FBI: 244 investors lost $40 million to fake crypto apps
The FBI has warned the general public after hackers who pretended to be trustworthy companies stole more than $40 million from US investors. The study...
Category : Business
Dubai’s metaverse initiative seeks to raise GDP by $4 billion and generate 40,000 virtual employment
Dubai’s government wants to usher in a new age as the cryptocurrency business and the metaverse continue to grow at a rate that has never...
Three Arrows Capital secured a $2.36 billion loan from crypto lender Genesis
The defunct hedge fund Three Arrows Capital (3AC) received $2.36 billion in loans from Genesis Asia Pacific Pte Ltd, a cryptocurrency lender operated by Digital...
Snapchat will let artists use NFTs as AR filters to show off their work: Report
Even though the cryptocurrency market is volatile, tech giants are moving into the new and exciting world of non-fungible tokens (NFTs). In the latest news,...
The largest NFT marketplace, OpenSea, reduces 20% of its staff
The CEO of the world’s largest NFT marketplace, OpenSea, Devin Finzer shared on Twitter that they were going to lay off about one fifth of...
South Africa is getting cryptocurrency regulations after losing billions in scams
South Africa is planning to introduce regulations on cryptocurrency after it had initially denied any involvement in this matter. From now on, crypto is going...
Volatility resulting from selloffs triggers further regulations in crypto
Cryptocurrencies are notorious for their volatility, but the crypto market has recently shrunk to an all-time low this year. The cryptocurrency market cap reached a...
Worldwide crypto ATM installations fall 32%
During the year 2022, there was a decrease in the number of crypto ATMs throughout the world. Many crypto assets saw their value plummet as...
Crypto is becoming part of the mainstream payment system
A cryptocurrency is built on blockchain technology, which is used as a medium of exchange, creating value for its users by providing low transaction costs...
Lender Celsius Is Accused of Operating as a Ponzi Scheme
A former money manager for Celsius Network, a crypto lender whose assets were frozen last month, claims the company failed to hedge its risks and...