Fraudsters also target customers by pretending to be a company or government. According to FTC data, many criminal organizations prefer to pay using cryptocurrencies. Federal Trade Commission data shows that over 46,000 consumers have been scammed out of over $1 billion in cryptocurrency since the start of 2021. There has
According to James, the crypto market is “extremely unpredictable.” Bitcoin is now trading at under $30k at the time of this writing. On Thursday, New York Attorney General Letitia James issued a warning concerning cryptocurrency investments. Attorney General (AG) reiterated the view taken by other U.S. government authorities, including Attorney
DAMAC Properties is able to reduce the price volatility risk by using a reliable financial middleman. Trustworthy middleman was hired to assist the transactions. DAMAC Properties, a Dubai-based real estate developer has made cryptocurrency deals worth $50 million since the beginning of the year. DAMAC is the first Real Estated
The RBI has long warned about cryptocurrencies being a threat. The Indian central bank is currently developing its own CBDC. RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) on cryptocurrencies, like bitcoin and ether, at a webinar organized by the International
An 80-person layoff announcement was made by Bitso. Gemini announced a 10% workforce layoff to weather the crypto winter. Retail investors are not the only ones feeling the effects of Crypto Winter. Six of the most significant cryptocurrency exchanges in the United States and Latin America have announced major layoffs
CRE8 is expected to bridge the Indian crypto market with world crypto forums. CRE8 contains 8 coins that capture most of the market volume. CoinSwitch has launched a new website CRE8 which is an abbreviation for Crypto Rupee Index and the eight represent the top eight cryptocurrencies in the market.
A contactless payment system does not need extra hardware. Block’s shares rose by 7% to a new 52-week high of $89. Apple’s iPhone will be able to use Square’s ‘tap to pay’ payment function. The new technology is still being developed and will only be tested with a small number
RESERVEUM is an international group of crypto evangelists busy designing a protocol for a non-custodial token with a price that would keep up with the world inflation. As of May 2022, the Reserveum Analytical Group has spent a year developing a token that would solve the problem of safe settlements as
BTC mines working on PoW are under the microscopic view of the NY State Senate. Mines are requested to change from fossil energy usage to renewable energy. The New York State passed a bill to ban Bitcoin (BTC) mining plants that run on energy obtained from fossil fuels. BTC and
Dubai is progressing on its journey to transform into a global crypto hub. As of now, the firm will accept only Bitcoin and Ethereum. Binghatti, one of the leading real-estate developers in Dubai, announced in a press release through Khaleej Times on Thursday that it would accept cryptocurrencies as a
