Day: November 19, 2023

[ad_1] Senator Elizabeth Warren emphasized the growing danger of cryptocurrency scams targeting seniors. Steve Weisman, a cybersecurity expert, supported Warren’s proposed Digital Asset Anti-Money Laundering Act, aimed at curbing these scams. Warren highlighted a shocking 350% surge in crypto investment scams targeting seniors, resulting in losses over $1 billion. The FBI reported that crypto scams led investment fraud in the United States in 2022, totaling $2.5 billion in stolen funds. Weisman, Scamicide.com Editor and Bentley University Senior Lecturer, explained seniors’ susceptibility to crypto scams. He cited studies indicating a diminished…

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[ad_1] A brand-new blockchain network’s native token has skyrocketed by nearly 200% since it launched at the end of October. Celestia (TIA) bills itself as “the first modular blockchain network.” The project aims to allow developers to build blockchain-based applications for mass adoption. Celestia’s native asset, TIA, is used to secure the network and as a gas token for rollups. The 59th-ranked crypto asset by market cap is trading at $6.49 at time of writing, up from its its initial $2.18 price on October 31st, when the network was successfully…

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[ad_1] The Consumer Financial Protection Bureau (CFPB) says it’s ordering financial giant Citibank to shell out over a million dollars to potential customers who were treated like criminals. In a press release, the CFPB says Citi violated the Equal Credit Opportunity Act by denying services to people based on their heritage. The agency says Citi discriminated against Armenian Americans between 2015 and 2021 when denying their applications for retail credit cards, treating them as if they would likely commit fraud because of their roots. “Citi treated Armenian Americans as criminals…

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