Top news of the week FBI Reports Americans Lost $5.6 Billion to Cryptocurrency Fraud in 2023 The FBI’s Internet Crime Reporting Center has released its 2023 Cryptocurrency Fraud Report. According to the report, Americans lost $5.6 billion to cryptocurrency fraud that year, a 45% increase over 2022. According to the FBI, cryptocurrency-related reports made up just 10% of all reports received, but nearly 50% of all losses that year. According to the report, of the 69,000 cryptocurrency-related complaints the FBI received in 2023, people over the age of 60 were the most affected, accounting for about $1.6 billion in losses.…
Author: Crypto Flexs
Read More
Internet Computer Protocol (ICP) will host Chain Fusion Hub @ Token2049, a two-day conference event focused on AI and cross-chain technologies in the blockchain industry.The Chain Fusion Hub will run during Token 2049 Singapore and Asia Crypto Week ahead of the 2024 Formula 1 Singapore Grand Prix.Key speakers, governments and funding agencies, projects and ecosystems from Ethereum, Bitcoin, Cosmos, and more are expected to attend.Singapore, September 14, 2024 / AlexaBlockchain/ – Internet Computer Protocol (ICP), a decentralized blockchain technology network, today announced that it will host an exclusive event marathon, Chain Fusion Hub @ Token2049, on September 19th and 20th…
MicroStrategy, a business intelligence firm and corporate Bitcoin holder, has acquired an additional 18,300. Bitcoin -0.91% According to the SEC, from August 6 to September 12, the average price per bitcoin was $60,408, or about $1.11 billion. Submit on Friday.The company currently holds 244,800 BTC, which is worth about $14 billion. MicroStrategy’s total holdings were purchased at an average of $38,585 per bitcoin, and the total cost, including fees and expenses, is about $9.45 billion, according to Michael Saylor, the company’s founder and chairman.The recent acquisition was made using proceeds from the issuance and sale of the company’s stock pursuant…
The scammers soon took over American R&B star Usher’s X account. Meme Coin $USHER Launches and Launches Rugpool in Less than 30 Minutes Usher did not explain how to regain access to the account. Legendary American R&B singer Usher Raymond IV, better known as Usher, has become the celebrity hack victim of the meme coin epidemic.Hacker Gains Account Access to 2 ETHCybercriminals took the opportunity to illegally exploit Usher’s trusted fan base and began: $Usher A meme coin for Solana’s PoS.It took less than 15 minutes for the fake celebrity meme coins to appear, and many traders on X were…
Ethereum, the second-largest cryptocurrency by market cap, is trading at $2,420 after a recent rally. Ethereum is up 3.4% and 6.3% over the last 24 hours and 7 days, respectively, which has raised expectations of a long-term bullish move. As the price performance continues to unfold, several key developments are taking root, which could pave the way for Ethereum to break above $4,000 again. Stablecoin Trading Volumes Hit New Highs Despite the bearish sentiment that has persisted for 30 days, on-chain data shows that the Ethereum blockchain continues to see tremendous activity, especially in the stablecoin niche. The blockchain’s stablecoin…
tether USDT -0.06% The world’s largest stablecoin issuer, On Friday, we announced the appointment of Jesse Spiro as Director of Government Affairs. In this role, Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators, and key stakeholders.According to a company blog post, Spiro has over six years of experience in government and regulatory relations in the blockchain space.Spiro most recently served as PayPal’s Head of Regulatory Affairs for its Blockchain and Digital Currency division for three years. Prior to that, he served as Chief Government Affairs Officer at Chainalysis, a blockchain analytics firm.“Tether plays a critical…
When you enter the world of cryptocurrencies, it is essential to understand how to store and manage your digital assets safely. Just as physical wallets store your cash and cards, cryptocurrency wallets store your digital currency safely. In this guide, we will look at the different types of cryptocurrency wallets, their practical uses, and how to keep them secure.What is a cryptocurrency wallet?A cryptocurrency wallet is a tool that allows you to store, send, and receive digital currencies such as Bitcoin, Ethereum, and other altcoins. However, unlike traditional wallets, a cryptocurrency wallet does not store your currency in physical form.…
Kalshi, who won a major court victory last week when a federal judge ruled that political prediction markets should be allowed to trade in the U.S., said the CFTC would suffer little if the new contracts were allowed to trade during the appeals process, but said the company would suffer “substantial, virtually irreparable harm” if it were to block people from betting on the outcome of the 2024 election.
Ethereum Ethereum -0.93% Ethereum Foundation researcher Danny Ryan is stepping down from the Ethereum ecosystem after seven years of contributions. According to a Friday post on GitHub, Ryan attributed his departure to personal reasons and to make room for other opportunities. He added that his reasons for leaving “do not reflect any aspect of Ethereum, core development, or cryptocurrencies in general.”“Being in one of the many wheelhouses of this complex ship called Ethereum is an all-consuming experience, one of the greatest experiences of my life, but also one that I’m ready to give up to make room for other things,”…
A widely known cryptocurrency analyst believes Bitcoin (BTC) could surge to triple digits before the cycle ends. Cryptocurrency trader Michael van de Poppe told his 724,700 followers on social media platform X that Bitcoin could rise by up to 890% from its current value if investors choose the iconic digital asset as a hedge against geopolitical tensions, banking instability, and currency devaluation. “Bitcoin’s current valuation is still very low. I wouldn’t be surprised if it goes to $300,000-$600,000 this cycle.” At the time of writing, Bitcoin is trading at $60,588, up more than 4% in the last 24 hours. The…