The US Federal Trade Commission says crypto scams have cost US consumers more than a billion dollars.
A former manager of the largest NFT marketplace is charged with insider NFT trading.
Technologists sign an open letter to lawmakers on crypto risks.
Chipotle now accepts cryptocurrency payments at all US locations.
Here’s what happened in crypto over the week.
The median amount lost to cryptocurrency scams since January 2021 was $2,600.
Read CNET’s full story on the FTC’s crypto scam analysis here.
This is the first time the Justice Department has pursued an insider trading case over NFTs.
The suspect was a product manager at OpenSea last year.
On Friday, a company spokesperson responded to CNET’s request for comment.
Read CNET’s full story on a former OpenSea manager charged with insider NFT trading.
Blockchain refers to the record-keeping technology that underpins cryptocurrency and other crypto-related assets.
“Blockchain technologies facilitate few, if any, real-economy uses,” the letter reads.
Read CNET’s full story on the open letter to lawmakers here.
Chipotle begins accepting cryptocurrencies at US locations
you might now buy a burrito at Chipotle with bitcoin.
Read CNET’s full story on Chipotle accepting cryptocurrency here.
