Ukrainian Police Bust Crypto Scam That Raked In Up to $1M Monthly

·1 views

Ukrainian law enforcement has dismantled a cryptocurrency scam operation that was generating up to one million dollars per month. Authorities identified at least 62 individuals who fell victim to the fraudulent scheme. Investigators also determined that more than 46 Ukrainian nationals were involved in running the alleged operation. The takedown marks a significant enforcement action against organized crypto fraud activity in the country.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Better and Coinbase Offer Bitcoin-Backed Mortgages With Locked Collateral Terms

Better Mortgage has partnered with Coinbase to offer home loans backed by bitcoin as collateral. Under the arrangement, Better Mortgage retains the right to reuse the pledged bitcoin during the loan period. Borrowers are unable to reclaim their cryptocurrency until the underlying conventional mortgage is either fully paid off or refinanced. The structure raises notable considerations for borrowers regarding control and access to their digital assets throughout the loan term.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Data Shows Missing Bitcoin's Best Days Devastates Long-Term Returns

A historical analysis of Bitcoin's price performance spanning 2010 to 2026 reveals that most of the asset's annual gains are concentrated in a very small number of trading days. This pattern suggests that investors who attempt to time the market risk missing the brief but critical windows when Bitcoin delivers its largest returns. Crypto experts argue that a simple buy-and-hold strategy consistently outperforms active trading approaches as a result. The findings reinforce a growing consensus that staying invested over the long term is the more reliable path to capturing Bitcoin's upside.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Dollar-backed stablecoins may weaken local currencies, Bank of Korea study warns

A new study by the Bank of Korea has found that dollar-backed stablecoins can exert downward pressure on local currencies. The research focuses on trading activity on Binance, where buying pressure in stablecoin-paired currencies shows a correlation with local currency depreciation. The mechanism appears to be driven by market makers rebalancing their positions in response to stablecoin demand. The findings raise concerns about the broader macroeconomic impact of stablecoin adoption in emerging and developing economies.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

UK Law Firm Recovers $4.5M in Bitcoin for Investor Who Thought Funds Were Lost

A British investor who believed he had lost around $2,000 worth of Bitcoin in 2012 has recovered funds now valued at approximately $4.5 million. The recovery was facilitated by UK-based CEL Solicitors, which specializes in cryptocurrency asset recovery. The firm identified a wallet containing more than 5,500 BTC linked to former users of Intersango, an early Bitcoin exchange. The case highlights how dormant crypto assets from the early days of Bitcoin can still be traced and reclaimed years later.

0 comments Read more at CoinDesk