4 hours ago
The crypto seas just trembled—a $6.6 BILLION Bitcoin whale has stirred after years of dormancy. When these leviathans move, they don’t just make ripples… they create tidal waves across the market.
But who is this whale? Why now? And what could this mean for Bitcoin's next move? Let’s dive into this breaking development that has every trader, analyst, and HODLer watching closely.
🧠 The Awakening: 94,500 BTC Moved After 5+ Years
On-chain analysts confirmed a jaw-dropping transaction: a wallet containing 94,500 BTC—worth roughly $6.6 billion—moved funds for the first time since 2019. That’s pre-pandemic Bitcoin, bought at a fraction of today’s price.
This isn't your average whale.
This is a legacy address, possibly tied to early miners, institutions, or even an exchange cold wallet. But the timing and scale are what's making jaws drop.
Whether it's reallocation, institutional movement, or prep for ETF flows, one thing’s clear: the giants of crypto are waking up... and they’re not swimming quietly.
#BitcoinWhales #BTCAlert #CryptoNewss #cryptomarket #BTCVolatility
But who is this whale? Why now? And what could this mean for Bitcoin's next move? Let’s dive into this breaking development that has every trader, analyst, and HODLer watching closely.
🧠 The Awakening: 94,500 BTC Moved After 5+ Years
On-chain analysts confirmed a jaw-dropping transaction: a wallet containing 94,500 BTC—worth roughly $6.6 billion—moved funds for the first time since 2019. That’s pre-pandemic Bitcoin, bought at a fraction of today’s price.
This isn't your average whale.
This is a legacy address, possibly tied to early miners, institutions, or even an exchange cold wallet. But the timing and scale are what's making jaws drop.
Whether it's reallocation, institutional movement, or prep for ETF flows, one thing’s clear: the giants of crypto are waking up... and they’re not swimming quietly.
#BitcoinWhales #BTCAlert #CryptoNewss #cryptomarket #BTCVolatility
3 days ago
Mantra has issued a statement regarding the unexpected significant drop in the price of its OM token. The statement clarifies that the Mantra team has not engaged in any selling activities. The funds of the Mantra mainnet OM team and advisory team remain 100% locked, while the ERC-20 tokens are publicly circulating and not under team control. Currently, 77.5 million OM tokens are in circulation, with over 200,000 mainnet OM wallets.
The initial forced liquidation sales exerted downward pressure on the price, triggering automatic liquidation events on exchanges for leveraged positions using OM as collateral. This led to further liquidation and collateral seizure, adding additional downward pressure. Some major OM traders were liquidated by centralized exchanges.
Mantra plans to release details of an OM Token support plan, which will include a token buyback and supply destruction strategy. Mantra CEO John Patrick Mullin has publicly committed to destroying the tokens allocated to his team.
https://www.mantrachain.io...
The initial forced liquidation sales exerted downward pressure on the price, triggering automatic liquidation events on exchanges for leveraged positions using OM as collateral. This led to further liquidation and collateral seizure, adding additional downward pressure. Some major OM traders were liquidated by centralized exchanges.
Mantra plans to release details of an OM Token support plan, which will include a token buyback and supply destruction strategy. Mantra CEO John Patrick Mullin has publicly committed to destroying the tokens allocated to his team.
https://www.mantrachain.io...
4 days ago
🚨 BREAKING: Binance and KuCoin go down due to AWS data center outage.
Binance suspends withdrawals to keep user funds safe.
Binance suspends withdrawals to keep user funds safe.
5 days ago
"MANTRA community - we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details about what happened as soon as we can."
Link: https://x.com/MANTRA_Chain...
Link: https://x.com/MANTRA_Chain...
6 days ago
⚡️ TODAY: Binance founder CZ reminds the crypto community to focus on fundamentals, projects with users, revenues, and profits rather than chasing narratives.
Do you agree? 👇
Do you agree? 👇
7 days ago
🚨JUST IN:
New Hampshire and Florida Move Forward with Bitcoin Reserve Bills
Arizona and Texas have already passed similar bills through at least one chamber.
Governments holding bitcoin is a growing theme across the U.S., with several states proposing to invest a portion of public funds in the scarce digital asset.
