The use of CBDC to commit fraud undercuts the narrative that digital currencies issued by nation states will be a better, less-prone-to-fraud alternative to crypto. That this is happening in security-conscious China, which has severely cracked down on crypto is bound to engender a certain about of schadenfreude amongst crypto advocates. Source link … [Read more...] about Chinese Local Government Warns of Digital Yuan Fraud
Warns
Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown
“Aside from activity in the $5,000 and $6,500 calls, we also saw interest in calls at $7,000, $10,000, and $12,000 strikes,” Chu added. Ether’s options market has consistently seen bullish flows over the past month, barring Monday’s large trade in the put options or bearish bets at $3,000 and $4,000 strikes. Source link … [Read more...] about Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown
Bitcoin falls from $66K highs, Tesla down 3% after Elon Musk warns he could sell more stock
Bitcoin (BTC) tested $65,000 as support as U.S. markets opened Nov. 15 as a weekend surge ended in retracement.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts maintain positive BTC price outlookData from Cointelegraph Markets Pro and TradingView showed BTC/USD giving back a chunk of its overnight gains having hit local highs above $66,000.In a move away from … [Read more...] about Bitcoin falls from $66K highs, Tesla down 3% after Elon Musk warns he could sell more stock
FBI Warns of Scams Using Crypto ATMs and QR Codes
The Federal Bureau of Investigation (FBI) is warning that there has been a rise in fraudulent schemes using cryptocurrency automated teller machines (ATMs) and quick response (QR) codes to facilitate payments.The FBI said it has seen an increase in scammers directing victims to use physical crypto ATMs and QR codes to complete payment transactions.Scammers will request payment … [Read more...] about FBI Warns of Scams Using Crypto ATMs and QR Codes
Twitter CEO warns of hyperinflation, can crypto solve the problem?
Jack Dorsey recently tweeted his concerns about hyperinflation, saying it’s happening now. Although crypto is a relatively new technology, some tout it, particularly Bitcoin, as a solution to a variety of economic woes, hyperinflation included.Hyperinflation is going to change everything. It’s happening.— jack⚡️ (@jack) October 23, 2021But is there any substance behind these … [Read more...] about Twitter CEO warns of hyperinflation, can crypto solve the problem?