Results aren’t living up to expectations for a quick recovery held by many of the investors who received new Luna tokens following last month’s collapse of the cryptocurrencies tied to the failed ... ( read original story ...)
Crypto has crashed – can it bounce back?
Plummeting prices and lost life savings confirmed for many that the blockchain dream was too good to be true – and it may now struggle to hit past highs ... ( read original story ...)
Americans Have Lost $1 Billion to Crypto Scams Since Last Year, Feds Say
The uptick in scammery is so bad that about one in four dollars stolen via fraud is now being reported stolen using crypto, according to the FTC. ( read original story ...)
Americans Have Lost Over $1 Billion to Crypto Scams. This Week’s Top Bitcoin and Crypto News
Consumers have lost over $1 billion to cryptocurrency scams since 2021 began, FTC says. Since the start of 2021, more than 46,000 Americans have collectively lost over $1 billion ... ( read original story ...)
Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’
Assemblymember Anna Kelles speaks to CNBC about her New York mining moratorium bill. "It's important to understand that it's not a ban," she said. But critics say it singles out a particular use of ... ( read original story ...)
Search Continues for Source of TerraUSD Crypto Bank Run
In decentralized finance, it isn’t easy to understand who provides money for loans, where the money flows or how easy it is to trigger currency meltdowns. ( read original story ...)
More than 46,000 people have lost more than $1 billion to crypto scams since 2021, says FTC
More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the Federal Trade Commission on Friday. Losses last year were nearly ... ( read original story ...)
Crypto Giant Begins Rescinding Offers Amid Hiring Freeze as Market Continues to Tumble
Popular crypto exchange platform Coinbase has not been immune to this, announcing two weeks ago that the company would begin slowing down its hiring process due to volatile conditions in the market. ( read original story ...)
FTC says victims of crypto scams have lost more than $1 billion since 2021
The world of crypto continues to draw scam artists and fraud. People have reported losing a combined total of over $1 billion due to crypto scams since the beginning of 2021, according to an FTC ... ( read original story ...)
Univest Securities, LLC Announces Closing of $25 Million IPO for its Client Zhong Yang Financial Group Limited (Nasdaq: TOP)
Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of the initial ... ( read original story ...)
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher Waller said on ... ( read original story ...)
Crypto scams are on the rise, draining more than $1 billion in last year
Americans have lost more than $1 billion to cryptocurrency scams since the start of last year, as criminals exploit rising popular interest in scoring quick digital riches, according to a new analysis ... ( read original story ...)
The Lummis-Gillibrand bill draft promises crypto tax wins
An early version of the bipartisan crypto regulation bill revealed that the senators appear to be listening to the industry’s main tax complaints. ( read original story ...)
A Moratorium on Crypto Mining in New York Could Lead To Environmental Wins Nationwide
On June 3, the New York Senate passed the U.S.’s first statewide moratorium on cryptocurrency mining, aimed at energy-intensive operations that use fossil fuels for power. The measure, which still ... ( read original story ...)
As the downturn hits crypto, a key startup investment source may slow
While the 2021 venture cycle was still booming, every startup sector felt hot. Every geography set records. Founders ruled supreme, venture capitalists lined up to pay steep prices for startup shares, ... ( read original story ...)
Crypto Investors Are Dumping Ethereum For Bitcoin As Risk Aversion Deepens
The ether-bitcoin ratio has breached the 1.5-year bullish trendline, indicating continued risk aversion in the crypto market. ( read original story ...)