Both bills specify that only digital assets with a market cap of over $500 billion qualify. Right now, bitcoin is the only one that meets that requirement, so it’s the only one the states can invest in.
#digitalasset #bitcoin #bitcoinreserve
New Hampshire and Florida Move Forward with Bitcoin Reserve Bills
Arizona and Texas have already passed similar bills through at least one chamber.
Governments holding bitcoin is a growing theme across the U.S., with several states proposing to invest a portion of public funds in the scarce digital asset.
Both bills specify that only digital assets with a market cap of over $500 billion qualify. Right now, bitcoin is the only one that meets that requirement, so it’s the only one the states can invest in.
#digitalasset #bitcoin #bitcoinreserve
7 days ago
🚨 Breaking News! 🚨
BlackRock's BUIDL Fund just smashed records, surpassing $2.3 BILLION in assets! 💰📈
This milestone makes it the largest tokenized treasury fund in the world — another massive leap forward for TradFi x Crypto 🔥
Source - https://thearabianpost.com...
#blackrock #BUIDL #cryptonews #Tokenization #defi #TradFi #Web3 #FinanceRevolution
BlackRock's BUIDL Fund just smashed records, surpassing $2.3 BILLION in assets! 💰📈
This milestone makes it the largest tokenized treasury fund in the world — another massive leap forward for TradFi x Crypto 🔥
Source - https://thearabianpost.com...
#blackrock #BUIDL #cryptonews #Tokenization #defi #TradFi #Web3 #FinanceRevolution
7 days ago
(E)
Optimistic Ethereum, now primarily referred to as Optimism or OP Mainnet, is a layer-2 scaling solution for Ethereum focused on improving transaction speed and reducing costs while maintaining security through optimistic rollups.
Here's the latest based on recent activity:
Superchain Expansion: Optimism is pushing its "Superchain" vision, a network of interoperable layer-2 blockchains built on the open-source OP Stack. Recent posts highlight integrations like Unichain, with incentives starting April 15, 2025, and Soneium's growth strengthening the ecosystem.
Retro Funding: Optimism continues its Retroactive Public Goods Funding (RetroPGF), rewarding developers and projects that contribute to Ethereum’s ecosystem. A recent call for applications for the next round closes April 27, 2025, emphasizing fair rewards based on impact, not marketing. Over 2 million OP tokens were allocated this month for dev tooling and onchain builders.
Performance and Governance: The OP token governs the Optimism Collective, a decentralized system driving ecosystem growth. As of early 2025, OP’s price is around $0.65-$0.69 USD, with a market cap of about $1.14 billion. Q4 2024 saw an 11.3% increase in total value locked (TVL) to $756.1 million, though price performance remained flat, causing a dip in market cap rank.
Open-Source Commitment: Optimism is doubling down on open-sourcing its tech, with 131 GitHub repositories and contributions like the OP Stack powering chains like OP Mainnet and Base. This aligns with their mission to scale Ethereum collaboratively.
https://x.com/optimism
https:
Here's the latest based on recent activity:
Superchain Expansion: Optimism is pushing its "Superchain" vision, a network of interoperable layer-2 blockchains built on the open-source OP Stack. Recent posts highlight integrations like Unichain, with incentives starting April 15, 2025, and Soneium's growth strengthening the ecosystem.
Retro Funding: Optimism continues its Retroactive Public Goods Funding (RetroPGF), rewarding developers and projects that contribute to Ethereum’s ecosystem. A recent call for applications for the next round closes April 27, 2025, emphasizing fair rewards based on impact, not marketing. Over 2 million OP tokens were allocated this month for dev tooling and onchain builders.
Performance and Governance: The OP token governs the Optimism Collective, a decentralized system driving ecosystem growth. As of early 2025, OP’s price is around $0.65-$0.69 USD, with a market cap of about $1.14 billion. Q4 2024 saw an 11.3% increase in total value locked (TVL) to $756.1 million, though price performance remained flat, causing a dip in market cap rank.
