Crypto news

The police in South Africa are looking into a possible crypto scam case after an investment company attempted to reimburse some investors from the now-defunct Africrypt exchange. Police Launch Closer Look at Africrypt Bloomberg informed that South African Police forces across four provinces, including Durban and Johannesburg, are currently investigating reports in connection to the alleged Africrypt scam from 2021 involving co-founder brothers Raess and Ameer Cajee. The...

2TM Group, the parent company of Brazil’s largest cryptocurrency exchange Mercado Bitcoin, reportedly acquired a controlling stake in Portuguese-based digital asset trading venue CriptoLoja. Last year, the latter became the first platform in Portugal with an official license as a “virtual asset service provider.” Pushing into Europe According to a January 12 report by Reuters, the Brazilian organization, valued at approximately $2.2 billion, declined to disclose the terms of...

A man in Fayetteville, North Carolina claims to have lost his entire life savings to a cryptocurrency scam. Jaqueall Jackson had as much as $15,000 in crypto saved up but lost it all through a scam investment opportunity he learned about through Facebook. How Jaqueall Jackson Lost All His Crypto In an interview, he stated: That was my entire savings right there. I lost $15,000… I constantly kept getting messages that were getting sent down by people saying the success of...

After the most recent correction in which BTC lost 15% of value in days, bitcoin miners have started to accumulate in large portions once again. At the same time, yesterday saw the most significant bitcoin withdrawal from crypto exchanges since September. Bitcoin Miners Change of Strategy Being the backbone of the Bitcoin network, miners’ behavior in regards to their BTC holdings is essential for the overall landscape around the asset. Typically, they tend to sell after a...

The reality TV star, Kim Kardashian and the boxing legend, Floyd Mayweather, are among the targets of a recent lawsuit. Filed in a Los Angeles federal court on January 7, the suit alleges that the duo and other celebrities misled investors by promoting a digital currency known as EthereumMax (EMAX). Misrepresentation of Facts to Pump EMAX Token Price The plaintiff, according to court documents, represents investors who invested in “the Ethereum Max scheme” from May 14 through...

John Reed Stark – former head of the internet enforcement team with the Securities and Exchange Commission (SEC) – believes that every business in the U.S. accepting cryptocurrency as a method of payment is likely to stop by the time 2024 begins. John Stark Believes Crypto Will Serve No Purpose in 2 Years The reasoning behind his statements has to do with new cryptocurrency reporting laws that are set to take effect after December 31, 2023. The hurdles in the new...

Following a bloody start to the new year of 2022, including a dip below $40K, Bitcoin finally sees some green. This analysis will determine if a local bottom was found and some relief to the bulls. Options Market Analysis This coming Friday, January 14th, approximately $690 million worth of bitcoin options contracts will expire on Deribit’s exchange, with a max pain level of $44K, as can be seen below. Currently, the put options open interests are significantly high, which...

Leading Ethereum layer-2 scaling solution, Polygon, announced today that the much-awaited Ethereum Improvement Proposal (EIP) 1559 upgrade will go live on the mainnet next week. Polygon’s London HardFork Set to go Live In an official announcement on Wednesday, the India-based project noted that the upgrade, which will initiate the burning of MATIC, is scheduled to go live on the mainnet on January 18, 2022 at about 8 a.m. UTC. The EIP-1559 upgrade, commonly known as the...

Speaking to CNBC on Jan. 11, the billionaire investor said he looks for utility when researching crypto investments. He followed up with “tokens trading are the least important part of crypto” in a Tuesday tweet. Decentralized platforms leveraging smart contract technology and DAOs are his preferred choices, he stated. Tokens trading are the least important part of crypto. Being able to create businesses on decentralized platforms leveraging smart contracts, validators,...

In 2018, Siraj Raval purchased a Tesla Model 3 electric vehicle. Today, he doesn’t just use it to get from point A to point B… He uses it to mine cryptocurrencies like bitcoin and Ethereum. You Can’t Buy a Tesla with Crypto, but You Can Use it for Mining Raval has run bitcoin mining software on the Apple Mac mini M1 computer located within the car. He has also plugged an inverter into the 12-volt power socket located within the vehicle’s center. While engaging in this...