According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.
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BTC price risks $27K loss as Bitcoin trend lines brew 'bullish cross'
BTC price action offers little relief to Bitcoin bulls despite U.S. macro data releases showing inflation subsiding.
BTC price risks $27K loss as Bitcoin trend lines brew ‘bullish cross’
Bitcoin (BTC) headed toward $27,000 after the May 11 Wall Street open as bulls failed to show strength.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price “rolls over” after brief recovery
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it risked a further loss of support.
After a modest recovery from local lows seen the day prior, the pair remained weak, even as new United States macro data offered bullish cues.
“Dump was retraced but then price quickly rolled over again,” popular trader Daan Crypto Trades summarized.
“We’re still trading at the range lows and until broken I think shorts aren’t great R:R. Bulls need to show strength by retaking the daily open for me to consider a possible reversal scenario.”
How the IRS seized $10B worth of crypto using blockchain analytics
A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes.
How the IRS seized $10B worth of crypto using blockchain analytics
A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes.
Do Kwon's lawyers propose $436K bail as authorities prepare for June trial
Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”
Milady memecoin surges 5,250% after Musk tweet, exchange listings
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On May 11, Milady (LADYS), the self-organized memecoin of the namesake anime avatar nonfungible tokens (NFT) collection, surged by over 5,250% within 24 hours to trade at a $0.0000001528 at the time of publication. The day prior, American business magnate Elon Musk tweeted a meme using the imagery of a Milady NFT, sending the average Ether (ETH) sale price of the collection soaring.
According to token developers, LADYS has "no association" with Milady creator Charlotte Fang or Milady Maker. The token "is simply paying homage to an NFT collection we all love and recognize."
"$LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only."
Cryptocurrency trading addiction: What to look out for and how it is treated
The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.
Cryptocurrency trading addiction: What to look out for and how it is treated
An often overlooked aspect of the cryptocurrency market’s reputation for volatility is the effect sudden market changes can have on the mental health of traders and investors.
Addiction to day trading, or pathological trading, is already well-known among stocks and commodities traders and has been extensively documented by medical professionals. There are even rehab programs devoted to treating day-trading addiction.
With its possibility of “life-changing” money for those lucky or savvy enough to catch it, the crypto market has generated its fair share of trading addicts.
To get a better understanding of the mechanics of cryptocurrency trading addiction and how to recognize it, Magazine sat down with Tony Marini, senior specialist therapist at Castle Craig Rehab in Scotland, and Aaron Sternlicht, co-founder of New York-based private practice Family Addiction Specialist.
What is cryptocurrency trading addiction?
Sternlicht defines cryptocurrency trading addiction as the “persistent or recurrent pathological compulsion and obsession to engage in the behavior of investing in or trading cryptocurrencies despite negative consequences to personal and/or professional areas such as financial loss, disruption to relationships, career problems, mental health issues, and other such negative consequences.”
Cryptocurrency trading addiction: What to look out for and how it is treated
The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.
Cryptocurrency trading addiction: What to look out for and how it is treated
The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.
Cryptocurrency trading addiction: What to look out for and how it is treated
The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.
Cryptocurrency trading addiction: What to look out for and how it is treated
The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.
Cryptocurrency trading addiction: What to look out for and how it is treated
The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.
Pepe memecoin frenzy gets unwanted attention from scammers
As the hype surrounding the PEPE memecoin intensifies, bad actors within the space have started to take notice, resulting in various scam attempts plaguing the crypto space.
According to blockchain security firm PeckShield, there were at least ten meme coin scams created in the last three days alone. The firm detected and reported scam tokens that recently had their liquidity removed, pulling the rug on investors.
On Twitter, fake Pepe claim sites are also starting to be more prevalent. Cybersecurity company CertiK also issued an alert on a fake Pepe site claiming to provide rewards. The firm warned the community that the website is connected to a phishing contract.
Meanwhile, the official Telegram group of the Pepe coin community has also been occasionally seeing posts from fake accounts, trying to redirect its members to various websites. Members of the group have tried to consistently report and ban the users who were suspected of promoting scams.
Pepe coin’s creators have repeatedly warned the community to refrain from connecting their wallets with suspicious airdrops and giveaway claims. In addition, the team highlighted that they will not be associated with other tokens or projects.
Ordinals good or bad for Bitcoin? Supporters and opposers raise voice
Bitcoin miners, exchanges and Layer-2 builders have different reasons to support or to oppose Bitcoin Ordinals.
New wallet uses Amazon hardware security modules to eliminate seed words
The newly launched crypto wallet by Kresus requires users to sign in with “magic links,” meaning password hashes don’t need to be stored.
New wallet uses Amazon hardware security modules to eliminate seed words
The newly launched crypto wallet by Kresus requires users to sign in with “magic links,” meaning password hashes don’t need to be stored.
Terra Luna crash anniversary: Community reflects on the lessons learned
The Terra Luna crash anniversary sparks reflections on the importance of liquidity, transparency and user protection in the crypto industry.
Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiry
Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.