Open-Source Commitment: Optimism is doubling down on open-sourcing its tech, with 131 GitHub repositories and contributions like the OP Stack powering chains like OP Mainnet and Base. This aligns with their mission to scale Ethereum collaboratively.
https://x.com/optimism
https:
8 days ago
NEW: 🇺🇸 Florida's House Bill 487 unanimously passed the House Insurance and Banking Subcommittee, proposing to allow the investment of up to 10% of key public funds in Bitcoin.
8 days ago
From Pensions to Crypto: The Bold New Frontier of Retirement Investing
Pension funds are increasingly exploring investments in cryptocurrencies, particularly Bitcoin, as part of their diversification and growth strategies. This trend is evident across several countries:
United States: The Michigan State Retirement Fund invested approximately $6.6 million in the ARK 21Shares Bitcoin ETF in July 2024. Similarly, the State of Wisconsin Investment Board holds significant positions in the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. Jersey City's pension fund is also considering similar allocations.
Japan: The Government Pension Investment Fund (GPIF), the world's largest pension fund, is exploring Bitcoin as a potential diversification tool. In March 2024, GPIF initiated a five-year research plan to assess innovative investment strategies, including cryptocurrencies.
Norway: The Norwegian Government Pension Fund has invested indirectly in #cryptocurrencies by holding shares in companies like MicroStrategy, MARA (formerly Marathon Digital), Coinbase, and Block Inc., which have Bitcoin on their balance sheets. Analysts estimate that the Norwegian fund indirectly owns over 2,440 BTC.
Australia: In May 2024, AMP, one of Australia's largest pension funds, invested $27 million in Bitcoin, marking it as the first major Australian pension fund to adopt digital assets. This investment represents a modest 0.05% of AMP's $57 billion assets under management.
#crypto #pension #Fund
Pension funds are increasingly exploring investments in cryptocurrencies, particularly Bitcoin, as part of their diversification and growth strategies. This trend is evident across several countries:
United States: The Michigan State Retirement Fund invested approximately $6.6 million in the ARK 21Shares Bitcoin ETF in July 2024. Similarly, the State of Wisconsin Investment Board holds significant positions in the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. Jersey City's pension fund is also considering similar allocations.
Japan: The Government Pension Investment Fund (GPIF), the world's largest pension fund, is exploring Bitcoin as a potential diversification tool. In March 2024, GPIF initiated a five-year research plan to assess innovative investment strategies, including cryptocurrencies.
Norway: The Norwegian Government Pension Fund has invested indirectly in #cryptocurrencies by holding shares in companies like MicroStrategy, MARA (formerly Marathon Digital), Coinbase, and Block Inc., which have Bitcoin on their balance sheets. Analysts estimate that the Norwegian fund indirectly owns over 2,440 BTC.
Australia: In May 2024, AMP, one of Australia's largest pension funds, invested $27 million in Bitcoin, marking it as the first major Australian pension fund to adopt digital assets. This investment represents a modest 0.05% of AMP's $57 billion assets under management.
#crypto #pension #Fund
8 days ago
As $ETH dipped again, someone created a new wallet and accumulated 9,610 $ETH ($14.54M) ~9 hours ago.
First, they withdrew 5,000 $ETH from #Kraken , used it as collateral to borrow 7M $USDS on #Spark , then used those funds to buy another 4,610 $ETH at ~$1,518 — seemingly going long on $ETH.
https://platform.spotoncha...
First, they withdrew 5,000 $ETH from #Kraken , used it as collateral to borrow 7M $USDS on #Spark , then used those funds to buy another 4,610 $ETH at ~$1,518 — seemingly going long on $ETH.
https://platform.spotoncha...
9 days ago
LOBSTR Stellar Wallet
https://lobstr.co/
LOBSTR is a leading platform for managing Stellar Lumens and other assets issued on Stellar network.
With over 700 positive reviews LOBSTR is one of the most popular and trusted solution for Stellar.
Desktop & mobile
Manage your funds anytime and anywhere with our great mobile and web apps. Track prices and stay up to date with markets.
Safe and secure
LOBSTR provides highly secure storage for your Lumens and other digital assets, offering 2FA and multisig protection.
Simple & clean
Nice design, simple interface, clear instructions and helpful tips. LOBSTR is an easy way to get started with crypto.
https://x.com/lobstr
https://lobstr.co/
LOBSTR is a leading platform for managing Stellar Lumens and other assets issued on Stellar network.
