‘Almost All Pyramid Schemes’ In Russia Are Crypto Related, Central Bank Says
The Central Bank of Russia counted 5,735 financial scams and 2,944 pyramid schemes in 2023, up big time from the year before.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Coinbase Premium hits 4-year low, echoes post-FTX collapse sentiment
The low Coinbase Premium signals potential market caution, reflecting broader negative sentiment that could impact cryptocurrency...
KuCoin Exits Russia and Belarus, Cutting Off Crypto Services in Major Compliance Move
Key Takeaways: KuCoin has closed down trading activity in Russia and Belarus. Affected customers are able to close post positions...
HTX Gives the High Court a Five-Year Pledge on UK Crypto Promotions as FCA Case Settles
Crypto exchange HTX, formerly Huobi, has given undertakings to the High Court that it will not knowingly promote crypto services t...
Coinbase Says Prediction Markets Are Now a $200 Million-a-Year Business Despite a Slow Crypto Quarter
Coinbase’s prediction markets business is now bringing in more than $200 million a year on an annualized basis, while the number o...
Binance Hack: Are Funds Safu? What We Know So Far About the Biggest Heist in Crypto History
Cryptocurrency giant Binance faces what could be the largest exchange hack in history after a security breach affected an estimate...
Westpac to Limit How Much Customers Can Send to Crypto Exchanges, With No Exceptions
A Westpac customer who buys crypto by sending Australian dollars from the bank to an exchange will, starting Dec. 1, have a ceilin...