The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham.
Crypto Firm’s Founders Face up to 5 Years in Jail
The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion.
Bitqyck founders Bruce Bise and Samuel Mendez were charged with tax evasion in August. Bise pleaded guilty on Sept. 9 and Mendez pleaded guilty Tuesday morning. Citing plea papers, the DOJ detailed:
Mr. Bise and Mr. Mendez admitted that Bitqyck raised approximately $24 million from more than 13,000 investors. Instead of fulfilling their promises to these investors, the defendants used Bitqyck funds on personal expenses, including casino trips, cars, luxury home furnishings, art, and rent.
“These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” acting U.S. Attorney Chad Meacham described.
The pair promoted the company’s cryptocurrency, Bitqy, “as a way for those individuals who missed out on bitcoin to get rich,” the DOJ noted, adding that they held their initial coin offering (ICO) in 2016.
A white paper posted on the Bitqyck website promised investors that each Bitqy token came with 1/10th of a share of Bitqyck common stock. However, Bise and Mendez admitted that they never actually distributed shares to token holders nor embedded the shares within the Ethereum Smart Contract.
About nine months after launching Bitqy, Bise and Mendez began marketing another token, Bitqym. They claimed that buying the token allowed investors to join “Bitcoin mining operations.” However, in reality, the pair admitted that no such mining facility ever existed.
Furthermore, Bise and Mendez underreported their income to the IRS in 2016 and 2017. In 2018, Bitqyck failed to file any corporate tax returns at all despite netting more than $3.5 million from investors. “The total tax loss joint and severally to the United States government between Mr. Bise and Mr. Mendez is more than $1.6 million dollars,” the Department of Justice revealed.
The DOJ stated:
Both men now face up to five years in federal prison.
Bitqyck has also settled with the U.S. Securities and Exchange Commission (SEC). The company “agreed to pay an $8.3 million penalty to resolve claims that it defrauded investors and operated an unregistered digital asset exchange.” The DOJ added that as part of that settlement, Bise and Mendez “agreed to pay disgorgement and penalties of $890,254 and $850,022, respectively.”
polygon price remains within a tight range as has been the case since the beginning of October. According to CoinMarketCap, its market cap has dropped by 6.23% while it trading volume is down by 12.21% over the past 24 hours.
Polygon price prediction
MATIC has been hovering around 1.2676 for one-and-half weeks. Notably, that is the point that the 25 and 50-day exponential moving averages have converged on a daily chart. Subsequently, the altcoin’s movements have been within a tight range of between 1.4145 and 1.1977.
At the time of writing, Polygon price was down by 3.16% at 1.1994. The formation of a bullish symmetrical triangle points to a probable breakout.
The cryptocurrency’s price movement prior to commencement of the formation in mid-May is what defines it as a bullish pattern. After consolidating below the psychological level of 0.5000 for about two months, Polygon price surged to an all-time high of 3.5000 in mid-May before pulling back. For a bullish symmetrical triangle, the price movement preceding the pattern has to be bullish.
In the near term, the altcoin will likely hover around the 25-day EMA at 1.2676. by doing so, it will find resistance along the triangle’s upper line at 1.4145. If the bulls manage to push the price beyond the symmetrical triangle, past the psychological level of 1.5000, a breakout will have commenced. On the flip side, a move below its current support level of 1.1977 will place it at 1.1044.
The Binance Coin price is hovering near its highest level since September as investors react to the large fund announced by Binance on Tuesday. The BNB coin is trading at $440, which is a few points below this week’s high of $467. This brings its total market capitalisation to more than $72 billion, making it the third biggest cryptocurrency in the world after Bitcoin and Ethereum.
BNB coin rebounds
BNB is the native currency for the Binance Smart Chain (BSc) ecosystem. This is a network that is relatively similar to Ethereum and Solana in that it allows developers to build decentralized applications including other cryptocurrencies.
Data compiled by DeFi Llama shows that there are about 123 decentralized finance (DeFi) applications built using the network.