With over 700 positive reviews LOBSTR is one of the most popular and trusted solution for Stellar.
Desktop & mobile
Manage your funds anytime and anywhere with our great mobile and web apps. Track prices and stay up to date with markets.
Safe and secure
LOBSTR provides highly secure storage for your Lumens and other digital assets, offering 2FA and multisig protection.
Simple & clean
Nice design, simple interface, clear instructions and helpful tips. LOBSTR is an easy way to get started with crypto.
https://x.com/lobstr
11 days ago
Ark Invest Sells Bitcoin ETF Shares Worth $12.4 Million
On April 7, Ark Invest revealed the sale of 159,496 shares of the ARK 21Shares Bitcoin ETF (ARKB) from its ARKW fund, with the transaction valued at approximately $12.4 million.
#bitcoin #ArkInvest #ETF
On April 7, Ark Invest revealed the sale of 159,496 shares of the ARK 21Shares Bitcoin ETF (ARKB) from its ARKW fund, with the transaction valued at approximately $12.4 million.
#bitcoin #ArkInvest #ETF
11 days ago
💵 Top Crypto Fundraising Rounds
💰 The largest fundraising round last month was led by Binance, securing $2B, which many sources have cited as the biggest capital raise in crypto history. It was followed by NinjaTrader with $1.5B, and Napster and MoonPay, each raising $200M. Walrus came next with a $140M raise.
🚀 Major investors such as Kraken, Infinite Reality, Galaxy, and Electric Capital participated in these rounds highlighting the ongoing growth and momentum within the crypto ecosystem.
💰 The largest fundraising round last month was led by Binance, securing $2B, which many sources have cited as the biggest capital raise in crypto history. It was followed by NinjaTrader with $1.5B, and Napster and MoonPay, each raising $200M. Walrus came next with a $140M raise.
🚀 Major investors such as Kraken, Infinite Reality, Galaxy, and Electric Capital participated in these rounds highlighting the ongoing growth and momentum within the crypto ecosystem.
13 days ago
🚨**URGENT ALERT: Bitcoin Address Poisoning Attacks on the Rise!**
Casa's Chief Security Officer Jameson Lopp is sounding the alarm about a growing threat to Bitcoin users: address poisoning attacks!
These sneaky attacks use fake addresses that mimic your historical addresses, tricking you into sending funds to the wrong destination.
According to Jameson's analysis, these attacks have been active since July 2023 and have already resulted in:
**48,000 related transactions**
**Losses exceeding $1.2 MILLION by March 2025**
To stay safe:
Double-check the complete address before sending funds
Avoid wallet interfaces that conceal the middle part of addresses
Protect your Bitcoin and stay vigilant!
#BitcoinSecurity #AddressPoisoning #CryptoSafety
Casa's Chief Security Officer Jameson Lopp is sounding the alarm about a growing threat to Bitcoin users: address poisoning attacks!
These sneaky attacks use fake addresses that mimic your historical addresses, tricking you into sending funds to the wrong destination.
According to Jameson's analysis, these attacks have been active since July 2023 and have already resulted in:
**48,000 related transactions**
**Losses exceeding $1.2 MILLION by March 2025**
To stay safe:
Double-check the complete address before sending funds
Avoid wallet interfaces that conceal the middle part of addresses
Protect your Bitcoin and stay vigilant!
#BitcoinSecurity #AddressPoisoning #CryptoSafety
1 month ago
$179 Million SPAC Launched by Trump Media Executives Eyes Crypto Market
📺Trump Media & Technology Group executives have launched a new Special Purpose Acquisition Company (SPAC) seeking $179 million to acquire U.S.-based #cryptocurrency and security technology companies.
💡Funding Structure---
Renatus Tactical plans to raise approximately $179 million through two channels:
1. Public Offering: Selling 17.5 million shares at $10 each
2. Private Placement: Offering 3.94 million warrants at $1 each
📺Trump Media & Technology Group executives have launched a new Special Purpose Acquisition Company (SPAC) seeking $179 million to acquire U.S.-based #cryptocurrency and security technology companies.
