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The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Coinbase has reopened user registrations in India, allowing customers to conduct crypto-to-crypto trades. The company plans to introduce a fiat on-ramp in 2026, enabling users to purchase digital assets directly.
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Bitcoin has rebounded to $91,950, up 1.8% for the day and 5.3% for the month, following a leverage wipeout in early October. The Federal Reserve's interest-rate decision and upcoming jobs data are key factors influencing market sentiment.
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ZKsync Lite, an early zero-knowledge payment rollup for Ethereum, will be retired next year after serving its purpose as a proof-of-concept. The team at Matter Labs confirmed that the Lite version validated critical ideas for their current systems.
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Cantor Fitzgerald analysts revised Strategy's stock price target to $229, down 59% from $560, citing a decrease in the value of the company's treasury operations. Despite concerns of a "crypto winter," analysts believe Strategy's Bitcoin-buying activity will continue.
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Bitcoin and Ethereum prices dropped significantly, with Bitcoin falling below $90,000 and Ethereum nearing $3,000. The crypto market saw liquidations totaling over $493 million, mostly from long positions.
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Legislation introduced in Indiana aims to expand access to digital assets for savers and prevent local governments from restricting cryptocurrency use. The bill requires public servants' retirement programs to offer cryptocurrency ETFs and limits local government rules on digital asset usage.
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The Department of Justice is seeking a 12-year prison sentence for Terra founder Do Kwon, who pleaded guilty to conspiracy to defraud and wire fraud. Prosecutors argue for the maximum sentence to avoid sentencing disparities with similar cases like FTX founder Sam Bankman-Fried.
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Minh Phuong Ngoc Vong, a Maryland man, was sentenced to 15 months in prison for helping North Korea infiltrate U.S. companies with IT workers. Vong used false credentials to secure jobs and earned over $970,000 from U.S. companies, including government agencies.
Coindesk
Paribu, a major Turkish digital asset platform, has acquired CoinMENA, a top crypto exchange in the MENA region, for up to $240 million. This acquisition provides Paribu with regulatory access to key crypto hubs like Dubai.
Coindesk
CoinShares reported that the digital asset treasury bubble has burst, with some firms trading below their market net-asset value. The next move depends on whether companies sell off or wait for a rebound, as per CoinShares Head of Research, James Butterfill.