Category: Bust
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76% Of Crypto Influencers On X Guilty Of Promoting Memecoins Gone Bust
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A recent report revealed the disturbing truth of the relationship between meme currencies and social media influencers on X (formerly Twitter), revealing High failure rate. The study by Coinwire found that two-thirds of cryptocurrency influencers on X promoted memecoins that are now worthless. The small fraction received a 10-fold increase…
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Hong Kong Crypto Scam: AI Deepfake Bust
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In a major crackdown, Hong Kong authorities have successfully dismantled a complex cryptocurrency scam that leveraged advanced artificial intelligence technology to deceive victims. The scam, which was associated with losses exceeding HK$360 million (about US$46 million), targeted unsuspecting individuals in various countries, including Taiwan, Singapore and India. The perpetrators used…
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Hong Kong Crypto Scam: AI Deepfake Bust
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In a major crackdown, Hong Kong authorities have successfully dismantled a complex cryptocurrency scam that leveraged advanced artificial intelligence technology to deceive victims. The scam, which was associated with losses exceeding HK$360 million (about US$46 million), targeted unsuspecting individuals in various countries, including Taiwan, Singapore and India. The perpetrators used…
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US Government Moves 10,000 Bitcoin From Silk Road Bust, Here’s The Destination
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The US government recently transferred 10,000 Bitcoins (BTC) that were seized from Silk Roada notorious online black market platform. Over the years, the government has Many large-scale Bitcoin transfers have been carried out.strategically moving these assets to new wallets or different exchanges. US Government Transfers 10,000 BTC to Coinbase Prime…
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Will FOMO Fuel Another Rally Or Lead To A Bust?
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Bitcoin price made a strong comeback on Friday after seeing a significant amount of downward pressure throughout the past week. On Wednesday, May 1, the major cryptocurrency fell below the $60,000 level for the first time in almost two months. On Friday, May 3, Bitcoin price rebounded above the $60,000…