Monthly Archives: June 2022

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States. Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter.  A spokesperson for Meta, the parent company of Facebook, told TechCrunch the same day that the rollout of NFTs on Facebook would be gradual, beginning with select creators in the United […]

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Former Monero maintainer Riccardo ‘Fluffypony’ Spagni to surrender for South Africa extradition

Court filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday. Riccardo Spagni, the former maintainer of the privacy coin Monero also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities. In a Thursday court filing for the Middle District of Tennessee, Magistrate Judge Alistair Newbern ordered Spagni to surrender to U.S. Marshals on July 5 for extradition to South Africa. He will reportedly […]

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US lawmakers say crypto industry has a ‘tech bro’ problem hurting innovation

Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color “remain in the waiting room,” according to Stephen Lynch. According to some United States lawmakers in the House Financial Services Committee, the lack of diversity in the financial technology space could be hurting many companies’ bottom lines. In a Thursday virtual hearing on “Combatting Tech Bro Culture,” U.S. lawmakers and witnesses discussed how women and people of color were underrepresented in leadership positions in the financial technology industry, including […]

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Analysts identify 3 critical flaws that brought DeFi down

Poor risk management, insufficient revenue and the overuse of leverage are the core reasons why DeFi is crumbling. The cryptocurrency market has had a rough go this year and the collapse of multiple projects and funds sparked a contagion effect that has affected just about everyone in the space.  The dust has yet to settle, but a steady flow of details is allowing investors to piece together a picture that highlights the systemic risks of decentralized finance and poor risk management. Here’s a look at what several […]

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Onecoin’s Co-Founder Ruja Ignatova Has Been Added to the FBI’s 10 Most Wanted Fugitives List

One of the Onecoin co-founders, Ruja Ignatova, otherwise known as the ‘Cryptoqueen,’ has been added to the Federal Bureau of Investigation’s (FBI) Ten Most Wanted Fugitives list on Thursday. In addition to adding the Cryptoqueen to the most wanted list, the FBI is offering a reward of up to $100K for tips that lead to the 42-year-old woman’s arrest. Onecoin’s Cryptoqueen Is Now on the FBI’s Top 10 Most Wanted List Ruja Ignatova is well known for her involvement with the Onecoin Ponzi scheme, and it is […]

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Coinbase providing customer geolocation data to ICE: Report

The U.S. government agency is reportedly using Coinbase Tracer to access customers’ historical geo-tracking data and transactions on over a dozen cryptocurrencies. A new report has indicated that crypto exchange Coinbase has provided Immigrations and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s customers. According to the report, ICE has been granted access to an intelligence-gathering application, called Coinbase Tracer, that provides a variety of forensic data tracking capabilities. U.S. Immigration and Customs Enforcement is an government agency under the Department […]

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‘Cryptoqueen’ Ruja Ignatova makes FBI’s Ten Most Wanted list

The Bulgarian-German businesswoman was last spotted in Athens in 2017, and now it’s worth up to $100,000 to provide U.S. law enforcement with information about her. “Crypto” is often used as an honorific inside the community. United States Securities and Exchange Commission member Hester Peirce is called Crypto Mom for her steadfast support for digital assets, and Time magazine crowned Vitalik Buterin the Prince of Crypto. When Ruja Ignatova was bestowed the title “Cryptoqueen” in a 2019 true-crime podcast, however, it was with far less endearment.  Ignatova […]

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FTX on the verge of purchasing BlockFi in $25M fire sale: Report

The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar. Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi’s remaining assets for $25 million, according to CNBC. According to sources close to the matter, BlockFi’s equity investors were wiped out and are now writing their positions off at a loss. In addition, the FTX deal could take multiple months to close, opening up the possibility that the price tag could shift over that period. In June 2021, BlockFi had […]

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Rap Star Snoop Dogg Believes Crypto Industry Will Bounce Back — Crash ‘Weeded’ Out Bad Apples

This week, the rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC on Tuesday and explained that he believes the cryptocurrency economy will bounce back. Snoop said that he feels like the crash “‘weeded’ out all of the people” that were not supposed to be in the space in the first place. Snoop Says Crypto Crash Is Transitory and Great Choices Will Follow the Aftermath Snoop Dogg thinks the current crypto crash is temporary and in time he believes the ecosystem will bounce […]

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Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high

SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis? The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is among that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying SOL at its current value.  Data from Cointelegraph Markets Pro and TradingView shows SOL is down 87.5% from its all-time high […]

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