An 85-year-old widow, Annette Manes, lost her entire life savings to a scam that went on for nearly a year. The scammers, who pretended to be from JPMorgan and the government, convinced Manes to go “undercover” and help them catch bad actors. How the Scam Worked Manes was told to withdraw large sums of money…
Kraken, a popular cryptocurrency exchange, has been dealt a blow in its legal battle with the Securities and Exchange Commission (SEC). A judge has rejected Kraken’s attempt to dismiss the SEC’s claims that the exchange violated securities laws by operating without proper registration. What’s the Issue? The SEC alleges that Kraken was acting as an…
A small jewelry business in Indiana is fighting back after police seized $43,000 in cash sent to them through FedEx. The couple, Henry and Minh Cheng, claim the money was a legitimate payment from a client in Virginia for gold chains. Cash Seized, No Charges Filed The police, however, suspected the cash was linked to…
Crypto analyst Jamie Coutts thinks Ethereum (ETH) might be about to take off. He’s seeing some positive signs in the market, but warns that Ethereum needs more action before it can really soar. The Good, The Bad, and The Ethereum Coutts sees some good things happening for Ethereum: Layer-2 adoption is booming: More and more…
Avalanche (AVAX) has been making some serious moves lately, surging by 30% in just a week. After a bit of a quiet period following its peak in March, AVAX is finally starting to gain some momentum. Analysts Are Bullish on AVAX Crypto analysts are buzzing about Avalanche, predicting a potential rally to new highs. One…
Kraken, a major cryptocurrency exchange, is facing a major legal hurdle. A California judge has ruled that the US Securities and Exchange Commission (SEC) can move forward with its lawsuit against the company. SEC’s Claims The SEC claims that Kraken has been operating an unregistered securities exchange. They argue that certain crypto tokens sold on…
Chinese authorities have extradited a man suspected of running a massive $14 billion cryptocurrency pyramid scheme. This marks the first time China has extradited someone for an economic crime from Thailand. The Case of Zhang Moumou Zhang Moumou, the alleged mastermind behind the scheme, was extradited from Thailand as part of China’s “Operation Fox Hunt.”…
Bitcoin is showing signs of a potential rebound, with several on-chain metrics pointing towards a positive future. These metrics, which often predict price movements, are suggesting a shift in market sentiment. Exchange Inflows Dropping One of the key indicators is the amount of Bitcoin flowing into and out of exchanges. Recently, there’s been a sharp…
The future of Bitcoin is a hot topic. Some experts think it will become a global powerhouse, while others think it will crash and burn. Let’s dive into both sides of the story. Bitcoin: A $52 Million Treasure? Some experts believe Bitcoin could be worth a staggering $52 million by 2050. They point to several…
Sensitive Information at Risk Two US banks, TD Bank and Summit National Bank, have reported data breaches affecting thousands of customers. The incidents, which occurred between last fall and this spring, involved the potential exposure of highly sensitive personal information. Summit National Bank: 10,912 Customers Impacted Wyoming-based Summit National Bank discovered suspicious activity in May…
