Bitcoin Latinum, a Palo-Alto, California-based cryptocurrency, and Kevin Jonna of San Diego, California, have been named in a civil lawsuit filed on February 1, 2022 alleging securities fraud, wire fraud, and fraudulent conversion of investment funds.  The lawsuit, filed in federal court in Detroit, Michigan, alleges that Bitcoin Latinum and Kevin Jonna offered and sold … Continue reading "Bitcoin Latinum Named in Civil Lawsuit Alleging Securities Fraud, Wire Fraud, and Fraudulent Conversion of Investment Funds"

The post Bitcoin Latinum Named in Civil Lawsuit Alleging Securities Fraud, Wire Fraud, and Fraudulent Conversion of Investment Funds appeared first on CryptoCurrencyWire.

Let's take a look back at the biggest news stories from the worlds of Forex, Fintech and Crypto, in our best of the week segment. US White House Plans to Issue an Executive Order on Crypto.

Basketball player LeBron James is the latest celebrity to join Crypto.com‘s high-profile marketing campaign, which already includes actor Matt Damon and the naming rights to a Los Angeles sports facility. The LeBron James Family Foundation (LJF) and Crypto.com announced a multi-year agreement on Friday to support Web3-related ‘educational and professional development initiatives’ that help students and families create a ‘solid foundation in Web3 and…blockchain-based decentralized applications.’ Web3 (or Web 3.0) refers to what some see as a more egalitarian and fair internet. Its proponents argue that it is decentralized, providing consumers more control. The relationship with James is part of Crypto.com’s huge marketing push in recent months, which has enlisted the help of Hollywood luminaries and cost the company more than $1 billion. The Singapore and Hong Kong-based exchange secured a $700 million contract in November to have its name emblazoned on the former Staples Center, which is now home to the NBA’s Los Angeles Lakers (James’ franchise) and Clippers. The company earns a share of crowd transactions at the venue as part of the arena naming rights contract, and even more if the transactions are conducted using Crypto.com’s app. In October, Crypto.com debuted television advertising showing Damon, a corporate investor who has since become the brand’s face. The Damon-led series of ads, which will also include NBA player Carmelo Anthony, mixed martial artist Ronda Rousey, and South Korean rapper Lee Chae-rin, nicknamed CL, cost $100 million to develop. Crypto.com declined to comment on whether James would feature in a commercial as part of the new collaboration. According to Bloomberg, the corporation has also invested another $400 million in other sports sponsorship deals, including with the Ultimate Fighting Championship (UFC), Formula 1 motor racing, and elite ice hockey, football, and soccer clubs. In December, Crypto.com CEO Kris Marszalek told Fortune that the platform’s goal is to become the next ‘killer app…like Instagram, but for the crypto world.’ He indicated at the time that the company was profitable on $500 million in revenue during the April to June 2021 quarter. Crypto.com had 10 million users a year ago, but according to a representative, that figure has increased dramatically since then. Hackers stole almost $30 million in cryptocurrency from 483 Crypto.com customer accounts earlier this month; the business later refunded those users. Celebrities are increasingly being used by crypto firms, metaverse platforms, and digital asset efforts, such as non-fungible token (NFT) projects, to generate attention. NBA player Steph Curry, for example, just debuted a digital shoe NFT collection and owns an NFT from the Bored Ape Yacht Club, a popular NFT collection featuring bored-looking digital apes in various colors and clothes. Meanwhile, Paris Hilton, a reality TV celebrity, and DJ Steve Aoki just performed in the metaverse. In the Sandbox, one of the most popular metaverse platforms, Warner Music is constructing a concert-themed theme park. Celebrities promoting cryptocurrency and other hot internet-based enterprises, on the other hand, have been chastised. Investors filed a complaint in early January, saying that celebrity marketers of the crypto asset EthereumMax misled them through fraudulent and deceptive social media posts. The complaint names reality celebrity and influencer Kim Kardashian as well as boxer Floyd Mayweather. Skeptics also worry about a coming ‘crypto winter,’ which refers to a significant decrease in cryptocurrency prices followed by months of decline. Bitcoin and Ethereum, the two most prominent cryptocurrencies, have lost over 40 percent of their value since November.

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Crypto YouTubers have been the latest victims of hacking attacks. Several YouTube accounts dealing in the crypto niche were targeted on January 23, as hackers [...]

Several high-profile crypto YouTubers fell victim to a mass hacking incident on the afternoon of January 23rd. BREAKING: Dozens of Crypto YouTubers have had their accounts hijacked by hackers promoting a fake crypto giveaway scam. Hacked accounts include:@IvanOnTech@boxmining@aantonop@themooncarl@Bitboy_Crypto@mmcrypto@Altcoinbuzzio@FloydMayweather@crypto_banter@CoinMarketCap pic.twitter.com/ykXkZUh9cO — Mr. Whale (@CryptoWhale) January 23, 2022 Damages were kept within tight bounds Among the hacked […]

The post Scam Warning: Mass Attack On Prominent Crypto YouTube Channels appeared first on CryptoCoin.News.

The official YouTube channels of several top cryptocurrency influencers were hacked on Sunday to post unauthorized videos and ask for cryptocurrencies from followers. The compromised YouTube channels include BitBoy Crypto, Altcoin Buzz, Ivan on Tech, The Moon, and a few others. Security of the account of boxing champion Floyd Mayweather was also breached to post unauthorized videos. […]

An unapproved video was uploaded to the hacked channels. Richard Heart, said that his channel had been blocked amid a

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U.K.’s financial watchdog Financial Conduct Authority revealed that it is planning to curb the marketing of cryptocurrencies and other high-risk investments, a move that comes amid a boom in crypto ads and endorsements from celebrities. The changes would strengthen risk warnings on ads and ban incentives to invest, such as new joiner or refer-a-friend bonuses, […]

Steven is a man who was raised on the Shetland archipelago. At the age of 13, he left school and made his way into construction, where he earned a whopping salary of more than 85,000 pounds per year. How Steven Has Dealt with His Crypto Addiction This isn’t bad for someone with limited educational means....

The post A Man Named Steven Has Lost Everything to Crypto appeared first on Live Bitcoin News.

The cryptocurrency market is inexperienced with nearly all of the cash recording optimistic figures in 24-hour and 7-day modifications. Terra’s LUNA and meme coin Dogecoin are main in 7-day positive aspects whereas Cardano’s ADA tops 24 hr positive aspects as of writing. Among different headlines outdoors the markets, a Swiss financial institution has laid extra […]

The post IMF says Bitcoin’s correlation with large-cap US shares is a trigger for concern appeared first on Bitcoin Upload.

As part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad that targets over 100,000 people. 10-Day Advance Notice Rule The Spanish government has tasked the country’s securities watchdog with authorizing advertisements that promote cryptocurrencies, a […]

Spain is the latest to take a hardline on crypto advertising campaigns, including tough fines for influencers who fail to comply.