Crypto Scams Surge: $3.6B Lost
Pig butchering scams caused $3.6B in crypto losses in 2024, becoming the year’s most significant fraud scheme, per @Cyvers report. #Breaking #Crypto @Cyvers ↘ (-7)
Pig butchering scams caused $3.6B in crypto losses in 2024, becoming the year’s most significant fraud scheme, per @Cyvers report. #Breaking #Crypto @Cyvers ↘ (-7)
@Bitget announces the burn of 40% of its $BGB supply, valued at $6.7 billion, starting in 2025 to enhance token value and utility. #Update #Crypto @Bitget ↗ (+6)
Bitcoin’s landmark year sees @CryptoCom launch a new custody service amid Russia’s partial crypto mining ban and US taxes on staking rewards. #Update #Crypto @CryptoCom ↗ (+3)
Terraform creator Do Kwon will be extradited to the U.S., Montenegrin Justice Minister Bojan Božović confirmed, following a Supreme Court ruling. This decision impacts ongoing legal actions related to the Terra/Luna collapse. #Breaking #Legal @TerraformLabs ↘ (-7)
The 2024 crypto landscape was marked by bizarre meme coin antics, with developers engaging in extreme stunts to pump tokens, including self-immolation and fake kidnappings, while political figures like Donald Trump embraced crypto despite limited knowledge. #Update #Crypto @DecryptMedia ↘ (-3)
Ethereum ($ETH) is projected to see significant gains in Q1 2025, potentially reaching $10,000, driven by historical trends and reduced Bitcoin dominance. #Update #Crypto @Ethereum ↗ (+7)
Robert Kiyosaki predicts $BTC will hit $350K by 2025, urging self-custody over @BlackRock’s ETF amid $188.7M outflow, citing economic instability and price suppression by major players. #Update #Crypto @theRealKiyosaki ↗ (+6)
@MetaMask has launched its Gas Station feature to ease Ethereum transaction fees, integrating gas-included quotes into Smart Transactions with Swaps, enhancing user experience. #Update #Crypto @MetaMask ↗ (+4)
Montenegro’s Justice Minister approved Terraform Labs founder Do Kwon’s extradition to the US following a court ruling, highlighting international legal complexities in crypto. #Breaking #Legal @TerraformLabs ↘ (-6)
Howells’ legal battle to recover a lost $773M Bitcoin hard drive aims to fund blockchain innovation, as @VitalikButerin adopts Moo Deng, highlighting crypto’s evolving landscape. #Legal @Cointelegraph ↗ (+3)
Bitcoin’s rally stalled at $99,800, dropping to $95,300 as 10-year Treasury yields rise to 4.63%, impacting $BTC and @CoinDesk 20 Index. #Update #Crypto @CoinDesk ↘ (-3)
@OpenAI’s valuation hits $157B after @Microsoft investment, while @Google’s AI-first strategy boosts @GoogleOne to 100M subscribers; @Anthropic and @xAI secure $9B funding. #Update #AI @OpenAI ↗ (+7)
Dogecoin revisits $0.30 support, consolidating below $0.320; potential momentum if $0.3165 resistance clears. #Update #Crypto @Dogecoin ↘ (-2)
Biden’s New Crypto Rule Shakes Entire Industry – Full IRS Oversight Incoming: The U.S. Department of the Treasury and IRS mandate crypto platforms to report all transactions, sparking industry backlash and potential legal challenges. #Breaking #Legal @USTreasury ↘ (-7)