Cryptocurrency investment fraud in the U.S. was up almost 3x year-over-year in 2022 — making investment fraud the “costliest scheme reported,” according to the FBI’s 2022 internet crime report. Crypto fraud up 183% Crypto investment fraud hit a record $2.57 billion in 2022, compared to $907 million in 2021 — a 183% increase on an…
Ethereum co-founder Joseph Lubin praised SEC Chair Gary Gensler as a “shining knight of decentralization.” Speaking at ETHDenver (which ended on March 5,) Lubin spoke candidly about recent regulatory enforcement actions, holding Gensler as a catalyst for driving decentralization – much to the audience’s jeers. Digital Asset Investor clipped and posted the relevant part of…
A bankruptcy judge has ruled in a court filing on March 15 that the $1 billion bid by Binance.US to purchase Voyager’s assets should proceed — rejecting the U.S. government’s request to suspend the proceedings while the appeal is pending. Per the court filing, the ruling judge rejected the government’s plea for a delay of…
FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research. According to a March 15 statement, SBF received $2.2 billion from this payout. Other executives like former FTX director Nishad Singh, FTX co-founder Gary Wang, former…
Ad Legacy media quickly reverted to tired and misguided accusations that all of crypto is a scam following the collapse of FTX, Voyager, Celsius, and BlockFi last year. Yet, none of the issues these failed companies faced were caused by blockchain. Instead, criminal activity, greed, poor risk management, novice business processes, hubris, and malicious acts…
Ad Global cryptocurrency adoption remains on course to reach approximately 750 million users by the end of 2023, according to Triple-A. Per the report, the top five countries by the estimated number of holders are the U.S., India, Pakistan, Nigeria, and Vietnam at 46 million, 27 million, 26 million, 22 million, and 20 million, respectively….
Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end of the year The Unemployment Rate went up to 3.6% from 3.4% GBTC discount narrows after SEC…
Ad Cathie Wood, founder and CEO of investment management company ARK Invest, reiterated her bullishness on Bitcoin and other cryptocurrencies in a recent talk at Lyceum Miami with journalist and investor Anthony Pompliano. Wood provided some insights into her investment strategy and outlook for the industry — despite some recent setbacks to the broader crypto…
Contributor at CryptoSlate Dorian Batycka is a journalist interested in art and technology. He has previously contributed to CoinDesk, Decrypt, Artforum, Artnet News, the Art Newspaper, and many others. He can be found on Twitter and Instagram @temp_projects, where he often memes his way through current financial and art news, scandals, and events.
Ad A new report from CryptoCompare, a provider of crypto market data, reveals that Binance’s market share rose from 59.4% in January to 61.8% in February. Binance, the world’s largest centralized crypto exchange, experienced a surge in its spot volumes, reaching an all-time high market share with a 13.7% increase to $504 billion, the report…