Tag: Investors

US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors – Regulation Bitcoin News

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The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,’” the Department of Justice (DOJ) described, adding that millions of dollars in cryptocurrency were diverted for the NFT creator’s personal benefits. DOJ Takes Action Against NFT Rug Pull Scheme The U.S. Department of Justice (DOJ) announced Thursday that Aurelien Michel has been charged with “defrauding purchasers of ‘Mutant Ape Planet’ NFTs, a type of digital asset, of more than $2.9 million in cryptocurrency.” The…

Jim Cramer Expects SEC to ‘Do a Roundup’ of Uncompliant Crypto Firms — Urges Investors to Get Out of Crypto Now – Regulation Bitcoin News

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The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cramer urges investors to “get out” of crypto now. Jim Cramer’s Latest Crypto Warnings The host of CNBC’s Mad Money show, Jim Cramer, is back with more warnings for crypto investors. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. Following a joint statement about crypto risks…

Thai SEC Launches ‘Crypto Academy’ to Help Digital Asset Investors – Regulation Bitcoin News

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The Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about digital assets free of charge before investing. “The more you know your investments, the less risk you will have,” the Thai regulator emphasized. Thai SEC’s Crypto Academy Launched The Thai Securities and Exchange Commission (SEC) announced Wednesday that it has launched “Crypto Academy” to provide free online resources and courses on digital assets. The initiative aims to equip the public with in-depth knowledge of digital assets and blockchain technology before they invest, the…

Macroeconomic data points toward intensifying pain for crypto investors in 2023

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Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and raising interest rates. Bitcoin’s price had dropped 50% from its peak to lows of $33,100 before the LUNA-UST crash, thanks to the Fed rate hikes. The first significant drop in Bitcoin’s price was due to…

Ethereum Investors Gain 4.5% in Weekly Timescale As Shanghai Upgrade Nears

Ethereum, the king altcoin, has been generating a lot of buzz lately. According to CoinGecko, the coin appreciated by 4.5% in the weekly timescale. This is because of the upcoming “Shanghai” upgrade which is expected to improve the overall usability of Ether’s Layer 1 chain.  The term “Layer 1” describes the fundamental components of a network. Transactions on L1 blockchains do not require the involvement of any additional networks for verification or settlement. Image: Gfinity Esports The Gist Of The Upgrade After the widely-recognized switch from Proof-of-Work to Proof-of-Stake consensus…

Former Celsius CEO Mashinsky Sued By New York State for Defrauding Investors

The lawsuit accuses the ex-CEO of the cryptocurrency lender of making many false claims about the number of Celsius users, its strategies to recruit investors and the nature of what it was investing in, claiming its money went to safe, low-risk investments with reliable businesses. The suit also accused him of incorrectly asserting that Celsius had been safer than a bank, though it operated without the typical regulatory safeguards that go with banking in the U.S. Source

Research Firm Warns Bitcoin And ETH Investors Over DCG

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Renowned crypto firm Arcane Research has issued a warning to Bitcoin (BTC) and Ethereum (ETH) investors in light of the escalating events surrounding Digital Currency Group (DCG), Genesis, and Grayscale. In an article by analyst Vetle Lunde, the firm warns: Investors should pay attention to the ongoing financial distress related to Digital Currency Group (DCG) as the outcome could severely impact crypto markets. In the reasoning behind the warning, Arcane Research states that if DCG goes bankrupt, it could be forced to liquidate its assets. “This could force DCG into…

Snowfall Protocol (SNW) Remains the Top Pick for Investors as Charles Hoskinson Announces Cardano (ADA) Experiment and Algorand (ALGO) Chosen as Public Blockchain in Italy

Place/Date: – January 4th, 2023 at 6:28 am UTC · 4 min read Source: Snowfall Protocol In the ever-evolving world of cryptocurrencies, investors are constantly on the lookout for the next big thing. While there are many options to choose from, one platform that has caught the attention of investors is Snowfall Protocol (SNW). In this article, we will delve into why Snowfall Protocol (SNW) remains a top pick for investors and stands out from the competition. Cardano (ADA) Experiment Announced by Charles Hoskinson, But Will It Overcome Past Struggles?…

Cardano Sharks Heavily Accumulating ADA Tokens Heading into 2023, Snowfall Protocol (SNW) Soars Past $0.15, Third Round Is Over 80% Sold Out as Chainlink (LINK) Sinks Further – Investors Are Jumping Shit

Place/Date: – January 3rd, 2023 at 2:18 pm UTC · 3 min read Source: Snowfall Protocol Photo: Snowfall Protocol Despite reports of low activity in the ecosystem, the crypto market outlook for 2023 may already be taking shape. Major fund movements are taking place, which may point to the likely winners and losers in 2023. Snowfall Protocol (SNW) is the clear winner having clocked milestone after milestone in 2022. Cardano (ADA) is another winner, but Chainlink (LINK) is struggling. Cardano Sees an Increase in Whale Accumulation Cardano has seen a…