InCoin Eng (crypto news)

2022-01-07 18:22:01 SEC fined Crowd Machine operator $195,000 for Unregistered ICO

In particular, the lawsuit was filed against the Australian Craig Derel Sproul and his firm Metavine, who conducted an IPO for the startup Crowd Machine from January to April 2018. According to the complaint of the U.S. Securities and Exchange Commission (SEC), CMCT tokens were sold as unregistered securities.

The project was never launched, and the information about the use of the collected money was significantly distorted. Sproul promised investors that their investments would be used to develop a decentralized peer-to-peer network "Crowd Computer", which would function on users' devices without traditional centralized servers.

Despite the fact that at least $33 million was raised during the ICO, Sproul claims that they were not enough for the further development of the project.

According to Cornerstone Research, since 2013, the SEC has fined cryptocurrency projects totaling $1.7 billion. Open / Comment

2022-01-07 16:38:01 In South Korea, NFT is going to be used in politics

The ruling Democratic Party of Korea (PKK) has announced plans to release an NFT with an image of its presidential candidate to finance his election campaign. The fundraising plan involves accepting donations in cryptocurrency, in return, donors will be given receipts in the form of NFT with photos of the candidate or his election promises.

The elections are scheduled for March 9, 2022, and the electoral headquarters of the candidate from the KDP considers the release of NXT as an attempt to win over the young electorate, especially those aged 20 to 30. This age group is the most active, as well as massively involved in the cryptocurrency sphere.

If you look at the distribution of participants in the South Korean cryptocurrency market by age, then those aged 20 to 30 account for about 62%, followed by participants under the age of 40 (21.5%), under 50 (12.1%), and citizens under the age of 60 and older (4.4%). Open / Comment

2022-01-07 15:56:01 Mozilla has suspended accepting donations in cryptocurrencies

According to a tweet from Mozilla, which developed the Firefox browser, Mozilla reminded subscribers last week that they can send donations to the company's fund in BTC, ETH and DOGE through the cryptocurrency payment operator BitPay. However, many members of the Mozilla community reacted to this message with disapproval, and some did not even know that the company had started accepting BTC since 2014.

They included Mozilla programmer and co-founder Jamie Zawinski, who has stopped working at the company since 2000. He criticized Mozilla's message, writing that he was "ashamed of the company's decision to cooperate with scammers promoting Ponzi schemes and burning the planet." Zawinski called the cryptocurrency industry an unrealistic business model that "makes money on environmental pollution." Open / Comment

2022-01-05 20:25:00 Goldman Sachs predicted the rise in bitcoin price to $100 thousand

According to the forecast of analysts of investment bank Goldman Sachs, in the coming years, the cryptocurrency may increase its share in the market of means of savings up to 50%. In this case, the value of the main digital asset will exceed $100 thousand, confident in Goldman Sachs. Also, the bank expressed confidence that the rate of bitcoin will continue to grow, despite the concerns of institutional investors about the impact of the cryptocurrency on the environment.

In September, Bloomberg chief commodity strategist Mike McGlone spoke about the growth of bitcoin up to $100 thousand. The analyst argued that the price of the first cryptocurrency will rise to this mark by the end of 2021.

On January 5, bitcoin is trading at $46,500. During the week, the cryptocurrency fell in price by 2%, and its capitalization dropped to $881 billion, according to CoinGecko. Open / Comment

2022-01-05 18:07:01 Tether blacklisted a $1 million USDT wallet

Last week, stabelcoin issuer Tether froze over $1 million worth of USDT, this large amount was stored at the same address. On December 0, Tether used the "AddedBlacklist" feature to block this address for this transaction.

Now this wallet will not be able to transfer frozen funds. When Tether blacklists an address, at the same time it freezes the balance in USDT.

It is unclear who owns the funds, which stored a lot of other tokens with low five-digit numbers. Tether representative refused to provide details, referring to the confidentiality of the information. At the same time, it is stressed that Tether is constantly cooperating with the regulatory authorities and law enforcement agencies around the world on any cases related to the hacking and fraud to block the funds.

