Crypto News
Australians Lost $122M Worth of Crypto to Scams in 12 Months: Police
Australia's national police agency has warned that Australians lost at least Australian dollars 180 million of cryptocurrency ($122 million) in investment scams in just 12 months, "urging all to be extra aware of the proliferation and sophistication of scams," an announcement on Wednesday said.Source link
SEC Charges Two Brothers Over Alleged $60 Million Crypto Ponzi Scheme
The SEC accuses the Adam brothers of defrauding investors by claiming their funds would be placed in a lending pool to fund “flash loans.”Source link
Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online
Toncoin's TON performed better than the CoinDesk 20 as the protocol announced its blockchain had restarted.Source link
JPMorgan Strategist Predicts US Liquidity to Contract as Temporary Boosts Fade
JPMorgan strategist Nikolaos Panigirtzoglou has discussed recent changes in the U.S. M2 money supply, noting a temporary rebound following a decline in April. He expects U.S. liquidity to contract again, similar to 2022, influenced by the Fed’s ongoing quantitative tightening (QT) and slower bank loan growth. JPMorgan Strategist Foresees U.S. Liquidity Contraction Ahead Nikolaos Panigirtzoglou,Source link
Salvadoran Educational Nonprofit Mi Primer Bitcoin Risks Running out of Funds
Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September according to statements from its founder John Dennehy. Dennehy declared that while they expect to receive multiple grants by the end of the year, they need additional funds to reach that period. He assessed that thisSource link