Dark money group tied to crypto tries to quash SEC nomination vote

Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology.And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through fake…

One of the main operators of the now-shuttered streaming site movie2k.to has forfeited over $30 million worth of crypto to German police. After a lengthy joint investigation with the American FBI, German police have seized over 25 millions euros worth of cryptocurrency associated with the illegal movie streaming site movie2k.to.Shuttered in spring 2013 due to…

Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses. Brandt: Ripple manipulated XRP for yearsIn a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation. XRP had dropped to its lowest level against Bitcoin (BTC)…

Dutch open-source blockchain software developer Jelurida has won its case in the Netherlands against Apollo Fintech for breach of copyright.On Sept. 22, a Dutch court ruled against Apollo for cloning over 75% of its code from Jelurida’s Nxt (NXT) blockchain software code but failing to adhere to the developer’s Jelurida Public License (JPL). Alongside Nxt,…

Spent output profit ratio is heavily hinting that hodlers should buy the dip on BTC, analysts say. 741 Total views 10 Total shares Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say.Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time…

2TM GRoup, the company behind Mercado Bitcoin, is now valued at $2.1 billion. It's the second crypto exchange in Latin America to eclipse the $1 billion valuation mark. 425 Total views 4 Total shares Latin American cryptocurrency exchange Mercado Bitcoin has secured $200 million in Series B financing from SoftBank, marking one of the largest…

Musk acknowledged that assets that are predominantly scarce — such as physical property and company stocks — help investors in maintaining their purchasing power against high inflations. 644 Total views 6 Total shares As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a…

The Robinhood CEO also announced the brokerage firm’s plans to expand the Robinhood Wallet internationally in the months to come. 172 Total views 4 Total shares Crypto and stock trading platform Robinhood highlighted lagging cryptocurrency revenue in the third quarter of 2022, though the results will do little to dampen its ambition to serve the…

Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket. Bitfinex’s Tether (USDT) stablecoin is now available on the OMG Network, a plasma-based Ethereum sidechain launched on June 1 by the project formerly known as OmiseGo.The integration, also announced on June 1, marks the first…