A cybersecurity investigator, known online as ZachXBT, revealed that Coinbase users are losing over $300 million annually to social engineering scams. This alarming figure highlights the vulnerability of users to increasingly sophisticated phishing attacks. How the Scams Work ZachXBT, who boasts a large following on X (formerly Twitter), shared details of these scams. Between December…
Billionaire investor Chamath Palihapitiya has a suggestion for jumpstarting the US’s new federal sovereign wealth fund: use the government’s Bitcoin. Leveraging Bitcoin and Other Assets President Trump recently signed an executive order creating this fund, aiming for long-term financial stability and economic growth. Palihapitiya tweeted that the government could quickly get the ball rolling by…
Could Bitcoin be about to explode? One analyst thinks so. A Bold Prediction: $160,000 in 30 Days? Crypto analyst CryptoCon is predicting a massive Bitcoin price surge. They believe BTC could hit a staggering $160,000 within the next month. This is a huge call, especially given the current bearish market sentiment. The analyst points out…
The US government might be considering a seriously big move: adding Bitcoin to its national reserves. This bombshell came from David Sacks, the newly appointed AI and Crypto Czar. Sacks’ Bitcoin Push Sacks, a well-known venture capitalist and former PayPal executive, is a big Bitcoin fan. He’s previously talked about Bitcoin as a way to…
The XRP Ledger (XRPL) experienced a temporary outage on February 4th. For about an hour, the network froze, halting transactions. The Outage The freeze started at block height 93927174 and lasted 64 minutes. No new transactions were processed during this time. This naturally caused concern among XRP users. Ripple’s Response Ripple’s CTO, David Schwartz (also…
Dogecoin might be about to break above $0.30, according to analysts. Let’s dive into why they think so. Technical Analysis Suggests an Upswing Analysts are pointing to Fibonacci retracement analysis of Dogecoin’s recent downtrend as a key indicator. The two-month downward trend, coupled with significant trading volume, suggests a potential rebound. This is especially interesting…
Could Elon Musk’s plan to put the US Treasury on the blockchain trigger a massive crypto bull run? Let’s explore the potential impact. Musk’s Bold Plan Elon Musk’s proposed move to put the US Treasury on a blockchain is a radical idea. While it’s controversial, it could dramatically increase crypto adoption. Imagine: the entire US…
Cryptocurrency analyst Jason Pizzino is warning about a potential crash for Sui (SUI), a competitor to Solana (SOL). He believes SUI is mirroring a past price pattern that could lead to significantly lower prices. SUI’s Troubling Pattern Pizzino, who boasts a large YouTube following, points to an “overbalance” in SUI’s price and time following a…
Coinbase is urging US banking regulators to clear up the rules around banks offering crypto services. They say the current situation is unnecessarily complicated and is holding back banks from getting involved in the crypto world. Regulators in the Hot Seat The crypto exchange sent letters to three key regulators: the Office of the Comptroller…
A former Fifth Third Bank employee in Atlanta is facing serious charges after allegedly stealing millions. Fedrick Jeffries is accused of a massive fraud scheme. The Allegations Jeffries is charged with seven counts of identity theft, five counts of computer forgery, and one count of theft. The alleged theft totals $2.3 million. His coworkers first…
