Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Lyfcoin
British Investors Lose $3.2M To “Lyfcoin” Crypto Pyramid Scheme
British investors are left scratching their heads and counting losses after investing thousands of pounds in an alleged cryptocurrency pyramid scheme called Lyfcoin, local media reported Tuesday. Lyfcoin described itself as a brand new cryptocurrency staking platform for ERC-20 tokens with 100% transparency. The platform claims to support other crypto activities such as trading, shopping, information sharing, and much more. While Lyfcoin is reportedly based in Europe, it claims to operate globally and is "fully compliant with stringent regulations." A…
5 years ago