Tuesday, August 16, 2022

Brazil and crypto relations tenses, Extortion scams, coming in hot- Crypto In-Shorts

The Takeaway:

13th September 2019: Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

Crypto bulletin

User fell prey to a ransomware scam 

139 people were blackmailed by a scammer who alleged holding personal data of the victims. A ransom was demanded from affected users, and while most of them realized it was a hoax, one paid $1,200 in bitcoins to the swindler.

 

Brazil government wants a share of your monthly crypto earnings

Brazil’s crypto evangelists would require the filing of large monthly transactions, equal to or more than BRL 30,000, with the tax department. If they fail to fulfill this requirement, exchanges and traders will be penalized. 

 

Over 200 scam emails in 24 hours 

Bitcoinabuse reported over 200 extortion scams in the last 24 hours. Several scammers earned more than 1 BTC through their illicit crimes and have contributed to the scamming industry, which received more than 1.5 million last year.

 

Bitcoin Price

Current Bitcoin Price – $10,326.91

Yesterday, Bitcoin opened at a price of $10,176.82. The fluctuations drove it to the lowest value of $10,099.24 and the highest value of $10,442.25 in 24 hours. Bitcoin closed at $10,410.13 and saw an increase of 2.29% throughout the day.

 

Ethereum Price

Current Ethereum Price – $179.69

Yesterday, Ethereum opened at $178.80. The fluctuations drove it to the lowest value of $177.85 and the highest value of $182.00 in 24 hours. Ethereum closed at $181.02 and saw an increase of 1.24% throughout the day.

 

Cardano Price

Current Cardano Price – $0.045295

Yesterday, Cardano opened at $0.044993. The fluctuations drove it to the lowest value of $0.044423 and the highest value of $0.046414 in 24 hours. Cardano closed at $0.045452 and saw an increase of 1.02% throughout the day.

 

Bitcoin Market Cap

The day ended with $185,195,907,805 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $19,356,710,124 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,174,376,655 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $15,476,110,516    

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $5,732,445,254    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $40,043,624

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 300,000,000 USDT ($298,817,500) transferred from Tether Treasury to Binance. Transaction ID: 0xacf1b575ccecdcecd1fcda1bb0d9c3f6bc0dcf72c3a4120f71cd930046373485
  2. 378,770 ETH ($68,333,610) transferred from Huobi to an Unknown wallet. Transaction ID: 0xf73f8b9a79fbd535a59b3885cf7c4264753831a637e06e54f60c578832e46f85
  3. 65,535 ETH ($11,823,119) transferred from Huobi to an Unknown wallet. Transaction ID: 0xb161b24e0b8c868c93d35e52c4debc7233c87adb494507562c18f15ffa55793a

 

Crypto controversy

On a Reddit post of the arrest of a scammer called Cryptocurrency Wizard, someone sarcastically asks if they meant Justin Sun?

Cryptocurrency “Wizard” Arrested by Thai Police for Fraud from r/CryptoCurrency

What to expect today?

The Bitcoin charts reflect bearish trends. Will BTC retest the resistance at $10,270-$10,470 and fall to a four-digit valuation?

Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Glenn Harper
Glenn Harper
Glenn has only two interests: Bitcoin and Aviation. After completing his graduation from San Diego State University in 2006, Glenn started working in the airlines and aviation industry. Aviation was his only passion before he came to know about bitcoin in 2012 after which he decided to dedicate 8 hours of his day for aviation and 8 hours for learning and writing about bitcoin and the technology behind it. Glenn lives with his wife and a 7-year-old son who mines ethereum on his computer and is also quite passionate about cryptocurrencies.

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