Author: Anshul

Trader Turns $1M Loss into $2.5M Profit with PIPPIN

Cryptocurrency trading often delivers fortunes or losses in the blink of an eye. One recent example is a PIPPIN trader who reversed a $1 million loss into an astounding $2.5 million profit, earning the admiration of the crypto community. Turning Losses into Life-Changing Gains In early November, the trader invested 5,441 SOL (approximately $1.15 million) […]

Germany’s Central Bank Stresses Need for Digital Euro

Burkhard Balz, a member of the executive board of Germany’s central bank, has emphasized the importance of the digital euro in safeguarding Europe’s financial autonomy. In an interview with Süddeutsche Zeitung, Balz outlined the initiative’s critical role in bolstering Europe’s resilience in a digitalized and globally competitive environment. Balz explained that the digital euro would […]

FTX Denies Backpack’s FTX EU Acquisition Claims

FTX.com and the FTX Recovery Trust have called out Backpack’s claims of acquiring FTX EU, describing them as misleading and unapproved. In a press release dated January 7, 2025, Backpack alleged that it had acquired FTX EU and would assist with customer repayments. However, FTX swiftly debunked these assertions, providing clarity on the actual ownership, […]

South Korea to Ease Institutional Crypto Trading Rules

South Korea is poised to relax restrictions on institutional cryptocurrency trading, signaling a significant shift in policy as the government aims to bolster the nation’s crypto industry. The Financial Services Commission (FSC) announced plans to grant institutions access to local crypto exchanges in phases, starting with non-profit organizations, according to a Yonhap News Agency report. […]

Pakistani Trader Kidnapped for $340K Crypto

A Pakistani cryptocurrency trader, Mohammed Arsalan, was abducted in a scheme allegedly involving local law enforcement officers. Arsalan was released only after transferring $340,000 in cryptocurrency from his Binance account to his captors. According to a report by local news outlet Dawn, the crime has led to seven arrests, including a member of the Pakistani […]

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 […]

Metaplanet Targets 10,000 BTC by 2025

Metaplanet, a Japan-based corporation, has set its sights on becoming a major player in the Bitcoin space, aiming to increase its holdings to 10,000 BTC by the end of 2025. CEO Simon Gerovich highlighted the company’s disciplined approach to capital market tools and its commitment to Bitcoin as a strategic reserve asset. Closing 2024 with […]