Russia Loses $14.2M to Illegal Crypto Mining in 2024
Russian power grid company Rosseti Group reported that illegal cryptocurrency mining operations have caused over 1.3 billion rubles ($14.2 million) in damages across the country’s power grids in 2024. According to a report from state-owned news agency TASS, the largest losses were recorded in the North Caucasus grid, totaling over 600 million rubles. The Novosibirsk […]
Sonic Price Prediction: Will Rebranding Fuel a Rally to $2?
Sonic (formerly Fantom) continues its bullish momentum, defying broader market pullbacks and trading at $0.5861. Since the rebranding from Fantom to Sonic, the token has surged 30% last week and 10% this week, signaling a potential extended rally. 📌 Can this bullish momentum push Sonic’s price to the key $1 psychological level? Or is an […]
Solana Faces Bearish Pressure—Can It Hold the $164 Support?
Solana (SOL) is struggling under selling pressure, pushing its price deeper into a correction phase. After multiple failed breakout attempts, SOL is now approaching the critical $164 support level, a decisive zone that could determine its next major price movement. 📌 If SOL holds above $164, buyers could step in and trigger a recovery.📌 If […]
Pig Butchering Crypto Scams Surge 33% in 2024
A new Chainalysis report reveals that pig butchering crypto scams have increased by 33.2% in 2024, significantly contributing to the $9.9 billion in crypto-related fraud. 📌 These scams, also known as romance scams, involve fraudsters building trust with victims before tricking them into fake crypto investments. 📌 Most pig butchering operations originate from scam compounds […]
Solana Price Mirrors Ethereum 2024 Rally—Could SOL Hit $340?
A recent AMBCrypto analysis suggests that Solana (SOL) may be replicating Ethereum’s 2024 breakout pattern, setting the stage for a potential bullish surge. 📌 Ethereum previously rallied from $2,500 in December to $3,700 in March, following a double bottom formation. 📌 Solana’s current price action appears to mirror this pattern, stabilizing above $190 and signaling […]
Wisconsin’s Investment Board Increases Bitcoin Exposure
The State of Wisconsin Investment Board (SWIB) has doubled down on Bitcoin, increasing its holdings in BlackRock’s iShares Bitcoin Trust (IBIT), a move that highlights the growing adoption of crypto among institutional investors. 📌 A recent SEC filing reveals that SWIB now owns over 6 million shares of IBIT, valued at $335.9 million as of […]
Judge Grants 60-Day Pause in Binance vs. SEC Legal Battle
A U.S. district judge has granted a 60-day stay in the ongoing legal battle between Binance and the U.S. Securities and Exchange Commission (SEC), giving both parties time to assess new regulatory developments. 📌 Judge Amy Berman Jackson of the District Court of Columbia ruled on Thursday that the temporary pause will last until April […]
$400M in Crypto Ponzi Case as Estonian Fraudsters Plead Guilty
The U.S. Attorney’s Office for the Western District of Washington has secured $400 million in asset forfeiture as part of a guilty plea from two Estonian nationals who orchestrated a $577 million crypto Ponzi scheme. 🔹 Sergei Potapenko and Ivan Turõgin, both 40, pleaded guilty to conspiracy to commit wire fraud after deceiving investors through […]
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