A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still rampant in the space. Ryan Korner from the IRS Criminal Investigation’s Los Angeles field office made the comments virtual event held on Tuesday by the USC Gould School of Law, Korner. Bloomberg reports Korner … [Read more...] about Crypto’s the future but there are ‘mountains of fraud’
Cryptos
Fantom, Harmony Lead Gains in Major Cryptos as DeFi Narrative Heats Up
Harmony enjoyed much of its hype in the past month with the rise of DeFi Kingdom, an integrated game, exchange, and non-fungible token (NFT) project that’s locked over $740 million worth of its native token, JEWEL, and other assets since its launch. Source link … [Read more...] about Fantom, Harmony Lead Gains in Major Cryptos as DeFi Narrative Heats Up
Polkadot, Solana Biggest Losers Among Top Cryptos
Among the top ten cryptocurrencies by market capitalization, tokens of Ethereum rivals Avalanche (AVAX), Terra (LUNA), and Solana (SOL) – the so-termed ‘SoLunAvax’ trade – fell as much as 12% in the past 24 hours. Polkadot (DOT), another Ethereum rival, saw its tokens fall by 14% before seeing a slight revival in Asian hours on Thursday. Source link … [Read more...] about Polkadot, Solana Biggest Losers Among Top Cryptos
Fantom (FTM) Surges, NEAR Sets Highs as Major Cryptos Stagnate
Native tokens of the Fantom and Near blockchains surged as much as 20% in the past 24 hours amid a continuing trend of investors betting on the growth of layer 1 protocols. The NEAR token hit a new all-time high of $17.48 before a brief sell-off at the time of writing.The moves defied stagnation in the price movements of major cryptocurrencies, such as bitcoin and ether, which … [Read more...] about Fantom (FTM) Surges, NEAR Sets Highs as Major Cryptos Stagnate
Ape Theft Is an Expensive Way to Learn About Crypto’s Security Philosophy
Last week, an NFT trader named Todd Kramer made a simple plea on Twitter.“I been hacked,” he wrote. “All my apes gone. This just sold please help me.”Kramer was referring to his cache of Bored Ape Yacht Club non-fungible tokenss – now the single most valuable franchise of crypto collectibles. They’ll run you about $276,000, at the cheapest, and Kramer had eight of them, along … [Read more...] about Ape Theft Is an Expensive Way to Learn About Crypto’s Security Philosophy