Month: January 2023

Here’s how to quickly spot a deepfake crypto scam — cybersecurity execs

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Crypto investors have been urged to keep their eyes peeled for “deepfake” crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction.  David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever because “time is of the essence in making decisions” which results in less time to verify the veracity of a video. Cast your vote now! Deepfakes use deep learning artificial intelligence (AI) to create highly…

“Parabolic” Signal That Triggered Past Bitcoin Bull Runs Reappears

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Bitcoin price made a 5% move today, poking above $19,000 momentarily. It is currently the largest daily climb of 2023 and since the FTX collapse.  More significantly, the sharp rally tagged a level that triggered a possible trend change according to the weekly Parabolic SAR. In the past, the technical indicator has lived up to its name. What could it mean this time? Bitcoin Makes Biggest Move Of 2023 The start of 2023 has been positive for altcoins. But up until today, Bitcoin has been mild by comparison.  Following today’s…

Cryptocurrency is headed toward surviving its first age

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The past year was a challenge across the globe. Financial markets plunged deep into the red, affecting millions, if not billions, of people worldwide. Inflation rose. For crypto, it has arguably been the worst year since Bitcoin’s (BTC) inception. It has been more of an ice age than a crypto winter​, and bad actors and weak project​s have dominated headlines —​ including FTX, Voyager, Celsius, Terra, ​​Hodlnaut​, and this week, Nexo​. ​In 2023, the purge could continue with projects that — like Tezos, Lisk and EOS — do not develop…

Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena – Exchanges Bitcoin News

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A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports Facility The FTX naming-rights agreement for the Miami Heat arena was terminated on Wednesday by a federal bankruptcy judge in Delaware. According to the order, the contract between Miami-Dade County and what was one of…

Asia Express – Cointelegraph Magazine

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Our weekly roundup of news from East Asia curates the industry’s most important developments. Huobi’s disgruntled employees According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to “advisory contracts” that do not receive protection under Chinese labor laws. Employees also claim that their leftover paid vacation days and sick leave days for 2022 were set to zero without prior notification.  Moreover, executives…

Gemini and Genesis charged by SEC over unregistered securities

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The United States Securities and Exchange Commission (SEC) on Jan. 12 charged cryptocurrency lending firm Genesis and crypto exchange Gemini with offering unregistered securities through Gemini’s “Earn” program. “We allege that Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors,” said SEC Chair Gary Gensler in a statement. Gensler added the charges “build on previous actions to make clear to the marketplace and the investing public that crypto lending platforms and other intermediaries need to comply with our time-tested securities laws.” “It’s not…

SEC Alleges Gemini, Genesis Sold Unregistered Securities

The lawsuit is the latest twist in a high-stakes CEO battle pitting the Winklevoss twins of Gemini against Barry Silbert, head of DCG. The Winklevoss twins, shaken by the fall of their popular yield product, have accused Silbert of fraud in his company’s management of Genesis; Silbert calls the brothers’ accusations a publicity stunt. Source