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More fraud on Zuckerberg’s Meta than robberies, burglaries, homicides and knife crimes combined

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More fraud on Zuckerberg's Meta than robberies, burglaries, homicides and knife crimes combined

Banks are only likely to reimburse victims if they can prove that the bank should have flagged the fraudulent payments.

Santander, Barclays, Lloyds, Nationwide, TSB and NatWest have criticised Mark Zuckerberg’s Meta for not doing enough to stamp out scams and protect users on its platforms. 

Rishi Sunak’s fraud tsar, Anthony Browne MP, told the Daily Mail, which first reported on the figures, the sheer volume of scams showed social media companies needed to do more to help tackle the burgeoning online fraud epidemic. 

He said: “British people are being hit with an avalanche of scams, causing untold financial misery, and the majority is online.

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“The huge tech firms – the richest, most technologically advanced companies that have ever existed – must protect their users. I am determined to make sure they put systems in place to stop scams.” 

The fraud data comes after Money Saving Expert founder Martin Lewis threatened to sue Facebook last month after a deepfake scam circulating on the platform used his likeness to promote a fake investment scheme. 

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CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

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Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 



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CryptoCurrency

Bitcoin options markets reduce risk hedges — Are new range highs in sight?

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Bitcoin options markets reduce risk hedges — Are new range highs in sight?


Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level. 



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CryptoCurrency

Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.



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CryptoCurrency

Blockdaemon mulls 2026 IPO: Report

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Blockdaemon mulls 2026 IPO: Report


Other Web3 infrastructure platforms, such as Circle, are also mulling IPOs.



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CryptoCurrency

SEC asks court for four months to produce documents for Coinbase

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SEC asks court for four months to produce documents for Coinbase


The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.



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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec


Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.



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