Crypto Crash: What Should Industry Leaders Do To Avoid This In The Future? – BeinCrypto France

Crypto Crash What Should Industry Leaders Do To Avoid This

The recent crypto crash presents an opportunity for decentralized finance (DeFi) firms to rethink how this entire system works. And according to Kieran Mesquitachief scientist of RAILGUNthis gives us a chance to rebuild it. There are some steps crypto businesses and projects can take now to create a more secure and stable future for decentralized … Read more

SEC Chairman Urges ‘Rulebook’ For Cryptography To Avoid Oversight Gaps

SEC Chairman Urges Rulebook For Cryptography To Avoid Oversight Gaps

The chairman of the U.S. Securities and Exchange Commission is seeking to strike deals with other financial agencies to keep cryptocurrency operators from falling through the cracks of the fragmented U.S. regulatory structure. Gary Gensler told the Financial Times that he is talking to his counterparts at the Commodity Futures Trading Commission about a formal … Read more

Korean Crypto Exchanges Form Body To Avoid Another Terra-Style Crash

Korean Crypto Exchanges Form Body To Avoid Another Terra Style Crash

Major South Korean crypto exchanges have decided to form an advisory body to prevent the recurrence of similar incidents like the Terra (LUNA) ecosystem crash that resulted in major losses. Exchanges including Upbit, Bithumb, Coinone, Korbit and Gopax are looking to offer strict and standard screening measures before listing cryptocurrencies by the second half of … Read more

NFT vs phishing – How to identify and avoid potential scams? – CryptoNews

NFT vs phishing How to identify and avoid potential

Holders of NFTs have become prime targets for scams of all kinds. And when the token actually purchased is well supported by a real project, phishing attacks take over. This is to strip these designated victims of vested rights to their precious digital images. A reality that has repeatedly struck the Bored Ape Yacht Club … Read more

Scam Alert: How to Avoid Trouble When Airdropping Terra’s LUNA 2.0 | Cryptocurrency

Scam Alert How to Avoid Trouble When Airdropping Terras LUNA scaled

Terra’s LUNA hard fork is scheduled for May 28, followed by the launch and airdrop of LUNA 2.0. Security firm Blockchain has identified scammers sending Wrapped LUNA 2.0 to Terra Deployer, airdrops to Vitalik Buterin and Justin Sun. Terra core developers have received governance approval to burn 1.3 billion UST, or 11% of the community … Read more

Ukrainians Put Their Savings Into Crypto To Avoid War Risks. Then He crashed. – Tech Tribune France

A kyiv resident wanted to protect his savings to avoid the risks of the Russian war, according to the Guardian. He put the sum of $10,500 into terra, a “stable” crypto-token that later crashed in value. The Ukrainian’s account is one of many stories of retail investors burned by the crypto crash. Loading Something is … Read more

Taxes 2022: how to avoid your NFTs being taxed

Unknown at the start of 2021, NFTs (non-fungible tokens) quickly found their place in the portfolios of many investors. How do you declare your earnings to the tax authorities? Decryption. Within a year, the NFT industry exploded. At the end of 2021, more than 40 billion dollars had already been invested in these blockchain-backed digital … Read more

How to Avoid ‘Rug Pulls’, The Latest Cryptocurrency Scam

The investment information provided on this page is for educational purposes only. NerdWallet does not provide advisory or brokerage services, and does not recommend or advise investors to buy or sell particular stocks, securities or other investments. A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug draw”. The scam, … Read more

‘Only a few’ cryptos should avoid SEC scrutiny, says Chairman Gensler – CNET – ApparelGeek

Only a few cryptos should avoid SEC scrutiny says Chairman

The vast majority of crypto tokens in circulation are securities that should be overseen by the Securities and Exchange Commission, Chairman Gary Gensler will say in a speech Monday, according to prepared remarks. “The fact is, most crypto tokens involve a group and entrepreneurs raising funds from the public in anticipation of profits – the … Read more