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Two California men are facing federal charges for allegedly running a massive NFT investment scam. The scheme allegedly defrauded investors out of millions of dollars. The Alleged Scam 23-year-olds Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks are accused of conspiracy and wire fraud. Prosecutors say they orchestrated multiple “rug pull” scams,…
A popular crypto analyst, Benjamin Cowen, is predicting a potential Bitcoin price drop. He shared his concerns with his 850,000 YouTube followers. Technical Indicators Point to a Dip Cowen’s analysis focuses on technical indicators, specifically the extension from Bitcoin’s 20-week simple moving average (SMA). He says this suggests a high risk of a correction. He…
Bitcoin’s been on a bit of a rollercoaster lately. After hitting record highs above $104,000, it took a dive. But could a recovery be on the horizon? One analyst thinks so. The $107,000 Prediction CobraVanguard, a crypto analyst, believes Bitcoin could bounce back and even hit a new all-time high of $107,000. Their analysis hinges…
The IRS has made it clear: crypto staking rewards are taxable income the moment you get them. This isn’t new, but they’ve recently reaffirmed this stance in a legal battle. Staking Rewards: Taxable Income, Not “New Property” The IRS says staking rewards aren’t like creating something new (like writing a book or growing crops). They’re…
Litecoin’s daily active addresses—the number of unique addresses making transactions—have seen a nice boost in 2024. A Year of Growth According to IntoTheBlock, Litecoin’s daily active addresses are up compared to last year. This means more people are using the Litecoin network. While the number of daily active addresses fluctuates, the average for 2024 is…
Singapore has zoomed ahead of Hong Kong as Asia’s top crypto hub. This isn’t just an opinion; it’s backed by numbers. Singapore’s Winning Strategy: More Licenses, More Players In 2024, Singapore issued a whopping 13 crypto licenses – more than double the number from the previous year. Big names like OKX, Upbit, Anchorage, BitGo, and…
Russia is taking a firm stance against cryptocurrency mining in several key regions. Starting January 1st, 2025, a six-year ban will be in effect, impacting a significant portion of the country’s mining operations. The Ban: Who’s Affected? Ten regions will face the full six-year ban, lasting until March 15th, 2031. These include: Dagestan Ingushetia Kabardino-Balkaria…
A crypto analyst known as CredibleCrypto is predicting a huge price surge for Curve DAO (CRV), an Ethereum-based DeFi token. They believe CRV could jump by a massive 722%! Why CredibleCrypto is Bullish on CRV CredibleCrypto, who boasts a large following on X (formerly Twitter), is basing their prediction on both technical analysis and CRV’s…
A significant portion of all known Bitcoin is now held by a few key players. According to CryptoQuant CEO Ki Young Ju, exchange-traded funds (ETFs), governments, and MicroStrategy (MSTR) together own about 31% of all known Bitcoin. A Massive Increase in Institutional Holdings This represents a huge jump – a 14% increase since December 2023….
Raoul Pal, a well-known figure in the finance world, is predicting a strong rally in the crypto market before the end of 2024. A Santa Claus Rally for Crypto? Pal, formerly of Goldman Sachs, thinks Bitcoin and other cryptos could see significant gains in the last half of December, mirroring the traditional “Santa Claus rally”…
