The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the …
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Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as …
Veteran trader Peter Brandt has shared “a sacred trading rule” he uses in response to a comment about buying bitcoin as the price of the cryptocurrency continues to fall. “Never add to a losing trade,” he affirmed. Peter Brandt Offers Trading Advice Veteran trader Peter Brandt has a trading suggestion for anyone considering buying the …
BTC/USD Rebounds above $40k as Bitcoin Pulls Back– January 8, 2022 On January 5, BTC/USD resumed selling pressure after the bears break below the $45,600 support as Bitcoin pulls back. Since December 29, Bitcoin has been confined between $45,600 and $4 8,000. The bears have the upper hand as they broke below the $45,600 …
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Cryptocurrency and Bitcoin investors spread to almost every sector and among different personalities. With the increase in the adoption of digital assets, most people are joining the investment train to reap enormous potential growth. Celebrities and government officials from both past and present governments globally are not left behind. The former US first lady, Melania …
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The most popular antivirus, Norton 360, made a miner out of everyone. Even though this has been going on for a while, the Internet recently found out about it. And traditional Norton customers are livid. One of the most controversial parts of the story is the 15% cut that the company takes. This is a …
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$RAIN is the token behind Rainmaker Games, a platform dedicated to helping users all around the world engage in play-to-earn games in the most seamless way possible. 25 million rain tokens are currently sitting in the reserve. Those tokens are the ones that went unsold during the project’s fair token launch that took place via …
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Bloomberg’s senior commodity strategist thinks both Bitcoin (BTC) and Ethereum (ETH) are primed to surge in 2022 despite the crypto market’s recent struggles. In a new analysis, Mike McGlone says both BTC and ETH have solid bases to build on. He predicts they will remain dominant among cryptos in 2022, with Bitcoin moving toward $100,000 …
Michael Sonnenshein, the chief executive of Grayscale Investments, is laying out trends to watch as the crypto market sputters into 2022. Sonnenshein says in a new letter to investors that he believes the digital economy is still in its early stages. The CEO thinks it’s important for investors to monitor crypto’s infrastructure development in the …
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A popular crypto analyst is offering his opinion on what comes next for Bitcoin (BTC) and decentralized finance protocol Aave (AAVE). The analyst pseudonymously known as Smart Contracter tells his 199,700 Twitter followers that the native token of the Aave platform has potentially made a higher low, signaling a possible rebound. The cryptocurrency trader says that …
After the popularity of DeFi, came the rise of nonfungible tokens (NFTs) and to the surprise of many, NFTs took the spotlight and remain front and center with the highest volume in sales, occuring at the start of January 2022. Growing number of unique NFT buyers on Ethereum Source: Delphi Digital While 2021 became the …
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Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s …
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Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. Richard Clarida’s Trades Under Scrutiny The U.S. central bank can shake up …
This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales. NFT Monthly …
A financial institution with over $10 billion in assets under management is confident that cryptocurrencies will thrive in the long term despite weeks of volatility in the markets. In a new report, the independent DeVere Group discusses the reasons behind the recent flash crash which sent Bitcoin (BTC) tumbling from $47,000 to below $44,000 in …
