Nigerian cryptocurrency platform Patricia has unilaterally converted outstanding user funds into its own stablecoin, Patricia Token (PTK). The decision to convert funds was made by the platform three months after the hacker attack, during which Patricia lost $2 million worth of bitcoins and other assets. As a result of the hack, the platform blocked the withdrawal of funds. Patricia users were able to withdraw funds through the Patricia Plus product recently launched by the platform.

An anonymous crypto holder lost his savings after he went to the Celer Bridge phishing page, which ended up right in the Google search results. Analysts from Scam Sniffer write about this. Scam victim transferred $900,000 in Ether to a fake address. Immediately after, the scammers managed to launder money through the KuCoin crypto exchange using various tokens and networks. Scam Sniffer writes that this is not the first time that malicious links have popped

The Benefits and Risks of Leverage Trading Leverage is a feature that enables traders to invest less capital while still getting large exposure to the market. This means you can deposit a small amount to open a trade with much greater market exposure, usually on a ratio provided by your CFD Broker. With such reward comes risk; in this article we look at the benefits of leverage trading, as well as mitigating some of the

The Parliament of Kenya has formed a commission to study the methods of collecting and storing data practiced in the country by the international crypto project WorldCoin. The project distributes free tokens in exchange for a retinal scan. The commission included representatives of the committees for administration and internal security, communications and innovation, tourism and wildlife. Kenyan National Assembly Speaker Moses Wetangula said the commission has 42 days to collect data and report to the

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

Observers noticed the movement of a large amount of bitcoins mined in 2010, and some representatives of the crypto-currency community even believed that Satoshi Nakamoto himself moved the coins. Analyst, cryptocurrency developer and trader Kirill Kretow clarified: the bitcoins moved this time were mined just a year after the launch of the first cryptocurrency. We are talking about 1,005 BTC, which have lain without movement for almost 13 years. Now the value of the transferred

The launch of the PayPal USD stablecoin will increase the efficiency of payments and improve the customer experience, but the adoption of the asset is unlikely to be widespread, analysts at Bank of America said. “Long term, we expect PYUSD to face additional adoption challenges as competition from central bank digital currencies (CBDCs) and high-yielding stablecoins intensifies,” the analysts wrote. It doesn’t matter to investors which stablecoins to hold as long as the assets are

10 Steps to Mental Trading Success   Keeping emotions out of trading is often easier said than done, here are a few tips on how to keep a level-head while trading.   Most traders know that the key to a successful trading plan is to always have a pre-outlined strategy, but what if that strategy is not executing according to plan and you are taking losses? As Victor Sperandeo once eloquently put it, “The key

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

A popular cryptocurrency analyst shared his opinion with his 662,000 followers on Twitter about the imminent growth in the value of bitcoin. The expert tried to pick up a vivid image of the upcoming phenomenon. Michael van de Poppe said that the fall of BTC below $29,700 indicates continued accumulation and consolidation of the first cryptocurrency in the hands of investors. However, the analyst believes that after overcoming this psychologically important level, Bitcoin may well