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Category: CryptoX News
Russia’s Yandex bans ads for crypto exchanges, miners
Russia’s largest search website, Yandex, has updated its advertisement policy, banning ads for crypto exchanges, smart contracts, mining activities, and ICOs. Russia‘s most prominent search site, Yandex, has updated its advertising policies to ban ads related to crypto services within Russia. The new policy, effective immediately, is part of a broader effort to align the platform’s operations with the country’s regulations on crypto after Russia’s President Vladimir Putin signed a law that maintains strict prohibitions on the advertising of crypto and services built around its use. According to a statement from Yandex,…
dYdX price rebounds, but sell cluster threatens breakout rally
dYdX has embarked on a recovery push amid growth in buying pressure, but a cluster of sell orders threatens its potential for further rise. dYdX has increased by 4% over the past 24 hours, emerging as the top gainer among the top 100 cryptocurrencies. The upward momentum marks its third consecutive day of intraday gains after it witnessed sustained consolidation on the back of the broader market’s bearish trajectory. DYDX 1D chart – Aug. 19 | Source: Trading View The previous collapse commenced with a sharp 7% drop on July…
Indian investor kidnaps BitConnect employees to recover losses
An Indian man allegedly kidnapped two men involved with the $2.4 billion BitConnect Ponzi scheme to recover losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token circulated as the platform’s native cryptocurrency, and according to a statement from the Indian Enforcement Directorate, Bhatt, along with his accomplices, kidnapped two employees of BitConnect founder Satish Kumbhani to recoup losses via ransom payments. Introduced in 2016, the BitConnect Ponzi scheme disguised as a high-yield investment program, where investors were tricked into acquiring BitConnect Coins and lending them with the…
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…
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
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
Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy
In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic plans. Over the past 72 hours on Polymarket, her chances have taken a hit, dropping four percentage points, while […] Source CryptoX Portal