Crypto News

Coinbase’s John D’Agostino said Bitcoin is no longer trading like a tech stock, but on fundamentals like scarcity and portability.Source link

Americans reported a record $9.3 billion in losses to cryptocurrency-related crimes in 2024, according to a report by the Federal Bureau of Investigation's (FBI) Internet Crime Complaint Center (IC3). The losses represent a 66% jump from 2023 and highlight the growing use of digital assets in online fraud schemes.The annual IC3 report says nearly 150,000 complaints linked to crypto, with investment fraud leading the way. In these schemes, scammers often pretend to offer high returns on fake cryptocurrency platforms, coaxing victims to transfer funds that are then siphoned away.The FBI also spotlighted “pig butchering” scams, where fraudsters build online relationships before pushing fake crypto investments. Crypto investment schemes led to $5.8 billion in losses, while the second-largest category by losses...

The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity. Bitcoin Mining Demand Might Spur Energy Collapse in Paraguay by 2029 Paraguay, aSource link

By Francisco Rodrigues (All times ET unless indicated otherwise)Bitcoin’s (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it’s hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC’s dominance keep growing.The market’s sell-off comes amid profit-taking and conflicting messages from the Trump administration over its trade war with China.Those comments cooled a rally that started after President Donald Trump signaled he would not remove Federal Reserve Chair Jerome Powell and suggested a softer stance on trade with China. That helped the price of bitcoin to approach $95,000 before it dropped back to $92,200.The pullback followed comments from Treasury Secretary Scott...

Bitcoin briefly dipped below $92,000 Thursday morning as a five-day streak of upward price action juddered to a halt.Source link