Tether has helped recover funds stolen by hackers by freezing balance sheets," the company said. Open / Comment

2022-01-05 16:46:00 Airbnb co-founder hints at support for cryptocurrency payments

American web-based real estate rental service Airbnb may be working on support for cryptocurrency payments. The service's co-founder Brian Chesky hinted at this on Twitter.

He said the company has received 4,000 ideas for 2022. The top six included cryptocurrency payments, improved customer support and the introduction of a guest loyalty program. At the same time, Chesky said that Airbnb is already working on most of the proposed ideas. Whether cryptopayments are among them, the head of the service did not specify. However, he noted that cryptocurrency payments refer to both tokens and cryptocurrencies.

Earlier it became known that the scandalous commercial real estate startup WeWork added support for bitcoin payments as part of its cooperation with the Coinbase cryptocurrency exchange. Open / Comment

2022-01-05 14:23:00 Bitcoin (BTC) has held above support and is consolidating above $46,000

Since the beginning of December, Bitcoin (BTC) has been trading in the range of $46,300 - $51,750. At the same time, since December 30, trading has been at the bottom of this range.

The price has slightly sagged under the support of the range, but has not absorbed the lows of December 17 (red line). As long as BTC trades above this line, a bullish rebound remains likely.

Analysis of shorter timeframes demonstrates that bitcoin has been trading inside a downward wedge since December 28. The wedge is a bullish pattern, so a bullish price breakout from this pattern seems the most likely scenario.

In addition, the MACD and RSI indicators are showing bullish divergence signals. This means that the decline in price does not receive support in the form of a similar decline in Momentum in the pair.

The nearest resistance is located in the area of $48,000. It is represented by the Fibo level of 0.382 correction. Open / Comment

2022-01-03 21:16:00 Square Enix will develop decentralized games

Square Enix president Yosuke Matsuda published a letter with New Year greetings and company development plans. A large part of the letter was devoted to "decentralized games" - projects with blockchain and NFT support. Matsuda expressed the hope that such games would be the new trend in the development of computer games.

"If you call one-way relationships, where developers just give a finished product, centralized games, then starting in 2022, the inclusion of decentralized games in the portfolio will be our main strategy. The underlying technologies to support NFT and blockchain in games already exist, and we've seen significant growth in the adoption of crypto-assets in recent years. We may release our own tokens in the future," the Square Enix president wrote.

Matsuda said that the company is closely watching the cryptocurrency industry and is looking for new opportunities to use blockchain and collectible tokens in its projects. Open / Comment

2022-01-03 20:34:00 A collector lost $2.2 million worth of NFTs to a phishing scam

An art curator at the Ross+Kramer Gallery in New York City who collects NFTs tweeted that he was the victim of a phishing scam. Hackers stole from him 16 NFTs from three different collections: eight NFTs from Bored Ape Yacht Club, seven NFTs from Mutant Ape Yacht Club, and one NFT CloneX. The value of the stolen crypto-assets is estimated at about $2.2 million.

A user clicked on a link leading to a "phishing contract" disguised as a genuine NFT app, thereby allowing that contract to spend tokens on his behalf. The attacker has already managed to sell several of the embezzled tokens on the OpenSea platform. For example, NFT CloneX was sold for 17 ETH. The rest of the tokens were frozen by the platform at Cramer's request.

Last week, NFT Monkey Kingdom buyers suffered a phishing attack, losing 7,000 SOLs worth $1.3 million. The total volume of phishing attacks across all industries increased by 22%. Open / Comment

2022-01-03 19:22:01 One of the biggest crypto-fraudsters was detained in Spain

Spanish authorities have detained one of the largest cryptocurrency fraudsters in Europe. This was reported by El Pais, citing law enforcement authorities. The detainee was a 45-year-old Portuguese citizen. His name was not disclosed.

According to media reports, the arrested man is suspected of seven crimes related to fraud and money-laundering. For example, it is alleged that the Portuguese created a website for an investment platform using cryptocurrencies.

The platform was promoted through forums, radio shows, sporting events and even charities. This large-scale marketing campaign resulted in a number of large investments from several people from both Spain and Portugal. The investigation against the detainee was initiated in August 2021, when the police learned about the scale of fraud through a private security firm. Open / Comment