cryptocurrency
By Saurabh Chauhan Jagdish Sharma, a sub-inspector from Himachal Pradesh is not a rookie. He knows about frauds and scams all too well. If anyone shouldn’t have been duped in a cryptocurrency fraud, it's him, said his colleagues, as Sharma is known to be an excellent investigator. Sharma's initial reluctance to invest in the cryptocurrency that his colleagues told him about was surpassed by his desire to make quick bucks. So in 2020, he first invested 50,000 rupees; it doubled. The next year he invested 5 lakh rupees. “Since people around me were making good money, I invested 5 lakh rupees mor...
BOOM Live
By Hera Rizwan According to a recent study by The Money Mongers, a collective of cryptocurrency enthusiasts and researchers, from 2011 to 2023, cryptocurrency scams have seen a jump of 1053 times, rising from $1.79 million to $1.89 billion. Cryptocurrency or the virtual decentralised currency, has revolutionised the financial world, attracting investors and enthusiasts from all walks of life. Nonetheless, as these digital assets gain more widespread appeal, opportunistic scammers have identified fresh avenues to deceive gullible individuals. Crypto investment frauds now pose a substantial worr...
BOOM Live
By Mohammed Kudrati Dogecoin - a memes-based cryptocurrency - rose almost 30% overnight after Elon Musk-led Twitter replaced its legacy blue bird logo with that of the shiba inu breed dog representing 'doge' as a meme. On April 3, Dogecoin was trading at $0.076 cents (that's 70% of one cent) only for it to catapult to over a one cent briefly on April 4. While it currently trades 3% lower over what it was 24 hours ago - trading at 0.097 cents, it is still 31% higher than its price over just two days ago. The jump is noteworthy as it is one of the most significant it has seen in a post-pandemic ...
BOOM Live
By Mahera Dutta A Japanese Shiba Inu perched on a sofa radiating a bemused look, staring sidelong with her legs crisscrossed has been a viral sensation on the internet for over a decade. Thirteen years later, 17-year-old Kabosu, who won global fame as the face of the cryptocurrency Dogecoin is suffering from Leukemia, her owner Ms. Sato confirmed in a social media post. Two days ago, netizens heaved a collective sigh of relief when they discovered that Kobosu was recovering from a serious illness through posts online. How Did Kabosu Become A Viral Sensation?In 2013, the then 51-year-old Japane...
BOOM Live
By Mohammed Kudrati In 2021, cryptocurrency millionaires were on the covers of magazines for all the right reasons. In 2022, they're on the cover of magazines for all the wrong reasons, joining those who realise that magazine covers are slippery slopes to doom. The state of the global crypto ecosystem in 2022 has juxtapositioned itself with its state in 2021 all too perfectly. Last year, it was thriving, as around 13 months ago, most cryptocurrencies saw their lifetime highs. Today, the prices of most benchmark cryptocurrencies are trading at prices around a third of that. These lower prices o...
BOOM Live
By The Conversation In modern capitalism, it seems as if stories of companies and managers who engage in fraud and swindle their investors occur like the changing of the seasons. In fact, these scandals can be traced back to the origins of publicly traded companies, when the first stockbrokers bought and sold company shares and government securities in the coffee houses of London's Exchange Alley during the 1700s. As a historian of 18th century finance, I am struck by the similarities between what's known as the Charitable Corporation Scandal and the recent collapse of FTX. A noble causeThe Ch...
BOOM Live
By Sourit Sanyal On Monday, Sam Bankman-Fried, the founder of FTX and Alameda Research was arrested in the Bahamas after being criminally charged by US prosecutors. He was earlier slated to testify in the US Congress on Tuesday before getting arrested by the Royal Bahamas Police Force. This marks a sharp fall from grace for Bankman-Fried, who often goes by the abbreviation SBF. His arrest comes after FTX filed for bankruptcy in November after being unable to fulfil customers' withdrawal requests. Here's the journey of the 30-year-old crypto entrepreneur, whose empire went from riches to rags i...
BOOM Live
By The Conversation Not long ago, FTX was one of the world's largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year. All that has changed in the past two weeks. First, concerns emerged about links between FTX and an asset-trading firm called Alameda Research, including suggestions that customers' funds have been transferred from FTX to Alameda. Also Read:FTX Bankruptcy Won't Have Effects To The Wider World. Here's Why A few days later, rival firm Binance (t...
BOOM Live
By The Conversation Crypto assets are infamous for being highly speculative and volatile, but it is their "debt problems" that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion). This has coincided with a major downturn in global markets due to interest rates going up, but falling prices also reflect a series of collapses and bankruptcies within the industry. These include the Terra Luna blockchain, lender Celsius, the Voyager exchange/brokerage, hedge f...
BOOM Live
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら