Formula 1 bets on cryptocurrency sponsorship

    On Tuesday, Formula 1 has announced Crypto.com, the world’s fastest-growing crypto platform, as the inaugural global partner of the new Sprint series for 2021. The Hong Kong-based exchange with over 10 million users worldwide also sponsored Italian soccer’s Coppa Italia final in May and signed a deal with the National Hockey League team Montreal Canadiens…

    U.S. Congressman wants courts to ‘reverse’ crypto transactions over ransomware attacks
    01 Jul 2021
    483 Views

    U.S. Congressman Bill Foster has suggested that laws must allow federal courts to identify digital-asset holders and reverse blockchain transactions in Bitcoin and other digital currencies. But it’s doubtful that many crypto investors would like that policy. Speaking at a virtual event hosted by Axios on June 29, Bill Foster, U.S. congressman and Democratic Rep…

    Africrypt fraud: possibly the largest exit scam in history
    01 Jul 2021
    467 Views

    This is a story so simple that its almost frightening. Amir and Rais Kaji, two brothers from South Africa, created a large cryptocurrency exchange Africrypt in 2019. Lo and behold, they just disappear, along with 69,000 BTC of their clients – at the time it was worth over $ 4 billion (according to other estimates…