CRYPTOCURRENCY FRAUD
Explainer: How does cryptocurrency fit into infrastructure bill?
11 Aug, 2021, 01.07 PM ISTOne way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS.
Record cryptocurrency heist valued at $600 mn
11 Aug, 2021, 08.50 AM ISTPoly Network put out a plea for the stolen Ethereum, BinanceChain and OxPolygon tokens to be shunned by traders running “wallets” for storing cryptocurrency. “The amount of money you hacked is the biggest one in the defi history,” Poly Network said in a tweeted message to the thieves, using a reference to decentralized finance involving cryptocurrency.
SEC delays ruling on Bitcoin ETF in blow to crypto traders
18 Jun, 2021, 07.01 AM ISTCrypto enthusiasts have long been frustrated by the agency’s reluctance to sign-off on a Bitcoin ETF, a product that could catapult the world’s most valuable digital token into the mainstream among institutional investors.
Miami, looking to be next crypto hotspot, hosts Bitcoin event
06 Jun, 2021, 12.28 PM IST“I don’t think there’s anything more important in my lifetime to work on” than bitcoin, given the flexibility it offers, billionaire entrepreneur Jack Dorsey, the co-founder of Twitter and payments firm Square, told a crowded auditorium.
Antivirus software pioneer McAfee charged by US with cryptocurrency fraud
06 Mar, 2021, 03.15 PM ISTMcAfee and his bodyguard Jimmy Gale Watson Jr were charged for a scheme to exploit McAfee’s large Twitter following by publicly touting cryptocurrency offerings and digital tokens that they later sold once prices rose on the promotions, according to the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission.
Judge cryptocurrency by technology, and not the other way around
22 Feb, 2021, 04.00 PM ISTBy the end of 2020, global e-commerce was growing at 19 per cent CAGR (2017–23) to reach $6.5 trillion. Digital/mobile wallets were fast becoming preferred modes for e-commerce payments, and were projected to corner 52 per cent market share by 2023.
Read more: https://mcc.exchange/2021/09/01/cryptocurrency-fraud/
Text source: MCC.EXCHANGE
