Day: February 22, 2025

Brazilian national faces sentence for $290m Bitcoin scheme

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A Brazilian citizen appeared in U.S. District Court in Seattle following extradition from Switzerland to face $290 million Bitcoin investment fraud charges. According to the press release from the US Department of Justice, Douver T. Braga pleaded not guilty to a 13-count indictment involving wire fraud and conspiracy related to the Trade Coin Club (TCC) scheme. Braga, 48, operated TCC from 2016 to 2021, primarily while residing in Florida. The platform, purportedly based in Belize, attracted over 126,000 members across 231 countries by promising returns through Bitcoin (BTC) trading software.…

Best Crypto to Buy as Kanye West Confirms Meme Coin Launch

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Este artículo también está disponible en español. Anticipation among both crypto enthusiasts and bettors remains high for a potential Kanye West meme coin. If it becomes a reality, which it should now that Kanye himself has confirmed the news, the token would almost certainly be one of the best cryptos to buy. The uproar has been caused by an alleged CoinDesk article, which all but confirmed Kanye’s meme coin ambitions. Rogue $YZY Token Rug Pulls As unfortunate as it is, an unregulated $YZY token started doing the rounds almost immediately…

Best Crypto to Buy as Odds of a Kanye West Meme Coin Spike 83%

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Anticipation among both crypto enthusiasts and bettors remains high for a potential Kanye West meme coin. If it becomes a reality, the token would almost certainly be one of the best cryptos to buy. The uproar has been caused by an alleged CoinDesk article, which all but confirmed Kanye’s meme coin ambitions. However, the market isn’t so sure anymore, as sources are saying CoinDesk received fake news. Nevertheless, the prediction market is seeing mind-blowing volumes ($18M+ at the time of writing) on the query of whether Kanye West will launch…

Safemoon’s Former CTO Pleads Guilty to Fraud

The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in […] Source CryptoX Portal

Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details

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Este artículo también está disponible en español. Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybit’s quick response and assurances have helped restore confidence, preventing a more aggressive selloff. Related Reading Despite the…

Dogecoin whales are making their move; which one will explode in 2025?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Dogecoin investors shift positions, attention turns to XYZ and Shiba Inu, with big gains expected. Large investors in Dogecoin are shifting their positions, igniting curiosity about the next potential surge in cryptocurrencies. With attention turning to tokens like XYZ and Shiba Inu, the question looms: which one is set to soar by 2025? The unfolding moves might reveal where the significant gains could be found. XYZ’s rise to…

Bitcoin’s Grip Tightens — CZ Says There’s “No Escape” from Crypto

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Este artículo también está disponible en español. A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community. The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump’s proposed Strategic Bitcoin Reserve. Related Reading Bitcoin Reserve Bill The proposal to create a US Strategic Bitcoin Reserve is gaining momentum as several US states passed legislation that seeks…

Bitcoin and Ether ETFs Debut on ASX as Betashares Partners With Bitwise

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The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Crypto Offerings With Bitcoin and Ethereum ETFs in Australia Betashares has officially launched its bitcoin and ether ETFs on the Australian Securities Exchange […] Original

VanEck research reveals if Strategic Bitcoin Reserve can pay off US debt by 2049

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Following Trump’s watershed speech at the Nashville Bitcoin conference in July 2024, Sen. Cynthia Lummis introduced her Bitcoin reserve bill, explicitly articulating that it is aimed to reduce U.S. debt. The new VanEck research reveals that if the act is adopted, Bitcoin may offset 18% of the national debt before the government gains the right to sell Bitcoin reserves. On Feb. 21, 2025, an investment management company VanEck released a tool indicating the potential impact of Strategic Bitcoin Reserve on U.S. debt at the specified conditions. It allows the government…

Strike Launches Callback Phone Support

Bitcoin payments firm Strike now offers callback phone support to its verified U.S. customers. “We know that sometimes a phone conversation is the most effective way to get the help you need,” the company said when it officially announced the service on Thursday, also calling it “the best support experience in bitcoin.” Phone support is […] Source CryptoX Portal