Day: January 7, 2025

Crypto Market Drops, $206M Liquidation Amid Bitcoin Drop

The cryptocurrency market experienced a significant downturn as approximately $206 million in positions were liquidated within an hour. Bitcoin led the decline, dropping 4% to a low of $97,207, which dragged the overall market cap down 4.5% to $3.44 trillion, according to Coinglass. Altcoins Follow Bitcoin’s Decline Bitcoin’s sharp drop caused ripple effects across the […]

Crypto Industry Booms Ahead of Trump’s Presidency

Ripple, the blockchain firm specializing in cross-border payments, is ramping up deals and hiring in anticipation of a crypto-friendly climate under President-elect Donald Trump. CEO Brad Garlinghouse announced on X that Ripple’s U.S. business activity in the last six weeks of 2024 exceeded its performance in the previous six months. While details remain under wraps, […]

Dogecoin Payments Rumored Ahead of X Money Launch

Talks about Dogecoin payments on X Money have intensified following recent developments. Leaked code suggests that the launch of X Money, the payment service tied to Elon Musk’s X platform, is imminent. Tech enthusiast Aaron recently revealed in an X post that X Money plans to launch in the U.S. without waiting for approval in […]

Spot Bitcoin ETFs Surge with $1 Billion Inflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded nearly $1 billion in inflows on January 6, driven by Bitcoin’s recovery to the $102,000 level. This marks the second consecutive day of significant inflows, with nearly $1.89 billion entering the funds over two days, according to data from SoSoValue. Inflow Breakdown by ETF Monday’s […]

Vietnam Crypto Mining Scam Defrauds 200 Victims

A criminal group in southern Vietnam, led by Tran Minh Quang and three accomplices, has been apprehended for orchestrating a fraudulent cryptocurrency mining scheme. The scam, operating under the name BitMiner, defrauded at least 200 victims of VND 4 billion ($157,300). The suspects were arrested in Dong Nai Province, near Ho Chi Minh City, following […]

Crypto-Linked Crimes Rise: Manhunt for Phuket Robbery Suspects

Thai authorities have launched a manhunt for two Russian suspects involved in a violent cryptocurrency-related robbery in Phuket. According to local reports, a 31-year-old Russian national was assaulted and robbed of $20,000 in a hotel in Karon, Phuket, over an unsettled crypto debt. The victim alleged that the mastermind, identified as Andrei, demanded repayment of […]