March 24, 2022

Crypto Pyramid Busted in Russia, Losses Exceed $10 Million – Bitcoin News

March 24, 2022 boss

Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security Service (FSB) and the Ministry of Internal Affairs in the Russian republic of Dagestan have identified persons suspected of organizing a major financial pyramid offering victims profits of up to 500% per year on their…

Emissions Tracking Project Goes Live on Hedera as HBAR Stands Up $100M ESG Push

March 24, 2022

Playing into the current trend for environmental, social and governance (ESG) technology, hashgraph consensus ledger Hedera is touting a “token visualization tool” to measure, report and verify the sustainability of everything from land-use projects to eco-friendly farming. Source

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March 24, 2022

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Yoshitaka Amano, One of the World’s Greatest Illustrator, Character Designer, Joins Gensokishi Online Project – Press release Bitcoin News

March 24, 2022 boss

press release PRESS RELEASE. GensoKishi Online, the GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights” is proud to announce its collaboration with one of Japan’s greatest. YOSHITAKA AMANO, the legendary designer, the god of game art, the superstar, behind so many of Japan’s most beloved games, has agreed to come on board to design his very own original characters that will be introduced and developed into the GensoKishi metaverse, offering new possibilities and aspects for GensoKishi Online. Yoshitaka Amano, is known for creating characters in…

Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch

March 24, 2022 boss

Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities of what P2E had to offer and is continuing to lead the way in 2022 as the protocol prepares for its next major launch. Data from Cointelegraph Markets Pro and TradingView shows that the price…

Synthetix commence debt pool merger to enhance liquidity and staking capabilities

March 24, 2022 boss

Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking participants in two distinctive categories: SNX inflationary staking rewards and Debt Hedging. Currently, Synthetix operates debt pools across two chains, Ethereum mainnet and layer 2 Ethereum scaling solution Optimism, which have amassed an accumulative total-value-locked of $930 million and $157 million, respectively. The company have stated their intention to transition into an “Optimism-native protocol”, with one of their council members…

Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies

March 24, 2022 boss

Russia’s announcement contributed to a spike in BTC above $44,000, although cryptos were already tracking upside moves in equities earlier in the New York trading day. Still, traditional safe-haven assets, such as gold and the U.S. dollar, also rose on Thursday, suggesting some caution among global investors. Original

Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme

March 24, 2022

The scheme ran from April 2014 to December 2019, when three of the BitClub leaders were arrested and charged with fraud and the sale of unregistered securities. BitClub purported to sell shares of nonexistent crypto mining pools to gullible investors, only to pay them back with money from newer investors, according to the government. Source

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March 24, 2022

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Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework – Regulation Bitcoin News

March 24, 2022 boss

The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank of England (BOE) told the press that it is sketching out a regulatory framework for digital currencies. The BOE statements derive from the central bank’s Financial Policy Committee (FPC) and the bank mentioned sanctions tied to the ongoing Russia-Ukraine war. In recent times, financial regulators and…