Category: Cryptocurrency
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Google Sues App Developers Over Fake Crypto Investment App Scam
Google has filed a lawsuit against two app developers for engaging in an “international online consumer investment fraud scheme” that tricked users into downloading bogus Android apps from the Google Play Store and other sources and stealing their funds under the guise of promising higher returns. The individuals in question are Yunfeng Sun (aka Alphonse…
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Hackers Exploit Magento Bug to Steal Payment Data from E-commerce Websites
Threat actors have been found exploiting a critical flaw in Magento to inject a persistent backdoor into e-commerce websites. The attack leverages CVE-2024-20720 (CVSS score: 9.1), which has been described by Adobe as a case of “improper neutralization of special elements” that could pave the way for arbitrary code execution. It was addressed by the company as part of…
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10 Wildly-Successful Blogs That Earn Outlandish Incomes
In an astounding feat of bits and bytes, the internet buzzes with activity, teeming with thousands of terabytes of digitized information flowing every minute. It is a spectacle of data whizzing around the globe, invisible to the naked eye, but conveyed in the digital algorithms and lossless-compression systems that allow us to instantly see, chat and…
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BRICS Contemplates Standard Currency for Intra-Trade Transactions
π According to sources within Telegram channels, BRICS is considering the introduction of a standardized currency for purchasing select groups of goods among member countries. The proposed plan includes utilizing the yuan for acquiring technological products from China, the rial for procuring oil from Iran, the rupee for transactions involving gold and jewelry from India,…
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Detained Binance executive in court on Nigerian tax, money laundry charges
π³π¬ One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges. Binance and two of its executives Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who…
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U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (TOEP).…
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Bitcoin Hits $73K, ETH Faces Downtrend
Crypto Price Today: Bitcoin soared to an astounding $73,000, the surge of 47% in the past monthCrypto Price Today: Bitcoin, the flagship cryptocurrency, has been on a remarkable ascent, defying skeptics and stunning investors worldwide. As it soared to an astounding $73,000, the surge of 47% in the past month and a staggering 199% increase…
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Easiest Ways to Transfer Bitcoin to Bank Account
Bitcoin transactions made easy: Navigating options for seamless conversions to your bank account As the popularity of cryptocurrency continues to grow, individuals are increasingly exploring ways for transferring Bitcoin into bank accounts and converting their cryptocurrency holdings into traditional fiat currency. Various methods exist, each offering unique advantages and considerations. In this article, we will…
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Binance to stop services in Nigerian Naira amid crackdown on crypto exchanges
Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange. It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether…
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‘Two taps and someone’s life savings could be gone’: Venmo, Zelle and Cash App fraud is ‘skyrocketing’, top District Attorney warns, demanding companies do more to protect users
Venmo, Zelle and Cash App are leaving customers vulnerable to theft, a top District Attorney has said Manhattan District Attorney Alvin Bragg accused the instant payment apps of putting customers at risk of fraud which is ‘draining bank accounts of significant sums of money.’ Bragg sent letters to the popular apps demanding that they increase…
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