CFTC commissioner advices people to view new crypto tokens as lottery tickets

CFTC commissioner advices people to view new crypto tokens as lottery tickets

May 29, 2022 0

In the wake of the Terra coins collapse, Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham has called on investors to consider crypto tokens as a lottery ticket where they can expect profits or losses. Speaking during an interview with CNBC on May 27, Pham stressed that most crypto projects lack customer disclosures, and investors […]

Bitcoin Heads for Ninth Consecutive Red Weekly Candle

Bitcoin Heads for Ninth Consecutive Red Weekly Candle

May 29, 2022 0

Bitcoin appears to be on a precipice as trading volumes dry up. Key Takeaways Bitcoin is about to close its ninth consecutive red candle on the weekly chart. BTC has lost more than 22,800 points in market value over this period. Now, it all depends on whether BTC can hold above $29,000. Bitcoin appears to […]

Crypto.com, Coinbase violate the most advertising guidelines among rivals, report says

Crypto.com, Coinbase violate the most advertising guidelines among rivals, report says

May 29, 2022 0

Cryptocurrency exchanges Crypto.com (CRO-USD) and Coinbase Global (NASDAQ:COIN) have breached the most advertising rules among its competitors, according to a recent Crypto Head’s report, which analyzes ads that were banned in the U.K. by the Advertising Standards Authority (“ASA”). The report counted 13 advertising code violations by Crypto.com (CRO-USD) and 12 by Coinbase (COIN), topping […]

JPMorgan trials blockchain for collateral settlement in after-hours trading

JPMorgan trials blockchain for collateral settlement in after-hours trading

May 27, 2022 0

“What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” stated JPMorgan’s global head of trading services Ben Challice. Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements. According to Bloomberg, JPMorgan conducted a pilot transaction on May 20, which […]

Korean police seek freeze on Luna Foundation Guard assets: KBS

Korean police seek freeze on Luna Foundation Guard assets: KBS

May 23, 2022 0

Police authorities in South Korea are taking action to freeze assets tied to the non-profit group Luna Foundation Guard, according to KBS, the country’s national broadcaster. Per the publication, the Seoul Metropolitan Police Agency asked multiple exchanges to block Luna Foundation Guard (LFG) from withdrawing any corporate funds. However, the exchanges are not bound by […]

Korean crypto exchanges issue warnings on litecoin over confidential transactions

Korean crypto exchanges issue warnings on litecoin over confidential transactions

May 23, 2022 0

Bithumb and Upbit, two of Korea’s Big Four crypto exchanges that account for the majority of trading volume, have issued investment warnings about litecoin following an update that allows transactions to be sent confidentially. Litecoin’s activation of privacy-focused technology Mimblewimble brings a “confidential transaction” ability to the Litecoin blockchain, enabling users to send tokens while […]

GameStop now has its own wallet for crypto and NFTs

GameStop now has its own wallet for crypto and NFTs

May 23, 2022 0

You’ll be able to use this with its upcoming NFT marketplace GameStop has launched a beta for its very own Ethereum wallet that will let users store, send, and receive both cryptocurrency and non-fungible tokens (NFTs) through their web browsers. The wallet is currently available as an extension for Google Chrome and Brave, but GameStop’s […]

Crypto Ponzi scheme exposed, police urge caution

Crypto Ponzi scheme exposed, police urge caution

May 23, 2022 0

A fake company operating an offshore cryptocurrency investment scheme has been investigated by police after multiple people fell victim to the scam. Detective Sergeant James Robson, of the Auckland City financial crime unit, said police received reports involving a company calling itself Quwiex Limited. It claimed it could offer investors high daily returns. “This company […]

Targeted phishing scam nets 8K in crypto and NFTs from hacked Beeple account

Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account

May 23, 2022 0

Links posted to a fake Louis Vuitton NFT raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. Digital artist and popular nonfungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday as part of a phishing scam. Harry Denley, […]