Police arrest fraudsters behind ‘crypto trading academy’ scam in Spain

Photo by Kindel Media on Pexels.com Lorena’s daughter was just 17 when she joined the IM Academy, an online trading course that promised to bring her wealth and success by training her in foreign exchange and cryptocurrency investing. But like hundreds of other young people in Europe, Lorena’s daughter ended up being sucked into what Spanish … Continue reading Police arrest fraudsters behind ‘crypto trading academy’ scam in Spain

How to differentiate between Web 3.0 and the Metaverse

There are few things in life that are certain, and in the digital age, there is one more certainty we can add to that list--the internet will always be evolving. And today's latest evolution speaks of Web 3.0 and the Metaverse. These are not just trending topics that are going to fade into oblivion and … Continue reading How to differentiate between Web 3.0 and the Metaverse

Is Bitcoin about to become a reserve currency?

Photo by David McBee on Pexels.com A crypto platform's pledge to amass $10 billion (€9.2 billion) worth of Bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown Bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly … Continue reading Is Bitcoin about to become a reserve currency?

Why crypto giant Binance is investing in France

Binance, the world’s biggest cryptocurrency exchange, has set its sights on France and announced it will help develop Web3 and blockchain projects in Paris. Binance boss Changpeng Zhao, nicknamed "CZ", said at the Paris Blockchain Week Summit event on Wednesday that France can become the Web3 and cryptocurrency leader of the future. “I think France … Continue reading Why crypto giant Binance is investing in France

Crypto buyers have no protection against losses, EU regulators warn

Photo by Ivan Babydov on Pexels.com Crypto investors risk losing all their money invested in speculative, "too good to be true" assets and are at serious risk from fraudsters, the European Union's securities, banking and insurance watchdogs said in a joint statement. "Consumers face the very real possibility of losing all their invested money if they … Continue reading Crypto buyers have no protection against losses, EU regulators warn

Say goodbye to crypto losses

Photo by Ivan Babydov on Pexels.com Investing in crypto may sound like taking a huge risk to many people. After all, it’s no news that the crypto market is volatile, far more volatile than the stock market.The more daring investors still take the plunge anyway because, as the saying goes, the higher the risk, the … Continue reading Say goodbye to crypto losses

Edmund Chen recoups $53k from NFT painting

Local actor Edmund Chen has stepped into the world of non-fungible tokens (NFTs). The 61-year-old auctioned off an NFT painting for 15 Ether on Feb 22 — worth $53,237.10 on the day of the auction — Shin Min Daily News reported. The painting, titled Spring — Cherish the Moment, is part of a series of blockchain paintings conceived by Edmund himself called … Continue reading Edmund Chen recoups $53k from NFT painting

Why China banned Bitcoin mining

Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows. The joint study, titled Revisiting Bitcoin's Carbon Footprint, showed that the share of renewable electricity sources that fuel … Continue reading Why China banned Bitcoin mining

A highlight of metaverse risks in China

The virtual space network is the primary target of scammers and fraudsters, regulator warns. The China Banking and Insurance Regulatory Commission warned on Friday about the associated risks the emerging metaverse technology could bring as the virtual space fever sweeps the world. The watchdog said in a statement published on its website that some companies … Continue reading A highlight of metaverse risks in China

How Are NFTs Different from Cryptocurrencies?

Over the past decades, the cryptocurrency and blockchain industry at large has been a global phenomenon. Investors and companies are paying tremendous focus and attention to this industry. Photo by Ivan Babydov on Pexels.com Also, top institutional investors have been looking into the field since the emergence of Bitcoin. Since then, the value of the … Continue reading How Are NFTs Different from Cryptocurrencies?

Russia’s government and central bank approve cryptos as currency

Russia’s government and its central bank have reached an agreement on how to regulate cryptocurrencies, according to a statement released by the government. Photo by David McBee on Pexels.com The agreement comes after the Bank of Russia last month proposed banning Bitcoin miners and other crypto operations because of concerns it may cause financial instability, citizens well-being, … Continue reading Russia’s government and central bank approve cryptos as currency

Ukraine Crisis: Bitcoin donations pour in to support military amid tensions with Russia

Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces, according to a report showing such groups received more than $550,000 (€480,000) worth of cryptocurrency in 2021. Photo by David McBee on Pexels.com The report, published on Tuesday by blockchain researcher Elliptic, suggests digital currencies are … Continue reading Ukraine Crisis: Bitcoin donations pour in to support military amid tensions with Russia