Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation
The ongoing Bitcoin price correction draws a comparison with the March 2020 crash — with one big difference. Go to Source Powered by WPeMatico
Month: May 2021
Elon Musk Impersonators Rake in $2 Million: Regulator Warns of Fake Giveaway Cryptocurrency Scams
The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma Fletcher wrote, “Reports … Read more
United States, Germany, Turkey lead search interest in Ethereum
Ether search interest is higher than ever, and is attracting interest from around the globe, a new report reveals. Go to Source Powered by WPeMatico
Bitcoin price could hit $29K next, warns CNBC ‘Chartmaster’
A simple look back at past BTC price dips means that a 55% correction from all-time highs is on the table, says Carter Worth. Go to Source Powered by WPeMatico
Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe
Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals across Europe. Raids Conducted in Poland, North Macedonia, and Sweden According … Read more
US FDIC seeks insight on banks’ role in cryptocurrency markets
The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market. Go to Source Powered by WPeMatico
Turkish crypto exchange acknowledges 2018 breach with 500,000 users’ data stolen
Criminals tried to sell users’ names, ID numbers, emails and addresses on internet forums. Go to Source Powered by WPeMatico
Coinbase to raise $1.25B via debt securities for institutional investors
With shares in the Nasdaq-listed cryptocurrency exchange continuing to underperform, Coinbase is seeking a $1.25 billion cash injection from institutional investors. Go to Source Powered by WPeMatico
Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars
The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to “attract new customers and sales.” Collector Car Auctions Giant Plans to Start Accepting Crypto Assets at Dana Mecum’s Original Spring Classic The Wisconsin-based … Read more
State-backed digital currencies can disrupt financial systems: Report
While CBDCs could help central banks address the decline in cash payments, some risk factors remain. Go to Source Powered by WPeMatico