Tag: scams

7 Ways Crypto Scams Stifle Southeast Asia's Emerging Artists

7 Ways Crypto Scams Stifle Southeast Asia's Emerging Artists

• Commentary

The U.S. Attorney’s Office is using that authority to combat crypto “confidence scams” exceeding $225 million. That's great. Let's zoom in. Let's talk about the real victims – not just faceless investors, but the vibrant, struggling artists of Southeast Asia whose dreams are being crushed before they even get off...

Crypto Confidence Scams: $225M Seized! Are You at Risk?

Crypto Confidence Scams: $225M Seized! Are You at Risk?

• Facts

The crypto space is teeming with both innovation and opportunity. It obscures terrible risks, chief among them being confidence scams. Just last week, the U.S. government seized another $225 million in cryptocurrency. This is the largest-ever seizure of funds stolen through so-called “pig butchering” scams. In this article, we’ll look...

U.S. Attorney Aims to Recover Millions Lost in Crypto ‘Confidence Scams’

U.S. Attorney Aims to Recover Millions Lost in Crypto ‘Confidence Scams’

• Regulation

The U.S. Attorney’s Office recently filed a civil action targeting cryptocurrency investment fraud, seeking to recover funds lost by dozens of victims across the country. U.S. Attorney Jeanine Ferris Pirro joined other officials in announcing the dramatic action. This action comes in response to more than $225.3 million connected to...

Vietnam's New Digital Law Recognizes Crypto Assets Amidst Rising Scams

Vietnam's New Digital Law Recognizes Crypto Assets Amidst Rising Scams

• Regulation

Vietnam’s legislative landscape is experiencing a remarkable shift with approval of the Law on Digital Technology Industry. This law is scheduled to go into effect on January 1, 2026. It embraces new and emerging crypto assets. It creates promising new incentives for industries of the future, including AI, semiconductors, and...

PGI Global Founder Charged: 5 Red Flags of Crypto Fraud to Spot

PGI Global Founder Charged: 5 Red Flags of Crypto Fraud to Spot

• Facts

The world of cryptocurrency investments is an attractive one, riddled with opportunities for lucrative profits and boo-coo bucks. It brings with it enormous danger—including the specter of fraudulent scams. One recent case illustrates the dangers investors need to watch out for. It centers on PGI Global and its founder, Palafox,...

Pig Butchering Shows Web3 Needs Guardrails, Not Abandonment

Pig Butchering Shows Web3 Needs Guardrails, Not Abandonment

• Commentary

In fact, just this week NFT-UNI.com, yet another domain used in a “pig butchering” scam was seized by the U.S. Secret Service. Another one. This isn’t an esoteric issue for tech bros to argue about over lattes. We’re not just talking about bankers’ greed—we’re talking about real people losing their...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...