Day: February 1, 2023

Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report

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The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis. A Jan. 29 joint investigation by media firms the Bureau of Investigative Journalism and the Observer suggested organized crime groups are using the U.K. as their base due to its “lax regulation.” The actual number of U.K.-based crypto or forex companies involved in scams is likely far greater than 168 as the number was calculated by reviewing lists of suspected shell companies and cross-referencing them…

Lido DAO Governance Token Down, Staked Ether Price Stable, as Withdrawal Proposal Comes Into Focus; Bitcoin Price Rises as Fed Rate Decision Nears

“Gentle, quick and responsible, the Rabbit is the fourth animal in the 12-year cycle of the Chinese horoscope. Together with yin water, this combination bodes well for a calmer 2023 compared to last year’s tumultuous experience,” the brokerage wrote, while also reminding investors to seek professional advice before making a decision. “This year’s bazi, or destiny chart, advises us to step out of our comfort zone but remain mindful of perils afoot. After all, a rabbit’s foot is lucky for everyone but the fluffy woodland creature.” Source

Founder of $7.5M ‘brazen fraud scheme’ to see 8 years behind bars

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Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme.  The U.S. Department of Justice (DOJ) said on Jan. 31 that Crater was sentenced by United States District Court Judge Denise Casper in Massachusetts. The sentence comes around six months after Crater was convicted by a federal jury on Jul. 21, 2022, on four counts of wire fraud, three counts of unlawful monetary transactions and one…

82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows – Featured Bitcoin News

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Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said. Millionaires to Capitalize in Forthcoming Crypto Bull Run, Devere Says Devere Group, a global financial advisory and asset management firm with $12 billion in assets under management (AUM) worldwide, published the results of its crypto…

Toyota to Experiment With Blockchain Use Cases by Sponsoring Astar Network’s Hackathon

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