These apps have a total value locked (TVL) of more than $18 billion. In contrast, there are about 258 DeFi apps built on Ethereum that have a TVL of more than $140 billion.
In a statement on Thursday, Binance announced that it will spend about $1 billion to support the BSc ecosystem. This is the biggest such fund that has been announced ever. About $300 million of these funds will go towards a builder program. Another $100 million will go towards boosting liquidity in the DeFi platforms.
The funding will also help other subsectors like gaming, virtual reality, and NFTs. In a statement, the executive director of the fund said:
Binance Coin price prediction
The four-hour chart shows that the Binance Coin price moved above the key resistance level at $450 in the overnight session. This was an important resistance since it was the neckline of the inverted head and shoulders pattern. In price action analysis, an inverted H&S pattern is usually a bullish signal. The coin has also moved above the 25 – day and 50-day moving averages, which is a bullish signal.
Therefore, the path of the least resistance for the BNB price is to the upside with the next key resistance level to watch being at $500. This view will be invalidated if the price moves below the key support at $415.
Over the past 24 hours, Litecoin’spricehas fallen 5.77% to $172.37. This continues its negative trend over the past week where it has experienced a 2.0% loss, moving from $172.15 to its current price.
The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
Litecoin’s trading volume has climbed 7.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.66%. This brings the circulating supply to 68.73 million, which makes up an estimated 81.83% of its max supply of 84.00 million. According to our data, the current market cap ranking for LTC is #17 at 11.89 billion.
The billion-dollar TVL has been driven by massive yields on the DeFi aggregation platform in just two weeks.
The total value locked on the decentralized finance protocol Rari Capital has surged past $1 billion.
The DeFi lending, borrowing, and yield generating protocol has surpassed the key milestone in TVL according to the app dashboard, and DeFiPulse confirms the all-time high TVL figure, reporting it at $1.09 billion.
On Sept. 30, Cointelegraph reported that Rari’s TVL had topped $500,000 so the doubling of collateral has taken around a fortnight. (DeFi Llama meanwhile, estimates TVL at $889M but going up fast.)
Rari launched in July 2020 to automate DeFi by optimizing and moving users’ funds to the highest yielding incentives at the time. It gained a certain amount of attention at the time as it was launched and run by teenagers and those just out of their teens.
Recent momentum has been driven by a number of liquidity pools offering higher than industry typical returns. It is currently offering a 21.67% annual percentage yield on USDC deposits and 26.43% APY in the DAI pool.
Its Fuse protocol has been extremely popular as it allows users to create custom lending and borrowing money markets with any assets and unlimited parameters.
The top pool called “Tetranode’s Locker” has $655 million supplied, or 62% of the total, across 18 crypto assets earning various yields. Within that pool, the OlympusDAO sOHM token is currently yielding a whopping 7,594% APY.
OlympusDAO is an algorithmic currency protocol that allows users to supply crypto assets such as ETH or DAI to create bonds that back its native currency OHM. The complex bonding process acts as a hybrid fixed income product and a derivatives contract with quotes provided in OHM for trades at a future date.
Rari Capital thanked the “Ohmies” for helping propel its TVL to record levels.https://platform.twitter.com/embed/Tweet.html?creatorScreenName=cointelegraph&dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1448009293509406727&lang=en&origin=https%3A%2F%2Fcointelegraph.com%2Fnews%2Frari-capital-doubles-tvl-to-1b-in-just-two-weeks-thanks-to-high-yields&sessionId=988b768c6e47fd350a60261c1aec3e610354c8b5&siteScreenName=cointelegraph&theme=light&widgetsVersion=fcb1942%3A1632982954711&width=550px
Rari also offers permissionless pools which allow any user to create any pool of assets including NFTs offering any interest rates.
Venture Partner at 3SE Crypto, David Silverman, congratulated the young team on the achievement:
“Huge congrats to @JackLipstone @jai_bhavnani @davidslucid and the whole @RariCapital team!”
The Rari protocol, like most in the DeFi sector, has its own governance token called RGT which has also been performing well recently.
