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Scottish Court Sets Precedent With Crypto-to-Cash Confiscation


Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely...

Trump’s Crypto Platform Hit by Scammers Promising $15,000 Giveaways


Former U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising...

Elon Musk Can’t Wait to Reform US Government Spending and Regulations


Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation...

Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom


Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices...

Turkey Seeks to Join BRICS to Strengthen Global Influence


Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity...

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case


The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality...

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