Safe Financial News

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The Office of the Inspector General (OIG) for the United States Department of Justice conducted an extensive audit of the cryptocurrencies seized by the U.S. Marshals Service (USMS) — revealing the dire need for the federal agency to revamp its existing crypto management and policy systems.

Russian President Vladimir Putin said Friday he is ready to support the smooth export of Ukrainian grain via the country's Black Sea ports.

WAVES has been trading within a tight range for almost two weeks now, with barely any upward or downward action. However, that might be about to change, especially due to the price action’s recently formed death cross.

Investors need to be vary of losing their crypto holdings in case their exchange goes bankrupt

Following the Coinbase report where the company declared its losses, a disclosure that suggests that users are not protected in the case of bankruptcy has been gaining traction on social media. However, Coinbase CEO Brian Armstrong explained that funds are safe “as they’ve always been.” 

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actually store crypto? (It’s, true, they don’t) Investors should also take time to compare different types of crypto wallets available in the market. Crypto platforms like CoinSwitch allow users to store their funds within their app—a feature similar to an online crypto wallet. But what makes them different, and when should you use them?Fact Check: What is a crypto wallet?

The Golden City is losing its shine as one of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters. 

On Friday, a hacker targetting crypto customers’ data discovered a vulnerability in the client relationship management (CRM) platform Hubspot, making off with customer data from firms such as BlockFi, Swan Bitcoin, and Pantera Capital - and all three companies have shared steps customers can take to help ensure the safety of their data and funds.

Russians are seeking a safe haven for their crypto fortunes in the UAE

Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.

Mumbai: Days after the Advertising Standards Council of India (ASCI) rolled out guidelines for the advertising of virtual digital assets, celebrities have started inserting indemnity clauses in their contracts with crypto exchanges. These celebrities have hired lawyers who are drawing out these indemnity contracts where any future liability or other penalty would be taken care of by the exchange. The indemnity clauses seek to insulate the celebrities from any future or even reputational risks, legal experts said.

Trading in non-fungible tokens (NFTs) plummeted in recent days as geopolitical tensions and rising uncertainty pushed investors toward safe-haven assets.

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Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country's financial institutions. After initially falling to around $34,000 following Russia's advance into Ukraine last week, bitcoin pushed about 10% higher on Monday and is now up more than 25% in the past week, to $43,900 Wednesday afternoon. Other cryptocurrencies have also soared. Russians are exchanging their rapidly devalued rubles for bitcoin to try and mitigate the impact of the economic sanctions imposed by the international communities for their country's attack on Ukraine. The Ukrainian government has limited its citizens' ability to conduct electronic fund transactions, so Ukrainians are also turning to bitcoin and other cryptocurrencies. They're also buying stablecoins whose values are pegged to the U.S. dollar.

According to the Federal Trade Commission, about $82 million was lost in cryptocurrency fraud in the fourth quarter of 2020 and the first quarter of 2021. This is more than ten times the value stolen in the same period of 2020.   2021 was certainly the year of crypto.

Crypto is going mainstream, and the world’s younger generation, in particular, is taking note. Cryptocurrency exchange Crypto.com recently predicted that crypto users worldwide could reach 1 billion by the end of 2022. Further findings show that Millennials — those between the ages of 26 and 41 — are turning to digital asset investment to build wealth. For example, a study conducted in 2021 by personal loan company Stilt found that, according to its user data, more than 94% of people who own crypto were between 18 and 40.

Bitcoin‘s mainstream acceptance over the past few years has managed to link the top cryptocurrency with traditional finance in more ways than one. While institutional interest has been a positive sign for the digital asset industry, it has also caused Bitcoin’s price to follow that of US stock markets.

Investors rushed for safety, pushing down stocks and lifting the prices of oil, gold and government bonds, after Russian missiles and airstrikes hit Ukraine’s capital, Kyiv, and more than a dozen other cities across the country.

European Commission chief Ursula von der Leyen said on Wednesday that gas supplies to the bloc are on the "safe side" for the remainder of the winter even if Russia further squeezes out deliveries.