Bitcoin News and Finance: What You Need to Know

Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used it to promote a cryptocurrency giveaway scam. Imran Khan’s Instagram Account Hacked, Used to Promote Crypto Scam Imran Khan, a former Pakistani prime minister and current chairman of the Pakistan Tehreek-e-Insaf (PTI), one of the largest political parties in the country, reportedly confirmed that his Instagram account was hacked Monday. He told Dawn publication that his account was soon recovered with the help of Meta, owner of Facebook and Instagram. He explained that he himself monitors the account, which has 7.4 million followers, noting that the hackers posted a cryptocurrency link and a screenshot of a tweet from Tesla CEO Elon Musk to the account. The cryptocurrency link posted on the politician’s account leads to a crypto giveaway site featuring Musk and his company Spacex. Scam...

Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First Bitcoin City in Honduras Bitcoin Valley, the first bitcoin city in Honduras, has launched in the small Honduran tourist town of Santa Lucia, located 20 minutes from the capital city of Tegucigalpa. The initiative was jointly developed by Blockchain Honduras, Guatemalan cryptocurrency exchange Coincaex, the Technological University of Honduras, Decentral Academy, and Santa Lucia’s municipality. Blockchain Honduras announced the launch of Bitcoin Valley Thursday. Cesar Andino, owner of Los Robles shopping square in Santa Lucia where several commercial establishments operate, will accept bitcoin in addition to U.S. dollars and Honduran lempiras. He told La Pre...

The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S. SEC Takes Action Against Forsage Crypto Scheme The U.S. Securities and Exchange Commission (SEC) announced Monday that it has “charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme.” The securities regulator explained that the Forsage scheme raised more than $300 million from millions of retail investors worldwide, including in the U.S. The 11 defendants are four Forsage founders, three U.S.-based promoters of the scheme, and “several members of the so-called Crypto Crusaders — the largest promotional group for the scheme that operated in the United States,” the SEC described. The founders were last known to be living in Russi...

The cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s services via a deep link or QR code. Crypto Payroll Company Bitwage Partners With Casa and Edge Wallet Since John Lindsay and Jonathan Chester launched Bitwage in 2014, the company has offered bitcoin ( BTC ) and cryptocurrency wage payment services to people in countries all around the world. Following the company’s announcement that the Ultimate Fighting Championship (UFC) Strawweight Luana Pinheiro would get paid in BTC via Bitwage’s payroll services, Bitwage announced that it has partnered with the wallet companies Edge Wallet and Casa . Before partnering with Casa and Edge, Bitwage users needed to provide a wallet address in order to leverage the company’s payroll services. However, Casa and Edge Wal...

PRESS RELEASE. After being in stealth mode since 2020 and undergoing drastic improvements and gameplay enhancements, the ALL-NEW YOLOREKT is now LIVE. People can bid and win in USDC on various assets during 3-minute games. The ALL-NEW YOLOREKT The new YOLOREKT means lots of fun and lots of winning potential. Based on 3-minute rounds, users have an infinite number of chances to bid on whether the Strike price will be above — or below — the actual price of assets like Ethereum, Bitcoin, MATIC, Doge, Tesla, Gamestop — with many more in the pipeline. Users will be able to bid as many times as they want to within any of the 3-minute games — even bid on games 10 rounds in the future. OPPORTUNITY OF $1+ QUADRILLION MARKET VALUE – Yogesh Srihari, Co-founder at YOLOREKT says “Volumes in the traditional derivatives market are anywhere above $1+ Quadrillion as compared to the crypto derivatives volume which stands at merely $32+ Trillion in 2021 ” “We will be a catalyst to usher user’s d...

On Saturday, the co-founder of Ethereum, Vitalik Buterin, took to Twitter and gave his perspective on the “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesnt believe the current corporate metaverse attempts are going anywhere. Ethereum’s Vitalik Buterin Shares His Thoughts on Existing Corporate Metaverse Attempts This weekend Vitalik Buterin discussed the metaverse after sharing a tweet from the co-founder of Dialectic and blockchain auditor, Dean Eigenmann, who said he doesnt believe the metaverse “will happen in the ways VCs are currently funding.” Buterin shared Eigenmann’s tweet on Saturday and agreed with the assessment. “The ‘metaverse’ is going to happen, but I don’t think any of the existing corporate attempts to intentionally create the metaverse are going anywhere,” Buterin said . 24 hours later, Buterin’s tweet about the metaverse is closing in on 10,000 likes and close to 1,500 retweets. Buterin’s metavers...