A retail version of a digital euro could be on the cards after Christine Lagarde, President of the European Central Bank (ECB), announced a survey on the subject amid talk of a “new model” to deal with the ongoing banking issues caused by the coronavirus.
The Ledger wallet scam that began when personal details of Ledger customers were stolen in July is intensifying, with emails and SMS messages being on a weekly basis urging users to give up their private keys. Users are still being tricked into handing over remote access to their devices following the barrage of communications from the Ledger wallet scam hackers, with the less crypto-educated increasing the victim count.
Read the full article at FullyCrypto: https://fullycrypto.com/ledger-wallet-scam-campaign-not-letting-up
A Bitcoin fund manager who operated a Ponzi scheme and lost $5 million of his clients’ money has been arrested by the FBI more than two years after victims pressed charges. Jeremy Spence, who went by the name CoinSignals, convinced 174 individuals to hand over the contributions, saying he could return three figure profits when in fact he was using new money to pay back older investors. It is suspected that Spence lost a huge chunk of the money when Bitcoin crashed from $6,480 to $3,660 in November 2018.
Read the full article at FullyCrypto: https://fullycrypto.com/coinsignals-operator-jeremy-spence-arrested-by-fbi
The trustee for the QuadrigaCX exchange has revealed a $141 million shortfall between customer claims and remaining funds. In the latest update on the status of the collapsed exchange, EY stated that they had received claims totaling $171 million while the amount of money available to creditors is only $29.8 million. The reason for the discrepancy is likely to have been the fact that now deceased founder Gerald Cotten traded with customer funds, losing millions in the process.
Read the full article at FullyCrypto: https://fullycrypto.com/quadrigacx-trustee-reveals-141-million-shortfall
Bitcoin is the world’s first and oldest cryptocurrency. Since its creation in 2008 it has made headlines all around the world, for both good and bad reasons, but many people don’t understand exactly how it works and why it’s so special. Our essentials guide to Bitcoin will attempt to explain what it is and why it is so revolutionary.
Read the full article at FullyCrypto: https://fullycrypto.com/crypto-essentials-an-overview-of-bitcoin
There’s nothing better than checking your crypto portfolio and seeing everything in the green, but checking in too often is an indicator that something is not right. There is no set number of times which you should or should not check your crypto portfolio per day of course, but checking more than a handful of times per day is a sure sign that you are worried about one or more of your trades.
Read the full article at FullyCrypto: https://fullycrypto.com/how-to-stop-checking-your-crypto-portfolio
Optimism is one of the Layer 2 solutions to the scaling problem that has plagued the network since the crypto boom of 2017, and its anticipated rollout this month is in many ways a make-or-break moment for Ethereum. A successful mainnet launch will massively ease the burden on the hugely overcrowded network and ensure that the DeFi movement continues to have its home there, but anything less than a resounding success could see developers and projects leaving the platform to further their aims, and those of DeFi in general.
Read the full article at FullyCrypto: https://fullycrypto.com/optimism-ethereums-all-or-nothing-play
In the crypto world, scammers are constantly looking for a quick and easy pay day. If they put half as much effort into working a real job as they did when trying to scam people and steal, they’d probably end up earning more. Anyway, their lack of moral compass aside. Typo squatters are a real issue, so make sure you’re being careful.
Read the full article at FullyCrypto: https://fullycrypto.com/watch-out-for-typo-squatters-theyre-rampant
Another month, another dark web marketplace takedown. In December it was
Sipulimarket, this month it’s German-based DarkMarket, and the taking down of what has been referred to as the largest dark web marketplace in the world has been felt across the other side of the world. DarkMarket was taken offline when its primary administrator, an as yet unnamed 34-year-old Australian man living in Germany, was apprehended by German authorities, which has led two weeks later to Australian police raiding several homes in the suspect’s homeland, where a laptop, cell phones, sim cards, USB drives, and bank cards were seized.
Read the full article at FullyCrypto: https://fullycrypto.com/darkmarket-takedown-leads-to-australian-police-raids
Timing the end of a market cycle is the secret to trading on all time frames, particularly so in an alt season. You don’t want to have stacked a whole load of BTC through alt coins only to lose it because you mistime the move back into BTC. but how can you tell when an alt season is coming to an end and it’s time for Bitcoin to take center stage again?
Read the full article at FullyCrypto: https://fullycrypto.com/alt-season-how-to-tell-when-its-over