Day: August 19, 2024

Australia’s ASIC takes down over 600 crypto scam websites in yearlong operation

Australia’s securities regulator says over 8% of the scam websites it took down in 2023 were focused on crypto investments only. The Australian Securities & Investments Commission has published a report, marking the first anniversary of its investment scam disruption initiative by announcing the removal of thousands of phishing and investment scam websites. In an Aug. 19 press release, ASIC revealed that since July 2023, it has coordinated the takedown of more than 7,300 phishing websites, 5,530 of which were fake investment platforms, while 1,065 were phishing scam links, and…

Shaquille O’Neal Will Have to Defend Some of the Allegations in the Astrals NFT Class Action Suit

The case alleged that O’Neal acted as the face of Astrals urging investors to “[h]op on the wave before its too late.” Even when cryptocurrency exchange FTX collapsed in November 2022, O’Neal sent out a graphics interchange format (GIF) on the community message board Discord, from The Wolf of Wall Street that read, “I’m not F***ing Leaving,” the court document said. The lawsuit alleged that O’Neal fled the project after that and “the value of Astrals financial products plummeted.” Source

Can ETH Bounce Back From $2,550?

boss

Ethereum price started a pullback from the $2,680 resistance. ETH is now declining and remains at risk of more downsides if it fails to stay above $2,550. Ethereum started a fresh decline below the $2,650 level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it drops below the $2,550 support zone. Ethereum Price Shows Signs of Weakness Ethereum…

Bitcoin Price Trims Gains: Is The Recovery Losing Steam?

boss

Bitcoin price started a fresh decline from the $60,000 resistance zone. BTC is now moving lower and might test the $57,650 support zone. Bitcoin started a fresh decline from the $60,000 resistance zone. The price is trading below $58,800 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $59,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it stays above the $57,650 zone. Bitcoin Price Dips Again…

Investigating Innovation on Berachain – CryptoX

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates answers many questions about Berachain, including what it is, why you should care, and what you should be paying attention […] Source CryptoX Portal

Crypto Exchanges Flocking Towards Turkey: Coinbase, KuCoin Apply for Licence

boss

Coinbase, KuCoin, Gate.io, and several other small and large cryptocurrency brands are now attempting to obtain business licences in Turkey, according to an updated list published by the Capital Markets Board of Türkiye. Top Companies Seek Turkish Licence First published on August 9, the list included 47 names of cryptocurrency companies. However, it was later updated to add more names, bringing the total to 76. “The list published here has been created to inform the public about the organisations that declared that they will operate in accordance with the Temporary…

New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud

The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […] Source CryptoX Portal

5 Million US Crypto Owners Urged to Push Kamala Harris to Fire SEC Chair Before Election

Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the […] Source CryptoX Portal

Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes […] Source CryptoX Portal