New Report Calculates Money Lost to Crypto Scams in Australia Last Year

Australian consumers lost approximately $2.1 mln to cryptocurrency scams last year, according to the Australian Competition and Consumer Commission’s (ACCC) annual scams report published May 21. The ACCC’s analysis reveals that the use of digital currencies as a payment method in scams peaked in the last quarter of 2017. Almost $100,000 was reported lost per month to cryptocurrency-based scams from January to September, while in December, reported losses exceeded $700,000. The average reported loss in December had soared to $13,205 from $1,885 in January. Among major means of deceiving users,…

‘Big Short’ Investor Steve Eisman On Bitcoin And Crypto | CNBC

Steve Eisman, Neuberger Berman portfolio manager, speaks with CNBC’s “Squawk Box” about bitcoin and blockchain, and whether he’d short digital currencies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…

‘Bitcoin Jesus’ Roger Ver Talks Bitcoin Cash Hard Fork | CNBC

Brian Kelly reports from Consensus on three things to watch. And Roger Ver (Bitcoin Jesus) on the bitcoin civil war. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on…

Crypto Company Circle Raising $110 Million In Latest Funding Round | CNBC

Jeremy Allaire, Circle CEO, talks with CNBC’s “Squawk Box” about the company’s latest funding round. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Crypto Company Circle…

Crypto Exchange Coinbase Goes After Institutional Investors | CNBC

Coinbase announced the launch on Tuesday of four new products aimed at that investor class: Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group and Coinbase Prime. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News…

Bitcoin To Hit $50,000 By Year-End: BitMEX CEO Arthur Hayes | CNBC

CNBC’s Seema Mody reports on the world’s largest bitcoin conference and Arthur Hayes, BitMEX CEO, discusses his outlook for the cryptocurrency. Included are CNBC’s Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC…

Blockchain Company BitPesa Wants To Transform Payments In Africa | CNBC

Elizabeth Rossiello, BitPesa CEO and founder, discusses how her company allows customers to send and collect business payments between Africa and the rest of the world. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on…

St. Louis Fed’s James Bullard Talks Bitcoin And The Economy | CNBC

St. Louis Fed President James Bullard speaks with CNBC’s Seema Mody about the state of cryptocurrencies and blockchain in the U.S. economy, as well as the Federal Reserve’s views on interest rates, inflation and oil prices. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC…

This Is How Blockchain Can Give ‘Invisible’ People An ID | CNBC

Over one billion people worldwide don’t have any form of identification, making it difficult to access many of the social institutions the developed world takes for granted. A UN organization, the World Food Program (WFP), is testing whether blockchain, the technology that powers bitcoin and ethereum, could solve this ID problem. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect…