Friday , January 21 2022
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Felix Mollen

Articles by Felix Mollen

Soccer Star Neymar Jr. Buys —And Shows Off— His Bored Ape Yacht Club NFT

18 hours ago

The successful PSG player, goalscorer for the Brazilian national soccer team, and NFT enthusiast Neymar Jr, is the newest member of the elite Bored Ape Yacht Club.
Neymar shared the news with his followers on Twitter, posting a photo of his new pink ape outfitted with flashy futuristic glasses, along with the hashtag #BoredApeYC.
Source: TwitterNeymar Jr. Loves NFTs
On January 20, Neymar changed his profile picture using the Bored Ape 6633 as an avatar. According to OpenSea’s history, the soccer player paid 159.99 ETH for the ape. The price would be around $481.6K USD taking the current ETH price as a reference. This represents an appreciation of more than 66% in just under a month when the same ape sold for 96 ETH.
But Ape 6633 is not the only NFT owned by Neymar. The

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Regulations Can Help Stabilize Stablecoins, Preventing a Possible Run, OCC Says

6 days ago

The Acting Comptroller of the Currency of the United States, Michael J. Hsu, gave a speech on January 13, 2022, highlighting the advantages of regulating the cryptocurrency space-specifically stablecoins-as a way to provide peace of mind and security to those using this type of technology.
Speaking at the BritishAmerican Business Transatlantic Finance Forum, Hsu argued that the growth of the cryptocurrency industry had been so swift that the regulatory indifference of previous years was now unsustainable, and there was a need to work on a robust legal framework.
Hsu argued that as more unbanked people begin to use cryptocurrencies as bank substitutes and no longer perceive the need for trusted third parties to transmit money, more regulatory attention is needed before it

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FTX US and Bitstamp USA Are Working to Offer Stock Trading Services

8 days ago

Crypto exchanges are looking for ways to expand their domains, and it seems that the blockchain space is no longer enough. Now, the U.S. subsidiaries of FTX and Bitstamp could be about to start offering their customers support for equity trading.
According to a report from Bloomberg, both exchanges are fine-tuning details to enter the world of traditional finance. If their plans come to fruition, both FTX and Bitstamp would offer services diverse enough for their customers to concentrate a significant amount of their wealth under their custody.
Crypto Meets Stocks
It is unclear whether both platforms want to apply to become stock exchanges or brokers, however it is important to note that although both require a tedious regulatory process, the general consensus is that it

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Most Crypto Users Believe Cryptocurrency Payments Will Become a Standard, Paysafe Study Reveals

10 days ago

The use of cryptocurrencies has grown considerably over the past year, as more people fall down the Bitcoin rabbit hole. According to a study by payment processor PaySafe, most cryptocurrency enthusiasts are willing to put their money where their mouth is and get paid in cryptocurrencies, ditching fiat once and for all.
The report “Inside the crypto community: Plotting the journey to mass adoption” was published on January 11, 2022, revealing the most important trends among cryptocurrency users in the US and UK. The results are encouraging for those who are confident in a positive evolution of the cryptocurrency industry and the adoption of these technologies on a global scale.
Cryptocurrencies are the future, just not the present
The research covered a wide range of

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Man Behind 29000 Bitcoin Ponzi Scam is Arrested in Brazil

12 days ago

Johann Steynberg, a South African known for running the multi-million dollar Ponzi scam Mirror Trading International (MTI), was recently arrested in Brazil.
This would be yet another large-scale arrest for the country. A few months ago, Claudio Oliveira of the Bitcoin Banco group was also put behind bars for the disappearance of 7,000 Bitcoin from his investors in 2019.
Brazil Scores Another Point Against Crypto Scams
Johann Steynberg managed to fraud thousands of people all around the world after creating a Ponzi scheme and promising returns of up to 10%. According to preliminary estimates, more than 29,000 bitcoins were stolen by Steynberg’s company.
Johann Steynberg was arrested in Goiânia, the capital of the Brazilian state of Goiás. As per an official press release

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PayPal is Working On its Own Cryptocurrency: PayPal Coin

14 days ago

If the market crash got you nervous and you thought the crypto industry was dead, you might want to change your mind. PayPal, the global e-payments giant, is working on developing its own cryptocurrency.
PayPal is exploring the development of a stablecoin, possibly pegged to the U.S. dollar, although there is no information on a roadmap for the project. Speaking to Bloomberg News, Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, revealed that the endeavor was just an exploratory, yet very serious, even though there were no concrete plans for a practical implementation yet. He assured, however, that if approved, the currency would meet all necessary regulatory standards:
“We are exploring a stablecoin; if and when we seek to move

