Crypto Ethone

  Eric Meiggs, 23, and at least one other co-conspirator stole more than $530,000 from at least 10 victims, the US attorney’s office said. A Brockton man pleaded guilty Wednesday to operating a nationwide scheme to steal hundreds of thousands of dollars in cryptocurrency and social media accounts using a practice known as SIM-swapping, officials said. Eric Meiggs, 23, and at least one other co-conspirator stole more than $530,000 from at least 10 victims, the US attorney’s office said in a statement.  He took control of two victims’ social media accounts.  They targeted victims who appeared to have significant amounts of cryptocurrency and high value social media account names, the statement said. SIM-swapping involves convincing a victim’s cell phone carrier to reassign the phone number from their SIM card to a SIM card inside a phone controlled by the cybercriminals, the statement said.  Posing as the victim, they then request an online account provider to send a p...

Announces Roadmap For A Scalable Network For The Multi-Billion Dollar DeFi Market April 28, 2021 09:00 ET | Source: Radix London, April 28, 2021 (GLOBE NEWSWIRE) -- Radix, the layer-one protocol purpose-built for DeFi, announced today the launch of their Betanet, marking a major milestone in the development of the Radix public network, and the beginning of public testing ahead of their first mainnet release.  This launch is the first step in Radix’s multi-year roadmap to a multi-trillion dollar decentralized finance (DeFi) market. According to DeFi Pulse, DeFi is now managing over $52Bn in crypto assets .  Although the market has grown from less than $1bn at the start of 2020 it still has a long way to climb before it reaches the heights of the traditional financial markets, such as the global derivatives markets, which trades over $640tn in contracts annually.  However, protocols like Ethereum have had a hard time scaling quickly, creating huge amounts of congestion and ...

  APRIL 27, 2021 | NEW YORK, NY First credit card to provide real-time crypto rewards, up to 3% in crypto on purchases Gemini , a cryptocurrency platform, today announced details of its first-of-a-kind cryptocurrency rewards credit card, including a partnership with Mastercard and WebBank, a leader in digital lending and the bank issuing the credit card. Since it was first introduced in early 2021, the Gemini Credit Card has amassed more than 140,000 people on its waitlist. Gemini has teamed up with Mastercard as the exclusive card network to offer a number of innovative features for this upcoming offering: Crypto rewards on purchases:  Cardholders will earn up to 3% back on qualifying purchases in bitcoin or any of the more than 30 cryptocurrencies available on Gemini. Crypto rewards will automatically be deposited into the cardholders’ Gemini account. Real-time rewards :  Gemini is building a first-of-a-kind crypto rewards platform to deliver crypto...

  The ERC20 token allows consumers to buy wine at substantial discounts TORONTO ,  April 26, 2021  /CNW/ - Wine Craft has released the first blockchain for the wine industry.  The ERC20 token is an Ethereum blockchain that allows consumers to enjoy significant savings when purchasing bottles of wine at participating stores with the WINE token. Wineries worldwide can join the Wine Craft program, using the WINE token to facilitate sales to local consumers.  Wine Craft is backed by the largest craft winery brand in  Canada  with over 40 years in business and 20 retail locations.  The ticker symbol for the venture is WINE.  Customers can access the service using the Uniswap app after connecting to an Ethereum wallet such as MetaMask .  They can then convert the token they prefer. "We know everybody is online today, but you may not know how massive the crypto enthusiasts community is out there.  Getting online and getting in...

  Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish Crypto Exchange Being Investigated Following the alleged exit scam pulled by cryptocurrency exchange Thodex, another crypto trading platform is being investigated by Turkish authorities, the state-run Anadolu news agency said Friday. Vebitcoin, a Turkey-based crypto trading platform, became the second crypto exchange to face troubles within about a week after the country’s central bank banned crypto use for payments. Vebitcoin posted a notice on its website on Friday stating: “Due to the recent developments in the crypto money industry, there was a much higher density in our operations than expected. We would like t...

  Turkish authorities say four people linked to the cryptocurrency platform Vebitcoin have been arrested, accused of fraud. Hours earlier, the company abruptly announced it had ceased operations, citing financial strains. Officials also launched an investigation and blocked the accounts of the platform. Earlier this week, a second Turkish platform, Thodex, shut down holding investments from about 390,000 users. Increasing numbers of people are opting to use cryptocurrencies in Turkey in an attempt to protect their savings from a sharp decline in the value of the local currency, the lira.  But the Turkish cryptocurrency market is unregulated. Last week, Turkey said it would ban the use of cryptocurrencies to pay for goods and services from 30 April. Mehmet Nadir Yagci, a prosecutor in the south-western city of Mugla, said the four arrested were administrators and personnel of the platform. On Friday, Vebitcoin announced on its website it had stopped all activities "in order t...

Turkish authorities have issued an international arrest warrant for the founder and CEO of cryptocurrency exchange Thodex, Faruk Fatih Ozer, who reportedly fled to Albania's capital Tirana on Tuesday with $2 billion in investors' assets. Turkey's police have already detained 62 people as part of the investigation, after thousands of users complained of being scammed by the Istanbul-based cryptocurrency platform. Ozer's firm announced on Wednesday that it needed to suspend all activities for five days due to an unspecified outside investment, leaving its 391,000 investors unable to withdraw money or access their accounts. "We have started the legal procedures and lodged a complaint at the prosecutor's office," Oguz Evren Kilic, a lawyer for the allegedly defrauded investors, told AFP on Thursday. Turkish authorities issued arrest warrants for 16 other people beyond the 62 already detained, about whom there is no information yet. Ozer stands accused of ...

The ELONGATE emblem as seen in New York. Born out of the cryptocurrency space, Elongate's ever expanding community has rallied on to support the charitable movement. BERN, Switzerland ,  April 22, 2021  /PRNewswire/ -- ELONGATE, a fast-rising cryptocurrency token that launched 3 weeks ago, has pledged a total of more than  US$1,000,000  in monetary donations to various charities. Built on the Binance Smart Chain, Elongate is a crypto token that was born from an  Elon Musk  tweet and has since been determined to wield the power and capital of memes and internet culture to change the face of charitable giving. In a series of weekly live streams called charity parties with its tight-knit community of investors, Elongate has donated to charitable organizations including Children International, Action Against Hunger, and The Ocean Cleanup. On  April 4 , Children International accepted a first donation of   $75,000 , an amount which was increased to ...

Baillie Gifford & Co., a money manager known for early bets on technology stocks like Tesla Inc., has invested $100 million in one of the U.K.’s biggest cryptocurrency start-ups. The Edinburgh-based firm participated in the latest funding round for Blockchain.com, according to a post on Tuesday from Peter Smith, co-founder and CEO of the crypto wallet provider.  The company allows users to buy and store digital tokens such as Bitcoin. The $100 million is the single largest investment in Blockchain.com to date, according to Smith, and represents another stamp of approval from institutional investors for digital assets.  It comes even as critics warn that a speculative bubble is building amid record-breaking rallies in some tokens and the listing of exchange Coinbase Global Inc. “As one of their first investments in a crypto company, we’re honored to include them on our journey,” Smith said in the post.  “ It’s also a validation that a balanced and diversified retail/i...