Community

The month of August started on a high pitch with some top cryptocurrencies doing bullishly in the market. Most of the tokens increased in volume and prices.

The cryptocurrency community was very enthusiastic about the appointment of Crypto Mom Hester Pierce as a SEC Commissioner again. She is known for her continuous support to the blockchain and cryptocurrency industry.

After the news that fraudsters use Binance to launder stolen cryptocurrency funds, the exchange decided to take action to stop such activity. They have established a strong cybersecurity alliance.

Leading cryptocurrency-based sportsbook Sportsbet.io has signed a one-year contract with Southampton Football Club to be the new main club shirt branding partner, replacing its former Chinese partner LD Sports.

Talks about Ripple being a scam pop up every now and then. The altcoin’s runner, Brad Garlinghouse even had to handle several lawsuits concerning registration problems. Nevertheless, XRP remains the third-largest by market cap.

The People’s Bank of China is not going to expand trials of its CBDC to large volume transactions. For now, at least.

Leading Bitcoin sportsbook, Sportsbet, has launched a new community-focused loyalty program, The Clubhouse. The latest program will enhance and bring value to players' experience whenever they plug into its services. By staying true to its vision of pushing borders and bringing new and innovative technology to its community, The Clubhouse is built to break regular stereotypes, especially traditional deposit-based bonuses.

Back in July 2020, CoinIdol, a world blockchain news outlet, received an email from one of its readers that wished to stay anonymous saying one was scammed by a project called PrepayWay. Later on, another reader, Sempiira Joseph Nyagwa claimed he was also scammed by the project runners.

2020 has seen a significant increase in the number of scams related to cryptocurrency. To lure out people’s money, scammers constantly improve their schemes and invent new approaches to look more reliable and trustful.