A crypto trader argued that it is easy for crypto market participants to be “convinced sentiment is one way or the other,” while claiming that the sentiment is not “that bullish currently.” Source: https://cointelegraph.com/news/crypto-market-sentiment-bullish-echo-chamber-crypto-traders-retail-investors?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635569520113&utm_campaign=rss_partner_inbound
Month: October 2024
Hong Kong’s Fraud Empire Collapses: How Triads, AI, and Fake Love Fuel Massive Crypto Heist
Hong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media expertise to deceive victims across Asia. Massive Fraud Syndicate Busted: Deepfake Romance Scams, […] Source: https://news.bitcoin.com/hong-kongs-fraud-empire-collapses-how-triads-ai-and-fake-love-fuel-massive-crypto-heist/
Crypto market sentiment not as bullish as 'echo chamber' suggests, trader says
A crypto trader argued that it is easy for crypto market participants to be “convinced sentiment is one way or the other,” while claiming that the sentiment is not “that bullish currently.” Source: https://cointelegraph.com/news/crypto-market-sentiment-bullish-echo-chamber-crypto-traders-retail-investors?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fake Coinbase Sites Steal $20M — How Indian Man Led the Massive Crypto Fraud
A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed how fraudsters used advanced tactics, including remote desktop access and posing as support agents, to […] Source: https://news.bitcoin.com/fake-coinbase-sites-steal-20m-how-indian-man-led-the-massive-crypto-fraud/
Binance Expands Mobile Money Across Africa — 6 More Countries Gain Access
Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access […] Source: https://news.bitcoin.com/binance-expands-mobile-money-across-africa-6-more-countries-gain-access/
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […] Source: https://news.bitcoin.com/digital-ruble-and-sanctions-expert-analyzes-russias-digital-currency-plan-to-evade-western-control/
$230M Bitcoin Heist Takes Dark Turn — $100M Still Missing, FBI Probes Kidnapping Link
Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch, the story took a sinister twist. Now, prosecutors say the crime may be tied to a shocking kidnapping — and […] Source: https://news.bitcoin.com/230m-bitcoin-heist-takes-dark-turn-100m-still-missing-fbi-probes-kidnapping-link/
XRP may face volatility as market waits for ‘concrete results’ — Analyst
A crypto analyst opined that XRP’s price “is likely to fluctuate between $0.50 and $0.80” for the rest of 2024 with strong emphasis on regulatory developments. Source: https://cointelegraph.com/news/ripple-sec-lawsuit-xrp-price-volatility-bitget-research-ryan-lee?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635366441506&utm_campaign=rss_partner_inbound
XRP may face volatility as market waits for ‘concrete results’ — Analyst
A crypto analyst opined that XRP’s price “is likely to fluctuate between $0.50 and $0.80” for the rest of 2024 with strong emphasis on regulatory developments. Source: https://cointelegraph.com/news/ripple-sec-lawsuit-xrp-price-volatility-bitget-research-ryan-lee?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token
Blackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […] Source: https://news.bitcoin.com/blackrock-targets-3-trillion-crypto-derivatives-market-quietly-pushing-game-changing-token/