The official Twitter account of Dogecoin announced on Saturday that it had been exposed to a new scam and warned followers about the scheme to steal their funds. The official account requested people avoid communication that pretends to be a technology support account or team from Dogecoin. They mentioned that no such Dogecoin support Twitter account exists…
Dollar Edges Higher Before Key US Jobs Report
LONDON—The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S. jobs data for further clues about the strength of the economy. The U.S. dollar index, which measures the greenback against a basket of currencies, was up…
SEC Charges 11 People in $300 Million Global Crypto Pyramid Fraud
August 2, 2022
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The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for creating a crypto pyramid and Ponzi scheme that raked in over $300 million from millions of global investors, including those from the United States. In January 2020, Mikhail Sergeev, Sergey Maslakov, and “Jane Doe,” also known as Lola Ferrari, launched the website Forsage.io,…
Stocks and Bond Yields Fall on Taiwan Tensions
August 2, 2022
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LONDON/TOKYO—Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States. Investors sought safer assets after China threatened repercussions if Pelosi visited the self-ruled island, which…
Dollar Hits Three-Week Low to Yen as Fed’s Powell Less Hawkish Than Feared
TOKYO—The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors’ worries about continued aggressive monetary tightening. The U.S. currency sank as low as 135.105 yen, its weakest since July 6 after the Fed raised the benchmark rate by an as-expected 75 basis points to bring…
Dollar Creeps Lower as Large Fed Rate Hike Looms
July 27, 2022
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LONDON—The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. But moves in currency markets were modest as traders await the policy announcement at 1800 GMT. Money…
Former CEO Pleads Guilty in $21 Million Crypto Fraud Scheme, Wants to Give Money Back to Investors
The CEO of Titanium Blockchain Infrastructure Services Inc (TBIS), a purported cryptocurrency investment platform, pleaded guilty on July 22 to his role in a cryptocurrency fraud scheme, the Department of Justice (DOJ) announced. Michael Alan Stollery, 54, of Reseda, California, was the CEO and founder of TBIS, which was founded in 2017. Prosecutors said that Stollery pleaded guilty to one count…
Californians Can Soon Donate Cryptocurrency to Political Campaigns
July 25, 2022
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Californians will soon be able to donate to political campaigns using digital money, after a July 21 vote by the state’s Fair Political Practices Commission. Citing concerns about traceability, the state banned cryptocurrency donations four years ago. When presenting the proposal to repeal the ban to the commission, General Counsel David Bainbridge said new safeguards…
California to Allow Cryptocurrency Donations to Political Campaigns
July 25, 2022
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bitcoincampaign contributionscryptocurrencyeconomyLocal NewsNorthern Californiapolitical campaignRegional NewsRegional-Local NewsSouthern CaliforniaUS
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Californians will soon be able to donate to political campaigns using digital money, after a July 21 vote by the state’s Fair Political Practices Commission. Citing concerns about traceability, the state banned cryptocurrency donations four years ago. When presenting the proposal to repeal the ban to the commission, General Counsel David Bainbridge said new safeguards…
Fake Crypto Apps Scammed Investors out of Over $42 Million, FBI Says
July 22, 2022
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The FBI issued a warning to U.S. investors and financial institutions about cyber criminals targeting cryptocurrency markets with fraudulent schemes, resulting in hundreds of people losing millions of dollars in these activities. “The FBI has observed cyber criminals contacting U.S. investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent…
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