RGT hit an all-time high on Monday, Oct. 11 when it surged to $34 according to CoinGecko. It has gained 50% over the past fortnight and is up 93% over the past 30 days. At the time of writing, RGT was changing hands for $29.77.
Rari Capital was exploited for $11 million in May which caused token prices to crash to $4.80 following the hack.
After the bluster, the real Chinese crypto crackdown is set to begin – with regulators, courts and law enforcement agencies now looking at how to implement the terms of last month’s tumultuous joint declaration on cryptoasset-related activities.
The watershed declaration was authored by the central People’s Bank of China (PBoC) and called on companies in the country to take punitive measures against crypto-trading customers. It also warned overseas platforms targeting Chinese customers that they could face penalties.
Similar statements have been made in the past, but the crypto mining, hardware and exchanges industries appear to have been genuinely spooked by the joint declaration – to the point whereby a number of prominent crypto players promptly closed down their businesses. The exchange giant Huobi, reports claimed, evacuated its staff overseas a week before the statement was issued, apparently aware that the PBoC had something major in the pipelines.
However, the firms appear to have made their decisions due to the fact that the PBoC’s co-signatories were heavy-hitting enforcers with real power to dish out punishment: namely, the likes of the Supreme People’s Court, the Supreme People’s Procuratorate, and the Ministry of Public Security.
Per the media outlet Jiwei, these authorities and others are now reviewing the punishment system for illegal crypto mining and undeclared crypto activity.
The declaration’s Chinese title can be roughly translated as “Further Preventing and Doing Away with of Risks Associated with Cryptocurrency Trading Hype.” And “doing away” with crypto activity could well become a major priority for the bodies, which have begun to “deliberate” on “how to implement the regulatory requirements.”
The procuratorate and legal agencies are, the media outlet noted, “conducting research on crypto exchanges and mining and other related activities,” and “exploring” their options for “conviction and sentencing.”
“Judicial interpretations” of the statement are set to be unveiled “in due course,” the outlet added.
A PBoC spokesperson briefed the media on October 11 with similar sentiments to those expressed in the joint statement, adding that the government will “maintain a high-pressure crackdown on crypto trading activities.”
The spokesperson mentioned three tokens by name again: bitcoin (BTC), ethereum (ETH), and the stablecoin tether (USDT). The latter is a major gateway for bitcoin traders in China, and has previously allowed many Mainland Chinese access to BTC on overseas-based platforms.
The spokesperson added that Beijing’s policy “on cryptocurrencies are clear and consistent,” adding that enforcement agencies would “coordinate” their efforts and that further crackdown measures would marry central and provincial efforts.
The PBoC concluded by stating that the crackdown would “maintain” China’s “economic and financial order,” as well as its “social stability.”
Bitcoin’s (BTC) price went up 0.74% and trading at $56,858 at the time of writing. Bitcoin’s dominance is currently 46.57%, an increase of 0.80% over the day.
The worldwide crypto market capitalization is currently $2.30 trillion, decreasing 1.07% over the last day. Whereas the total crypto market volume over the last 24 hours is $103.84 billion, which makes an 3.57% increase.
As of Tuesday 9 AM (GMT+3) October 12th, here are the prices of the top 10 cryptocurrencies:
BITCOIN has fended off challenges from some unusual coins in 2021, as it rode out ripples from numerous altcoins, but has come out the tail end of the year in range of a landmark value. Could Bitcoin reach $60,000?
Bitcoin (BTC) has weathered attacks on established cryptocurrencies this year, with several altcoins on the prowl. As they grew exponentially in a matter of months, BTC suffered some significant value troughs. But now it appears ready to rally once again, now destined to meet a landmark target; $60,000 (£43,976.70).
Could BTC reach $60,000?
Bitcoin fell victim to the rampant market instability in 2021, most recently in July, when it fell to $29,837.35 (£21,869.14).
The value – its lowest since December 2020 – came as China and some western nations called for tighter regulation.
Since then, it has gradually rallied to nearly double that at $56,555.08 (£41,451.76).
