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.
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In January, European authorities conducted raids to dismantle a "mafia crypto bank," arresting 17 individuals and seizing weapons, real estate, and over €2.5 million. The criminal network, catering to human traffickers and the drug trade, handled more than €21 million and offered crypto services.
bitcoinmagazine.com
The 2024 UK Customer Report by CoinCorner reveals that 51% of customers have never sold their Bitcoin, opting for small, frequent purchases and larger sales during price surges. Demographics challenge stereotypes, with 56% of users aged 35-54, and London leading in user count and transaction volume.
Decrypt
JPMorgan Chase settled a transaction involving tokenized U.S. Treasuries on Ondo Finance using Chainlink to connect private and public networks, marking a milestone in their decentralized finance project Kinexys. Real-world-asset tokenization is gaining traction among institutional investors, with RWAs on blockchains exceeding $12 billion in total value locked.
Decrypt
Gold's price dropped to a monthly low as Bitcoin surged amid easing U.S.-China trade tensions. Bitcoin's price rose 17% while gold fell 9% from its mid-April high. Analysts attribute Bitcoin's strength to concerns over U.S. dollar debasement and a weaker greenback.
Blockworks
Squads has introduced Altitude, a stablecoin-native account for businesses, with a strategic investment from Haun Ventures. CEO Stepan Simkin envisions Altitude as a tool for real businesses to manage financial operations efficiently.
DL News
The SEC, under new Chairman Paul Atkins, is hosting crypto roundtables to discuss tokenisation and support digital assets. Companies like BlackRock, Franklin Templeton, and Fidelity are eager to capitalize on the trend, with BlackRock leading the way in tokenisation efforts.
bitcoinmagazine.com
Bitcoin's price has surged from $75,000 to $106,000 in just a month, sparking excitement. However, indicators suggest caution as rapid increases often lead to corrections. Monitoring key metrics can help predict market sentiment and future movements.
Decrypt
Pixelmon has partnered with Avalanche to launch its upcoming mobile game Warden’s Ascent, while keeping its core assets on Ethereum. The move aims to expand beyond the current Web3 user base and launch more games on Avalanche.
Blockworks
WalletConnect believes in Smart Sessions, a new standard for an AI-powered internet future, aiming to reduce wallet popups and delegate permissions to AI agents for seamless onchain experiences.
Decrypt
The sports tipster industry, valued at $148.8 billion, lacks transparency for buyers. AI agent Billy Bets aims to revolutionize the industry by providing on-chain visibility into its betting picks and strategies, attracting notable investors like Coinbase Ventures and Serge Ibaka.