Crypto Buyers Beware: 1 in 4 New Tokens of Any Value Is a Scam
And according to tracing firm Chainalysis, one very prolific scammer ran at least 264 of those scams in 2022 alone. Powered by...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies and corporate funds.” FTX Joint Provisional Liquidators...
Central Bank of Brazil President States Digital Real Pilot Is Imminent
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances in the future. Pilot Tests for Digital Real Imminent Brazil is making strides in developing its central bank digital currency (CBDC), and the...
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea
Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. North Korea-Linked Crypto Frozen by Binance and Huobi Blockchain analytics firm Elliptic said Tuesday that it has collaborated with...
Keanu Reeves Says Dismissing Crypto Will Only Make It Better
Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” The Matrix star added that the principle and ideas behind an independent currency are “amazing.” Keanu Reeves Praises Crypto Famous actor Keanu Reeves talked about cryptocurrency in an interview with Wired, published Tuesday. The Matrix and John Wick star opined: I think the principle, the ideas...
