Decrypt
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.
LATEST NEWS
Decrypt
Bitwise Chief Investment Officer Matt Hougan predicts Ethereum will continue to rise due to high demand surpassing supply, with $20 billion expected to be invested in the asset over the next year. The recent surge in Ethereum's price is attributed to the growing interest in Ethereum exchange-traded products and the rapid expansion of ETH treasuries.
Decrypt
BNY Mellon and Goldman Sachs are collaborating on a tokenized money market product to enhance the transferability of money market fund shares. The product will allow fund managers to subscribe to MMF shares via BNY’s platform, mirrored as tokens on Goldman Sachs's Digital Asset Platform.
Decrypt
Eli and Kaitlyn Regalado, a Colorado pastor and his wife, face 40 felony charges for a multi-million-dollar crypto scam targeting their Christian community. The couple allegedly pocketed $1.3 million for personal luxuries while promoting INDXcoin through their church.
Decrypt
XRP now exceeds companies like PepsiCo, AT&T, and Uber in market capitalization, now ranking as the 91st largest asset globally. Despite recent legal battles, XRP has seen a significant surge in value, surpassing BlackRock, Boeing, and Nike.
Forbes
The bitcoin price has doubled in the past year, with Tesla holding over 10,000 bitcoins worth $1.3 billion. Elon Musk's comments and SpaceX's bitcoin movements have caused market fluctuations.
Decrypt
A federal crypto fraud case involving a Nigerian scammer impersonating a Trump associate targeted MoonPay executives, leading to a temporary sealing of the entire docket. The FBI has recovered a portion of the stolen funds with Tether's help, while former prosecutors find the situation unusual.
Forbes
The comparison of AI to modern Promethean fire is relevant for crypto, as blockchain can solve AI's trust issues. However, granting AI direct access to sensitive operations poses security risks, with some startups experimenting with autonomous agents for financial transactions without human oversight.
Decrypt
Kitabo Co., Ltd., a Japanese textile company, plans to purchase up to $5.4 million in Bitcoin to stabilize its financial position after years of losses. The company aims to gradually acquire Bitcoin using dollar-cost averaging, marking its entry into the cryptocurrency and real-world asset business.
Decrypt
A Washington State man, Geoffrey Auyeung, faces charges for allegedly laundering $7.1 million in crypto from a $97 million oil and gas investment fraud scheme. The funds were moved through various cryptocurrency accounts and banks, with connections to Russia and Nigeria.
Decrypt
Ethereum's recent surge has positioned U.S.-based Ethereum ETF investors ahead of Bitcoin ETF holders, with high growth in Ethereum to Bitcoin ETF holdings and spot trading volume ratios since April. Factors like rising institutional interest and strong capital flows are driving Ethereum's outperformance.