Day: March 19, 2023

Crypto scammers stole over $10b from Americans in 2022

Americans lost $10.3b to online scams in 2022, with crypto investment losses accounting for about 25%. Crypto fraud rose 183% in 2022 The FBI report showed that online scams relating to crypto investments shot up to $2.57b in 2022 from $907m in 2021, a 183% increase. The data gathered by the internet crime complaint center (IC3), an agency responsible for law enforcement and national security, revealed that $10.3b was lost to online scammers in 2022, up from $6.9b in 2021.  The FBI also noted a spike in cryptocurrency investments as scammers took…

Top 7 ways to earn free crypto

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Due to the popularity of cryptocurrency, numerous individuals are searching for means to acquire free crypto. Here are seven methods one can use to earn cryptocurrency without having to invest your own money, including crypto faucets, airdrops, staking, bug bounties and more.  There are several common risks to be aware of when earning free crypto, including security risks, scams and fraud, limited earning potential, time-consuming activities, and potential legal or tax implications. It’s important to do your research and approach these methods with caution. Faucets Crypto faucets are websites or…

Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank – Fintech Bitcoin News

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Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses make it possible for her company “to provide safe, secure and seamless payment services for individuals and businesses in Rwanda.” Helping Individuals and Businesses in Rwanda The Nigerian fintech giant Flutterwave announced on March 15 that it has secured two additional licenses in Rwanda,…

Large Ethereum Transfer of $33 Million to Binance Causes Volatility in Cryptocurrency Markets

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In a major development that has left the cryptocurrency markets reeling, a large entity transferred Ethereum (ETH) worth $33 million to Binance in a solitary transaction, sources said. This enormous movement of ETH has left the altcoin vulnerable to significant volatility, and its price has fallen by 2.18% from the $1,807 level reported earlier. The identity of the wallet owner from which the transfer was initiated is unknown, but they only had to pay a $1 transaction fee on the Ethereum blockchain. Such a substantial transfer of tokens to an…

Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

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Bitcoin (BTC) approached a key weekly close on March 19 with traders concerned about a retest of lower levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls must “step in” to protect $26,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,000 on Bitstamp. After briefly tapping $28,000 into the weekend, a slow comedown through out-of-hours trading denied bulls a squeeze higher. This led market participants to weigh the likelihood of Bitcoin returning to test support. “Holding my long position while we are above $25,500, but ultimately…

Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review – The Weekly Bitcoin News

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Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad author Robert Kiyosaki warned this week of more ‘fake money’ being injected into the U.S. economy. In related news, former member of the U.S. House of Representatives and Signature Bank board member, Barney Frank, said he suspects regulators meant to send an “anti-crypto message” in regards to the bank’s recent failure. All…

SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse

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Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down with allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Before FTX collapsed, a leaked email exchange with a top regulator allegedly showed SBF’s intent to get the exchange federally regulated. On May 28, 2022, nearly six months before FTX filed for bankruptcy and SBF resigned as the CEO, Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg received an invitation to meet SBF on June 13, 2022, the Washington Examiner reported. The…

SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated. On May 28, 2022, nearly six months before FTX filed for bankruptcy and SBF resigned as the CEO, Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg received an invitation to meet SBF on June 13, 2022, Washington Examiner reported. The…