These are tough days for cryptocurrency investors. Values are cratering. Prominent crypto firms are faltering. And it’s coming after a massive surge of criminal fraud that has been pummeling crypto users with unknown billions of dollars in losses with little relief in sight.
Take the actor Seth Green, of “Austin Powers” and “The Italian Job” fame, who got hit unusually hard last month. Green, like other celebrities who joined the crypto craze, had bought several pieces of digital art using the blockchain technology that underpins cryptocurrency. When digital art gets minted as non-fungible tokens, or NFTs, they can be tracked, sold and even stolen, which has now happened to so many NFT owners that Green sounded almost resigned when he announced that he’d gotten ripped off too.
“Well frens it happened to me,” Green tweeted, writing that he’d gotten duped by a fake website that hijacked the items. He called for cryptocurrency exchanges not to allow further sales of his stolen art as...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...