Victims in Singapore have lost more money to bogus investment schemes than any other ruse in the last three years, especially falling prey to Chinese-origin “pig-butchering” cryptocurrency scam, losing SGD190.9 million last year, over five times the SGD36.9 million in 2019. Fraudsters spend months cultivating a relationship with the victims before urging them to invest…
Tesla CEO Elon Musk has announced that the company’s supercharging station will accept cryptocurrency Dogecoin as payment. Santa Monica Supercharger will officially accept Dogecoin as payment, making it the first Supercharger in Tesla’s network to accept the crypto as a payment method. “Of course, you can pay in Doge (sic),” said Musk in response to…
In a landmark decision that can have its ramifications in several countries battling the rise of cryptocurrencies including India, a court ruling in the US has made it clear that influencers and promoters could be held liable for “peddling shady crypto investments”. The ruling by the 11th Circuit Court of Appeals in the US has…
The bankruptcy means test uses gross income. Gross income is before taxes are removed. Filing for bankruptcy can be an intimidating thing. Many think that filing for bankruptcy is the worst thing you could ever do financially. However, bankruptcy was designed as a system that could help take individuals from drowning in debt to a…
As per Variety, Witherspoon’s Hello Sunshine has partnered with World of Women (WoW), the NFT collective, for the adaptations of non-fungible tokens. Talking about the same, Witherspoon said, “While the crypto and NFT space is largely dominated by men, there are inspiring leaders like World of Women creating incredible communities for women during this massive…
The New York Stock Exchange has filed an application to register the term ‘NYSE’ for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an online trading place for cryptocurrencies and NFTs. The hype around cryptocurrencies last year spilled over to NFTs, a form of speculative investment that has attracted fans…
Elon Musk has revealed that billionaire investor and Vice President of Berkshire Hathaway Charlie Munger once told him that Tesla would fail. On Wednesday, the 98-year-old investor said cryptocurrencies should have been banned and likened it to “venereal disease”. Responding to his comments, Musk, a crypto supporter, recalled the time when Munger said Tesla could…
President Nayib Bukele on Wednesday asked U.S. senators to stay out of El Salvador’s “internal affairs” after they called for an investigation into the economic risks the United States faces due to the Central American country’s adoption of bitcoin as legal tender. Senators Jim Risch, Bill Cassidy and Bob Mendez asked the State Department to…
While there is likely an endless list of money mistakes you should avoid, some bad money moves can really wreak havoc on your finances. For example, spending more money than you make or buying a home you can’t really afford can put you on the fast track to personal bankruptcy. Car financing company Carvine shared…
Bitcoin rose to more than $44,000 for the first time since the end of last week as optimism over an easing of tensions around Ukraine renewed investors’ appetite for riskier assets. The largest cryptocurrency by market value strengthened as much as 5.2% to $44,449. Other digital tokens also increased, with Ether jumping 7%, Solana up…
