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Fraudsters are using ads featuring a fake Jeremy Clarkson endorsement as part of a Bitcoin scam. Watchdogs are warning social media users about the ads, which urge people to invest in cryptocurrency.
According to the Better Business Bureau, crypto-related fraud is now among the most common financial scams. Criminals often target older consumers, with the FTC noting that people age 60 and over ...
Mirror Trading International (MTI), declared a pyramid scheme by the South African High Court, was a cryptocurrency trading platform promising automated trading services with significant returns. [1] MTI was masterminded by Johann Steynberg, who claimed to use an artificial intelligence bot for its trading activities. [2]
The charges involved alleged non-compliance with financial regulations, particularly in relation to his cryptocurrency trading platforms. [9] Although the police have yet to complete their investigation, Blord has maintained his innocence, claiming that his businesses operate within the bounds of the law.
In March 2017, Kraken acquired Cryptowatch, a charting and trading platform. [20] By December 2017, Kraken claimed to be registering up to 50,000 new users a day. [21] In April 2018, Kraken announced closure of its services in Japan due to the rising costs of doing business. [22] The company would later return to the Japanese market in 2020. [23]
Cryptocurrencies like bitcoin were conceived as a way to challenge traditional banks.Now, with the help of the tech billionaires Elon Musk and Marc Andreessen, the crypto industry is fighting for ...
A major bitcoin exchange, Bitfinex, was compromised by the 2016 Bitfinex hack, when nearly 120,000 bitcoins (around US$71 million) were stolen in 2016. [61] Bitfinex was forced to suspend its trading. The theft was the second-largest bitcoin heist ever, dwarfed only by the Mt. Gox theft in 2014.
SoFi was founded in 2011 as a student loan refinancing company. In 2019, SoFi — , short for Social Finance — expanded into investment services, offering a user-friendly platform to new investors.