Author: admin
A senior executive at a British investment firm has told how he was scammed out of his life's savings of £300,000 by a cryptocurrency scammer.Matthew Thomas* says he was “probably blinded by a mixture of greed, curiosity and stubbornness” as he became embroiled in an elaborate and complicated fraud that took place over six months.The details of his experience, which he shared to help prevent others from being scammed, came as tough new marketing rules for cryptocurrency companies aimed at offering better protection to British consumers came into force on Sunday.The scam that ensnared Thomas began in January when he…
The incredible cryptocurrency bull run of 2021 may be over but crypto seems to be surging again and adoption is ever increasing. PayPal and Square have begun to integrate cryptocurrency payments into their systems and large financial firms like BlackRock and Goldman Sachs have added cryptocurrency to their holdings. Yes, Bitcoin might not be making new all-time highs every week now, but that hasn’t stopped the rapid adoption of digital currencies.Institutions sweeping up cryptocurrencies shows that interest is no longer reserved for shadowy corners of the internet. Bitcoin has gone mainstream and while that may disappoint some of the early…
In early October 2023, the Islamic State (ISIS) released several posters soliciting donations of virtual currency to fund its activities. MEMRI JTTM, in collaboration with the MEMRI Cyber & Jihad Lab (CJL), has been monitoring the growing use of cryptocurrencies by jihadists for years, and is investigating how terrorist organizations such as ISIS are adopting cryptocurrencies as a means of financing. We have documented what is happening. The following report supplements existing research and documents ISIS' continued use of cryptocurrencies for funding. Islamic State's Khurasan province solicits donations of Monero virtual currency: “Please donate to use your wealth to carry…
Read U.TODAY google news Metaco, a subsidiary of American blockchain payment company Ripple Labs, has achieved groundbreaking results. I'm honored We received the prestigious “Best Technology Solution Provider Award for Digital Assets” at the Digital Assets Awards 2023 ceremony hosted by The Digital Banker. The announcement was made in a celebratory post on the X platform, in which Metaco thanked its clients and partners and acknowledged that this win is a testament to the company's unwavering dedication to developing institutional digital asset technology. .The importance of this award goes beyond just a trophy sitting on a shelf. This recognition demonstrates…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Metaco, a subsidiary of American blockchain payment company Ripple Labs, has achieved groundbreaking results. I'm honored We received…
Cryptocurrency asset prices remain far from the record prices achieved during the 2021 bull market.Bitcoin, the world's most prominent cryptocurrency, is currently down about 60% from its peak, and Ethereum is down about 65% from its all-time high.Meanwhile, arrests and indictments of high-profile cryptocurrency executives around the world, including the ongoing trial of FTX mogul Sam Bankman Fried, have further worsened the mood this year.Despite the overall gloomy outlook, the situation is different in Africa, where the adoption of digital assets continues despite price fluctuations, the researchers say. According to a study conducted by Chainalysis, a global cryptocurrency consultancy, “Sub-Saharan…
VSFP/iStock Editorial via Getty Images A few months ago I published a comprehensive report on Monero (XMR-USD). If you read the whole thing and retained most of it, you’d have a good understanding of Monero on a deeper-than-surface level. This report is an update because my perspective on Monero has begun to change over the last month. I downgrade to a Hold, although the caveat is that XMR is still a highly speculative buy due to a rather asymmetric risk-reward profile, but only for a small portion of a digital asset portfolio. The main issue I have come to realize…
The modelWithin the philosophy of the limited participation models in Fuerst (1992) and Christiano and Eichenbaum (1992), the present model extends the structure and ideas in Gutiérrez (2006) and Gutiérrez and Palmero (2013). As explained above, limited participation models have already satisfactorily answered some of the questions under analysis without detracting from the framework of a competitive economy, a reasonable assumption for the Eurozone. On this basis, we assign a central role to the ratio of total loans to total deposits in the economy’s financial sector. The reasons are manifold. On the one hand, in a general equilibrium economy where…
A busy economic calendar awaits this week, with all eyes on the Federal Reserve and oil prices. Additionally, the crypto market has been rising over the weekend, but will it be able to maintain that momentum? October 2nd, macroeconomic magazine “Kobeissi Letter” listed Major economic events in the US this week. A government shutdown was also averted over the weekend. Crude Oil Price, SBF Trial, Possibility of ETH ETF Launch Federal Reserve Chair Jerome Powell and European Central Bank Chair Christine Lagarde are both scheduled to speak next week. Mr. Powell will participate in a roundtable discussion with Philadelphia Fed…
By country: Germany saw a significant decline, but Italy and Spain saw an increase.Inflation in the euro zone has been declining over the past year after peaking at an annual rate of 10.6% last year.Core inflation, which excludes volatile categories such as food and energy, is also considered a more reliable measure of underlying price pressures and has been easing recently. The rate was 4.5% in September, down from 5.3% in August.In Germany, Europe's largest economy, annual inflation fell to 4.3% in September from 6.4% in August. One reason for the large decline is that the numbers are calculated on…