The civil unrest in Sudan has taken an alarming twist online. A mysterious account on TikTok recently uploaded “leaked recordings” of Omar al-Bashir, the...
John Motson passes
Legendary English soccer commentator John Motson, 77, has passed away, his family confirmed.
“It is with great sadness we announce that John Motson...
Foreign remittances into Nigeria would reach $20.9 billion worth of Bitcoins by 2022. During the year, the Bitcoin business in Nigeria was experiencing...
A documentary on a 20-year-old crypto trader who allegedly turned $50 into an $8 million fortune last year has been removed by the BBC. The Crypto Millionaire was the title of the documentary, which chronicled the narrative of Hanad Hassan, a Birmingham resident who claims to have made a return of around 16,000,000% in a year by trading unnamed crypto assets. The piece was supposed to air this week, and it would have explored how Hassan had begun to give back to the community as a result of his newfound wealth, but it was canceled after the Guardian revealed on Feb. 10 that it had expressed problems about the BBC’s research: “The Guardian asked the BBC if it was confident in his claimed financial returns and questioned why the program’s promotional material did not mention that Hassan’s cryptocurrency Orfano was abruptly shut down in October, with many unhappy investors claiming they were left out of pocket as a result.” The Guardian’s media editor Jim Waterson wrote, “The BBC swiftly said it had withdrawn the show but did not make any further comment on its editorial checks.” Hassan Had First Turned $50 Into $1M in Q1 2021 Hassan had first transformed $50 into $1 million in Q1 2021, according to a now-deleted promotional story for the program on the BBC’s website (that can still be viewed via web.archive.org), before going on to co-create his own ‘special cryptocurrency’ that distributes all of its proceeds to charity. The BBC did not disclose the details behind Hassan’s ‘net worth’ and how he generated the money between Q1 and Q4 2021, therefore it is unknown how he made the remaining $7 million of the estimated $8 million sums. Hasan’s ORFANO token, according to Coinmarketcap, was introduced on April 2, 2021, with a 6% tax on all transactions using the asset. A portion of the tax revenue earned by the token was allocated to a wallet address for charitable donations. The coin does not have a pricing history, but according to the BBC, OFRANO donated $200,000 to charity last year from its profits. According to posts from the r/Orfano community on the social media network Reddit, the project remained silent in September before shutting down in October, implying that ORFANO barely lasted five or six months. Several individuals on the subreddit claimed that the project was illegitimate, but this is a pretty regular claim made by community members whenever projects fail. Hassan and co-founder Ahmed wrote in a message to the community that was reposted on Reddit: “Things haven’t gone the way we had planned and after careful consideration, we have decided that we will [be] stopping the continuing of the project. The team has put in every effort to maintain and grow the token but we don’t see any progress and a way to bring Orfano x back to the good days.”
We’ll make a valid point about Bitcoin mining using this story, we promise. This one would be hilarious if there wasn’t a crime involved. So, don’t laugh. We’re serious. In the United Kingdom, the West Midlands Police received a tip about a warehouse. Ventilation ducts and wiring were visible and multiple people visited the facilities […]
TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Ledger acknowledges customer data breach. Grayscale reaches ATH numbers. Coinbase...