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The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, … Read more
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting social media … Read more
“Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment. Go to Source
Telegram has been experiencing massive outages in several countries since around 10:30 am UTC on Oct. 3. Go to Source
Federal Judge John A. Mendez has blocked a new California law that allowed any person to sue for damages over election deepfakes. Go to Source
Santiment says there’s nearly double the amount of bullish posts to bearish ones on social media. Go to Source
The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The … Read more
The Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users. XRP Scam Promoted on Supreme Court of India’s Youtube Channel … Read more
At least 11 accounts linked to the spread of misinformation in Brazil have been banned from X over the past few days as the platform begins complying with Supreme Court orders. Go to Source
Brazil recently lifted the freeze on bank accounts for Elon Musk’s Starlink and the X platform after the companies paid a $3 million fine. Go to Source