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NVIDIA Strikes Deals With Metaverse Marketplaces. Distributes Free Copies of its Omniverse Software

17 days ago

NVIDIA, the global manufacturer of graphics processing units and integrated circuit technologies for workstations, personal computers, and mobile devices, wants to step up its efforts to develop more products for the metaverse.
The metaverse is a concept that describes the next generation of internet content, where users will be able to interact with objects (and other humans) in virtual worlds in a deeper, multisensorial, richer way. It involves technologies like Virtual Reality, Augmented Reality, Non Fungible Tokens, Artificial Intelligence, Cryptocurrencies, Procedural Image Generation, among a huge number of other developments.
Build the Metaverse (For Free)
As reported by Reuters, NVIDIA is not developing a metaverse or creating metaverse-focused objects. Instead, it

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Use of Replace By Fee in Bitcoin Transactions Skyrocketed in 2021

23 days ago

Would you be willing to overpay to have your stalled Bitcoin transaction processed more quickly? Data shows that you most certainly would.
The use of Replace by fee —a transaction feature on the Bitcoin network that allows increasing the fee once the transaction is submitted— more than doubled in 2021, in what may be a sign that Bitcoin adoption has also led to increased competition among users to put their transactions on the next block.
Replace By Fee: The Old Hidden Secret That Some Bitcoiners Are Discoverying Today
According to statistics compiled by Bitcoinops, the use of Replace by Fee transactions rose from 14% to 28% so far this year.
The data shows that out of every 144 Bitcoin blocks, almost a third of the transactions had used the fee-boosting option first

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Turkey President Announces a Cryptocurrency Bill, Speaks of a New Economic Model

28 days ago

Santa Claus could be granting the wishes of Turkish cryptocurrency enthusiasts as the country embarks on a revolutionary change in its cryptocurrency policy.
Turkey’s President Recep Tayyip Erdoğan said today in a press conference that he expected the nation to make a leap forward with a new economic model, and as a first step, he would touch the crypto industry by creating a law to promote their legal use in the country.
Turkey President Talks of a New Economic Model
The President of Turkey highlighted his interest in the topic of cryptocurrencies. He explained that his staff has a Crypto Bill ready to be sent to the Congress for discussion as soon as possible.
“We will take steps on this issue by sending (the bill) to Parliament without delay. Turkey will make a leap

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CryptoCom Buys an Ad Space For The Super Bowl 2022 As Its Last Major Business Move of the Year

December 23, 2021 isn’t stopping in its ambitions to expand inside the United States and has decided to close the year with a major publicity stunt.
The third-largest exchange in the ecosystem, according to Coingecko data, will have a privileged space on all US TV screens in two months, after having purchased an advertising space in the renowned Super Bowl – the country’s most important American football competition – to be held in February 2022.
For the sake of perspective, the 2021 Super Bowl had a rating of 96.4 million viewers, and that number was the lowest audience in the last 14 years. Official U.S. government estimates that 332,396,263 people live in the country. In other words, almost a third of the country watched the worst-performing Super Bowl in the last 14 years.

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Kraken Acquires a Cryptocurrency Staking Platform To Expand Its Services

December 22, 2021

Kraken is stepping up its crypto game. After a successful year, the U.S. exchange decided to close 2021 with the acquisition of Staked, thus expanding its token staking capabilities and generally improving the quality of its services.
Staked is a non-custodial crypto staking platform, which facilitates the secure storage of assets while providing attractive yield options for investors.
An Acquisition That Makes Sense
According to a P.R. shared by the Kraken team, the exchange bought Staked for an undisclosed sum, and Staked’s clients will now become Kraken clients across the board.
That is, instead of having several projects running in parallel, Kraken will condense all services onto its platform. Jesse Powell, CEO and co-founder of Kraken was quite optimistic about the

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RadioShack Announces a New DeFi And NFT Collection

December 19, 2021

This year, Radioshack, the legendary seller of electronic components and specialized hardware, turned 100 years old, and what better way to celebrate its longevity than to change its line of business to fully embrace the world of cryptocurrencies with the launch of a DeFi protocol and an NFT collection.
In a move that left a good portion of assiduous Crypto Twitter users scratching their heads, the company changed its Bio and website to promote its new vision of launching and promoting a DeFi project.

