An alleged million-dollar scam in cryptocurrencies torments the Brazilian soccer players Gustavo Scarpa, Mayke and Willian Bigode, and has been attracting the attention of the press in Brazil for several days. “I’ve always seen stupid people fall for pyramid schemes, scams, things like that. And seeing myself in a situation like this, for me, is […]
Tag: Cryptocurrencies
Binance Crypto Exchange to Suspend Transfers in Sterling
Binance will stop your sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the crypto exchange transfers in dollars will cease. Binance was informed by its partner for GBP transfers, Paysafe, that it would discontinue its services from May 22, the spokesperson said, affecting all of the firm’s clients. British currency […]
SVB’s problems are a symptom of the end of the era of cheap money
The era of cheap money has come to an end and its impact has been felt in global markets, which have yet to see the end of the steepest interest rate hike cycle in decades. The risks became apparent this week as US technology lender Silicon Valley Bank scrambled to seek fresh capital, sending bank […]
The US accuses the founder of FTX of four new financial crimes
The federal authorities of USA They accused this Thursday of four new crimes the founder of the ill-fated cryptocurrency platform FTX, Sam Bankman-Fried, in connection with the theft of money from his clients’ deposits to support the operations of the company and its associated investment fund, Alameda Research; make charitable contributions and political donations and […]
US Accuses Crypto Entrepreneur Do Kwon and His Company, Terraform Labs, of Fraud
The Securities and Exchange Commission USA (sec) reported Thursday that it has accused cryptocurrency entrepreneur Do Kwon, and the company he co-founded, Terraform Labs, of “of orchestrating a multi-million dollar fraud.” The collapse of Terraform Labs last year it struck down some $40 billion of investors and rocked global cryptocurrency markets. South Korean prosecutors had […]
The City of London bets on cryptocurrencies after Brexit
Despite the fact that the cryptocurrency market is going through a cold winter after the collapse of the last few months, the United Kingdom accelerates plans to take advantage of its regulatory independence after the Brexit and convert to City of London into a global hub of crypto assets. The so-called Edinburgh Reform, the British […]
The IMF points out that risks from the use of bitcoin in El Salvador “must be addressed”
He International Monetary Fund (IMF) considers that the risks from the use of the bitcoin in The Savior “should be considered”even though said “risks have not materialized due to limited use” of the cryptoactive so far. The IMF reported this Friday in a statement that a mission from the organization, headed by Raphael Espinoza, held […]
Fed’s Waller Says Cryptocurrency Buyers Could Lose Their Entire Investment
The Governor of the Federal Reserve, Christopher Wallerwarned on Friday those who participate in assets of cryptocurrency that they could lose their investments, and banks that must protect themselves from malicious agents and risks to the Finance system. In recent months, the cryptocurrency industry has been rocked by massive losses for investors, bankruptcies of cryptocurrency […]
Crypto company Genesis would file for bankruptcy this week
The cryptocurrency lending unit of Digital Currency Group (DCG) has been holding confidential talks with various groups of creditors in the midst of a liquidity crisis. He has warned that he might have to file for bankruptcy if he can’t raise cash, he previously reported. Bloomberg. The representatives of Genesis Global Capital They did not […]
Bitcoin flirts with longest winning streak in nearly a decade
The biggest digital asset was little changed on Tuesday after rising for 13 straight days, adding more than 25% to trade above $21,000, nearing its longest winning streak since November 2013. , according to data compiled by Bloomberg. The rise has helped lift the global value of digital assets to almost $1 trillion, according to […]