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BlackRock imposters target crypto ETF investors

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BlackRock has issued a cautionary statement regarding the proliferation of scams involving cryptocurrency exchange-traded funds (ETFs). The financial giant’s warning comes amid growing concerns about fraudulent schemes targeting investors in the digital asset space.

In its advisory, BlackRock highlighted the increasing number of scams where unscrupulous actors are offering fake or misleading cryptocurrency ETFs. These scams often involve deceptive marketing practices and fake investment opportunities designed to exploit unsuspecting investors. The company stressed that these fraudulent schemes can lead to significant financial losses and undermine investor confidence in legitimate financial products.

BlackRock’s warning is particularly timely as interest in cryptocurrency ETFs continues to rise. As digital assets gain mainstream acceptance, the proliferation of scams has become a notable concern for both individual and institutional investors. The company emphasized the importance of due diligence and caution when evaluating investment opportunities in the crypto sector.

The firm has urged investors to verify the legitimacy of any cryptocurrency ETF offerings by consulting with reputable financial advisors and checking regulatory approvals. BlackRock’s advisory serves as a reminder of the critical need for investor education and vigilance in the rapidly evolving world of digital finance.

As the market for cryptocurrency ETFs expands, regulatory bodies and financial institutions are working to enhance protections against fraud and ensure that investors are shielded from deceptive practices. BlackRock’s proactive stance is part of a broader effort to promote transparency and security in the financial markets.

By highlighting the risks associated with crypto ETF scams, BlackRock aims to help investors make informed decisions and avoid falling victim to fraudulent schemes. The company’s advisory underscores the ongoing need for robust regulatory frameworks and investor education to navigate the complexities of the digital asset landscape.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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