Crypto
Would-be crypto investors in Singapore could face risk tests
People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting themselves.
Why law enforcement struggles to throttle crypto scams
Under the headline "Scammers in Paris", an online sleuth known as ZachXBT published a blog in August detailing how a pair of youngsters stole cryptoassets worth millions. It was the first time his sleuthing had led to police action, ZachXBT told AFP, despite having investigated $250 million worth of crypto scams and thefts and chronicling them for his 300,000 Twitter followers.
Most Salvadorans think making Bitcoin legal tender was 'failure'
More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country consider the controversial move by President Nayib Bukele as a "failure."
Former 'Generations: The Legacy actress' Letoya Makhene accused of scamming unemployed man in Bitcoin scam
Former 'Generations: The Legacy actress' Letoya Makhene has been accused of scamming an unemployed man in a Bitcoin scam. The man said she swindled him R16k.
Crypto scammers make off with $100 mn from Binance
Scammers stole cryptocurrency worth roughly $100 million from Binance, the world's biggest exchange for cryptoassets, the firm said on Friday. It is among the biggest thefts in cryptocurrency history and comes in a year where scammers preying on the sector have got away with billions of dollars.
Why crypto's big 'merge' is causing big headaches
The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP. That is no mean feat, given that the Ethereum blockchain was burning through about as much electricity as New Zealand.
Wanted crypto founder Do Kwon says 'not on the run'
Do Kwon, the wanted South Korean founder of the failed cryptocurrency Terra, denied Sunday he was on the run after the Singapore police said he was not in the city-state as had been believed. Early Sunday he said on Twitter: "I am 'not on the run' or anything similar", but did not reveal where he was.
El Salvador marks 1st year of Bitcoin use as confidence wanes
A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele. El Salvador became the first country to accept Bitcoin as legal tender, alongside the US dollar that has been the official currency for two decades.
Woman buys sister a mansion after cryptocurrency platform sends $7.2 million to incorrect account
Australian Thevamanogari Manivel used funds transferred to her by mistake to purchase a mansion after $7.2 million landed in her bank account from crypto.com.
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