One of the Big Four banks in the United Kingdom, Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022. According to a press release This Lloyds Bank report corresponds with findings from a Coinbase report on the cryptocurrency landscape, indicating that younger Americans are more receptive to unconventional avenues for financial independence, including crypto, than older generations. This susceptibility makes them vulnerable to
A recent development that has caught the attention of the crypto community is the transfer of 4.4 trillion Shiba Inu (SHIB), valued at about $35 million. This transfer was probably a sale, and it might be the start of a larger selling spree. As a result, investors and traders are bearish and have been positioning themselves accordingly. Meanwhile, InQubeta (QUBE), a new project on the initial coin offering list, is dominating the ICO space following unprecedented demand. In this article, we
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The Federal Government of Nigeria, through the Ministry of Communications, Innovation and Digital Economy, has entered into a partnership with a UK-based computing education charity, Raspberry Pi Foundation, to launch Code Clubs across Nigeria. The initiative is crafted for students aged 7 to 17, and the Code Clubs represent a series of extracurricular artificial intelligence (AI) programming clubs aimed at fostering digitally literate and innovative young minds in Nigeria. Announcing the program in a statement issued on Wednesday, Nov. 8,
“We are currently investigating the Poloniex hack incident,” Sun tweeted. “Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.”
JPMorgan introduces programmable payments for JPM Coin users. Clients can now automate payments based on preset conditions. The move aims to enhance flexibility and responsiveness in transactions. In a strategic move to adapt to the evolving landscape of 24×7 crypto payments infrastructure, JPMorgan has introduced a new feature for users of its blockchain-based settlement token, JPM Coin. Clients can now leverage programmable payments, allowing them to automate transactions based on preset conditions rather than relying on standing orders for payments
The financial giant is allowing clients to plug in conditions for funds to be moved to cover overdue payments or margin calls, according to an email on Friday. Previously, they had to set standing orders for payments to take place at a particular time, whereas now they can program them to kick in when the relevant criteria are met.