Crypto World News

2024-04-20 20:14:57 Indian Man Pleads Guilty to Creating Spoofed Coinbase Website, Stealing $9.5M in Crypto

An Indian citizen pleaded guilty this week to U.S. charges that he created a fake version of Coinbase's website, letting him steal login credentials on the real thing and plunder more than $9.5 million of cryptocurrency from hundreds of victims. Chirag Tomar, 30, was arrested at the Atlanta airport on Dec. 20, 2023, while visiting family on a travel visa. He was charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. Both carry a maximum sentence of 20 years in prison.

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2024-04-20 19:23:28 Top 5 Daily Gainers & Losers

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2024-04-20 11:11:38 IRS draft tax form for crypto defines unhosted wallets as brokers

The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about crypto transactions and the parties involved in each transaction.

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2024-04-20 04:05:19 BREAKING: Bitcoin halving officially complete.

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2024-04-19 20:52:22 Bitcoin halving interest higher than ever with under 12 hours left to go

With less than 12 hours remaining until the next Bitcoin halving, online interest in the event has hit its highest rate, according to detailed tracking information provided by blockchain analytics platform Santiment. Santiment is tracking social volume and dominance around the event, with volume spiking to its second-highest level ever and dominance reaching a new all-time high at 3.87% of crypto social activity.

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2024-04-19 18:46:17 Top 5 Daily Gainers & Losers

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2024-04-19 09:31:44 BlackRock says rising inflation is driving Bitcoin adoption

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2024-04-18 20:32:39 Bitcoin to Hit $122,000 in 2024, Predicts Finder’s Latest Survey of Experts

Finder’s latest survey on bitcoin’s (BTC) price involved a unique panel of 31 crypto and fintech experts. The results suggest that BTC could reach a peak of $122,000 in 2024, and then settle at $109,000 by year’s end. Nick Ranga, the senior crypto and forex analyst at Forextraders, attributes the current uptick in BTC’s value to growing institutional engagement. Ranga is among those experts who foresee BTC reaching its zenith once more in 2024, ultimately closing the year around the $100,000 mark per unit.

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2024-04-18 08:50:49 Worldcoin to have its own Layer 2 blockchain called World Chain

Sam Altman's proof-of-humanity project Worldcoin , will soon begin utilizing its own Layer 2 blockchain meant to improve efficiencies as it onboards new users. The new Layer 2, called World Chain, will be secured by Ethereum, according to a statement. Additionally, users who have been verified as human will "enjoy priority blockspace over bots and some free gas," the statement also said.

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2024-04-17 19:34:58 Bernstein expects bitcoin’s bullish trajectory to resume post-halving, reiterates $150,000 target

Analysts at research and brokerage firm Bernstein expect bitcoin to resume its bullish trajectory post-halving, reiterating their target of $150,000 by the end of 2025. This view mirrors that of Bloomberg ETF analyst Eric Balchunas, who told The Block last month that making the spot bitcoin exchange-traded funds accessible on significant wirehouse platforms — which he identified as looking after between $7 trillion and $10 trillion in assets.

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