Author: James Wilson
The Istanbul Regional Court of Justice has overturned part of the conviction against Faruk Fatih Özer, the founder of the now-defunct cryptocurrency exchange Thodex. The court dismissed charges related to starting an organization to commit a crime but upheld his fraud and money laundering convictions, according to local reporting. Özer, who was sentenced to over 11,190 years in prison for allegedly defrauding more than 400,000 investors out of $2 billion, remains incarcerated. However, the appeals ruling means he will no longer serve time for organized crime-related charges. The court also ordered a retrial on certain aspects of the case, sending…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto scams are surging across the United States, with the FBI’s latest cryptocurrency report revealing that Americans lost a staggering $5.6 billion in 2023—a worrying 45% increase from 2022. Alarmingly, older adults, particularly those over 65, were hit hardest, collectively losing more than $1.6 billion. California has borne the brunt of these losses, recording the highest state total at $1.1 billion. What makes these losses even more striking is the volume of financial fraud complaints received by…
South Korea’s largest crypto exchange launches trading support for the Virtuals Protocol token on its platform on Jan. 31, catapulting it by 20%. In recent notice, Upbit announced that VIRTUAL (VIRTUAL) will debut on its platform on Jan. 31 at 20:00 KST. The token will be available for trading on Korean won, Bitcoin (BTC) and Tether (USDT) markets. The crypto exchange supports trading for VIRTUAL on the Base (BASE) network or VIRTUAL-Base. Shortly after Upbit announced that it will be adding the AI agent network’s token, VIRTUAL saw its price leap as high as 20%, from $2.04 to $2.40. However…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP whales offload token, driving prices down; meanwhile, Panshibi emerges as a promising new meme coin Over the last day, XRP whales have sold more than $300 million worth of XRP tokens, driving the XRP price into a nosedive in the market. The knock-on effect of large token outflows like this usually takes up to weeks and may even trigger other selloffs from other crypto investors. Analysts aren’t very bullish about the prospects of the XRP token. Holders of…
On Jan. 30, 2025, several crypto influencer accounts celebrated the solo miner who managed to solve a block and grabbed the entire reward of 3.146 BTC for themselves. However, it turned out that the hashrate of the solo miner was donated by the 300+ members in a fundraiser for 256 Foundation. Several X accounts and at least one news outlet wrote about a “lucky” solo miner who won the entire mining reward of over 3.1 BTC. The Bitcoin Historian account on X claimed that the $400 worth home miner managed to solve a block with a reward worth $330,000. Later,…
Satoshi Action Fund CEO Dennis Porter revealed North Dakota has introduced a bill that will protect the rights of Bitcoin miners and holders. In a recent post on Jan. 31, Porter said that North Dakota Representative Nathan Toman has introduced a bill to protect the rights of Bitcoin (BTC) users. “I can confirm that a bill to protect the rights of Bitcoiners has been introduced in the state of North Dakota by Rep. Toman,” wrote the Satoshi Act Fund co-founder and CEO. According to Porter, the bill is set to uphold four main principles related to Bitcoin rights. These include…
Automated trading fueled 70% of stablecoin transaction volume last year, with Base surpassing Ethereum due to bot-driven activity, a survey reveals. A new survey by crypto exchange CEX.IO, which cited Allium’s data, reveals that automated trading bots handled 70% of stablecoin transaction volume in 2024, based on an analysis of blockchain activity across Ethereum, Base, and Solana. Per the exchange, on average, 77% of 2024’s total stablecoin transaction volume fell into the unadjusted category, largely driven by bot transactions. Stablecoin transaction volume | Source: Allium The bot activity experienced a fourfold increase compared to 2023, increasing its share from 80%…
Compact Games NFT launches its collection of ‘virtual game CDs’ for traders to mint and run on desktop and mobile devices starting from Jan. 31. Available on the NFT marketplace Magic Eden, Compact Games offers traders a collection of 33 unique games to choose from, each with four kinds of rarities: standard, bronze, silver and gold. The games featured on the Compact Games NFT site have an arcade-style of gameplay, similar to the classic mobile games such as Candy Crush or Flappy Bird. Some of the titles shown are The Witch, Spirit Halloween, Shumii, and Moonsheep. Not only that, a…
With institutional involvement and shifting market dynamics, analysts believe Bitcoin’s bull market could outlast past cycles, extending past 2025. Bitcoin’s (BTC) future might break from its usual cycle, with analysts suggesting that past steep corrections could be a thing of the past. In an X post on Jan. 31, analysts at Singapore-based blockchain firm Matrixport suggested that with Wall Street stepping in, Bitcoin’s bull market could extend well beyond 2025. The largest crypto by market capitalization typically follows a predictable pattern: three strong years, followed by a sharp correction of at least 70%. But this time could be different, the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Cardano grapples with price stagnation, privacy-focused DeFi token 1Fuel gains traction, with experts predicting a 50x surge. Cardano (ADA) has been struggling with price stagnation despite its ambitious governance upgrades like the Plomin hard fork. Even though this development promises to bring more decentralized control and greater community involvement, ADA’s price continues to decline. As Cardano works to find its footing, the new DeFi player 1Fuel (OFT) is rapidly gaining traction. With its game-changing privacy features, 1Fuel is…