The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting.
Meta Platforms’ Facebook Faces Online Fraud Lawsuits in Thailand
Authorities in Thailand have accused the…
AI-Powered Solutions Can Help Crypto Traders Overcome 'Cognitive Biases' When Investing — Libertify CEO – Interview Bitcoin News
August 23, 2023
According to Steve Rosenblum, the founder and CEO of Libertify, Artificial Intelligence (AI) driven investment solutions can assist investors in making “timely adjustments to asset allocation.” This means investors using such a solution will be able “navigate the…
Bitcoin continued to sit firmly below the $26,000 level on Wednesday, after breaking out of a key price floor. The world’s largest cryptocurrency by market cap has mostly consolidated in recent days, as traders await Federal Reserve Chair Jerome Powell’s speech at…
Biggest Movers: BNB Rebounds From 1-Year Low, SHIB Surges Higher – Market Updates Bitcoin News
August 23, 2023
BNB was one of Wednesday’s biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following recent losses.
BNB
BNB, the native token of cryptocurrency exchange Binance, rose by as much as 4% on Wednesday, following…
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…
SEC Charges Crypto Investment Adviser for Publishing Misleading 'Hypothetical Performance Projections' – Regulation Bitcoin News
August 23, 2023
The U.S. Securities and Exchange Commission (SEC) has charged Titan Global Capital Management for publishing misleading “hypothetical performance projections” regarding its crypto investment product. Titan Global is also accused of violating the marketing rule when it…
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence – Market Updates Bitcoin News
August 23, 2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%.
Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for a Rebound
Recent statistics paint a tumultuous picture for XRP. Over the past week alone, its price dipped by 18.5%, and a…
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…
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an…
Bitcoin, Ethereum Technical Analysis: BTC Falls Briefly Below $26,000, as Sentiment Remains Weak – Market Updates Bitcoin News
August 23, 2023
Bitcoin fell below the $26,000 level on Tuesday, as sentiment in the cryptocurrency market remained bearish. The latest drop comes despite price being oversold, following recent declines. As of writing, the global market cap is down 0.42%.
Bitcoin
Bitcoin dropped marginally below the $26,000 level during today’s session, as overall sentiment in the market remained bearish.
BTC/USD fell to an…
