It's been a busy day in the world of crypto and decentralized finance (DeFi). The FBI has warned investors to take precautions before investing in DeFi platforms. This comes as GoTo, an Indonesian tech firm, announces the purchase of a local crypto exchange for $8.4 million. Central African Republic's top court has also blocked purchases with a new cryptocurrency. Meanwhile, crypto influencers are being criticized for peddling questionable advice and profiting off their viewers regardless of which way the market turns.
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Outline
- The FBI has warned investors to take precautions before investing in decentralized finance platforms, citing the lack of regulatory oversight as a major concern.
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- Indonesia's tech firm GoTo buys local crypto exchange for $8.4 mln: Indonesian tech firm GoTo has acquired a local cryptocurrency exchange for $8.4 million.
- Central African Republic top court blocks purchases with new cryptocurrency: The Central African Republic's Constitutional Court has blocked the purchase of a new cryptocurrency, the petro, citing concerns over its legality.
- Crypto crash: how a teacher’s dream investment turned into a nightmare loss: A teacher recounts how his dream investment in cryptocurrency turned into a nightmare loss after the market crashed.
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- Crypto influencers pedal questionable advice and profit off their viewers — no matter which way the market turns: Cryptocurrency influencers are accused of peddling questionable advice and profiting off their viewers, regardless of which way the market turns.
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- Why Ethiopia has moved from banning crypto to regulating it: Ethiopia has reversed its stance on cryptocurrency, from banning it to regulating it.
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