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Britain to curb marketing of crypto investments

by AIP Online Bureau | Jan 20, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

“We are concerned that too many consumers are just ‘clicking through’ and accessing high-risk investments without understanding the risks involved,” the FCA said. The planned rules cover high-risk investments such as cryptoassets, including cryptocurrencies such as...

Cryptocurrency crime hit record $14 Billion in 2021: Research

by AIP Online Bureau | Jan 6, 2022 | International News, Technology, Wealth Management/ Philanthropy

Overall cryptocurrency theft grew over five-fold from 2020, with around $3.2 billion worth of coins stolen last year. Around $2.2 billion of those funds, some 72% of the total, were stolen from DeFi sites Crime involving cryptocurrencies hit an all-time high of $14...

Billionaires are embracing crypto in case money ‘goes to hell’

by AIP Online Bureau | Jan 3, 2022 | Eco/Invest/Demography, Facts, Risk Management, Wealth Management/ Philanthropy

These days, the Hungarian-born billionaire is well versed in cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth in cryptocurrencies, just in case fiat currency goes to “hell.” Even as prices swung...

Crypto attracts more money in 2021 than all previous years combined, scammers netted $7.7 billion from victims

by AIP Online Bureau | Dec 20, 2021 | Eco/Invest/Demography, International News, Technology

“As the largest form of cryptocurrency-based crime and one uniquely targeted toward new users, scamming poses one of the biggest threats to cryptocurrency’s continued adoption,” Chainalysis said. Venture capital funds have poured about $30 billion...

Ransomware top threat for Indians in 2021, crypto scams surge

by AIP Online Bureau | Dec 2, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

“Attackers’ methods are becoming more sophisticated. Cybercriminals are using techniques that make them harder to spot and carrying out more personalised cyber attacks. They are also adding new spins on tried and tested techniques, especially in social...
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