Mon, September 23

Deepfake Crypto Scam Impersonates Apple CEO During iPhone 16 Launch

Crypto scammers struck again during Apple’s highly anticipated iPhone 16 launch, using a deep fake of Apple CEO Tim Cook to deceive viewers. The fraudulent livestreams appeared on YouTube, promising fake cryptocurrency giveaways under the guise of official Apple promotions. The scam involved altered videos of Cook, who appeared to

September 10, 2024 2 mins read

FBI Reports Record $5.6B in Losses from Crypto Scams in 2023

The FBI’s Internet Crime Complaint Center (IC3) has revealed a sharp rise in cryptocurrency-related fraud. Americans lost $5.6 billion in 2023—a 45% increase from the previous year. The IC3’s annual report recorded over 69,000 complaints, underscoring the growing exploitation of digital currencies in various scams. Investment fraud was the most

September 10, 2024 2 mins read

US States to Reimburse Investors in $1B GSB Crypto Scheme Settlement

U.S. officials have reached a settlement with GSB Group head Josip Heit over an alleged $1 billion illicit cryptocurrency scam. The five states took this action in an effort to recoup investment funds totaling millions of dollars. To safeguard financial market investors, authorities throughout the world, including those in the

September 10, 2024 2 mins read

VanEck Exec Refutes Claims on US Election’s Impact on Bitcoin Price

Matthew Sigel, Head of Digital Assets Research at VanEck, refuted previous assertions made by Bernstein that the US election would directly affect Bitcoin. Investors are taking notice of this counterargument, which downplays the impact of the 2024 US presidential election on the BTC surge.  Sigel made an interesting observation on

September 9, 2024 2 mins read

Crypto Investment Products Face $726M Outflow Amid Bearish Outlook

The latest data from CoinShares shows that cryptocurrency investment products had another rough week, with $726 million leaving the market. Crypto investment products have seen the biggest outflow observed since March 2024, according to CoinShares’ head of research James Butterfill’s latest “Digital Asset Fund Flows Weekly Report” published on September

September 9, 2024 1 min read

Investors Brace for Upcoming US CPI Data Amid Market Uncertainty

Following a disappointing August employment report that hinted at the US economy’s continued vulnerability to a recession, Bitcoin’s (BTC) value fell below $54,000 over the weekend. However, it has since recovered and is again trading around $56,000. Crypto equities have also seen a significant recovery, similar to the price of

September 9, 2024 2 mins read

Why Are Crypto Traders Feeling the Pressure This Week?

The crypto market is on edge this week as it anticipates potential volatility surrounding two major events: the Trump versus Harris debate on September 10 and the Consumer Price Index (CPI) report on September 11. According to QCP Broadcast, while the crypto market has stabilised following last week’s downturn, implied

September 9, 2024 2 mins read

Kraken Australia Spotlights Regulatory Uncertainty and Criticizes ASIC

In a recent blog post, Kraken Australia detailed its concerns about ASIC’s judgment, which it believes reflects the broader ambiguity in the country’s regulatory environment. According to Kraken, the ruling exemplifies the challenges that crypto businesses face in Australia, where regulations remain unclear and inconsistent. Kraken Australia’s criticism comes at

September 9, 2024 2 mins read

Snapshot X Debuts Gas-Free Onchain Voting for DAOs

Snapshot X, a governance platform designed for decentralized autonomous organizations (DAOs), has officially launched, offering a Layer 2-based protocol that enables onchain voting without gas fees. This breakthrough is powered by Starknet’s roll-up technology, which aims to streamline the often costly and inefficient voting processes in blockchain projects. Traditionally, DAOs

September 9, 2024 2 mins read

Spanish Banking Giant BBVA Rolls Out USDC Integration for Swiss Clients

Spanish multinational banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has officially integrated USD Coin (USDC), the second largest stablecoin issued by Circle, into its crypto asset services for institutional and private banking clients in Switzerland.  This initiative enables clients to manage their USDC holdings—exchange, custody, or automatically convert USDC into

September 9, 2024 2 mins read