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‘Flood’ of Crypto Scam Cases Hit Spanish Courts


Spanish media outlets are reporting that the country’s courts have been “inundated” with crypto scam-related cases. The most notorious of the bunch is an alleged pyramid scheme originating in Tenerife, centering around a firm named Arbistar 2.0. Police claim that the alleged scam has sucked in...

Cryptocurrency Related Scams Flood Tribunals in Spain


Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject. Spanish tribunals have been flooded lately with lawsuits involving cryptocurrency scams related to bitcoin...

Flood of Yield Farming Projects Likely Coming to Cryptoverse - Report


Ethereum (ETH) decentralized finance (DeFi) protocols, such as the troubled Yam Finance yield farming project, are expected to rise in popularity in the coming months, with industry observers saying that the extremely high yields they offer encourage the rapid development of communities that...

Largest US Banks Expect Billions in Loan Losses, Profits Plunge


Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...

$30M Bitcoin Cash ‘SIM Hack’ Sparks Wild Crypto Tales With Vague Sources


On February 21, the crypto Twitter commentator Dovey Wan published a series of tweets about an alleged SIM card hack that purportedly saw the loss of $30 million in bitcoin cash. The story stemmed from a Reddit post that’s now deleted and so far no one has provided any verifiable proof from...

Russian Companies Keen to Flood the Market With Their Own Tokens


A number of Russian companies are keen on launching tokens of their own, and are waiting on Moscow to make its final decision – with the legislation expected to come before parliament sometime this month, according to Russia’s deputy finance minister. “A lot of businesses have asked when it will...

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