Tag Archives: crypto

Crypto crimes are on the rise, and a man who lost $120,000 after clicking one bad link shows how vulnerable investors are right now. Reddit user PowerofTheGods said he had been investing since 2016 and kept his investments in a Ledger Nano S (a crypto wallet) and four Metamask digital hot wallets. When he checked his accounts last December, he noticed they were empty. At the time, the currency was valued at more than $120,000. He later realized that hackers stole his crypto after he clicked… Source link

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action. Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation,… Source link

A self-described “doctor” has a lesson she’d like to teach investors about decentralized finance (DeFi), an increasingly popular lending sector that’s become a battleground against cryptocurrency-related fraud. Even the most experienced DeFi players can find themselves wrong-footed by hacks and fraud. Yet retail investors in the sector are hungry for basic fraud protection, giving rise to a new breed of “vigilantes” and startup businesses to address the demand. Over a year ago, one Silicon… Source link

Asset manager Bill Browder, who for years specialized as an investor in major Russian firms, told Yahoo Finance on Tuesday that cryptocurrency exchanges should be closed if they do not suspend accounts owned by Russians. The remarks come days after Ukraine’s vice prime minister called on a slew of major cryptocurrency exchanges — including Coinbase (COIN) and Binance — to stop servicing Russian accounts that may help the country blunt or circumvent sanctions. Coinbase and Binance rejected… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 2, 2022 As sanctions close a few doors, a crypto window opens Cryptocurrency has finally started behaving like something that resembles a safe haven, with bitcoin (BTC-USD) and other digital tokens taking off on Tuesday as Russia’s incursion into Ukraine took a more dramatic turn. As Yahoo Finance’s David Hollerith has been… Source link

As the U.S. and other Western powers line up to impose sanctions on Russia for its armed incursion into Ukraine, the looming economic penalties are likely to squeeze the energy giant’s economy. However, there are questions about whether the booming cryptocurrency sector could allow oligarchs close to Russian President Vladimir Putin to skirt the effort to put the financial squeeze on Moscow, thanks to the anonymity and decentralization of digital tokens. According to Capital Economics,… Source link

Cryptocurrencies have come a long way from the early days of bitcoin (BTC-USD) adoption. And as more cryptocurrencies have developed, the future of the space will be one that continues to grow as a multi-player arena, according to Ava Labs President John Wu. “I think this is the third generation of crypto already. The first generation was bitcoin, the second generation was ethereum, and the third generation has been this new group of, call it ‘layer ones’ and other crypto companies that have… Source link

Bitcoin (BTC-USD) and other major cryptocurrencies have tracked the volatility and broader market declines seen so far in 2022. But the pressure could be short-lived, according to at least one pundit, with a handful of temporary factors driving the latest pullback for digital currencies. “It always is uncomfortable when the market goes down, but I think we’re actually setting up for an extraordinarily strong second half of the year,” Matt Hougan, chief investment officer of Bitwise Asset… Source link

Snoop Dogg once dreamed that his son, Cordell Broadus, would play professional football. But instead of the NFL, the younger Broadus eventually took a liking to another kind of rough and tumble sport: cryptocurrency. Back in 2017, Broadus was introduced to crypto by now deceased rapper Nipsey Hussle, who urged him to get into digital tokens to buy virtual real estate. He didn’t act right away, but when the crypto market crashed in 2018, his interest was piqued. Since then, he’s taken on… Source link

The Federal Reserve on Friday codified a set of new rules that restrict some of the nation’s most powerful economic policymakers from actively trading stocks and other securities. Senior officials at the central bank will not be allowed to purchase individual stocks or sector funds, and will be prohibited from holding individual bonds. The rules were expanded to cover cryptocurrencies, commodities, foreign currencies, derivatives contracts, short sales, and purchases on margin. Federal… Source link