cryptocurrency
Binance Launches “First-of-its-Kind” Crypto Education Hub in Francophone Africa
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BitBoy Crypto sues fellow YouTuber Atozy for defamation over shilling claims
Two prominent YouTube content creators are set to lock horns in a legal battle over a cryptocurrency video allegedly promoting a project that ended up being a scam. Bitboy Crypto, a YouTube channel founded by Ben Armstrong, produces a variety of content focused on cryptocurrency news, projects and tokens and trading advice. The channel has been active since February 2018 and has over 1.4 million subscribers. The channel is known for its news pieces and trading-focused videos with headlines like Top 3 Coins To Outperform Ethereum! (Strong Short Term Play)typifying the type of content disseminated to viewers. While these videos purport to offer trading advice, the channel has a disclaimer clearly stating that Armstrong is not “a professional advisor in business areas involving finance, crypt...
Celebrities, Influencers & The Crypto Scams They Promote
Non-fungible tokens, more commonly known as NFTs, and cryptocurrency are still making waves for all the wrong reasons – scams, cons, and phishes are giving these digitally-driven technologies a bad reputation. As Anna Collard, SVP Content Strategy and Evangelist at cybersecurity awareness firm KnowBe4 Africa, explains, this is largely due to the fact that the line between legit and scam is becoming very blurred and very hard for most people to see. “Digital assets like NFTs are being used to drive engagement in the virtual space,” says Collard. “They are also used to handle brand collaboration, reward consumers, and build brand loyalty and customer connections. However, they’re not necessarily working as well as they should, and already there are court cases with celebrities and influencer...
Crypto Dealer Binance Adds Support for the ZAR
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Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee
On Thursday, cryptocurrency exchange Hotbit said it “suspended trading, deposit, withdrawal and funding functions,” with no timeframe for resumption. In explaining the decision, Hotbit stated: “A former Hotbit management employee who left in April this year was, unbeknownst to Hotbit, involved in a project in 2021 that law enforcement authorities now think is suspected of violating criminal laws. As a result, a number of Hotbit senior managers have been subpoenaed by law enforcement since the end of July and are assisting in the investigation. Furthermore, law enforcement has frozen some funds of Hotbit, which has prevented Hotbit from running normally.” The firm further claims that the remainder of its employees are not involved in the project and possess no knowle...
The UK cannot afford to send mixed messages on crypto
The United Kingdom is paving the road for cryptocurrency services, courting startups and established players alike while leading the way in pioneering regulation on stablecoins and nonfungible tokens. But a lot has changed. After two years of deliberations, European Union lawmakers achieved agreement on the Markets in Crypto-Assets (MiCA) regulation, marking a pivotal moment for harmonized supervision of the sector on such a scale. This followed United States President Joe Biden’s executive order recommending a whole-of-government approach toward the responsible development of digital assets within the United States. The U.K. has also seen major political shifts during this period, including the resignation of Treasury Minister John Glen, whose April speech supporting the industry represen...
CBOE’s operating expenses spiked 312% due to underperformance of acquired crypto firm
On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE explained: “This was primarily due to the $460 million impairment of goodwill recognized in the Digital reporting unit, driven by negative events and trends in the broader digital asset environment. The said environment has changed dramatically since we closed the ErisX transaction on May 2, which resulted in the accounting adjustment.” ErisX enables self-directed individual retirement accounts, or IRAs, for U.S. residents to invest in crypto assets. This was CBOE’s first venture into the digital assets sector; t...
Audius Hacked for $1 Million Via Malicious Governance Proposal
In the midst of a blistering $2 trillion crypto crash that has roiled the blockchain industry, the world’s leading blockchain-based streaming platform has sustained a seven-figure attack. In a malicious exploit that used the platform’s built-in governance structure as a means to withdraw tokens, Audius reportedly sustained a hack which saw the perpetrator make a speedy exit with over $1 million. According to Cointelegraph, the hacker was able to solely request the transfer of 18 million $AUDIO tokens by establishing themselves as the singular guardian of the contract, known as “Proposal #85.” The 18 million tokens were originally worth $6 million at the time, but due to the hacker’s move to hastily dump the reserves on the open market simultaneously, the resul...
The Latest Trends of Bitcoin Trading in Morocco
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Ethereum Developers Secretly Rave In Legendary Paris Gravesite Amid $2 Trillion Crypto Crash
“Leave no trace.” So said the intimate gathering of roughly 100 Ethereum developers who descended upon the Catacombs of Paris for an illegal techno rave. Amid a tumultuous macroeconomic backdrop and $2 trillion crash for the cryptocurrency industry at large, attendees entered the 65-foot deep caverns, which are said to be lined with the skeletal remains of millions of plague victims, effectively making it the world’s largest grave. Crypto developers recently congregated in Paris for the annual Ethereum Community Conference (EthCC), the largest European-based Ethereum summit, where 2,000 gathered for three days. A subset of developers visited the grim, centuries-old attraction, which was not associated with the conference. Scroll to Continue Recommended Articles...
Will Bitcoin’s Woes Only Get Worse?
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Will Bitcoin’s Woes Only Get Worse?
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