CryptoNews

Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears – Africa Bitcoin News

August 23, 2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert customer funds. Some critics have characterized the conversion of user funds as the Patrica team’s attempt to exit scam…
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CryptoNews

US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders – Regulation Bitcoin News

August 23, 2023
A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme. SIM Swap Fraud Scheme A United States district court has sentenced to 36 months in prison a man accused of being part of a conspiracy to defraud…
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CryptoNews

Revolutionizing Crypto Trading: KyberSwap Introduces KyberAI - The Leading AI-Driven Crypto Trading Tool – Sponsored Bitcoin News

August 23, 2023
KyberSwap, a leading decentralized exchange has unveiled KyberAI, a suite of AI-powered crypto tools poised to reshape how traders navigate the dynamic landscape of decentralized finance. KyberAI was developed to address the pressing need for predictive insights in the crypto market, offering bullish and bearish ratings for over 4000 tokens. By seamlessly amalgamating on-chain and off-chain data…
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CryptoNews

Australia-Based Crypto Lender Sentenced for False Credit License Claims – Regulation Bitcoin News

August 22, 2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered a “recognisance” of $9,560 (AUD15,000) for 12 months which is contingent on the crypto lender’s good behavior. Helio Said…
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