Tag: Investors

Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions

According to a new lawsuit filed in the U.S. District Court, Western District of Texas. On Thursday, six users of the Ethereum blockchain and cryptocurrency mixer Tornado Cash sued the U.S. Department of Treasury, alleging that its recent designation of 44 Tornado Cash smart contract addresses to the Specially Designated Nationals (SDN) list of the Office of Foreign Asset Control (OFAC) is “not in accordance with law.” Since Aug. 8, U.S. persons and entities have been prohibited from interacting with the sanctioned Tornado Cash smart contract addresses, blockchain or business-wise,…

Bitpanda aims to entice crypto investors to TradFi by adding commodities

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The Vienna-based fintech unicorn Bitpanda is harkening back to the ways of traditional finance (TradFi) through new offerings on its exchange platform. By adding commodities to its list of available investment options, Bitpanda aims to provide its users to benefit from short-term price fluctuations in more traditional instruments, such as oil, natural gas and wheat. Bitpanda CEO Eric Demuth told Cointelegraph that due to investor demand, the line between TradFi and decentralized finance (DeFi) is becoming more blurred every year. “People want to be able to trade multiple asset classes…

TradFi Investors Will Love Ethereum’s Merge

We know that despite the moribund state of markets, many hedge funds, family offices, venture funds and even pension funds and endowments are looking seriously at the long-term benefits of including crypto in their portfolios. Below I lay out why post-Merge ether could figure prominently in their future allocations. Source

Michael Saylor got wrecked, but Bitcoin investors needn’t panic

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As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town. One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million in unpaid taxes. MicroStrategy’s stock price has fallen more than 13% on the news, from $251 on Aug. 29 to…

Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe – Bitcoin News

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Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from the Main Investigative Department of Ukraine’s National Police and the Security Service of Ukraine (SBU) have dismantled a criminal group running schemes designed to misappropriate funds from citizens of the country and a number of EU nations. Its…

SEC Warns Crypto Investors of Scammers Exploiting Their Fear of Missing Out on Social Media – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has warned about scammers exploiting investors’ fear of missing out (FOMO) on social media. “If a crypto investment ‘opportunity’ sounds too good to be true, it probably is,” the SEC cautioned. SEC Says Scammers Often Use Social Media to Defraud Investors The U.S. Securities and Exchange Commission (SEC) published an Investor Alert titled “Social Media and Investment Fraud” Monday. The SEC’s Office of Investor Education and Advocacy warned that “fraudsters often use social media to scam investors.” Encouraging investors to be skeptical and…

JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks — Says the Fed Overestimates Strength of US Economy – Markets and Prices Bitcoin News

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The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation went up under their watch,” he said. JPMorgan Strategist’s Recommendations JPMorgan Asset Management’s chief global strategist, David Kelly, has some advice about what investors who are worried about a hawkish Federal Reserve should invest in. Following the speech by Federal Reserve Chairman Jerome Powell…