Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls
Memecoins have come a long way from the early days of being joke cryptocurrencies. Go to Source Powered by WPeMatico
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FBI releases warning about fake crypto job advertisements
The fake job advertisements have lured prospective employees to foreign countries and then forced participation in cryptocurrency fraud schemes. Go to Source Powered by WPeMatico
Bitcoin of America to halt operating unlicensed crypto ATMs in Connecticut
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state. Go to Source Powered by WPeMatico
Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks
One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams. Go to Source Powered by WPeMatico
Irish newspaper apologizes for misleading AI-generated article
A daily newspaper in Ireland released a statement saying it was “deliberately deceived” to believe the identity of a guest writer that turned out to be AI. Go to Source Powered by WPeMatico
UK government targets fraudsters with new ban on cold calls for crypto
The U.K. government plans to introduce laws to reimburse victims of authorized crypto fraud and work with Ofcom to prevent phone number “spoofing.“ Go to Source Powered by WPeMatico
April’s crypto scams, exploits and hacks lead to $103M lost — CertiK
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. Go to Source Powered by WPeMatico
Tencent Cloud to reportedly offer deepfake creation tool at $145
Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours. Go to Source Powered by WPeMatico
Not funny: Comedy club NFT debacle teaches lesson in transparency
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community. Go to Source Powered by WPeMatico
Net losses from crypto theft down sharply in Q1 2023 at $322M: Report
A report from app provider De.Fi showed losses from theft down in Q1 2023 compared to last year, along with recovery of funds; Euler accounted for a huge share of both. Go to Source Powered by WPeMatico