The creator of the fraudulent NFT collection “Mutant Ape Planet” is off the hook for a prison sentence, but he’s not walking away scot-free. Aurelien Michel will have to pay over $1 million as punishment for pulling a rug on investors. The Rug Pull In early 2023, Michel was accused of scamming investors out of…
A mysterious investor, known only as “Theo,” is betting big on Donald Trump winning the 2024 US election. Theo, a French national, has reportedly put over $30 million on Trump’s victory on the crypto betting platform Polymarket. He claims his motivation is purely financial, aiming to make a whopping $80 million if his bets pay…
Big banks and government watchdogs are warning about a sneaky new fraud technique called “quishing” that’s bypassing traditional security measures. What is Quishing? Quishing, or QR code phishing, is a clever way for criminals to trick you into scanning a malicious QR code. This could lead you to a fake website or force you to…
China’s economy is struggling, and the government is reportedly planning a massive spending spree to get things back on track. A Big Boost for the Economy China is considering a stimulus package worth a whopping $1.4 trillion, which could be approved as early as next week. This money will come from issuing new government bonds,…
Missing Climate Funds A new report claims that the World Bank can’t account for at least $24 billion in funds meant for climate change initiatives. This could be as much as 40% of all the money the World Bank received for climate projects. Where Did the Money Go? The international aid organization Oxfam conducted an…
Two prominent Ethereum researchers, Justin Drake and Dankrad Feist, have decided to step down from their advisory roles with EigenLayer. This comes after a controversy sparked by their initial appointments in May 2024. Concerns About Conflicts of Interest The crypto community expressed concerns about potential conflicts of interest arising from the researchers’ involvement with EigenLayer….
Bitcoin has been on a rollercoaster ride lately, trying to break its all-time high but then pulling back. But don’t worry, the overall vibe is still positive! Buying Pressure is Strong Data from CryptoQuant shows that more people are buying Bitcoin than selling, which is a good sign. This suggests that investors are confident about…
The US elections are upon us, and the crypto world is on edge. With everyone from former President Trump to Vice President Harris weighing in on crypto, it’s no surprise that everyone’s wondering how the election will impact Bitcoin and other cryptocurrencies. Sell-The-News? One trading firm, QCP Capital, thinks the election will be a “sell-the-news”…
A group of Thai police officers were arrested for allegedly extorting cryptocurrency from a foreign national. The Case: A Chinese-Vanuatu expat named Sai reported that a group of police officers raided his home claiming to have a search warrant. They accused him of being involved in a fake passport case and threatened to charge him…
Ethereum (ETH) could be about to bounce back, according to a popular crypto analyst. Ali Martinez, a well-known trader, believes ETH’s recent price action is signaling a potential rebound. He’s using a technical indicator called the Tom DeMark (TD) Sequential Indicator to make this call. The TD Sequential Indicator is a tool used by traders…
