● I live in Europe without being tied to one place ● I love traveling and discovering unusual places ● Trying to find myself in this life
The WSJ talked about methods of circumventing the ban on crypto trading in China
The Wall Street Journal (WSJ) has shed light on the ingenious methods employed by Chinese investors to circumvent the government's ban on cryptocurrency trading, which was implemented in 2021. Despite stringent measures to curb cryptocurrency activities, a thriving underground market for digital assets persists in China, with investors resorting to VPN services, social networks, and face-to-face transactions. The Chinese government's actions in 2021, which included a ban on cryptocu...
The WSJ talked about methods of circumventing the ban on crypto trading in China
The Wall Street Journal (WSJ) has shed light on the ingenious methods employed by Chinese investors to circumvent the government's ban on cryptocurrency trading, which was implemented in 2021. Despite stringent measures to curb cryptocurrency activities, a thriving underground market for digital assets persists in China, with investors resorting to VPN services, social networks, and face-to-face transactions. The Chinese government's actions in 2021, which included a ban on cryptocu...
Stablecoin AEUR lost its peg to the euro before trading halt on Binance
On December 5, the stablecoin Anchored Euro (AEUR) experienced an unexpected surge in value on the Binance exchange, spiking to $3.25. This sudden and significant rise in AEUR's price prompted swift action from the exchange's representatives, who promptly halted trading of the stablecoin citing "abnormal volatility." Binance assured affected users that they would be compensated for any losses incurred due to this incident. Anchored Coins, a subsidiary of Singaporean investor and for...
Stablecoin AEUR lost its peg to the euro before trading halt on Binance
On December 5, the stablecoin Anchored Euro (AEUR) experienced an unexpected surge in value on the Binance exchange, spiking to $3.25. This sudden and significant rise in AEUR's price prompted swift action from the exchange's representatives, who promptly halted trading of the stablecoin citing "abnormal volatility." Binance assured affected users that they would be compensated for any losses incurred due to this incident. Anchored Coins, a subsidiary of Singaporean investor and for...
Bitget will issue a Visa credit card
Bitget, a cryptocurrency exchange, has unveiled plans to introduce the Bitget Card, a premium Visa credit card backed by cryptocurrency. This card is designed to provide a crypto payment solution, offering a high credit limit and wide acceptance across 180 countries. Key features of the Bitget Card include:Cryptocurrency Payments: Users can utilize their cryptocurrency holdings to make payments for both online and offline transactions, significantly enhancing the utility of cryptocurrencies i...
Bitget will issue a Visa credit card
Bitget, a cryptocurrency exchange, has unveiled plans to introduce the Bitget Card, a premium Visa credit card backed by cryptocurrency. This card is designed to provide a crypto payment solution, offering a high credit limit and wide acceptance across 180 countries. Key features of the Bitget Card include:Cryptocurrency Payments: Users can utilize their cryptocurrency holdings to make payments for both online and offline transactions, significantly enhancing the utility of cryptocurrencies i...
Ex-Deutsche Bank employee to pay $1.5 million for crypto fraud
Rashawn Russell, a former employee of Deutsche Bank, has acknowledged his participation in a fraudulent scheme aimed at scamming 29 clients of the R3 crypto fund out of $1.5 million. This admission comes as part of the legal proceedings surrounding Russell's involvement in the scam. The fraudulent scheme involved deceiving clients of the R3 crypto fund, ultimately resulting in substantial financial losses for these investors. Russell's acknowledgment of his involvement likely plays ...
Ex-Deutsche Bank employee to pay $1.5 million for crypto fraud
Rashawn Russell, a former employee of Deutsche Bank, has acknowledged his participation in a fraudulent scheme aimed at scamming 29 clients of the R3 crypto fund out of $1.5 million. This admission comes as part of the legal proceedings surrounding Russell's involvement in the scam. The fraudulent scheme involved deceiving clients of the R3 crypto fund, ultimately resulting in substantial financial losses for these investors. Russell's acknowledgment of his involvement likely plays ...
Web3 projects have lost $1.25 billion since the beginning of the year due to hackers
Web3 projects have suffered substantial losses amounting to $1.25 billion due to security breaches and fraudulent activities from the beginning of the year up to August. This information has been compiled by analysts from Immunefi. Throughout the past month, the losses experienced by Web3 platforms increased by $23.4 million, indicating the persistent challenges faced by these projects in terms of security. During this time frame, there were a total of 211 security incidents, underlining the ...
Web3 projects have lost $1.25 billion since the beginning of the year due to hackers
Web3 projects have suffered substantial losses amounting to $1.25 billion due to security breaches and fraudulent activities from the beginning of the year up to August. This information has been compiled by analysts from Immunefi. Throughout the past month, the losses experienced by Web3 platforms increased by $23.4 million, indicating the persistent challenges faced by these projects in terms of security. During this time frame, there were a total of 211 security incidents, underlining the ...
