marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
blockchain
11/18/2022
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By Kevin Hughes
Crypto Nostradamus John Perez: Cryptocurrency scam is THE SCAM of the century
For Crypto Nostradamus John Perez, the cryptocurrency scam is the scam of the century. “They are all playing games, sucking money out and moving it. And the crypto scam is literally the scam of the century because it just makes every other scam. But the crypto ecosystem, in my opinion, is gone. It is dead […]
11/18/2022
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By JD Heyes
Feds introducing ‘digital’ currency that government can ‘program’ to control individual behavior
As the United States is preparing to enter a significant and purposeful recession that could eventually trigger a full-blown depression, the Federal Reserve has announced a “digital currency pilot program” at all 12 of its banks — currency that the government will be able to “program” in a way to control personal spending habits and […]
11/10/2022
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By Arsenio Toledo
Report: Crypto exchange Binance still serving Iranian clients, allowing them to trade despite sanctions
Cryptocurrency exchange Binance has been aiding Iranian firms to circumvent American sanctions intended to cut Iran off from the global economy by processing nearly $8 billion worth of transactions since 2018. With over 120 million users, Binance is the world’s largest platform for exchanging cryptocurrency assets with fiat money or even with physical assets like gold and […]
08/11/2022
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By Belle Carter
US Treasury group blacklists cryptocurrency mixer Tornado Cash over predictable “money laundering” claims
The Department of the Treasury‘s Office of Foreign Assets Control (OFAC), a U.S. government watchdog agency, sanctioned cryptocurrency mixer Tornado Cash on Monday, August 8. The OFAC said Americans could no longer use the app because it “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls […]
08/04/2022
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By Arsenio Toledo
Solana blockchain targeted in cyberattack, hackers stole $5.2 million worth of crypto assets from around 8,000 wallets
Approximately 8,000 digital wallets connected to the blockchain platform Solana have been targeted by hackers, who have drained them of over $5.2 million worth of digital assets – including the platform’s own sol coin, USD Coin (USDC) and a small number of non-fungible tokens. According to Twitter account Solana Status, which provides status updates for the Solana […]
07/29/2022
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By Belle Carter
Coinbase shares down 21% following reports that it is facing SEC probe
Coinbase shares has tumbled following reports that the crypto firm is facing Securities and Exchange Commission (SEC) probe. The SEC is set to investigate whether Coinbase has improperly allowed users to trade digital assets that have not been registered as securities. Subsequently, company shares closed down more than 21 percent on Tuesday, July 26. According to reports, the firm has […]
06/29/2022
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By Arsenio Toledo
Hackers steal over $104 million worth of crypto assets from blockchain bridge
Hackers have stolen approximately $104 million worth of cryptocurrency from cryptocurrency startup Harmony, which hosts the Horizon “blockchain bridge.” Blockchain bridges facilitate communication between different blockchains and allow users to send cryptocurrencies and other assets like tokens and NFTs between different blockchains. These bridges play big roles in the world of decentralized finance (DeFi), as the spread-out nature […]
06/16/2022
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By Kevin Hughes
Frenzied hedge fund selling erupts right before Fed raises interest rates
Hedge funds tracked by Goldman Sachs Group Inc. offloaded U.S. equities for a seventh straight day Monday, June 13, as the equity rout worsened amid concerns that the Federal Reserve will need to rush its inflation-fighting campaign at the risk of causing an economic recession. Those concerns were not unfounded as the Federal Reserve on Wednesday, June […]
05/24/2022
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By Arsenio Toledo
Celebrity-endorsed NFTs lose value, leaving investors with virtually nothing
The value of non-fungible tokens (NFTs) is decreasing rapidly, leaving investors with virtually nothing. One of those investors is Tyler, 35, a property manager from Florida whose family runs a small trucking company. He put together about $12,000 with the help of his family to buy NFTs after Floyd Mayweather touted an obscure NFT project […]
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
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