Global crackdowns target crypto scams and AI deepfake fraud

Bitcoin price (BTC) is currently in a sort of stasis, unexcitedly trading in the expected range and over the past 48-hours dropping to the former rising wedge trendline at $7,150 and again to the $7,200 support before rebounding to the low $7,400 region.Crypto market daily price chart. Source: Coin360For the time being, the price is…

A large transfer of Bitcoin associated with U.S. law enforcement likely caused a spike in the on-chain metric. 650 Total views 3 Total shares Own this piece of history Collect this article as an NFTOn March 8, the U.S. government moved 49,000 Bitcoin worth $1 billion seized from the Silk Road. The transfer was accompanied…

Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents.Filed on Aug. 14 to the U.S. Bankruptcy Court of the Southern District of New York, Celsius highlighted that it is expected to reach negative liquidity by October 2022 to approximately $34 million.…

Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme.Cryptopay revealed the development in a press release with Cointelegraph on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP, avoiding GBP to euro conversion charges.…

Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance. 163 Total views 2 Total shares Investment management company XSpring Capital has secured a large funding round with partners in Thailand to accelerate the development of its financial marketplace that combines traditional and digital asset products.It also hopes to…

The BadgerDAO attack has reportedly impacted Celsius Network for more than $50 million, sources suggest. 2282 Total views 11 Total shares Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO.As reported by Cointelegraph on Thursday, the attack targeted the protocol on the Ethereum network, reaping…

Multiple sources are expecting Facebook to launch its stablecoin on June 18, IT and fintech magazine TechCrunch reported on June 6.Citing people familiar with the plans, the publication added strength to existing suggestions from both within and outside the company that its secretive cryptocurrency project would appear this month.Previously, rumors had suggested it would be…

Bitcoin whale clusters show $57,046 and $60,045 are the crucial support and resistance levels in the short term. 403 Total views 2 Total shares The price of Bitcoin (BTC) is attempting to break the $60,000 resistance level after more than a week of ranging.Whale clusters show that $57,046 and $60,045 are the crucial support and…