Lookonchain, a blockchain analysis platform, highlighted an ingenious yet deceptive scam concerning fake WETH (Wrapped Ethereum) in the crypto market. The swindle involves scammers creating counterfeit WETH tokens, transferring these from reputable wallets, and buying memecoins. This elaborate trick may
In a significant development for the cryptocurrency market, BlackRock, the world’s largest asset manager, recently filed for a Bitcoin Exchange-Traded Fund (ETF) with the SEC. The move has sparked a rally in the crypto space, attracting the attention of investors
Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot, “Explain This Bob,” following allegations of being a “scam crypto account” made by Elon Musk. The bot, which utilized OpenAI’s GPT-4 model to comprehend and respond to tweets,
AI Token VAIOT (VAI) has brought more than 100% in gains to holders of the cryptocurrency due to the boom in artificial intelligence which is being used in many facets of the global economy. AI Token VAI has soared by 112%
Nevada man Bryan Lee has been charged with crimes involving CoinDeal, a so-called metaverse cryptocurrency that was actually an investment fraud scheme. The company is said to have defrauded investors of $45 million between 2018 and 2022. CoinDeal Scam The
The European Union (EU) Council has adopted rules requiring crypto asset service providers to collect transaction data and forward it to tax authorities. The move reflects a global trend towards increased scrutiny and regulation of the cryptocurrency industry, though some
The European Union is reportedly planning to include non-fungible tokens (NFTs) and foreign companies in the upcoming crypto tax, reported Coindesk. The EU has prepared a draft text, known as the eighth directive on administrative cooperation (DAC8), which would require
Leading US-based cryptocurrency exchange Coinbase may consider moving its headquarters outside of the country. The crypto industry in the United States is currently experiencing uncertainty due to unclear regulations. This uncertainty has led many crypto companies to consider relocating or
Twitter boss Elon Musk has claimed the US government has full access to everything on the microblogging site – including private direct messages (DMs) between users. Musk acquired Twitter for $44 billion last October, and since then the tech billionaire
Solana Labs, the development team behind popular blockchain technology Solana, has released its own ‘crypto smartphone’. The new device, named Saga, will be backed by Android’s latest operating system, Android 14, and goes on sale on May 8. Crypto phones
AI token CryptoGPT is among the cryptocurrencies that have brought triple-percentage gains to traders and investors in 2023. New funding announced in the second week of April could expand the project’s ecosystem and reflect positively on its price. The asset
Big data token Render has quickly become one of the most talked-about cryptocurrencies due to its rally in Q1 2023, a period where certain areas of the crypto-economy such as the NFT space struggled to maintain its metrics. RNDR, the
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