Defrauding millions of investors due to 350 Scam Token Created everyday

Nearly 350 tokens and 118,000 scam tokens were deployed from the start of January through the end of November.

According to Rug Pull Report 2022, there were 117,629 scam tokens from the year 2022 the data reported a 41% increase from the near 83000 in 2021. there were more than 350 tokens every day in 2022 the current number is astronomically higher than the 1548 scam tokens in 2020.

As per the report BNB Chain is home to the most fraudulent tokens. moreover, 12% of all BEP-20 tokens are fake. the Ethereum network came in second with a supposed 8% of ERC 20 crypto coins being scams.

Read full news at: https://cryptounity.news/defrauding-millions-of-investors-due-to-350-scam-token-created-everyday

Comments

Binance US launches low-barrier Ethereum staking ahead of The Merge

Binance US has launched its own Ethereum staking service with returns more attractive than those of its closest competitors. On September 7th Binance US expressed a 6% APY Ethereum Staking service offering 6% of its users' initial annual percentage yield. According to Binance US, this new feature will allow users to start ETH Staking with a minimum of 0.001 ETH an amount much more accessible than the 32 ETH required to be eligible as an Ethereum validator. Read full news at: http://cryptounity.news/binance-us-launches-low-barrier-ethereum-staking-ahead-of-the-merge

Indian IT Ministry directs crypto exchanges require to collect user private information for 5 Years

The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well the ownership patterns of customers. The Indian Computer Emergency Response Team (CERT-in) which falls under the Minister of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers, and data centers to store a wide range of user data for up to five years. Under the newly issued directive, crypto exchanges operating in India will be required to store customers’ names, ownership patterns, contact information, and different other information. Crypto exchanges and VPN services providers are also required to report any cyber incident within six hours of its occurrence and must hand over the collected data to the authorities upon order. “When required by order/direction of CERT-In, for cyber incident response, protective and preventive actions related to cyber incidents, the

USDT volume on exchanges up 20% in 3 months

USDT volume on exchange up 20% in 3 months the high percentage of Tether on exchanges is a sign of 2-year high buying power in the market. According to the Sentiment report, the ratio of Tether on exchange has gone from 19.7% on May 9th to a whopping 42.0% three months later. This can be viewed as both a signal that traders have taken profits as prices have rebounded The live Tether price today is $1.00 USD with a 24-hour trading volume of $44,616,481,998 USD. Tether is up 0.01% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $66,532,591,106 USD. It has a circulating supply of 66,517,962,690 USDT coins Read full news at : https://cryptounity.news/usdt-volume-on-exchanges-up-20-in-3-months

Cryptounity.news

Search This Blog