Pig butchering scams have emerged as a major threat in 2024, costing victims $3.6 billion, with scammers targeting Ethereum users through long-term manipulation and fraudulent investment schemes, according to a report by Cyvers.
The post Pig Butchering Crypto Scams Cost Victims $3.6B in 2024: Report appeared first on Cryptonews. …
Author: Jessica
Cambodia’s Central Bank Greenlights Stablecoins and Backed Coins, Excludes Bitcoin
Cambodia has permitted commercial banks and payment institutions to offer services involving Category 1 crypto assets, such as backed or stable cryptocurrencies.
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Solana Price Dips 3% With $3.5 Billion Volume – Is $300 Still Within Reach?
Solana dips 3%, trading at $190.75 with a $3.5 billion volume. Explore its market highlights, DEX dominance, and Bitget Wallet’s latest features.
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Fake Zoom Link Targets Crypto Users, Leads to Multi-Million Dollar Theft: SlowMist Warns
A recent report by SlowMist reveals that a sophisticated phishing attack using fake Zoom links has led to multi-million dollar thefts from crypto users, with hackers distributing malware that compromises sensitive information and drains assets.
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Montenegro Approves Do Kwon’s Extradition to the US for Prosecution
Montenegro has approved the extradition of South Korean crypto entrepreneur Do Kwon to the U.S., concluding lengthy legal disputes over his role in the $60 billion collapse of the Terra-Luna blockchain.
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Crypto Community Reacts To New IRS DeFi Reporting Rules
The crypto community is pushing back against new DeFi tax guidelines brought forward by the IRS on Friday.
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XRP to Overtake BTC and ETH Crypto Analyst Points to $1.5 Trillion Market Cap
One crypto analyst on X shared on Wednesday an investment thesis that sees the market cap of XRP surging to as much as $1.56 trillion if the token’s dominance continues to scale up in the following months. Egrar Crypto, a technical analyst whose X account is followed by nearly 70,000 fans people, emphasized that Ripple […]
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Japan, Russia Rule Out National Bitcoin Reserve ‘For Now’
The governments of Japan and Russia have ruled out creating national Bitcoin (BTC) reserves in the near future.
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Remembering the ‘kind leader’ who led India with a steely resolve
A man of few words, Singh led the country from the front – but was deeply misunderstood along the way.
Georgia’s pro-Western president refuses to leave and prepares for showdown
Salome Zourabichvili’s term is due to end on Sunday, but she says she is her country’s last legitimate institution.