ZachXBT reports that Coinbase users lost $65M in a two-month scam spree, with attackers using phishing emails, spoofed calls, and fraudulent websites to steal funds. The total estimated losses from similar scams exceed $150M, highlighting ongoing security risks in the crypto space.
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Category: Cryptocurrencies
Bybit CEO Estimates Crypto Liquidations Far Exceed Reported Figures
In the wake of a substantial market downturn, Bybit CEO Ben Zhou has disclosed that crypto liquidations could be as high as $8 to $10 billion, surpassing earlier estimates. This revelation underscores the challenges in accurately reporting liquidation figures across platforms.
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South Korean City Unveils Solution to Seize More Tax Dodgers’ Crypto
The South Korean city of Gwacheon has announced it will use an IT solution to help it seize, freeze, and liquidate more crypto from tax-dodging residents.
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Bitcoin Miners Consider Hashrate Derivatives as BTC Price Rises
Bitcoin mining operations are increasingly adopting hashrate derivatives to hedge against revenue volatility. Industry leaders explain how these financial products provide liquidity, secure cash flows, and reshape mining economics. Experts discuss challenges and future implications for Bitcoin’s network and market.
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Coinbase Secures VASP Registration in the UK
Coinbase confirms its registration as a Virtual Asset Service Provider (VASP) under the UK’s Financial Conduct Authority, strengthening its presence in its largest international market and reinforcing regulatory compliance in the crypto sector.
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Moscow Plans to Turn Russian Far East into Crypto Mining Hub
The Russian Far East could become the nation’s newest crypto mining hub, with new and idle power centers ordered to start powering Bitcoin mining rigs.
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Trump Tariffs Stir Crypto Sell-Off With Ether Tumbling Over 26%
Trump’s new tariffs prompted crypto investors to cut risk, causing Ether to plunge 26% and Bitcoin to fall sharply below $100,000.
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India Reconsiders Crypto Policy Amid Global Adoption Shifts: Report
India’s ongoing crypto policy review suggests that the country would adjust to the global regulatory changes and shifts in crypto attitude.
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US Spot Bitcoin ETFs See $5B Inflows in January, Could Surpass $50B in 2024: Bitwise CIO
US spot Bitcoin ETFs saw inflows totaling nearly $5 billion in January, a strong start that could push them toward $50 billion or more by the end of the year, according to Bitwise CIO Matt Hougan.
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Thailand’s SEC to Launch Blockchain-Based Trading Platform for Digital Tokens
Thailand’s SEC is set to introduce a blockchain-based trading platform that will allow securities firms to trade digital tokens, marking a significant step in the country’s digital finance evolution.
The post Thailand’s SEC to Launch Blockchain-Based Trading Platform for Digital Tokens appeared first on Cryptonews. …