Crypto

Cryptocurrency Scam Costs Hongkongers HK$120 Million: Late Warning Criticized
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Cryptocurrency Scam Costs Hongkongers HK$120 Million: Late Warning Criticized

Over 130 residents of Hong Kong have fallen prey to a cryptocurrency scam involving the Hounax platform, with total losses amounting to approximately HK$120 million (US$15.4 million). Victims and lawmakers have criticized the Securities and Futures Commission (SFC) for issuing a late warning, as many had already invested in the platform. Details of the Scam...

Uranium3o8: A New Uranium-Linked Token Enters the Crypto Market
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Uranium3o8: A New Uranium-Linked Token Enters the Crypto Market

In an innovative move, the blockchain industry has introduced a new uranium-linked token, Uranium3o8 (U), which began trading on Uniswap. This token aims to revolutionize the way uranium, a crucial metal for nuclear energy production, is traded. Bridging Uranium and Blockchain Madison Metals Inc., a Canadian public uranium exploration and development firm, backs the U...

$9 Million in Illicit Cryptocurrency Seized in Silicon Valley Cyber Scam Crackdown
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$9 Million in Illicit Cryptocurrency Seized in Silicon Valley Cyber Scam Crackdown

Federal authorities have seized $9 million in cryptocurrency from a Silicon Valley-based cyber scam organization. This group reportedly defrauded over 70 individuals using romance and cryptocurrency confidence schemes, according to the U.S. Attorney’s Office for the Northern District of California. Tracing and Seizing Illegal Crypto Funds The Department of Justice and the U.S. Secret Service’s...

New Zealand’s Simple Crypto Launches NZ Dollar-Backed Stablecoin
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New Zealand’s Simple Crypto Launches NZ Dollar-Backed Stablecoin

Simple Crypto, a leading cryptocurrency retailer based in Auckland, New Zealand, is introducing its first stablecoin, NZDD, backed one-to-one by the New Zealand dollar. This move marks a significant development in bridging traditional finance with the digital age. NZDD: A Stablecoin for Seamless Transactions The NZDD coin is designed to provide a stable and efficient...

Crypto Landscape Post-Sam Bankman-Fried: Insights and Future Directions
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Crypto Landscape Post-Sam Bankman-Fried: Insights and Future Directions

The crypto world has been shaken by the recent verdict against Sam Bankman-Fried, founder of the now-bankrupt FTX cryptocurrency exchange. Found guilty on all charges, including fraud and money laundering, his case has prompted a reevaluation within the crypto community. Marketplace’s Matt Levin talked to Laura Shin, a crypto journalist and podcast host, about the...

JPMorgan debunks the optimistic case for bitcoin, stating that the surge in cryptocurrency is excessive
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JPMorgan debunks the optimistic case for bitcoin, stating that the surge in cryptocurrency is excessive

Long-term investors are hoarding bitcoin at historic levels in hopes of a new high, but JPMorgan analysts believe that factors driving crypto bullishness, such as impending approval of spot ETFs and the upcoming halving, may have little impact on the token. They believe that spot ETFs would attract investment from existing bitcoin products rather than...

Blockchain.com and the TON Foundation have collaborated to launch the Toncoin incentive program
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Blockchain.com and the TON Foundation have collaborated to launch the Toncoin incentive program

The Open Network Foundation (TON Foundation) has partnered with Blockchain.com to make cryptocurrency more accessible to Telegram’s over 800 million monthly active users. TON Space, the TON-based self-custody cryptocurrency wallet, will be available in the Telegram menu for all users outside the United States starting in November 2023. Users will be able to buy, sell,...