Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto IndustryCaitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, […]

Go to Source

Powered by WPeMatico

Using a VPN May Get Israeli Crypto Traders in Trouble

Using a VPN May Get Crypto Traders in Trouble in IsraelDo you use a VPN? It’s a privacy-enhancing tool that everyone should be using, especially those with digital assets. Or do you happen to be older than the typical crypto trader? Both of these characteristics are part of a list of so-called ‘red flags’ that can get you in trouble with a new dragnet that […]

The post Using a VPN May Get Israeli Crypto Traders in Trouble appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes

70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto SchemesForty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities […]

The post 70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

China Has Found 421 Fake Cryptocurrencies

China Has Found 421 Fake CryptocurrenciesA Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 421 Fake Cryptocurrencies The National Committee […]

The post China Has Found 421 Fake Cryptocurrencies appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Still Thinking of Investing in ICOs? Here Are 5 More Red Flags to Look Out For

ICO red flagsWhen statistics show that 81% of ICOs end up becoming scams, alarm bells should ring far and wide when it comes to investing in them. The market is flooded with unscrupulous individuals looking to secure as much funding as possible and leaving investors out of pocket. Last month, we published a piece on the top five red flags to look for in ICOs. But since a month is a seriously long time in the crypto world, investors should exercise further caution. Not everyone has access to expert advice when it comes to crypto investing. Some of us simply choose to buy on

Go to Source

Powered by WPeMatico

Top 5 Red Flags to Look for in an ICO

icoEven though ICOs have never been more popular than they are right now, people still need to be aware of the risks associated with this industry. There are quite a few signs which should immediately raise concerns over any ICO project on the market today. Unfortunately, it seems a lot of individuals ignore these warning signs in the hopes of making quick money. 5. Phony Team Information As we have seen with various initial coin offerings in the past, there are often questions regarding the legitimacy of some projects’ team members. We have seen a fair few companies list major cryptocurrency names – such as Vitalik Buterin

Go to Source

Powered by WPeMatico