Cyprus Crypto Scam: Resident Loses €430,000 in Sophisticated Investment Fraud
A Limassol resident lost €430,000 after falling victim to fraudsters posing as investment platform representatives who gained access to their crypto wallet. The scammers lured the victim with false promises of $1.5M profits before authorities discovered the elaborate scheme.
Social Media Users Five Times More Likely to Invest in Cryptocurrency, Study Finds
A University of Georgia study reveals social media users are significantly more inclined to invest in cryptocurrency, with platforms like YouTube and Reddit leading the trend. The research highlights the influence of peer pressure and celebrity endorsements while raising concerns about misinformation risks.
Lost Bitcoin Fortune: $750M Hard Drive to Be Sealed in Welsh Landfill
A British man's desperate quest to recover 7,500 bitcoins worth $750 million from a Welsh landfill faces a final setback as local authorities prepare to permanently seal the site. The council plans to repurpose the area into a solar farm, forever burying what could have been one of the largest individual cryptocurrency fortunes.
Trump Cryptocurrency Launch Creates Early Winners and Many Losers
Early investors in Trump's cryptocurrency reaped massive profits up to $109 million while over 810,000 later buyers lost billions as the token crashed. The controversial launch has sparked investigations amid questions about Trump's involvement and regulation violations.
Coinbase Surpasses US Banking Giants with $420B in Crypto Assets
Coinbase has amassed $420 billion in customer assets under management, ranking as the 21st largest bank in the US by total assets. The crypto exchange's impressive growth and $273M profit showcase the rising dominance of digital asset platforms in traditional finance.
Kanye West Rejects $2M Crypto Scam Deal to Protect Followers
Rapper Kanye West reveals he declined a $2 million offer to promote a fraudulent 'Ye token' cryptocurrency targeting his fanbase. The incident highlights growing concerns about celebrity crypto endorsements and sophisticated scam tactics targeting high-profile influencers.
SEC Downsizes Crypto Enforcement Unit in Major Regulatory Shift
The SEC is significantly reducing its cryptocurrency oversight by reassigning over 50 staff members from its Crypto Assets and Cyber Unit. This restructuring aligns with the administration's push for lighter crypto regulation and includes new policies requiring commissioner approval for investigations.
Trump Administration Signals Crypto-Friendly Shift as SEC Crypto Unit Downsizes
The SEC's specialized cryptocurrency enforcement unit is being reduced from over 50 staff members, marking an early sign of the Trump administration's lighter regulatory approach. The restructuring aligns with Trump's executive order promoting crypto industry growth and reflects a significant shift from the previous administration's stricter oversight.
Crypto Revolution: 28% of American Adults Now Own Digital Assets
A groundbreaking study reveals that cryptocurrency ownership among American adults has surged to 28%, representing approximately 65 million investors. The research highlights shifting demographics, with Bitcoin leading adoption while concerns about security and market stability persist.
Ethereum Price Surge: Analysts Project $4,500 Target by Mid-March
Leading cryptocurrency analysts forecast Ethereum reaching $4,500 by mid-March, supported by technical indicators and institutional interest. BlackRock's recent acquisition of over 24,000 ETH and surging trading volumes signal growing market confidence despite January's price decline.