July 23, 2024
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US FTC Issued Warning Against Crypto Romance Scammers

The US Federal Trade Commission (FTC) has issued a warning about crypto romance scammers who offer investment advice.  The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others.  “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,”

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Investing Latest News News

Singaporean Authorities Issue Warning On Akira Ransomware Demanding Crypto

The Singaporean authorities advise against paying ransom to Akira ransomware demanding crypto, recommending immediate reports about any incident, coupled with information security best practices to respond to this threat. Local authorities from Singapore have issued a joint advisory warning businesses of the threats posed by Akira, a ransomware variant that has stolen $42 million—most of

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Investing Latest News News

Binance France Changes Changpeng Zhao Following Regulator Warning

Former CEO Changpeng Zhao cannot be a beneficiary of Binance France if the crypto exchange wants to keep its French license. Binance France has new shareholders who own 100% of the company equally between them. The move was necessary after the country’s Financial Markets Authority (AMF) sent the company a warning in December. According to

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Chinese Authority Issued Warning Against Fake Digital Yuan Apps Scam

The Chinese Ministry of Industry and Information Technology (MIIT) has issued a warning against new scam schemes involving fake digital yuan apps. According to a recent social media post by the MIIT, these fake apps are designed to look like the official digital yuan platform, deceiving users into downloading and interacting with them by offering

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Cryptocurrency Project Floki Addressed Hong Kong SFC’s Warning

Floki has formally addressed the Hong Kong SFC’s recent warning, reiterating its commitment to compliance across jurisdictions and explaining the rationale behind its staking program’s high returns. We just published a response to the Hong Kong SFC's notice about the Floki and TokenFi staking programs. Our response highlights our thoughts about their notice, why $FLOKI

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Warning! Do Not Buy Crypto Hardware Wallet From Unofficial Sources

The crypto hardware wallet, a physical device designed to store the private keys to your digital assets offline, away from the vulnerabilities of internet exposure, is usually considered paramount to crypto security.  However, recent advisories from SlowMist, a cybersecurity firm, have highlighted a significant risk: the dangers of purchasing hardware wallets from unofficial sources. SlowMist’s

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SEC Chair Issues Second Crypto Warning In 24 Hours

SEC Chair and fervent crypto critic Gary Gensler has issued a second warning about the risks of cryptocurrency investments within 24 hours. Gensler emphasizes caution for investors, highlighting the differences between crypto and regulated securities markets. Celebrity endorsements of crypto assets should not be the basis for investment decisions. Investors are warned against high-pressure sales

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Bitcoin News Blockchain News

Crypto Trader Capo Issues Stark Warning, Predicts Contraction for Bitcoin, Ethereum, and Altcoins

A popular cryptocurrency trader, known as Capo, renowned for his bearish outlook on the market, has issued a dire warning to the crypto community. Capo, followed by over 750,000 users on Twitter, predicts significant contractions for leading cryptocurrencies Bitcoin and Ethereum, along with a substantial drop in altcoin prices. Capo’s Prophecy of Doom: Capo, known

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Blockchain News

Goldman Sachs: Markets Too Optimistic About Inflation Cooling

Goldman Sachs’ strategists, led by Praveen Korapaty, the chief interest rates strategist, have warned about the pace of inflation decline in the United States. According to Bloomberg, strategists believe the market underestimates how slowly inflation will decrease. In their note, the Goldman strategists pointed out that investors might be assuming that a sharp slowdown in

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