Tarique Mansuri Argentine President Javier Milei is embroiled in controversy after the cryptocurrency $LIBRA, which he promoted, experienced a significant crash, leading to substantial investor losses. The incident has sparked fraud allegations and calls for his impeachment. Milei denies actively promoting the cryptocurrency, stating he merely shared information about it. Over 110 complaints have been filed, prompting … Read more
The United Nations Office on Drugs and Crime (UNODC) reports a surge in “pig butchering” scams, where criminals establish fake relationships to defraud victims. These scams have become more sophisticated, employing technologies like generative AI and deepfakes to create convincing personas and overcome language barriers. The use of advanced tools has lowered the entry barrier … Read more
In 2024, North Korean hackers, notably the Lazarus Group, orchestrated multiple cryptocurrency heists totaling $659 million. Significant incidents include a $308 million theft from Japan’s DMM Bitcoin exchange and a $235 million breach of India’s WazirX exchange. These attacks highlight the increasing sophistication of cyber threats in the crypto sector, with businesses advised to enhance … Read more
Connecticut State Police have successfully recovered approximately $180,000 for a local resident who fell victim to a cryptocurrency scam known as “pig butchering.” The scam involved fraudsters building a relationship with the victim through text messages, convincing them to invest over $225,000 into a fake platform called ‘XeggeX.’ Authorities emphasize caution against unsolicited investment advice … Read more
Republican lawmakers, led by Sen. Ted Cruz and Rep. Mike Carey, are advocating for the repeal of a tax-compliance rule that requires DeFi platforms to report transactions to the IRS. They argue that this rule imposes undue burdens on companies and exceeds congressional intent.
Synthetix has acquired Kwenta, aiming to regain front-end control and unify strategic goals within its ecosystem. This move is intended to streamline product development and enhance alignment across the platform.
Tip 1: Use hardware wallets (Ledger, Trezor) for long-term storage.Tip 2: Enable 2FA (Two-Factor Authentication) on exchanges and wallets.Tip 3: Never share your private keys or seed phrases.Tip 4: Avoid phishing scams and only visit official exchange websites.Tip 5: Use decentralized exchanges (DEXs) for increased security.
Option 1: Staking – Lock your crypto to earn rewards (ETH, ADA, SOL).Option 2: Yield Farming – Provide liquidity in DeFi protocols.Option 3: Lending & Borrowing – Lend your crypto for interest.Option 4: Play-to-Earn Games – Earn crypto rewards through gaming.Option 5: Affiliate Programs – Refer users to exchanges and earn commissions.
Step 1: Choose a reputable exchange (Binance, Coinbase, Kraken, etc.).Step 2: Create an account and complete KYC verification.Step 3: Deposit funds via bank transfer, credit card, or crypto deposit.Step 4: Buy cryptocurrency (Bitcoin, Ethereum, Litecoin, etc.).Step 5: Transfer funds to a secure wallet (hardware or software wallet).