Month: September 2024

Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says

According to the report published Monday, investment fraud was the most pervasive – and expensive – type of crypto-related fraud in 2023. Of the more than 69,000 reports of crypto-related crime the agency received last year, nearly half were reports of investment fraud, and investment fraudsters made off with a whopping $4 billion. And while crypto crimes only made up about 10% of the complaints the FBI received, the $5.6 billion figure was roughly half the overall loss by complainants. Source

Bitcoin Price (BTC) Bounces on Monday, but NYDIG Remains Cautious

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The fourth quarter remains a few weeks off, and between now and then, said Cipolaro, bitcoin bulls might only be able to look to factors outside of crypto for positive catalysts. Among them would be macro news like employment, inflation and Federal Reserve policies. There’s also the November presidential election, and while candidate Donald Trump has made very friendly overtures to crypto, far less is known about Kamala Harris’ position. Original

Bitcoin To Break $100K By 2025? Experts Analyze Potential ATH

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Este artículo también está disponible en español. With its overall market valuation down about 30% from its March 2024 record of $2.89 trillion, the cryptocurrency market is reaching a turning point. Investors are worried as the market cap as of September 8, 2024, is $1.93 trillion. Nonetheless, a recent BTC price forecast indicates that Bitcoin is anticipated to rise by 83.70% in the next three months, indicating possible comeback. Related Reading Although Bitcoin has lost a quarter from its all-time high of $74,000, analysts like Alan Santana think a major…

POPCAT, DOGS soar as Bitcoin reclaims $56k

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Popcat and Dogs are the two top-gaining tokens in the 100 largest cryptocurrencies by market cap as Bitcoin price climbs back above $56,000. The meme coins Popcat (POPCAT) and Dogs (DOGS) traded at $0.62 and $0.0011, with 19% and 16% in 24-hour gains respectively at the time of writing. Upside momentum meanwhile had pushed Bitcoin (BTC) price above $56,500 as bulls fought to recover from the dip that saw the leading digital asset trade near $53,300 on Sept. 7. Futures listing helps POPCAT, DOGS higher Most meme coins have struggled…

Americans lost over $5.6b in crypto scams in 2023, FBI says

Crypto-related scams and fraud surged last year, with losses skyrocketing 45% in 2023 compared to the previous year, according to a new FBI report. As crypto gains popularity in the United States, it also brings a rise in crypto scams. According to an FBI report released Sept. 9, the total losses to these scams exceeded $5.6 billion in 2023. In 2023, the FBI Internet Crime Complaint Center received more than 69,000 complaints from the public regarding financial fraud involving cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). Investment scams…

Cryptocurrency Scams Surge 45% in 2023, FBI Reports

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Losses from cryptocurrency scams in 2023 surged by 45% compared to the previous year, according to a recent report from the FBI. The total losses amounted to more than $5.6 billion, driven by scammers who exploited the speed and irreversibility of digital asset transactions. With the rise in popularity of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as the emergence of exchange-traded funds (ETFs) tracking their prices, the growth of the crypto market has attracted both legitimate investors and malicious actors. Why Cryptocurrency Scams Are on the Rise…

Bitcoin could top $80,000 if Trump wins election, Bernstein says

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As November’s Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, according to Bernstein. The flagship cryptocurrency has been stuck between $55,000 and $70,000 for most of the year — after reaching its all-time high in March — and is likely to remain in limbo until the U.S. determines its next president on Nov. 5. The outcome of the presidential election – whether former President Donald Trump or Vice President Kamala Harris were to win – could result in a sizable impact on bitcoin…

Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here’s When

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…