EminiFX was a cryptocurrency pyramid scheme, FBI alleges

EminiFX was a cryptocurrency pyramid scheme, FBI alleges
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The recent cryptocurrency crash won’t deter investors looking to get rich fast in a new technology they barely understand. It also won’t stop the many crypto-scammers who understand the psychology behind the bitcoin bubble, the mind-set that leads investors to willfully ignore the blood-red flags that warn they are being conned.

The criminal activity surrounding cryptocurrency is a growing concern to law enforcement. The FBI has formed a new specialized team — the Virtual Asset Exploitation Unit — dedicated to cryptocurrency crimes. The Securities and Exchange Commission announced it’s nearly doubling the number of staffers

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Explainer: Does the cryptocurrency crash pose a menace to the fiscal procedure?

Explainer: Does the cryptocurrency crash pose a menace to the fiscal procedure?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration

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WASHINGTON, May well 11 (Reuters) – On Tuesday, bitcoin fell briefly beneath $30,000 for the first time in 10 months, whilst cryptocurrencies in general have misplaced practically $800 billion in current market price in the previous month, according to details website CoinMarketCap, as investors fret about tightening monetary policy.

In comparison with the Fed’s very last tightening cycle which began in 2016 crypto is a a lot larger current market, elevating fears about its

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Metaverse NFTs and Cryptocurrency Small business Product and Technological innovation

Metaverse NFTs and Cryptocurrency Small business Product and Technological innovation

Becoming a member of host Sarah Aberg is Jim Gatto. Jim joins us these days to explore the metaverse, the technologies and business enterprise versions associated in these virtual worlds, the role of NFTs and cryptocurrency in the digital financial system, and the authorized, regulatory, and governance issues that can occur when organizations seek to enter that house.

Jim Gatto is a spouse in Sheppard Mullin’s Washington, D.C. workplace, where he leads the  Blockchain & Fintech Staff, Social Media & Video games Team, and Open Supply Workforce. Jim’s practice focuses on blockchain, interactive leisure, electronic art,

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68% of expense execs consider clientele should not possess cryptocurrency

68% of expense execs consider clientele should not possess cryptocurrency

A Bitcoin ATM is noticed within a fuel station in Los Angeles on June 24, 2021.

CHRIS DELMAS | AFP | Getty Visuals

About 2 out of 3 “fund selectors” don’t assume particular person traders must have cryptocurrency in their portfolios, mostly for reasons connected to transparency and regulation, according to a Natixis Investment Supervisors study.

Fund selectors at brokerage properties, economic advisory retailers, private financial institutions and other establishments review and pick the investments their companies give customers.

Sixty-8 percent will not believe men and women should really have accessibility to crypto, according to the survey, which polled 141

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