Cryptocurrency investment scammers on LinkedIn are a “significant threat” to user safety, FBI special agent Sean Ragan said Friday. In an interview with CNBC, Ragan said he believes LinkedIn has a problem when it comes to investment scams. “This type of fraudulent activity is significant,” Ragan said. “There are many potential victims, and there are many past and current victims.”…
The below is a free full excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Over the last week, we have extensively covered the contagion that has taken hold in the broader crypto market,…
press release PRESS RELEASE. EverStart, a DAO-controlled multi-chain launchpad built on the Everscale blockchain network and Revoland, a blockchain-based MOBA & Battle Royale video game, are partnering for an initial DEX offering. In the IDO, participants will be able to acquire REVO, a governance token that provides a payment and settlement method to interact with Revoland’s ecosystem. Revoland is the…
Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle. The Students’ Lavish Lifestyle A…
A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November. Thursday’s…
The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of governors of the Federal Reserve System said “the collapse in the value of certain stablecoins” — likely referring to TerraUSD (UST) becoming unpegged from the United States dollar…
The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s (BTC) price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back from this epic decline. Prices are dropping daily, and the…
In brief Immutable X is used by firms like GameStop, TikTok, and ESL for NFT collectibles and crypto-powered video games. Funds will support development, building upon success with blockchain games Gods Unchained and Guild of Guardians. Immutable, the firm behind the Immutable X layer-2 scaling solution for Ethereum, announced the launch of a $500 million fund to boost developer adoption…
The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest threat was contagion. As the dust began to settle, we finally got a glimpse of who was left holding the bag. Crypto lender Celsius and Singapore-based…
In brief Entrepreneur and investor Gary Vaynerchuk founded Web3 consultancy VaynerNFT to help companies navigate the industry. VaynerNFT President Avery Akkineni said that brands shouldn’t let the crypto market downturn scare them away from NFTs and Web3. It’s been a whirlwind year for the NFT space, and that’s especially true when it comes to brands trying to wrap their arms…
