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FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket


The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older...

UBS Urges Caution Despite Positive US Economic Data


UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially...

SEC Issues Investor Alert Highlighting 5 Common Crypto Scams


The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated techniques, making fund recovery difficult....

CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams


The Commodity Futures Trading Commission is warning against "money mule" scams targeting remote job seekers. The regulator said people seeking work-from-home opportunities should be on the lookout for these deceptive schemes. The post CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams...

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