According to the Bank of Russia, there were more than 5,700 pyramid schemes and illicit lenders in Russia in 2023—a 15.5% rise over the number that was discovered in 2022. In particular, a 46% rise was observed in the quantity of pyramid schemes that were found to be using the Internet and cryptocurrencies as promotional … Read more
Regulations requiring companies acting as dealers to register with the U.S. Securities and Exchange Commission (SEC) have been adopted. According to an attorney, the securities regulator attempted to address decentralized finance (Defi) with the guidelines, which specifically target liquidity providers (LPs) with assets of at least $50 million that are part of decentralized exchanges (DEX). … Read more
A forensic specialist has stated that for Nigeria to reduce financial crimes related to digital assets, it is imperative that the country completely regulate cryptocurrency activity. The co-founder of A&D Forensics also urged Nigeria to pass legislation requiring banks to screen service providers before authorizing them to access customer accounts. Reducing Financial Crimes Connected to … Read more
After a flurry of bitcoin advertisements appeared to secure commercial slots for promotions before the 2022 Super Bowl, the next year saw none at all. According to a recent investigation on the topic, the tendency is expected to continue until 2024. The 58th Super Bowl will not include any new cryptocurrency company advertising, despite the … Read more
In 2021, my journey into the captivating realm of cryptocurrency began, fueled by the enticing prospect of turning investments into substantial profits. The buzz around individuals reaping substantial gains from their crypto ventures heightened my eagerness to jump in immediately. The allure of stashing away funds for a few months and witnessing them soar was … Read more
Congress has been reassured by U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler that the securities regulator “takes its cybersecurity obligations seriously.” Following the SEC’s account being hacked on social media site X, where a post erroneously declared that spot bitcoin exchange-traded funds (ETFs) were approved, lawmakers voiced concerns. Gensler: SEC Is Serious About … Read more
The Dydx Foundation announced this week that the Dydx Chain Community Treasury had granted them a $30 million donation. This funding is intended to give the foundation an extra three years of operating capability, which will make it easier to carry out the project’s strategic plan. The Dydx Foundation for Improved Ecosystem Innovation Receives $30 … Read more
Craig Wright is still being accused in the legal dispute over who invented Bitcoin of forging documents to back up his claim to be Satoshi Nakamoto. But according to Wright, someone forged the documents to put him in a bad light. Craig Wright’s claim to be the founder of Bitcoin is clouded by allegations of … Read more
According to onchain monitoring company Glassnode, a significant change has taken place in the wake of the market’s recovery from the FTX collapse, placing bitcoin in a high-risk regime. In its most recent analysis, the business states that this regime usually denotes a turning point that frequently occurs before bull markets start, at which point … Read more
In a survey of more than 4,000 institutional traders, the global investment bank JPMorgan discovered that 12% of them trade digital coins or cryptocurrency, while 78% of them do not. Furthermore, according to 61% of traders, “the most influential factor in determining the future of trading over the next three years will be artificial intelligence … Read more