💡Funding Structure---
Renatus Tactical plans to raise approximately $179 million through two channels:
1. Public Offering: Selling 17.5 million shares at $10 each
2. Private Placement: Offering 3.94 million warrants at $1 each
1 month ago
North Korea has become the world's third-largest government holder of Bitcoin, following a massive cryptocurrency heist. Here's the detailed breakdown:
North Korea achieved this position through a massive cryptocurrency theft. On February 21, hackers affiliated with North Korea's Lazarus Group infiltrated Bybit, one of the largest cryptocurrency exchanges, stealing approximately $1.46 billion in Ethereum.
A significant portion of these stolen funds was subsequently converted into Bitcoin, boosting North Korea's total holdings to 13,562 BTC
#bitcoin #cryptocurrency #Heist #northkorea
North Korea achieved this position through a massive cryptocurrency theft. On February 21, hackers affiliated with North Korea's Lazarus Group infiltrated Bybit, one of the largest cryptocurrency exchanges, stealing approximately $1.46 billion in Ethereum.
A significant portion of these stolen funds was subsequently converted into Bitcoin, boosting North Korea's total holdings to 13,562 BTC
#bitcoin #cryptocurrency #Heist #northkorea
1 month ago
User Loses $304,000 Due to Mistaken Address Transfer
Scam Sniffer has reported that a user has lost approximately $304,000 in assets due to transferring funds to an incorrect address. The incident highlights the risks associated with digital transactions and the importance of verifying addresses before completing transfers.
Scam Sniffer has reported that a user has lost approximately $304,000 in assets due to transferring funds to an incorrect address. The incident highlights the risks associated with digital transactions and the importance of verifying addresses before completing transfers.
1 month ago
Trump's Crypto Reserve Plan: Understanding the Path to $500,000 Bitcoin
Standard Chartered analysts have suggested that a proposed "crypto reserve" plan by U.S. President Donald Trump could potentially drive Bitcoin prices to $500,000 if successfully implemented. This prediction highlights the significant impact such a policy could have on the #cryptocurrency market.
Reserve Implementation Details:
1. Current Holdings
- U.S. government already holds approximately 200,000 Bitcoin ($17 billion value)
- Assets obtained primarily through criminal seizures
2. Proposed Structure
- Will include five cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano
- No new taxpayer funding planned; utilizing existing seized assets
#bitcoin #standardchartered #crypto #Trump
Standard Chartered analysts have suggested that a proposed "crypto reserve" plan by U.S. President Donald Trump could potentially drive Bitcoin prices to $500,000 if successfully implemented. This prediction highlights the significant impact such a policy could have on the #cryptocurrency market.
Reserve Implementation Details:
1. Current Holdings
- U.S. government already holds approximately 200,000 Bitcoin ($17 billion value)
- Assets obtained primarily through criminal seizures
2. Proposed Structure
- Will include five cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano
- No new taxpayer funding planned; utilizing existing seized assets
#bitcoin #standardchartered #crypto #Trump
1 month ago
😥Victim Loses Over $43,000 Due to Address Error
Scam Sniffer monitoring has reported that approximately 50 minutes ago, a victim lost around $43,674. The loss occurred due to the victim mistakenly copying an address from a compromised transaction history.😨
Victim:
0x9a1d20a11aa522edfdb32cfe1b3e85e2d3057b5c
⚠️ Fake address:
0x4aAD6A0FcBA1d31AAB764f39e0404c48A87749a5
✅ Legitimate address:
0x4AAD75e0aa6f63cA2D37086dDC815725711749A5
https://etherscan.io/tx/0x...
🚨 Transaction History Poisoning:
1. Scammer sends fake transfer with similar address
2. Their fake address appears in your history
3. You copy address from history thinking it's legitimate
4. Funds get sent to scammer instead
Scam Sniffer monitoring has reported that approximately 50 minutes ago, a victim lost around $43,674. The loss occurred due to the victim mistakenly copying an address from a compromised transaction history.😨
Victim:
0x9a1d20a11aa522edfdb32cfe1b3e85e2d3057b5c
⚠️ Fake address:
0x4aAD6A0FcBA1d31AAB764f39e0404c48A87749a5
✅ Legitimate address:
0x4AAD75e0aa6f63cA2D37086dDC815725711749A5
https://etherscan.io/tx/0x...
