Here’s How Much Elon Musk-Related Scams Have Cost Traders And Investors
An estimated $5.4 million worth of cryptocurrency has been lost to scams perpetrated in the name of Tesla (NASDAQ:TSLA)…
Cryptos’ Market Cap Tanks Below $1 Trillion, Crypto.com CEO Lays Off 5% Staff
Amid a wider market rout, the total market capitalization of cryptocurrencies has fallen below $1 trillion, levels not seen since February 2021.
Nexo Offers To Buy Celsius Assets Amid Withdrawal Halt
Crypto lending platform Nexo (CRYPTO:NEXOY) has offered to buy the assets of its rival Celsius (CRYPTO:CEL) after the latter announced a pause on all withdrawals, swaps, and transfers between accounts due to “extreme market conditions.”
The offer to buy Celsius's assets ends on June 20
DeFi Has Lost 45% of Its Value Since April End: DappRadar
With the collapse of the former second-largest DeFi ecosystem – Terra and the crash of the associated LUNA token having accentuated the bear season that still affects the crypto landscape, DeFi has lost 45% of its value since the end of April, according to a report.
Aussies Lost $81.5 Million to Crypto Scams This Year: ACCC
Australians lost over $AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) on Monday said.
According to ACCC, Australians lost a total of $AUD 205m ($148m) to various scams this year, a 166% increase compared to the same period last year.
Most Cryptos Have Equilibrium Value of Zero According To Reserve Bank of India’s Deputy Governor
Most cryptocurrencies have an equilibrium value of “exactly zero,” the Reserve Bank of India’s (RBI) Deputy Governor T Rabi Sankar said, even as he highlighted that central bank digital currencies (CBDCs) can “kill” whatever little case there could be for private digital currencies.
New York AG Warns Against Risks of Crypto Trading
The Attorney General of New York has issued an alert, warning people of the “dangerous risks” of investing in cryptocurrencies, as the crypto markets have corrected significantly from their all-time highs.
New York Imposes Two-Year Moratorium on Crypto Mining Firms
In a bid to address environmental concerns over proof of work (PoW) mining, The New York State Senate has passed a Bill, that imposes a two-year moratorium on new crypto mining firms that use non-renewable power.
Higher Knowledge Leads To Greater Optimism on Bitcoin
A recently conducted survey has found out that the higher people rate their level of knowledge, the more optimistic they are about the future of Bitcoin (CRYPTO: BTC).
Also, people living in Nigeria, India, Vietnam, and Argentina have the highest rates of optimism about BTC.
Binance Labs Launches $500 Million Fund To Boost Blockchain, Web3
The venture capital and incubation arm of leading cryptocurrency exchange Binance on Wednesday launched a $500 million fund, that will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.