Crypto scams are becoming increasingly common and sophisticated. Billions of dollars are stolen each year, and even tech-savvy users are vulnerable. This case highlights a particularly brazen example. The $4 Million Heist Investigator ZachXBT exposed a scam orchestrated by Christian “DayTwo” Nieves, who allegedly stole over $4 million from Coinbase users. He posed as a…
Dogecoin took a bit of a rollercoaster ride over the weekend. Let’s break down what happened and what it might mean for the future. A Dip Below $0.15 Dogecoin’s price briefly dipped below $0.15, its lowest point since early April. This continued a downward trend that saw its price fall about 36% in the last…
Wyoming is considering Solana (SOL) and Aptos (APT) as top contenders to power its proposed state-backed stablecoin. A State-Issued Stablecoin? The Wyoming Stable Token Commission (WYST) plans to create a digital currency pegged to the US dollar. This stablecoin would be backed by funds held in a Wyoming state trust. The idea is to create…
The End of an Era? Billionaire investor Jeffrey Gundlach, nicknamed the “Bond King,” believes the long-running trend of the US market outperforming others is finally over. He claims this shift is driven by a significant change in foreign investment patterns. Capital Flight from the US? For nearly two decades, foreign investors poured trillions of dollars…
Spokane, Washington, has become the first city in the state to ban cryptocurrency kiosks. This move comes in response to a massive surge in crypto-related scams, resulting in a staggering $141,756,936 in losses statewide. Why the Ban? The city council unanimously approved the ban, citing a significant increase in scams using these kiosks. Victims often…
A 25-year-old Bronx man, Oliver Tejada, is going to prison for five years after pulling off a sophisticated bank robbery scheme. The Heist Tejada and his crew targeted elderly people and others, stealing their bank information. They then called the banks, pretending to be the victims, to get more details. Next, they used fake IDs…
Chainlink (LINK) has been struggling lately, dropping over 33% since its peak in May. Why? A mix of things: Middle East tensions, a worried economy (thanks to rising interest rates and the Federal Reserve), and generally shaky investor confidence in crypto. The price is looking for a solid floor right now. A Huge Transfer to…
Texas has officially joined the growing number of states adding Bitcoin to their investment portfolios. This move diversifies the state’s finances and positions Texas as a leader in exploring cryptocurrency as a treasury asset. How Texas Will Manage its Bitcoin The new law, SB 21, creates a Bitcoin reserve that operates independently from the state…
Bitcoin’s price has been pretty stagnant lately. While it briefly hit $108,000 earlier this week, it’s mostly hung out between $103,000 and $106,000. It’s stayed above $100,000 since early May, but hasn’t really gained much momentum. Let’s dive into why that might be. Technical Indicators Point to a Potential Drop Analyst Burak Kesmeci predicts Bitcoin…
Bitcoin’s recent price dip below $103,000 highlights the market’s volatility. While it’s still up over 600% since November 2022’s crash, the question remains: what’s driving the price, and what are the risks? Crypto analyst Miles Deutscher offers some insights into a key factor: Bitcoin treasury companies. What are Bitcoin Treasury Companies? These are companies holding…