Investors hope the new positive attention directed towards the coin and favourable market conditions will pave the way to $60,000.
Writing for FXStreet, former Forex trader Filip L suggested BTC is gaining momentum.
He correctly predicted the coin would continue to add buyers this week and add to its bull run.
As the volume increases, he added the repeating pattern would eventually see BTC hit the $60,000 this week.
Bitcoin price: BTC was dominated by crests and troughs this year (Image: COINMARKETCAP)
At this level, he said, the coin would see “quite some profit-taking”.
BTC has crossed the $60,000 mark before, its highest ever when it hit that range on the low end in April.
The 2021 high was $63,503.46 (£46,544.54), but it only held the value for around a week.
But rather than wait for the value to crest and trough, some investors are setting new targets for BTC.
They hope the coin can break records and eventually settle at $100,000 (£73,294.50).
And the stage is setting itself for BTC to make this long-awaited jump.
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, said the US Securities and Exchange Commission (SEC) could soon greenlight a Bitcoin exchange-traded fund (ETF).
ETFs are securities that track coin values but can be bought and sold on an exchange similar to stocks.
Should the SEC bring one of these in, it would drum up attention behind BTC.
Mr McGlone told Stansberry Research there is a “high probability” it would create an ETF.
He said they could follow Canada with a “futures-based bitcoin ETF”, and capitalise on money flowing over the northern border.
He added the pressure is “quite strong and high” for regulators to stop “missing out”.
Analysts say Bitcoin has started its journey toward a new all-time high and the sideways action from altcoins suggests traders are shifting funds into BTC.
Bitcoin (BTC) resumed its rally on Oct. 11 and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is having only a temporary effect.
The strong rally in Bitcoin in the past few days has boosted sentiment and analysts are back with their six-figure projections. Geoffrey Kendrick, head of emerging market currency research at Standard Chartered, anticipates Bitcoin to rally to $100,000 by early next year.
David Gokhshtein, the founder of Gokhshtein Media and PAC Global, was even more bullish as he expects Bitcoin to reach $100,000 before the end of the year. Analyst and trader Rekt Capital believes that Bitcoin will rise much higher than $100,000 in the current cycle.
Could Bitcoin break above the stiff overhead resistance and challenge the all-time high and will altcoins play catch up? Let’s study the charts of the top 10 cryptocurrencies to find out.
BTC/USDT
Bitcoin’s long wick on the Oct. 10 candlestick shows that bears sold at higher levels but their failure to pull the price below the breakout level at $52,920 seems to have energized the bulls.
BTC/USDT daily chart. Source: TradingView
Aggressive buying on Oct. 11 has pushed the price above the Oct. 10 intraday high at $56,561.31, clearing the path for a possible rally to $60,000. The rising 20-day exponential moving average (EMA) ($50,196) and the relative strength index (RSI) in the overbought zone indicate that bulls are in control.
If bulls thrust the price above $60,000, the BTC/USDT pair could challenge the all-time high at $64,854. The bullish momentum could pick up further if buyers clear this barrier.
The first sign of weakness will be a break and close below the breakout level at $52,920. This will suggest that traders are booking profits at higher levels. The bears will then sense an opportunity and try to pull the price below the 50-day simple moving average (SMA) ($47,727).
ETH/USDT
Ether’s (ETH) turned down sharply on Oct. 10 but the bulls aggressively purchased the drop to the 20-day EMA ($3,369) on Oct. 11. This is a positive sign as it shows that the sentiment remains bullish and traders are buying on dips.
ETH/USDT daily chart. Source: TradingView
If bulls push and close the price above the neckline, the inverse head and shoulders (H&S) pattern will complete. This reversal setup has a pattern target at $4,657 but the bears are likely to have other plans as they will try to mount a strong resistance at $4,027.88 and then at the all-time high at $4,372.72.
This bullish view will be negated if the price turns down from the overhead resistance and plummets below the 50-day SMA ($3,351). The ETH/USDT pair could then drop to psychological support at $3,000.
