Inside the Pig Butchering Scam: Real Stories from Victims
The latest Cointelegraph video discusses one of the most dangerous crypto scams, ‘Pig Butchering,’ where victims are lured into fake investment schemes.
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Digital bank Anchorage offers Ethereum-backed loans to institutions
Institutional investors can get USD on credit without liquidating their ETH. Crypto custody bank Anchorage Digital is expanding its services into crypto-backed loans for institutional investors.Clients at Anchorage can now access a line of USD credit backed by Ethereum through its partnership with U.S. commercial bank BankProv.Anchorage Financing will introduce a simple way for investors…
Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software. 61 Total views 1 Total shares The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features,…
Vitalik Buterin Warns High Fees Threaten Ethereum’s Security
As Ether transaction fees hit 100 gwei, the project’s co-founder warns that a failure to respond could undermine the security of the network. Ethereum (ETH) co-founder Vitalik Buterin has called for reform to the cryptocurrency’s fee system, warning that rising transaction fees could undermine the security of the network.The idea is based on a paper…
Decred Co-Founder Calls PayPal and Crypto ‘An Odd Combination’
PayPal could be gearing up to work with crypto assets, according to recent rumblings, although Decred co-founder Jake Yocom-Piatt is unsure of those rumors' validity.“It's hard to say whether these are rumors or not regarding PayPal accepting cryptocurrencies soon," Yocom-Piatt told Cointelegraph via email correspondence when asked about the rumors. The pairing does not seem like a fitRecent…
2020’s DeFi craze: The best, worst and fishiest projects in crypto
As 2020 comes to a close, it’s a good time to reflect on the biggest crypto developments and the wild ride the sector took investors on.At the beginning of the year, Bitcoin (BTC) was hovering just above $7,000, and the top-ranked digital asset had started to gather steam as the block reward halving approached. Then…
Retail Investors Can Now Bet on Bitcoin Hitting $100,000 by 2020
United States.-based regulated crypto derivatives and clearing platform LedgerX is giving retail investors the chance to bet on Bitcoin (BTC) hitting $100,000 by 2020.New Possibilities for the Retail Crypto TraderAs Bloomberg reported on July 17, the $100,000 call option implies that Bitcoin’s current valuation could increase over ten-fold and hit a $2 trillion market capitalization.This…
Bitcoin Rising, Satoshi Discoveries, & Google Enters the Race: Bad Crypto News of the Week
Check out this week’s Bad Crypto News 617 Total views 21 Total shares It’s been a strange week for BTC as we move forward in our new mining rewards era. The price ends the week down but a late rally has pushed it back over $9,000. Technical analysts expect Bitcoin to continue rising based on…
America’s oldest bank, BNY Mellon, will custody Bitcoin
The chief executive of the bank's asset-servicing business says digital assets are becoming "part of the mainstream." 5279 Total views 31 Total shares Bank of New York Mellon, America’s oldest bank, has announced plans to hold, transfer and issue Bitcoin (BTC) and other cryptocurrencies as an asset manager on behalf of its clients.The impetus for…