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NY Attorney charges 3 tied to 'Evolved Apes' NFT scam
The nearly 10,000-strong NFT collection is still listed on OpenSea, but its floor price is a measly $7.60. 6729 Total views 5 Total shares Own this piece of crypto history Collect this article as NFT Three British nationals tied to the “Evolved Apes” nonfungible token “rug pull” scam have been charged in the United States for conspiring to commit wire fraud and money laundering. The defendants, Mohamed-Amin Atcha, Mohamed Rilaz Waleedh and Daood Hassan, allegedly drove up the prices of 10,000 NFTs on false promises that they would develop a video game before transferring the funds out and abandoning the...
South Korea to Classify Some NFTs as Cryptocurrencies
By Philip Maina 2 months agoTue Jun 11 2024 10:08:11 Reading Time: 2 minutes South Korea has released new regulations classifying some NFTs as cryptocurrencies NFTs considered as crypto include those that are used to pay for goods and services The country will determine NFTs’ classification on a case-by-case basis South Korea’s financial watchdog Financial Services Commission (FSC) has unveiled new guidelines to help determine whether NFTs are cryptocurrencies or not. NFTs that fall into the crypto category include those used to pay for goods and services and those that have extremely many collectibles in one collection. The FSC wants...
Major Cryptos Tumble as Analysts Remain Uncertain About Market Outlook
Bitcoin and major cryptocurrencies like ETH and SOL see declines amid global economic and political tensions. Swissblock notes market resilience but advises caution due to increased risk and potential for ambiguous market signals. Aussie Analyst Jason Pizzino highlights ongoing market fear as beneficial, potentially stabilising against rapid, greed-driven fluctuations. Bitcoin and several major cryptocurrencies are back in the red, with BTC falling 4.16% in the past 24 hours, ETH down 3.25% and SOL losing 7.81%. This comes after the market crash last Monday which caused hundreds of millions in liquidations. Related: Thailand SEC Launches Digital Asset Sandbox to Propel Crypto...