🚨 Transaction History Poisoning:
1. Scammer sends fake transfer with similar address
2. Their fake address appears in your history
3. You copy address from history thinking it's legitimate
4. Funds get sent to scammer instead
1 month ago
⚡️Digital Asset Funds Experience Significant Outflows Amid Global Uncertainty
investors are increasingly withdrawing from digital assets as these investments face declining popularity due to rising geopolitical and economic uncertainties. Last week alone, global digital asset funds saw a loss of $1.7 billion, as reported by CoinShares. This brings the total outflow over the past five weeks to $6.4 billion. In the United States, bitcoin (BTC) exchange-traded funds (ETFs) have experienced the longest streak of weekly outflows since their debut in January 2024, with investors pulling out more than $5.4 billion during this period.
U.S. President Donald Trump has expressed support for cryptocurrencies, notably through the order to establish a Bitcoin Strategic Reserve. However, this support has not been sufficient to alleviate concerns stemming from tariff-induced trade tensions and monetary policy challenges. Despite the presidential backing, the digital asset market continues to face significant pressure.
Bitcoin has seen a substantial decline, dropping over 21% in the last three months to approximately $83,000. The broader CoinDesk 20 Index (CD20) has also suffered, losing around 34.6% of its value during the same timeframe. These figures highlight the ongoing volatility and uncertainty within the digital asset sector, as investors remain cautious amid the current global economic landscape.
#bitcoin #Trump #Outflows #ETF #BTC #bitcoinreserve
investors are increasingly withdrawing from digital assets as these investments face declining popularity due to rising geopolitical and economic uncertainties. Last week alone, global digital asset funds saw a loss of $1.7 billion, as reported by CoinShares. This brings the total outflow over the past five weeks to $6.4 billion. In the United States, bitcoin (BTC) exchange-traded funds (ETFs) have experienced the longest streak of weekly outflows since their debut in January 2024, with investors pulling out more than $5.4 billion during this period.
U.S. President Donald Trump has expressed support for cryptocurrencies, notably through the order to establish a Bitcoin Strategic Reserve. However, this support has not been sufficient to alleviate concerns stemming from tariff-induced trade tensions and monetary policy challenges. Despite the presidential backing, the digital asset market continues to face significant pressure.
Bitcoin has seen a substantial decline, dropping over 21% in the last three months to approximately $83,000. The broader CoinDesk 20 Index (CD20) has also suffered, losing around 34.6% of its value during the same timeframe. These figures highlight the ongoing volatility and uncertainty within the digital asset sector, as investors remain cautious amid the current global economic landscape.
#bitcoin #Trump #Outflows #ETF #BTC #bitcoinreserve
1 month ago
Blockchain investigator ZachXBT has reported on his personal channel that a probe into Tornado Cash asset theft has revealed North Korean hackers used the platform to mix coins on March 11. Following this, they allegedly purchased 437.6 billion PEPE tokens, valued at approximately $3.1 million, using part of the ETH funds.
Previously, Foresight News reported, based on Lookonchain monitoring, that three wallets made significant purchases of 689.79 billion PEPE tokens, totaling around $4.3 million. The funds for these transactions were also traced back to Tornado Cash.
#theft #HACK #pepe #memecoin #northkorea #tornadocash #Blockchain #ETH
Previously, Foresight News reported, based on Lookonchain monitoring, that three wallets made significant purchases of 689.79 billion PEPE tokens, totaling around $4.3 million. The funds for these transactions were also traced back to Tornado Cash.
#theft #HACK #pepe #memecoin #northkorea #tornadocash #Blockchain #ETH
1 month ago
BlackRock's Bitcoin ETF has increased its holdings by $47.5 million.
Recent on-chain monitoring data shared by Bitcoin Magazine on the X platform indicates that BlackRock's Bitcoin Exchange-Traded Fund (ETF), IBIT, has increased its Bitcoin holdings by approximately $47.5 million. This acquisition, which occurred just 55 minutes ago, has brought the total to 568.311 Bitcoins.
