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Crypto Scammers Are Targeting the Elderly in America Scammers are sliding into DMs, pretending to be cops, and even threatening grandmas and grandpas with bogus jury duty fines or jail time. Then they’re making the elderly head to a BTM (Bitcoin transaction machine) to convert stacks of cash into crypto, only to send it to a wallet that’s impossible to trace. In 2024 alone, Georgia cops have dealt with thousands of cases - average loss? $10K. Reminder: crypto's an open field, but don’t let it be a wild west for fraudsters. Stay alert, stay smart. Source: Mario Nawfal
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AUSTRALIA CRACKS DOWN ON CRYPTO ATMS AUSTRAC’s got their eyes on 1,200 crypto ATMs, cracking down on exchanges that let criminals use them for money laundering and scams. The agency’s setting up a whole task force to make sure these machines aren’t just cash cows for fraudsters. With 400 exchanges under AUSTRAC’s watch and crypto's market hitting crazy highs, anyone in the game needs to tighten up or risk serious penalties. Don’t sleep on compliance - Australia’s taking no prisoners.
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RISE OF THE UNDERDOGS: $XRP , $DOGE , AND RCOF ABOUT TO EXPLODE XRP’s up 86% this week after Ripple linked up with Pledge1Percent. 2025? $10 and beyond if the SEC battle swings their way. DOGE's been cruising, riding Bitcoin's wave - experts are calling $3 by 2025. But here's the biggest gem - RCOF. This AI-powered DeFi platform is about to go wild. Entering Stage 4 at $0.07, and it's primed to shoot to $1 by 2025. Analysts are predicting it will surge by as much as 1,200%, as it has real tech and utility to fuel its hype.
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MicroStrategy’s (MSTR) Bitcoin buying spree has earned more than $17 billion in unrealized profits, according to data from MSTR Tracker. Originally a software company, MicroStrategy has bought upward of $23 billion worth of $BTC since 2020 as part of founder Michael Saylor’s unconventional corporate treasury strategy, according to MSTR Tracker, a Microstrategy database. Those buys paid off. On Dec. 4, the price of $BTC surpassed $100,000 per coin for the first time in history, and MicroStrategy’s BTC treasury is now worth more than $40 billion, the data shows. Source: CoinTelegraph
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Phantom boasts the largest on-chain wallet user base in the web3 landscape with about 7 million monthly active users. Exceeding 560 million total on-chain transactions this year alone, Phantom is making waves with its standout features like staking, in-app token swaps, NFT storage, multichain support, and seamless Ledger hardware wallet integration. This development marks a pivotal moment for the $SUI network, as it becomes the first blockchain beyond Solana($SOL ), Bitcoin, and Ethereum to gain support from this innovative wallet. Phantom’s integration is set to empower Sui users with a robust and secure wallet solution. It will be also be accessible as a browser extension across Chrome, Firefox, Edge, and Brave and as a mobile app for iOS and Android devices. “We’re excited to bring Sui support to millions of Phantom users,” said Brandon Millman, CEO of Phantom. He underscored that Sui’s thoughtful approach to scalability and developer-focused solutions aligns with their commitment to high-performing blockchains. Phantom Wallet’s integration with the Sui network is a significant step towards enhancing interoperability, demonstrating the growing interest in multichain futures among wallet providers and dApp developers Source: CoinPedia
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