BNB/USDT
Binance Coin (BNB) broke and closed below the 50-day SMA ($425) on Oct. 8. The bulls tried to push the price back above the 50-day SMA on Oct. 9 but failed, inviting selling by short-term traders.
BNB/USDT daily chart. Source: TradingView
The BNB/USDT pair plunged below the 20-day EMA ($409) on Oct. 10 but the bears could not take advantage of this opportunity. Strong buying at lower levels has pushed the price back above the 20-day EMA on Oct. 11.
If bulls propel the price above the 50-day SMA, the pair could rise to the neckline. A break and close above this level will complete the inverse H&S pattern. The pair may then rally to $518.90 and if this level is crossed, the rally may extend to the pattern target at $554.
Conversely, if the price turns down from the 50-day SMA or the neckline and plunges below the 100-day SMA ($383), the next stop could be $320.
ADA/USDT
Cardano (ADA) is trading inside a symmetrical triangle, which generally acts as a continuation pattern. If bears sink and sustain the price below the support line of the triangle, the correction could resume.
ADA/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($2.24) and the RSI just below the midpoint, do not give a clear advantage either to the bulls or the bears. The bulls will try to arrest the decline at $1.94 but if they fail to do so, the selling could accelerate and the ADA/USDT pair could drop to $1.60.
Alternatively, if the price rebounds off the support line of the triangle and rises above the 20-day EMA, the bulls will try to push the pair above the resistance line of the triangle. If they succeed, the pair could rise to $2.47 and then rally to $2.80.
XRP/USDT
The tight range trading in Ripple (XRP) resolved to the upside on Oct. 9 with a break and close above the 50-day SMA ($1.08). However, the long wick on the Oct. 10 candlestick shows that bears are defending the minor resistance at $1.24.
XRP/USDT daily chart. Source: TradingView
If bulls do not give up much ground from the current level, the possibility of a break above $1.24 increases. The 20-day EMA ($1.06) is sloping up marginally and the RSI is above 60, signaling advantage to buyers.
A break and close above $1.24 could push the XRP/USDT pair to $1.41. This may prove to be a difficult obstacle to overcome but if crossed, the pair could rally to $1.66. This bullish view will invalidate if the price turns down and breaks below the 20-day EMA. That could pull the price down to $1 and then to the 100-day SMA ($0.93).
SOL/USDT
Solana’s (SOL) weak bounce off the 20-day EMA ($151) on Oct. 8 and 9 suggests a lack of aggressive buying by the bulls. Supply exceeded demand on Oct. 10 and the price slipped below the 20-day EMA.
SOL/USDT daily chart. Source: TradingView
The bulls will now try to defend the 50-day SMA ($141). They will have to push and sustain the price above the downtrend line to signal that the selling pressure is easing. The bullish momentum could pick up on a breakout and close above the 61.8% Fibonacci retracement level at $177.80.
Conversely, if the price turns down and breaks below the 50-day SMA, the SOL/USDT pair could drop to the strong support at $116. This is an important level for the bulls to defend because if it cracks, the pair could plummet to the 100-day SMA ($90).
DOGE/USDT
Although bulls defended the 100-day SMA ($0.24) on Oct. 8 and 9, they could not push Dogecoin (DOGE) above the 50-day SMA ($0.24). This suggested that demand dries up at higher levels. The bears took advantage of this situation and pulled the price below the moving averages on Oct. 10.
DOGE/USDT daily chart. Source: TradingView
If bulls fail to push the price back above the moving averages quickly, the DOGE/USDT pair could drop to the $0.21 to $0.19 support zone. The bears will have to break this support zone to gain the upper hand.
On the contrary, if the price turns up and breaks above the moving averages, the bulls will make another attempt to push the price above the downtrend line. If they pull it off, the pair could start an up-move $0.32 and later to $0.35.
DOT/USDT
Polkadot (DOT) has been range-bound between $25.50 and $38.77 for the past many days. The price turned down from $37.45 on Oct. 10, suggesting that bears are defending the overhead resistance.
