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FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost
20.7.2022
The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defrauding investors. “The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” said the U.S. law enforcement agency....
Crypto Lender Vauld Files for Protection From Creditors
20.7.2022
The Singapore-based company had recently suspended withdrawals and begun laying off staff
Crypto firms facing insolvency 'forgot the basics of risk management' — Coinbase
20.7.2022
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase
Scaramucci’s SkyBridge Planning New Fund for Web3, Crypto: Report
20.7.2022
The news follows reports that SkyBridge suspended withdrawals from a separate fund due to price pullbacks
Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests
20.7.2022
“It’s time to move the crypto policy debate from "we need regulation" to 'what are the impacts of specific regulatory proposals?’” said Chamber of Progress
‘A Damaged Brand’: Former Celsius Employee on the Crypto Lender’s Mismanagement and Alleged Token Manipulation
20.7.2022
Former Compliance and Financial Crimes Director at crypto lender Celsius, Timothy Cradle joined CoinDesk TV’s “First Mover” to discuss the platform’s alleged questionable practices
Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
20.7.2022
The exchange suspended client withdrawals early Wednesday amid rumours of financial troubles
The Credit Crunch Is Not the End of Crypto Lending
20.7.2022
It is a mistake to view Bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures
Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners
20.7.2022
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex...
Explore the Value Behind KCC Through KCC Validator Election
20.7.2022
With the development of the public chain and the growing adoption of blockchain technology, public chains initiated by crypto exchanges are getting more attention. Relying on the advantages of the exchange’s cutting-edge technology team, the exchange public chain has differentiated itself...
Volatile Months Ahead for Ethereum & USD 1,711 Likely for Year-End, Says Crypto Industry Panel
20.7.2022
The price of Ethereum’s native token ETH could drop to a low of USD 675 – and rise to a high of USD 2,673 – before ending the year at USD 1,711, according to a panel of crypto industry professionals surveyed by comparison website Finder.com....
Read More: Volatile Months Ahead for Ethereum &...
ETH CC: Crypto winter “reinforces” validity of blockchain, says 0x Labs employee
20.7.2022
0x Labs developer advocate believes the current crypto winter provides a chance for "rationalization" and "validates" underlying blockchain systems
UK Markets Bill Extends Banking Rules to Crypto Assets
20.7.2022
The U.K. introduced the bill to parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week
How to control stress and depression in a crypto winter?
20.7.2022
Avoid considering digital currencies as your principal source of income to safeguard your mental health throughout this crypto winter
S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of Terra Probe
20.7.2022
South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb....
Read More: S Korean Prosecutors Raid...
Gold ‘Clearly Turned Bearish’ Says Societe Generale as TD Securities Strategists Expect Further Downside
20.7.2022
According to market analysts, the precious metal gold is officially in a bear market and prices could remain suppressed over the next few weeks. Moreover, while the macroeconomic backdrop has been gloomy, the popular safe haven asset has lost 17.50% in value against the U.S. dollar during the last...
5 Crypto Startups Expected to Do Big Things in 2022
20.7.2022
Everything related to crypto startups has skyrocketed in value recently, and expectations are only higher for 2022. The amount invested by venture capitalists in 2021 reached nearly $30 billion, and the momentum does not stop with funding. Talents from big companies worldwide are flocking to...
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin
20.7.2022
Crypto Exchange Zipmex Suspends Withdrawals, Citing Market Volatility
20.7.2022
"We would be pausing withdrawals until further notice to maintain the integrity of our platform," the exchange tweeted
Life after crypto biz: Retrenched staff ponder future in the job market
20.7.2022
Workers weigh up their futures in the cryptocurrency economy as tough market conditions lead to more staff cuts at prominent firms