RadioShack: we’re going to bridge the gap between DeFi and our 75 yr old customers – the mainstreamMe: how’re you going to do that, RadioShack?RadioShack: we’re going to make a swap in partnership with Atlas USVRadioShack customers: a where-who-what now?

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Opera and Solana Announce Partnership to Support dApps and a Wallet In the Browser

December 11, 2021

Step aside, Brave, Opera Browser wants to become the king of Web 3 browsers.
In an official blog post on Friday, December 10, Opera announced a partnership with Solana Labs to add native support for the popular blockchain, allowing it to run a native Solana wallet along with all the dApps in the ecosystem.
Solana Goes To The Opera
The Opera team said on Twitter that the integration was expected to be ready by Q1 2022. By then, users should be able to enjoy all the benefits of the blockchain in desktop and mobile browsers without any restrictions

Opera joins forces with @Solana!? The integration will enable Opera Android users to enjoy seamless access to Solana DApps alongside low-fees and fast transactions within the ecosystem. You’ll be able to access it through Opera in

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Kickstarter To Launch a Blockchain Project Running on Celo

December 9, 2021

Kickstarter, the world’s most famous crowdfunding platform, wants to dive headfirst into the blockchain world, changing the technology behind its business model while still offering the same user experience.
The firm explained in an official blog post that this decision is part of an effort to find better tools to fulfill its mission of bringing creative projects to life through community collaboration.
Kickstarter Wants to be Decentralized —And Green
Kickstarter is not becoming a complete blockchain initiative just yet. To begin this new phase, the corporation created an independent organization responsible for building an open-source protocol that emulates the functionality of Kickstarter’s core platform but in a decentralized way.
This independent organization will be

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Colombia: Gemini and Bancolombia Will Start Offering Crypto Services Next Week

December 7, 2021

People in Colombia will soon have a new option to buy their favorite cryptocurrencies using their bank accounts just as easy as they buy any other product.
The US-regulated cryptocurrency exchange Gemini announced that it had finally completed all the necessary steps to move to the implementation phase of a project that would allow Colombians to buy cryptocurrencies with the funds stored on their Bancolombia accounts.
This partnership is of great importance for the development of the local crypto industry as Bancolombia is the largest bank in the country, with total assets ammounting to $275.76 billion in 2020 and over 16 million users in the same year.
Gemini and Bancolombia Partner to Offer Crypto Services in Colombia
Although the move could serve as a frictionless

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Kraken Announces Support for Shiba Inu (SHIB)

November 30, 2021

The cute Shiba Inu puppy bit the bloodthirsty Kraken and infected it with bullishness.
Kraken, the eighth largest cryptocurrency exchange in the world according to Coingecko, announced today that it would start supporting the trading of Shiba Inu (SHIB), a Dogecoin-inspired cryptocurrency that has gained a lot of popularity after the boom of the meme tokens during the COVID-19 lockdown.
Trade Shiba Inu On Kraken… NOW!
The exchange doesn’t want to wait another second for its users to start messing around with the token, and its Twitter announcement makes that clear, in all caps, exclamation points and all:

New Listing on Kraken: @Shibtoken ?$SHIB deposits begin NOW! Trading is live November 30.
➡️ Learn more:
— Kraken

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Omicron (OMC) Cryptocurrency Spikes 716% After WHO’s Name Choice for the Latest COVID-19 Strain

November 29, 2021

This may be good news or bad news – depending on how you take it.
A small-cap cryptocurrency surged 716% over the weekend… following the WHO’s naming of the most dangerous strain of COVD-19 after it.
Omicron Shows Why Names Matter
Omicron (OMIC), a cryptocurrency that defines itself as a decentralized reserve currency protocol available on the Arbitrum Network, started giving joy to its hodlers around noon on November 27, when it broke through resistance near $70 and rose to $187 in less than half an hour.
From there, prices went wild, and the token reached a daily high of about $242.
The greedy folks who didn’t cash out after this amazing surge of interest saw their bravery rewarded the next day when each OMIC climbed to trade on the order of $430 at its peak.

