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Sep 16 2024BUSINESS

The Crypto Crisis: Coinbase's Worst Week of the Year and the Uncertain Future of the Industry

Cryptocurrency exchange Coinbase has just experienced its worst week of the year, with the value of its shares plummeting by 20%. This decline is part of a broader trend in the crypto market, which has seen a significant downturn in recent weeks. What's behind this sudden drop in value? Is it a sign

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Sep 16 2024TECHNOLOGY

The Dark Side of Cryptocurrency: How Fake Android Apps are Stealing Your Wallet

In the world of cryptocurrency, security is paramount. With the rise of digital wallets, hackers have found new ways to steal sensitive information. Recently, researchers at McAfee uncovered 280 fake Android apps designed to target cryptocurrency wallet owners. These apps disguise themselves as legi

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Sep 16 2024TECHNOLOGY

Malware Masterplan: How SpyAgent Android Malware Stole the Crypto Wallet Keys

The world of cryptocurrency is filled with risks, and one of the most insidious threats comes in the form of SpyAgent, a malicious Android malware designed to steal seed phrases from unsuspecting users. This malware, discovered by researchers at McAfee, is a masterclass in stealth and strategy, usin

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Sep 16 2024FINANCE

Crypto Scams: The Devastating Consequences of Easy Prey

The FBI has released a report highlighting the alarming increase in crypto-investment scams, with Americans losing a staggering $5.6 billion in 2023. For the first six months of 2024, the agency received over 18,000 complaints, resulting in losses of more than $1.9 billion. The scammers' tactics are

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Sep 16 2024FINANCE

Cryptocurrency Scams on the Rise: A Growing Concern in the Digital Age

The FBI's latest report highlights a startling 45% increase in crypto-related fraud in 2023, with victims reporting losses totaling over $5.6 billion. This surge is largely driven by a jump in investment scams, with nearly $4 billion in losses reported compared to $2.57 billion in 2022. The report u

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Sep 16 2024FINANCE

Rampant Crypto Fraud: A $5. 6 Billion Wake-Up Call

The FBI's recent Cryptocurrency Fraud Report for 2023 has sent shockwaves through the crypto community, revealing a staggering $5.6 billion in losses due to fraudulent schemes – a 45% increase from the previous year. While only 10% of the complaints received by the Internet Crime Complaint Center (I

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Sep 16 2024BUSINESS

Regulation Unlocked: Can Clear Crypto Laws Unlock a Flood of Capital?

The CEO of Coinbase Global, Brian Armstrong, recently emphasized the need for clear regulation in the crypto universe. He believes that such legislation would provide a level playing field, subsequently attracting a massive influx of capital into the crypto space. Armstrong's assertion is that the U

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Sep 16 2024FINANCE

The Crypto Scam Epidemic: How Older Americans Are Falling Victim to $5. 6 Billion in Losses

The FBI's 2023 Cryptocurrency Fraud Report reveals a staggering $5.6 billion in reported losses to cryptocurrency scams, with older Americans bearing the brunt of the damage. The majority of these scams, a whopping 53% increase from 2022, are pig butchering scams, where fraudsters build fake relatio

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Sep 16 2024POLITICS

Crypto Lobby's Bus Tour: A Last-Ditch Effort to Get Presidential Candidates Talking About Cryptocurrencies?

The Stand With Crypto Alliance, backed by Coinbase, is on a mission to get presidential candidates talking about cryptocurrencies. The group's bus tour through five battleground states kicked off in Phoenix and Las Vegas, with a goal of registering voters and getting elected officials to support the

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Sep 16 2024BUSINESS

Flowcarbon's Token Refund: A Cautionary Tale of Climate Tech's Dark Side

In a surprise move, Flowcarbon, a climate tech startup founded by Adam Neumann, has been issuing refunds to investors who purchased its "Goddess Nature Token" – a move that raises questions about the viability of carbon credits and the blockchain's role in the climate market. Flowcarbon, which secur

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