DOT/USDT daily chart. Source: TradingView
The gradually upsloping moving averages and the RSI in the positive territory signal a modest edge to the buyers. A breakout and close above $38.77 will be the first sign of the resumption of the up-move.
The pattern target of the breakout from the rectangle pattern is $52.04. Alternatively, if bears sink the price below the moving averages, it will indicate that the DOT/USDT pair could extend its stay inside the range for a few more days.
LUNA/USDT
Terra protocol’s LUNA token turned down from $48.56 on Oct. 8, indicating that bears are aggressively defending the overhead resistance at $50. The failure to break above the resistance may have prompted short-term traders to book profits.
LUNA/USDT daily chart. Source: TradingView
The LUNA/USDT pair slipped and closed below the 20-day EMA ($39.64) on Oct. 10. Efforts by the bulls to reclaim the level met with strong selling on Oct. 11, indicating that the sentiment has turned negative and traders are closing positions on every minor rally.
The next support on the downside is the 50-day SMA ($35.58) and if this level gives way, the decline could extend to $32.50. Conversely, if the price turns up from the current level and rises above the 20-day EMA, the bulls may again try to push the pair above the overhead resistance.
UNI/USDT
Uniswap (UNI) broke and closed below the 20-day EMA ($24.45) on Oct. 10 but the bulls are trying to defend the 100-day SMA ($23.76). The buyers will now try to push the price back above the 50-day SMA ($25.05).
UNI/USDT daily chart. Source: TradingView
If they succeed, the UNI/USDT pair could rise to the neckline of the inverted H&S pattern. The bullish momentum could pick up if buyers push and sustain the price above this resistance. The pair could then begin its ascent toward the pattern target at $36.98.
Contrary to this assumption, if bears pull the price below the 100-day SMA, the pair could drop to $22. This is an important level for the bulls to defend because if it is breached, the selling could intensify and the pair may drop to $18.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
According to Pomp, he had not violated YouTube’s community guidelines and his most recent video didn’t have any questionable content.
Video sharing platform YouTube removed the 251,000-subscriber channel of Anthony ‘Pomp’ Pompliano, co-founder of Morgan Creek Digital and host of The Pomp Podcast, before later restoring it.
In an Oct. 11 update on his Twitter account, Pompliano — a Bitcoin (BTC) bull known for his interviews educating skeptics and others on crypto — said he received a message from YouTube claiming a recent livestreamed interview with stock-to-flow model creator PlanB encouraged “illegal activities.” Pompliano’s entire channel was unavailable for roughly two hours before being returned to the platform, with all videos on BTC and crypto viewable to the public.
“[YouTube] first stated that the content, an interview on Bitcoin, was harmful and dangerous,” said Pomp. “They then stated that we would receive a strike, but then I received a second email saying the channel was being deleted seconds later.”
According to Pomp, he had received no “strikes” — violations of YouTube’s community guidelines; three strikes within 90 day can result in a channel being permanently removed — and the video seemingly didn’t have any questionable content or otherwise. However, the platform’s guidelines state it has the right to remove channels for “a single case of severe abuse” or for accounts dedicated to content including hate speech, harassment, or impersonation.
YouTube had previously targeted crypto-related content on the platform, with its algorithms labeling videos on BTC and other cryptocurrencies as “harmful content,” and leaving human reviewers to assess any grounds for appeal. In Pomp’s case, he was able to get the attention of YouTube’s support team on Twitter within minutes — likely due to his 1.1 million followers and verified account. However, other crypto content creators have reported waiting days after having their channels similarly terminated.
The seemingly arbitrary removal of the account of a major player in the crypto space highlights the danger of relying on a centralized platform like YouTube. Last week, Facebook, Instagram and WhatsApp went offline for roughly six hours, likely disrupting community engagement around crypto and blockchain projects.
In addition, YouTube has been at the center of attention for attempting to purge videos related to misinformation on health around the COVID-19 pandemic. In August, the platform said it had removed more than one million video “related to dangerous coronavirus information” since February 2020.
