Month: June 2024

The Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him to invest over $113,000 in ether (ETH) and tether (USDT) on Fameex. […] Source: https://news.bitcoin.com/washington-state-regulator-warns-investors-of-pig-butchering-crypto-scheme/

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging markets to use their digital dollars for commerce, stabilizing the demand and relevance of the currency. Cantor Fitzgerald CEO: The […] Source: https://news.bitcoin.com/cantor-fitzgerald-ceo-props-up-stablecoins-in-the-fight-for-us-dollar-hegemony/

The Tennessee Department of Commerce & Insurance (TDCI) Division of Securities is raising awareness about the potential risks of investing in unregulated products like cryptocurrency, particularly among seniors. TDCI Commissioner Carter Lawrence emphasized the importance of protecting the financial independence of Tennessee’s elder population and encouraged seniors, their loved ones, or caregivers to contact the […] Source: https://news.bitcoin.com/us-state-regulator-shares-key-crypto-investment-tips-for-seniors/

Matt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […] Source: https://news.bitcoin.com/bitwise-cio-makes-the-case-for-adding-ether-to-investment-portfolios/

Four Vietnamese nationals were charged in a U.S. court for a series of cyber intrusions causing over $71 million in losses. The defendants, part of the cybercrime group “FIN9,” allegedly hacked U.S. companies from May 2018 to October 2021, stealing non-public information, employee benefits, and funds. They used stolen personal and credit card information to […] Source: https://news.bitcoin.com/vietnamese-hackers-indicted-in-us-for-71m-cybercrime-involving-cryptocurrency/

Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […] Source: https://news.bitcoin.com/montenegro-prime-minister-listed-among-top-terraform-labs-investors-in-sec-filing/