#bitcoin #blackrock #ETF #IBIT #BitcoinHoldings
Recent on-chain monitoring data shared by Bitcoin Magazine on the X platform indicates that BlackRock's Bitcoin Exchange-Traded Fund (ETF), IBIT, has increased its Bitcoin holdings by approximately $47.5 million. This acquisition, which occurred just 55 minutes ago, has brought the total to 568.311 Bitcoins.
#bitcoin #blackrock #ETF #IBIT #BitcoinHoldings
1 month ago
(E)
🚨 ALERT:
California has witnessed a dramatic surge in cryptocurrency and AI-related scams during 2024, with regulators identifying seven new types of fraud and recording substantial financial losses. Here's a comprehensive breakdown of the situation:
- 2,668 total complaints filed in 2024
- 42 crypto scam websites shut down by California DOJ
- $6.5 million total losses identified
- Average loss per victim: $146,306
New Types of Scams Identified:
1. Fake Bitcoin Mining Schemes
- Fraudulent investment opportunities in mining operations
- Promise unusually high returns
2. Crypto Gaming Fraud
- Users tricked into depositing funds
- Wallets drained immediately after deposits
3. Cryptocurrency Job Scams
- Require victims to transfer cryptocurrency
- Demand sensitive personal information
4. Private Key Theft
- Executed through fake airdrops
- Results in immediate asset theft
5. AI Investment Scams
- Offer unusually high returns
- Target AI market enthusiasm
Regulatory Response:
1. California Department of Justice (DOJ):
- Successfully dismantled 42 fraudulent websites
- Recovered $6.5 million in stolen funds
2. Department of Financial Protection and Innovation (DFPI):
- Shut down 26 fraudulent sites
- Uncovered $4.6 million in losses
Warning Signs of Scams:
Be cautious of websites featuring-
- Promises of unusually high returns
- No contact information available
- Offers of signup prizes
Crypto Scam Tracker:
https://dfpi.ca.gov/cons
California has witnessed a dramatic surge in cryptocurrency and AI-related scams during 2024, with regulators identifying seven new types of fraud and recording substantial financial losses. Here's a comprehensive breakdown of the situation:
- 2,668 total complaints filed in 2024
- 42 crypto scam websites shut down by California DOJ
- $6.5 million total losses identified
- Average loss per victim: $146,306
New Types of Scams Identified:
1. Fake Bitcoin Mining Schemes
- Fraudulent investment opportunities in mining operations
- Promise unusually high returns
2. Crypto Gaming Fraud
- Users tricked into depositing funds
- Wallets drained immediately after deposits
3. Cryptocurrency Job Scams
- Require victims to transfer cryptocurrency
- Demand sensitive personal information
4. Private Key Theft
- Executed through fake airdrops
- Results in immediate asset theft
5. AI Investment Scams
- Offer unusually high returns
- Target AI market enthusiasm
Regulatory Response:
1. California Department of Justice (DOJ):
- Successfully dismantled 42 fraudulent websites
- Recovered $6.5 million in stolen funds
2. Department of Financial Protection and Innovation (DFPI):
- Shut down 26 fraudulent sites
- Uncovered $4.6 million in losses
Warning Signs of Scams:
Be cautious of websites featuring-
- Promises of unusually high returns
- No contact information available
- Offers of signup prizes
Crypto Scam Tracker:
https://dfpi.ca.gov/cons
1 month ago
BREAKING: White House Rejects Cryptocurrency Transaction Tax Proposal
David Sacks, the White House crypto and AI czar, has rejected the idea of taxing every cryptocurrency transaction to strengthen the U.S. strategic Bitcoin reserve and digital asset holdings.
On a recent episode of the All In podcast, host Jason Calacanis proposed a 0.01% tax on each crypto transaction, to be paid in the asset being transferred, purchased, or sold.
Sacks expressed doubts, pointing out that taxes often begin small but tend to grow over time. He cited the U.S. income tax, which started with a limited scope but later expanded to affect far more people.
Sacks voiced concerns about the potential strain of new taxes, even if they’re initially presented as minor. Crypto investors also criticized the idea, especially the prospect of taxing transfers between wallets owned by the same person.
The White House Crypto Summit held recently didn’t delve into specific tax proposals, though the Trump administration has signaled interest in broad federal tax reform.
