Australia took down 600 crypto scams, says AI will make it worse
Australia’s financial markets regulator says due to the evolving nature of technology, it’s becoming increasingly challenging for consumers to identify fraudulent schemes. Source link
Australia’s financial markets regulator says due to the evolving nature of technology, it’s becoming increasingly challenging for consumers to identify fraudulent schemes. Source link
Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto. Source link
Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable. Source link
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams. Source link
Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts. Source link
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some. Source link
Retail investors could be coming back into the market after a recent upward trend in new Bitcoin addresses. Source link
Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report. Source link
Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply. Source link
Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception. Source link