Price of

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Anthony Scaramucci: Cryptocurrency Markets Had Their Black Friday On November 26

November 27, 2021

Today was an ugly day for the cryptocurrency world. In fact, it was a bad day for the financial markets in general. The U.S. stock indexes fell 2% on average, the FTSE lost 3.64%, the DAX was down 4.15%, oil futures tumbled more than 10%, and cryptocurrencies lost more than $200 billion in capitalization.
All because of fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the B.1.1.529 variant of the coronavirus. It has a high number of mutations that could make it immune to the antidotes developed to date.
Stock Markets in Nov. 26, 2021. Source: CNNAnthony Scaramucci is Bullish on Bearish Times
However, while some are rushing to sell their assets in fear, others take

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Jerome Powell Could Slow Down The Cryptocurrency Industry, Mike Novogratz Says

November 26, 2021

Mike Novogratz is not happy with U.S. President Joe Biden’s decision to pick Jerome Powell to chair the Fed for a second term. And he’s speaking not as a Bitcoiner but as an overall investor: He believes Powell could be detrimental to the markets’ growth.
In an interview for CNBC this week, Novogratz hinted that from his point of view, Jerome Powell had failed to understand the political and economic reality of the United States and that the markets have a similar view, being pessimistic about his tenure.
Careful With Jerome Powell
Speaking about the cryptocurrency market, Mike Novogratz said that “people are getting pretty bearish” on crypto after Jerom Powell’s appointment, especially following the changes in the “macro story.”
“We have inflation showing up, you know, in

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Ripple And The Republic of Palau Partner to Create a Digital Currency

November 24, 2021

Despite the problems, Ripple has not given up on its mission to become a significant player in the global payments industry, and even though things are not going so well with the United States, one country is looking at the company as the best option to develop a domestic currency based precisely on U.S. dollars: Palau.
According to a Press Release shared by Ripple, Palau chose the XRP Ledger to create digital dollars to circulate internally in the country. The idea, Ripple explains, is to design a USD-backed stablecoin around which could be developed other services like corporate registries.
Palau is Ripple-Friendly —But Not Enought To Adopt XRP
Palau does not have a fiat currency of its own. Like El Salvador, citizens use the U.S. dollar as legal tender. However, the

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Ethereum’s Problems are Hindering its Leadership in the Defi Ecosystem, Experts Say

November 22, 2021

The debate over the feasibility of using Ethereum as the Swiss Army of the crypto-verse is heating up again now that DeFi, gaming, and NFT are enjoying a recent surge in popularity.
But the outlook is not very positive considering the current state of affairs. The impact of xcessive fees, long confirmation times, and slow updates is starting to worry retail users, techies, and large investors.
Ethereum Developers Should Focus on L1
Faced with the difficulties of delivering a satisfactory user experience, Ethereum developers are beginning to move to rival blockchains that have capitalized on this app migration to expand their reach and increase their own market capitalization.
Blockchains like Solana, Binance Smart Chain, and Avalanche have seen a significant rise during

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Shiba Inu and Dogecoin: The Most Searched Cryptocurrencies on Google USA During November

November 21, 2021

Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution.
Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of Americans, trending in 30 of the 50 United States.
Dogecoin Conquers Almost Half Of The United States
According to a study by research firm The Advisor Coach covered by Business Insider, there was an average of 7 million searches for content about Dogecoin last month. Such a level of interest exceeds the

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$3.5B Worth of Crypto Seized by the IRS Cybercrime Unit in 2021

November 20, 2021

The United States Internal Revenue Service (IRS) released its annual report on criminal investigations, and cryptocurrencies played a starring role in the area of cybercrime.
According to the IRS cybercrime unit’s report, more than $3.5 billion in cryptocurrencies were seized during 2021. This would make up to 93% of all seizures made in 2021.
The Most Famous Crypto Cases Solved by The IRS:
Among the most successful crypto cases closed by the IRS cybercrime unit are:
The seizure of more than $1 billion in cryptocurrencies from “Individual X,” who had successfully hacked into Silk Road and gotten away with part of its funds. The IRS said that an unidentified third-party company assisted its personnel during the investigation.
The arrest of Roman Sterlingov, who ran the

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Peru is Working on a CBDC With The Help of Other Countries

November 18, 2021

Peru is joining the list of Latin American countries that are actively working on the development of a CBDC.
In a panel on economic institutions organized yesterday during the Annual Conference of Executives (CADE), the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, explained that the country is making progress in the creation of a digital monetary system that will make it possible to meet the challenges arising in the financial world.
Peru Wants a CBDC
According to statements posted on Twitter, the head of the Central Bank explained that the country has been able to overcome the challenges brought by the coronavirus pandemic, but that strategically they have felt the need to innovate in the way they handle finances.
Velarde explained that the

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Bitcoin is The Worst Cryptocurrency For The Environment, Stellar is the Best One —Research Says

