Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning

Nigerian Regulator Issues 'Extreme Caution' Crypto Investments WarningNigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.” Proliferation of Scams According to a report that […]

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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in PrisonThe founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian […]

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Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto

Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From CryptoDespite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the […]

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Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies

Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into CryptocurrenciesThe popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is a popular Youtuber with close to a […]

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Cryptocurrency Roundup App Gets $100,000 Shark Tank Investment

Automatic Cryptocurrency Buying App Gets $100,000 Investment on Shark TankServices that allow individuals to invest small amounts of money on a recurring basis have become popular in recent years, especially for young people. An automatic cryptocurrency buying app that rounds up everyday purchases has just secured a $100,000 investment on Shark Tank. Also Read: Cointext Launches SMS Bitcoin Cash Wallet in 4 New Markets […]

The post Cryptocurrency Roundup App Gets $100,000 Shark Tank Investment appeared first on Bitcoin News.

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Decentralized Cryptocurrency Exchanges Are Finally Seeing Large Volumes, Led by IDEX

Despite skepticism from cryptocurrency traders and Ethereum users, decentralized digital asset exchanges are experiencing a rapid growth rate in terms of volume, led by IDEX, the most widely utilized decentralized application (DApp) on the Ethereum protocol. IDEX Overtakes CryptoKitties Throughout the past eight months, CryptoKitties, the Ethereum-based digital collectibles platform that enables users to purchase, […]

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