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Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT

13.11.2024
A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers,...

Russia-India Trade Nears 90% Dollar-Free — A Game-Changing Pivot

13.11.2024
The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the importance of expanding banking cooperation...

Blackrock Bitcoin ETF Overtakes Gold Trust — The Asset World Shaken

13.11.2024
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), launched in January, has now surpassed the Ishares Gold Trust (IAU) in assets under management (AUM). According to Factset, IBIT reached approximately $34.3 billion on Friday, overtaking IAU’s nearly...

Sam Altman Shares Optimism for Cryptocurrency’s Bright Future

12.11.2024
In a recent social media post, Openai CEO Sam Altman shared his optimistic outlook for the future of cryptocurrency, expressing confidence in the industry’s potential for growth and innovation. He emphasized the remarkable progress made at the blockchain ID company he co-founded, World...

Russia’s Gold Reserves Climb to $207.7B — A Shift in Global Strategy?

12.11.2024
Russia’s central bank reported a record high of $207.7 billion in gold reserves for October. Gold’s share in Russia’s total international reserves rose from 31.5% in September to 32.9%, the highest level since November 1999, when it reached 34%. Historically, the gold proportion peaked at 56.9%...

Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency

11.11.2024
Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline...

Dogecoin Soars Over 80% to Become Sixth Most Valuable Cryptocurrency

11.11.2024
Dogecoin (DOGE) has surged to become the sixth most valuable cryptocurrency, experiencing an impressive 80% increase in just seven days. The popular meme-inspired digital currency has surpassed Ripple’s XRP and USDC, achieving a market capitalization of over $41 billion, with a staggering...

ENS Domains Unveils Namechain: A Layer 2 Solution for the Ethereum Ecosystem

11.11.2024
ENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users. The team hopes...

How a ‘No Questions Asked’ Crypto Scheme Became a Federal Target

11.11.2024
A Danvers, Massachusetts man, Trung Nguyen, was convicted of money laundering and operating an unlicensed cryptocurrency business that converted over $1 million in cash to bitcoin. Through his company, National Vending, Nguyen ran a “no questions asked” cash-to-bitcoin service from 2017...

Analyst: Stock-to-Flow Model Forecasts $500K per Bitcoin

10.11.2024
In a recent social media post, cryptocurrency analyst Plan B expressed optimism for Bitcoin’s future, stating that after the ETF fake-out earlier this year, the cryptocurrency is now poised for a significant upward movement. He highlighted that his Stock-to-Flow model predicts an average...

Stealth Nation Reported to Be Purchasing Bitcoin Covertly

10.11.2024
Talks of an unidentified nation purchasing bitcoin in bulk surged on social media recently. David Bailey, CEO of BTC Inc. and one of President-Elect Trump’s campaign cryptocurrency aides, has reported on the possibility of an undisclosed country acquiring bitcoin outside the public eye....

The Fake Investigator Scam: Police Warn of Crypto Cons Draining Accounts

9.11.2024
A Pennsylvania State Police unit is advising the public of a new bitcoin scam targeting vulnerable individuals, particularly seniors. Scammers contact them through email, phone, or other electronic means, claiming there’s a fraudulent activity involving their personal information. Posing...

Final Call: DOJ Seeks Bitfinex Hack Victims to Come Forward by Nov. 13

9.11.2024
The U.S. Department of Justice (DOJ) has launched a website to gather information from individuals affected by the 2016 Bitfinex hack, where approximately 120,000 BTC were stolen. The site provides a platform for potential victims to assert their rights under the Crime Victims’ Rights...

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