FBI Warns Digital Currency Exchanges and Crypto Owners of Possible Threats
The U.S. Federal Bureau of Investigation (FBI) issued an industry-wide warning about possible attacks on exchanges and crypto holders this week. The institution declared that there are threats actively tracking virtual asset platforms in order to take hold of these assets, causing financial losses in the process. Sim swapping, account theft and tech support staff are the means to accomplish these attacks. FBI Anticipates...
Bank of Ghana Deputy Governor Says ‘Central Bank Digital Currency Is Fiat Money,’ Reveals Pilot Phase Will Start September
Ghana’s proposed central bank digital currency is similar to fiat cash and therefore financial institutions, as well as fintech start-ups, can still create value based on it, a Bank of Ghana (BOG) official has said. Still, the official, Maxwell Opoku-Afari, the BOG’s deputy governor, says approval for the use of the digital currency will depend on the outcome of the piloting phase. Maintaining Ghana’s Lead As previously reported by...
Asset Manager Guggenheim Lowers Bitcoin’s ‘Real Bottom’ Price Prediction
Guggenheim CIO Scott Minerd has made another prediction about where the price of bitcoin will be, a lower estimate from his previous “real bottom” price prediction. The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, returned last week with another bearish prediction for bitcoin. Minerd is also the chairman of Guggenheim Investments, the global asset management division of Guggenheim Partners, with about $270...
Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy
Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states: CII is deemed to be the beneficial owner of 953,242 shares or 12.2% of the...
Man Sentenced to 12 Months Prison For Copyright Infringement & Tax Evasion
Almost eight years ago, Homeland Security Investigations (HSI) agents received information from PayPal concerning a pair of pirate websites called Noobroom.com and Noobroom7.com. The platforms allowed subscribers to stream movies and TV shows, something that proved of particular interest to the MPAA. The Hollywood group conducted an investigation and it was determined that the sites were distributing copyrighted works without...
