Crypto news

A disturbing trend emerges in the demographic profile of pig butchering scam victims. While older adults have historically been the main targets of financial fraud, these scams now focus on younger, tech-literate individuals. The latest data reveals that those aged 30 to 49 represent the majority of reported cases. Pig Butchering Scams A 2024 study by Cyvers analyzed 150 major crypto platforms, including exchanges, payment service providers, and banks, with a focus on the...

Rosseti Group, Russia’s power grid company, reported losses exceeding 1.3 billion rubles – which is worth around $14.2 million – in 2024 due to unauthorized cryptocurrency mining operations, also known as “black” mining firms. As per a report by state-owned news agency TASS, damages were widespread across the company’s electrical networks. Illegal Mining Strains Russia’s Energy Grid The most significant impact was recorded in the North Caucasus region, which amounted to over...

Cryptocurrency has shaken up the financial world in ways no one could’ve predicted. What started as a nerdy experiment has turned into a trillion-dollar market, with investors scrambling to find the next big thing. From digital gold to everyday payments, crypto has become an alternative investment instrument, challenging traditional finance at every turn. One name that’s buzzing in crypto circles right now? Qubetics. This Web3 innovator isn’t just another coin; it’s a full-blown...

Dubai, United Arab Emirates, February 23rd, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new API updating a black list of suspicious wallet addresses identified so far. The API will allow ethical security experts to race against time to streamline and expedite their efforts in recovering the compromised funds. The current list of addresses is the result of the tireless work of some of the best white hats and investigators the...

VanEck has predicted that the United States could reduce its national debt by $21 trillion in the next 24 years. The firm’s analysts believe that this could be achieved by creating a one million Bitcoin reserve over the next five years. VanEck’s Estimate According to the asset management company, a U.S. BTC reserve could slash the national debt if the crypto’s price increases to $21 million by 2049. This would represent around 18% of the total U.S. debt at that time. “If the...

The demand for bitcoin on US soil has seemingly disappeared, at least when it comes down to purchases through locally based exchange-traded funds. In fact, data from FarSide shows that February has been a particularly negative month for BTC ETFs, with withdrawals dominating most days. BTC ETFs See Mostly Outflows The launch of the 11 spot Bitcoin ETFs in the States last January was received with open arms by investors as they rushed to transfer their funds out of the...

The leading crypto derivatives trading platform, Bybit, has outlined potential challenges awaiting the Japanese yen carry trade in 2025 as the Bank of Japan (BoJ) implements policy changes and faces evolving economic conditions. According to the report, the yen’s status as a primary funding currency in the foreign exchange (FX) market could be questioned in the coming months. The evolving Japanese financial landscape could see an increased risk of rapid unwinding in yen carry...

Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable. Technical Analysis By Shayan The Daily Chart ETH recently found support at the critical $2.5K level and has since jumped toward the $3K region, revisiting the previously broken trendline of the descending wedge. However, this upward movement appears...

TL:DR Pi Network finally launched its Open Network earlier this week, alongside the PI token, but its price tumbled in a classic sell-the-news event. However, it has rebounded hard in the past 24 hours following strong speculation that it will be listed by the world’s largest crypto exchange. After years and years of development, rumors, delays, and speculations, Pi Network finally released its Open Network and native token for trading on February 20. Although the project...

TL;DR One analyst indicated that the second-largest meme coin has lost a crucial support line, and it could plunge by another 30% or even more in the near future. In contrast, another market strategist suggested that SHIB’s current price movements are a part of a large Inverse Head and Shoulders structure, which could lead to a 400+% surge. Ali Martinez was on the bearish side, claiming that SHIB’s most recent price declines – a 4% drop in the past week and over 23% since...