Three Canadian men have lost a combined total of over $273,000 to a sophisticated cryptocurrency investment scam that used deepfake videos. Deepfakes Lure Victims The victims were tricked into investing after watching videos that appeared to feature prominent figures like Prime Minister Justin Trudeau and Elon Musk. These videos were actually deepfakes, manipulated using artificial…
Crypto exchange Abra is making a big move after facing some legal hurdles. They’ve just bought a bunch of funds from Valkyrie Investments, a company that manages digital assets. Abra’s Big Buy Abra bought several of Valkyrie’s trusts, including those focused on Tron and Zilliqa. These trusts have already sold about $71 million worth of…
A major US bank, Fifth Third Bank, is facing a hefty $20 million fine for some seriously shady business practices. The Consumer Financial Protection Bureau (CFPB) says the bank ripped off thousands of customers, including illegally taking away their cars. What Did Fifth Third Do? Forced extra insurance: The bank made customers buy extra car…
Coinbase, a big name in the crypto world, thinks the next few months for crypto investors will be a bit of a rollercoaster ride. They’re predicting a lot of ups and downs, especially as the US economy is facing some uncertainty. Recession Fears and the Fed’s Role Coinbase’s experts are keeping a close eye on…
Crypto investor Arthur Cheong thinks crypto doesn’t need to be as big as the internet to be successful. He believes that crypto can make a huge impact even if it doesn’t become mainstream. Focus on Specific Use Cases Cheong argues that trying to get everyone to use crypto might be a mistake. Instead, he believes…
Venture capitalist Chris Burniske thinks the Move ecosystem could be the next big thing in crypto. He’s particularly interested in the projects built on this technology, like Sui and Aptos. Why Move? Burniske believes the Move ecosystem is worth watching because it’s still relatively unknown. He likes to invest in areas that haven’t been flooded…
Bitcoin has been on a bit of a roll lately, climbing back above $58,000. One analyst thinks it could go even higher. Bitcoin Could Hit $63,800 A popular crypto analyst, Ali Martinez, has spotted a pattern on the Bitcoin chart that suggests a potential breakout. He’s seeing an “ascending triangle” which is a technical analysis…
Bitcoin has been on a bit of a roller coaster lately, but things are looking up! After a dip in early July, the price is starting to recover. Big Players Buy Big Turns out, some big-time Bitcoin investors, known as “whales” (those holding over 1,000 BTC), saw the recent dip as a buying opportunity. They…
The crypto market has been on a rollercoaster ride lately, and it seems like many investors are feeling the effects. A recent survey by CoinGecko found that less than half of crypto holders are still feeling optimistic about their investments. Bullish Sentiment Drops The survey, conducted between June 25th and July 8th, polled 2,558 crypto…
Bitcoin has been on a bit of a rollercoaster lately, but some analysts think it might be about to take off. Losing Money, But Maybe Not for Long A key indicator, called the Profit/Loss Margin, shows that Bitcoin traders are currently losing money. This is a sign that the market is bearish, meaning prices are…
