Crypto investment fraud in the US hits record $2.57B – up 183% YoY
Crypto investment fraud in the US hits record $2.57B – up 183% YoYCrypto investment fraud losses made up roughly 25% of all money lost to online scams and fraud during 2022 and almost 90% of the $3.31 billion lost to online investment fraud.
Happy ThursdayThe global crypto market cap is $1.08 trillion with a 24-hour volume of $70.85 billion. The price of Bitcoin is $24,913.25 and BTC market dominance is 44.4%. The price of Ethereum is $1,664.28 and ETH market dominance is 18.8%. The best performing cryptoasset sector is Yield Farming, which gained 7%.
Latest NewsCrypto investment fraud in the US hits record $2.57B – up 183% YoY
Crypto investment fraud losses made up roughly 25% of all money lost to online scams and fraud during 2022 and almost 90% of the $3.31 billion lost to online investment fraud. Tether’s circulating supply reaches 10-month high of $74BTether USDT's supply has grown by 10% in the current year while USDC, BUSD, and DAI supplies shrank. Ethereum co-founder praises Gary Gensler as ‘shining knight of decentralization’Joseph Lubin said SEC Chair Gary Gensler was doing a great job in driving decentralization forward. Arbitrum to airdrop ARB tokens to users on March 23The Arbitrum ecosystem is also pivoting into a decentralized autonomous organization (DAO) that would be governed by the ARB token. CryptoSlate wMarket Update: Bitcoin trades under $25,000 as rival coins falterThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. New data reveals unusual NFT flipping trendDespite a market downturn, sellers on the NFT marketplace BLUR keep flipping at increased rates — despite losses surmounting. Bankruptcy judge rejects U.S. government’s request to delay Voyager-Binance.US dealVoyager clients have been unable to access their cryptocurrency since the July 2022 bankruptcy declaration. Reuters report that any bank bidding for Signature “must give up all crypto business”The FDIC has handed over auction of the bank to Piper Sandler, who will conduct a second auction on March 17. Shiba Inu community clash over allegations of foul play by developersTensions spark as Shiba Inu's Shibarium testnet received accusations of being a ripped chain — sinking 7% in price in the last 24 hours. Euler finance hacker moves stolen fund as protocol offers $1M bountyThe Euler labs attacker sent one of the DeFi protocol users 100 ETH, leading to speculations that the hacker could return the funds.
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Binance ditches BUSD’s Bitcoin free trading for TUSD
Thursday, March 16, 2023
Binance CEO Changpeng 'CZ' Zhao clarified that the zero fee trading option would stop on BUSD in about a week.
Bitcoin surges to 39-week high, leaving Meta, Visa, TSMC, and Exxon Mobil in its dust
Tuesday, March 14, 2023
Bitcoin jumps 4 places in global asset rankings, riding high on the Fed's flip to quantitative easing.
Binance converts $1B BUSD to Bitcoin, Ethereum, BNB
Monday, March 13, 2023
The recent collapse of crypto-friendly banks has made Binance convert its $1 billion industry recovery fund to Bitcoin and other assets.
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Saturday, March 11, 2023
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
Crypto liquidations top $300M as Bitcoin drops below $20k
Friday, March 10, 2023
Bitcoin had a negative netflow of $13.7 million as investors withdrew more BTCs from exchanges during the last 24 hours, according to Glassnode data.
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