Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it. As per a report published in Nikkei Asia, the public security bureau of Chizhou unearthed a crypto rug pull fraud that could be worth 50 million yuan ($7.8 million). The police began an … [Read more...] about Chinese police unearth multi-million dollar DeFi rug pull
Dollar
Pakistan to investigate Binance for multi-million dollar crypto scam
Pakistan's Federal Investigation Agency (FIA) reportedly issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region. The government of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance … [Read more...] about Pakistan to investigate Binance for multi-million dollar crypto scam
Growth of Dollar Digital Currency Creates New Investment Opportunities for Businesses
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Bitcoin Will Replace the Dollar: Jack Dorsey
Bitcoin will replace the dollar Jack Dorsey said on Tuesday, in response to a tweet by rapper Cardi B.Cardi B broadly asked if crypto would replace the U.S. currency to which Dorsey replied “Yes, Bitcoin will.”Yes, Bitcoin will— jack⚡️ (@jack) December 21, 2021The co-founder and former CEO of Twitter is a big supporter of crypto. Dorsey left the social media giant last … [Read more...] about Bitcoin Will Replace the Dollar: Jack Dorsey
Bitcoin dips below $50K as Evergrande defaults on US dollar debt
Bitcoin (BTC) kept $50,000 as a focus on Dec. 9 as consolidation on BTC/USD continued to avoid last week's lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin "appears on track"Data from Cointelegraph Markets Pro and TradingView showed the pair acting within a small range around the $50,000 mark overnight, this yet to become firm support."A crucial area to … [Read more...] about Bitcoin dips below $50K as Evergrande defaults on US dollar debt