November 14, 2021

Cryptocurrency mining and environmentalism did not usually go hand in hand in conversations about the development of the blockchain industry, but one tweet from Tesla CEO Elon Musk was enough for the crypto community to start worrying about what Bitcoin and Proof-of-work miners are doing to the planet.
An investigation by Forexsuggest studied several cryptocurrencies and measured how polluting they are, calculating the estimated carbon emissions and the amount of resources that would be needed to counteract their effects.
As they explain in the report, they took data from Statista, Business Insider India, Laptop Mag, and other sources. Upon compilation, they computed the carbon emissions and the growth rate of such emissions.
Bitcoin, Ethereum and Bitcoin Cash: The Worst

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Miami Will Distribute Free Bitcoin To Its Residents Thanks To Miami Coin’s Success

November 12, 2021

Francis Suarez, the cryptocurrency-loving mayor of Miami, announced that he was working on a program to give free Bitcoin to the residents of his city thanks to the good results achieved by his city’s crypto project Miami Coin.
In an interview for CoinDest TV, Suarez explained that he was looking for a way to distribute part of Miami Coin’s yield to the people of Miami. While some parameters are still to be defined, the idea is already well advanced.
Miami Coin Paves the Way For More Bitcoin Exposure to Miami Residents
Miami Coin is a cryptocurrency that seeks to boost the city’s development by financing strategic projects. The technical part is responsibility of the startup CityCoins. At the same time, the administrative and political aspects are directly managed by the

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Twitter Announces a Team To Focus on Crypto, Dapps, NFTs and Blockchain Technology

November 11, 2021

Twitter, the darling social network of all crypto enthusiasts, is determined to boost the decentralized technology industry and has created a dedicated crypto team focused on developing solutions for crypto, dapps, and DeFi.
Engineer Tess Rinearson will lead the team. Before joining Twitter, Tess was involved in the development of Tendermint Core, also working with, the Interchain Foundation, and Cosmos.
Hello Twitter Crypto
As Tess Rinearson explains in a thread, the team will work in the area of cryptocurrencies, blockchain, and other decentralized technologies to create solutions that are not necessarily related to the financial domain.

I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized

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Mastercard to Support Cryptocurrency-linked Credit, Debit and Prepaid Cards in The APAC Region

November 9, 2021

Mastercard is expanding its horizons, bringing cryptocurrency payments to the Asia Pacific region.
Mastercard has developed the world’s most extensive payment network, with more than 36 million points of sale in more than 210 countries, according to official figures.
Mastercard Offers More Options For The Crypto Enthusiasts
Despite surpassing the hundred or so supported currencies and payment methods, Mastercard has been testing compatibility with cryptocurrencies for some time. Now, it has managed to close a partnership with the financial services provider Amber Group —from Hong Kong—, the Thai cryptocurrency exchange Bitkup and the Australian service for buying and selling cryptocurrencies CoinJar.
Logos of Mastercard, Amber, Coinjar and Bitkub. Source: MastercardThe

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Bitcoin Trades Sideways As US Congress Passes The Controversial Infraestructure Bill

November 6, 2021

The US Congress has just passed legislation that could potentially change the way Americans think about Bitcoin and the cryptocurrency industry. The approval of the infamous Infrastructure Bill, which received a final vote of 226 to 206, is a controversial moment for the budding industry.
If the bill is signed by US President Joe Biden, then most of the crypto businesses registered in the United States —like Coinbase, Kraken, or even a DEX developed in America— would be considered as brokers and will have to report their transactions to the IRS.
This will require crypto traders to file 1099 forms with the IRS. American crypto businesses will also have to reveal the names and addresses of their clients.
Because of its nature, many crypto companies voiced their concerns that

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Binance is Tracking the Squid Game Scammers and Will Hand the Intormation to Authorities

November 4, 2021

The masterminds behind the Squid rug pull are probably enjoying the good life after stealing more than $3 million in a matter of seconds. But Binance is doing everything it can to make sure their party is short-lived.
Binance, the largest cryptocurrency exchange platform in the world, is tracking the scammers. According to Barron’s, an intelligence team is auditing the blockchain, gathering information to hand over to the authorities and help apprehend the scammers.
Binance Wants Scamers to Pay
A Binance spokesperson assured that these strategies have become very popular in the crypto ecosystem recently and that they were working to trace the funds and provide the authorities with as many leads as possible to identify the perpetrators.
“(Binance) is blacklisting addresses

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