President Donald Trump has floated the idea of abolishing the federal income tax, favoring tariffs on imported goods as a revenue source instead. He highlighted the 19th century, when tariffs alone funded the U.S. government, as a time of notable economic success. U.S. Commerce Secretary Howard Lutnick backed this plan, proposing to replace the Internal Revenue Service (IRS) with an 'External Revenue Service.'
#cryptocurrency #Tax #Cryptotax #WhiteHouse #bitcoinreserve
David Sacks, the White House crypto and AI czar, has rejected the idea of taxing every cryptocurrency transaction to strengthen the U.S. strategic Bitcoin reserve and digital asset holdings.
On a recent episode of the All In podcast, host Jason Calacanis proposed a 0.01% tax on each crypto transaction, to be paid in the asset being transferred, purchased, or sold.
Sacks expressed doubts, pointing out that taxes often begin small but tend to grow over time. He cited the U.S. income tax, which started with a limited scope but later expanded to affect far more people.
Sacks voiced concerns about the potential strain of new taxes, even if they’re initially presented as minor. Crypto investors also criticized the idea, especially the prospect of taxing transfers between wallets owned by the same person.
The White House Crypto Summit held recently didn’t delve into specific tax proposals, though the Trump administration has signaled interest in broad federal tax reform.
President Donald Trump has floated the idea of abolishing the federal income tax, favoring tariffs on imported goods as a revenue source instead. He highlighted the 19th century, when tariffs alone funded the U.S. government, as a time of notable economic success. U.S. Commerce Secretary Howard Lutnick backed this plan, proposing to replace the Internal Revenue Service (IRS) with an 'External Revenue Service.'
#cryptocurrency #Tax #Cryptotax #WhiteHouse #bitcoinreserve
1 month ago
The Basics of Cryptocurrency for Beginners
Interested in cryptocurrency? This beginner-friendly guide explains the fundamentals of digital currencies such as #bitcoin and #ethereum , how blockchain technology works, and how you can get started. From creating a wallet to understanding market trends, this video covers everything!
#cryptocurrency #cryptobasics #CryptocurrencyforBeginners
Interested in cryptocurrency? This beginner-friendly guide explains the fundamentals of digital currencies such as #bitcoin and #ethereum , how blockchain technology works, and how you can get started. From creating a wallet to understanding market trends, this video covers everything!
#cryptocurrency #cryptobasics #CryptocurrencyforBeginners
1 month ago
Cardex Compensates Users After Security Breach
Blockchain card game #Cardex announced via X that it has distributed 94.85 ETH, approximately $215,000, to users affected by a recent security breach. The company also stated its intention to collaborate with law enforcement agencies to recover the stolen funds.
Previously, a related entity, attributed the security incident to a vulnerability in the third-party application Cardex, resulting in a loss of around $400,000.
#Securitybreach #cryptobreach #Blockchain #ETH #crypto
Blockchain card game #Cardex announced via X that it has distributed 94.85 ETH, approximately $215,000, to users affected by a recent security breach. The company also stated its intention to collaborate with law enforcement agencies to recover the stolen funds.
Previously, a related entity, attributed the security incident to a vulnerability in the third-party application Cardex, resulting in a loss of around $400,000.
#Securitybreach #cryptobreach #Blockchain #ETH #crypto
2 months ago
Hacker group Lazarus Allegedly Steal $3.1 Million In Fresh Crypto Heist
On February 28, an unidentified victim experienced a cyberattack by the North Korean hacker group Lazarus. The incident took place on the Tron network, leading to a loss of about $3.1 million. The stolen funds were then transferred from Tron to Ethereum, where they were allocated across ten different addresses before being deposited into Tornado Cash.
#Tron #ethereum #Lazarus #hacker #CryptoHeist #Heist
On February 28, an unidentified victim experienced a cyberattack by the North Korean hacker group Lazarus. The incident took place on the Tron network, leading to a loss of about $3.1 million. The stolen funds were then transferred from Tron to Ethereum, where they were allocated across ten different addresses before being deposited into Tornado Cash.
#Tron #ethereum #Lazarus #hacker #CryptoHeist #Heist
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10 months ago