth of cryptocurrencies out of wallets and smart contracts, a new report by blockchain analytics firm Chainalysis claims.
A total of 13 separate cross-chain bridge hacks have been recorded so far, netting criminals about US$2 billion, according to the firm. Most of these attacks took place this year, showing that the trend...
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New Research Finds Centralization Risks in Public Blockchains, Cryptocurrencies
Despite claims of immutability and decentralization, cryptocurrencies and public blockchains, including Bitcoin and Ethereum, are not quite delivering on their promises and are seeing a concentration of power in the hands of a few players.
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Crypto Companies Put the Brakes on Sports Sponsorship Amid Market Crash
This year’s cryptocurrency crash, which saw the market lose more than half of its value in the span of six months, is threatening to bring sports sponsorship deals to a halt as crypto companies look to cut costs.
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Social Media Financial Scams Balloon
Around the world, fraudsters are turning to social media platforms like Facebook and Instagram to reach billions of potential victims. As losses continue to pile up, regulators are voicing their concerns, with one going as far as suing a social media giant for not taking sufficient steps to tackle the rampant issue.
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Global Blockchain Sector Surged in 2021
2021 was a blockbuster year for the global blockchain sector, which saw funding activity surge, trading volumes balloon and further growth in key segments including custodians, exchanges, decentralized finance (DeFi), as well as non-fungible tokens (NFTs) and the metaverse, a new report by Swiss blockchain-focused investment company CV VC, in collaboration with PwC Switzerland, says.
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The Bitcoin is ‘as-good-as-gold’ myth is over
2022-11-19
by Stephen Flood
2022-11-19
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