Cryptocurrency crimes have been proliferating globally, particularly in the midst of the booming market. One group that is increasingly falling victim to these scams is the elderly population, who are often targeted by fraudsters promising significant returns on investments. These criminals use various tactics to manipulate older individuals into exchanging their hard-earned funds for cryptocurrencies,
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In the wake of the October 7th attacks on Israel, the US and UK authorities have intensified their efforts to combat terrorism financing through cryptocurrency channels. The US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) recently imposed sanctions on two individuals and three entities for their
The Financial Conduct Authority (FCA) in the UK recently announced its intention to address meme-based marketing for financial products by releasing guidelines for financial services firms and social media influencers. This move comes after the FCA’s declaration of taking action against firms engaged in illegal financial promotions. The focus of the guidelines is on financial
Recently, news broke that Tigran Gambaryan, a high-ranking official at Binance, has taken legal action against the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. This bold move by Gambaryan, an American citizen, has raised eyebrows and sparked debates about the treatment of foreign nationals in
Kerrisdale Capital recently released a report claiming that MicroStrategy’s shares are currently overvalued. They believe that MicroStrategy’s shares are trading at a premium to the actual spot price of Bitcoin, which the company views as unjustifiable. This assertion led to a significant 14% decrease in MicroStrategy’s shares following the report’s publication. Analysis of the Premium
The recent hack of Prisma Finance, where $11.6 million was stolen from the decentralized finance (DeFi) protocol, has raised questions and sparked discussions within the cryptocurrency community. The attacker behind the hack claimed that it was a “whitehat rescue” and expressed a desire to return the funds back to the platform. This raised eyebrows as
Coin Bureau’s host, Guy Turner, has recently shared his optimistic view on Solana (SOL) with his two million subscribers on YouTube. Turner believes that SOL could potentially experience a breakout of 35% to 45% above the $300 mark. This positive forecast is supported by promising weekly and monthly charts from the early months of 2024.
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently shared insights on the future of spot Bitcoin exchange-traded funds (ETFs) during a 20-day road trip he embarked on. His observations shed light on the current state of adoption and allocation trends among investors and institutions. Hougan’s encounters with financial advisors revealed a stark contrast
Recently, major crypto exchange KuCoin, in addition to its two founders, has come under fire for allegedly failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. Prosecutors claim that this lack of AML and KYC protocols on KuCoin allowed the platform to be utilized for laundering illicit funds derived from criminal activities. In a
Ark Invest has recently made moves in the ETF market, selling a substantial amount of Coinbase shares across three exchange-traded funds. The firm sold 74,291 Coinbase shares, valued at $20.8 million, in their latest trade filing. This sale comes after a previous sale of over $100 million worth of Coinbase shares last week, indicating a
