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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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DigitalX has acquired 74.7 BTC, increasing its total Bitcoin holdings to 499.8 BTC valued at over $91 million. The company's strategy focuses on consolidating Bitcoin as the core asset in its treasury portfolio.
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The SEC's recent decision to halt the approval of Bitwise's 10 Crypto Index ETF has caused concern among crypto ETF observers. This marks the second time this month that the commission has intervened to block a staff-level recommendation, leaving other ETF issuers in limbo.
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Four individuals were convicted in London for attempting to kidnap and extort a Belgian barber who they believed had a significant Bitcoin fortune. The victim, Quentin Cepeljac, was lured to the U.K. under false pretenses, but the kidnappers settled for a small amount of cash after discovering he had minimal crypto holdings.
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BitMine Immersion's stock rose over 3% after ARK Invest bought $182 million of its shares, reflecting the growing interest in Ethereum investments. The company aims to acquire and stake 5% of all Ethereum, with its share price soaring 827% in the past month.
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Established NFT projects like CryptoPunks are gaining interest as leading altcoin prices increase, particularly on Ethereum and Solana. The NFT market saw a surge in trading volume, with CryptoPunks.app contributing significantly to the activity, leading to a rise in floor prices for various collections.
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Pump.fun's token has fallen below its ICO price, causing a loss for early buyers. The community is growing impatient as the airdrop date remains unannounced, while a rival platform gains market share.
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The TON Wallet, developed by The Open Platform, is now available for U.S. residents on Telegram, offering features like buying, selling, and sending cryptocurrencies within the app. With over 100 million worldwide activations last year, the wallet aims to make decentralized finance more accessible to everyday users.
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The XRP Army, a group of devoted XRP investors, expresses frustration over the SEC lawsuit that hindered the cryptocurrency's growth for seven years. Despite reaching a new all-time high, members feel sidelined compared to other cryptocurrencies.
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A network upgrade proposal for Dogecoin, called OP_CHECKZKP, aims to enhance scalability, decentralization, and security. This upgrade could attract more developers to build apps, games, and DeFi protocols on the Dogecoin blockchain.
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Sahara AI's Data Services Platform (DSP) rewards users in cryptocurrency for completing data-labeling tasks like tagging images or transcribing audio. The platform aims to create a decentralized gig economy by offering rewards for essential AI training tasks.