The Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit has reportedly apprehended 14 individuals involved in a $12.8 million (16 billion won) crypto mining scam. The operation’s ringleader, a man in his 40s identified only by his surname Lee, went to extraordinary lengths, including undergoing plastic surgery, to avoid detection by law enforcement. Mastermind Had...Read More
In a concerning trend, TRM Labs found that illicit activity at crypto ATMs is significantly higher than in the broader crypto industry. This has prompted law enforcement and regulators across the world to leverage blockchain intelligence to investigate fraud and financial crime involving these machines. Increasing Illicit Activity at Crypto ATMs According to the latest...Read More
The old Twitter joke about laser-eyed Bitcoin maxis being “psychopaths” may be more than just a meme. Yet another peer-reviewed study has found that crypto holders are more likely to exhibit “dark tetrad” personality characteristics than the general population, among other quirks. Are Bitcoin Holders Really Psychos? Published July 3, researchers from the University of...Read More
The cryptocurrency market took a massive hit in August 2024, losing over $310.94 million to a series of devastating hacks, scams, and exploits, according to the data shared by the on-chain security firm CertiK Alert. This substantial crypto loss in a single month was the second-largest loss so far in 2024, while the biggest $324.7...Read More
Bitcoin’s price fell below $60,000 on Tuesday and Wednesday after posting big gains over the weekend following the Fed’s pivot to lower interest rates. The spot price briefly peeked over $65,000 before coming back down. But Bloomberg’s McGlone is bearish despite the market’s moves. He thinks BTC’s apparent lack of enthusiasm might signal a slow-going...Read More
The demand for bitcoin (BTC) in the United States has been increasing following Federal Reserve chair Jerome Powell’s comments at last week’s Jackson Hole symposium. However, this increase has not extended to the rest of the crypto market. According to a CryptoQuant report, BTC rallied on the back of rising investor interest in the U.S.,...Read More
It’s safe to say that the highly-anticipated 2024 bitcoin bull run is not going as planned, even though the asset managed to break its 2021 all-time high early on. However, it has lost some traction and speed on the way toward the coveted $100,000 mark, but Perplexity listed some of the factors that could propel...Read More
As Bitcoin holds the $59K mark, the minor stability in the broader market puts the AI token on a bullish path. Despite last week’s failed attempt, the FET price regained bullish momentum and is expected to continue with an uptrend next month. Will the uptrend in Fetch.AI surpass $1.50? FET Price Performance With a bullish...Read More
The U.S. Securities and Exchange Commission (SEC) has brought charges against two brothers for running a $60 million Ponzi scheme. Notably, the complaint was filed on August 26 in the United States District Court for the Northern District of Georgia in Atlanta. SEC Freezes Assets in Scam According to the regulator’s filing, Jonathan Adam and...Read More
