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Florida CFO works to protect against cryptocurrency fraud

State leaders are calling Florida’s fraud problem an epidemic. One state leader just launched a new initiative to protect you, your identity and your money online.

Florida’s Chief Financial Officer, Jimmy Patronis, has started a website to protect consumers from cryptocurrency scams. It’s part of the state’s brand new initiative called Fraud Free Florida.

“With crypto currency, we saw many many situations where there’s a lot of fraud going on there,” said Eric Bretan, a former investment banker who now runs an Estate Jewelry business in Punta Gorda. Bretan believes this new website could be a valuable tool for anyone who’s hacked while exchanging this digital currency.

“Either the owner of the exchange steals all the cryptocurrency or someone hacks into that particular exchange and steals all the cryptocurrency and there’s really no way to get it back,” Bretan said. “They’re doing this from Russia. They’re doing this from China. And they’re doing it from North Korea and there’s absolutely no way of getting it back.”

During his time as an investment banker, Bretan steered his clients away from investing in cryptocurrencies altogether, calling them complete luck.

Reference: https://www.abc-7.com/story/40074762/florida-cfo-works-to-protect-against-cryptocurrency-fraud

XRP Price Stable Against Coinmotion Criticism

Over a few weeks, the crypto has been forming a triangle, still without testing either the resistance or the support. The MACD is however moving up, which makes the resistance breakout at 0.3047 more likely; this may then push the price to 0.3230. The overall trend is descending, though, so once the resistance at 0.3047 gets broken out, the price may also be sent to the support at 0.2899 and then break it out, heading towards the midterm support at
0.2804, and the target at $0.2470. Continue reading XRP Price Stable Against Coinmotion Criticism

Crypto Firms Speak out Against Critical McKinsey Report

Consulting giant McKinsey & Co recently published a report on the state of the blockchain industry, claiming that while crypto technology has potential, it has been unable to break away from the early “pioneer” phase with most use cases failing to take off. Continue reading Crypto Firms Speak out Against Critical McKinsey Report

South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban

A South Korean blockchain startup, Presto, will reportedly file a constitutional appeal over the county’s ban on Initial Coin Offerings (ICOs), South Korean economic media outlet Sedaily reports Dec. 6. Continue reading South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban