If you were seeking any more reasons to be skeptical of the crypto market, here you go: Nearly a quarter of new coins minted on the blockchain that attained any value in 2022 fit the on-chain characteristics of a pump-and-dump scheme, according to
El Salvador, which has already lost tens of millions of taxpayer dollars on its authoritarian millennial president’s beleaguered effort to embrace cryptocurrencies, now says it plans to open a “bitcoin embassy” in Texas. The Central American country’s continued commitment to bitcoin comes despite last year’s crypto…
Binance’s prime stablecoin Binance USD is on the outs after regulators at both the state and federal level took aim at the company that was issuing one of the most popular stablecoins on the market.
You’ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station.
“Crypto? Oh, that’s right, cryptocurrencies. Those fake digital coins, right? I remember seeing them at last year’s Super Bowl. Larry David was in one. I thought that commercial was pretty funny. Say, how is that whole crypto thing doing?”
Fraudsters and illicit digital dealers made much less money last year than they did in 2021, though 2022 was still a record year for total stolen in crypto hacks.
It’s 2023 and financial crimes and their consequences have officially come to cryptocurrency. Relatively new on the laundry list of blockchain-based offenses that can lead directly to jail: insider trading.
Korean Central News Agency/Korea News Service via AP