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Catherine Colivas, an Australian woman, pleaded guilty to kidnapping an unnamed Saudi Arabian royal in February last year as part of a Bitcoin scam that netted $40,000. However, she avoided jail time for her role in the scheme. Catherine Colivas Pleads Guilty To Saudi Arabian Royalty Scam The 24-year-old TikTok influencer previously pleaded guilty to…

MicroStrategy, a business intelligence company and one of the largest corporate holders of Bitcoin (BTC), is continuing to stack BTC despite the cryptocurrency surging to new all-time high prices above $106,000. MicroStrategy acquired 15,350 Bitcoin, valued at approximately $1.6 billion, bringing the company’s total Bitcoin holdings to 439,000 Bitcoin (currently over $46 billion), MicroStrategy co-founder,…

The Grayscale Bitcoin Trust (GBTC) has recorded $21 billion in outflows since its launch on January 11, according to the data posted by Farside. Currently, it is the only U.S. spot Bitcoin exchange-traded fund (ETF) with a negative net investment flow. Despite GBTC’s challenges, the overall spot Bitcoin ETF market has flourished, attracting more than…

Today, the XRP price has continued its recent stagnancy, falling just 0.52%. It seems that any attempt to garner significant upward momentum is stubbed, somewhat dampening bullish end-of-year projections for Ripple. Indeed, the week has seen just a 1% gain. With trading volume at a monthly low of $6.6 billion, XRP, like other notable altcoins,…

Solana has risen by 0.5% in the past 24 hours, with its move to $219.66 coming as the cryptocurrency market as a whole gains by the same percentage today. The alt is now down by 3% in a week and by 16.5% since reaching an all-time high of $263.21 on November 23, with SOL price…

Cryptocurrency exchange and Web3 company Bitget said it has obtained the Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank. The license from Banco Central de Reserva allows Bitget to provide a range of Bitcoin-related services, including Bitcoin-to-fiat currency exchanges, payment facilitation using Bitcoin, and secure custody for Bitcoin holdings. We’re excited to…

Bank Indonesia has achieved a significant milestone in exploring a central bank digital currency (CBDC). It completed the Proof of Concept (PoC) for the Wholesale Rupiah Digital (wRD) Cash Ledger. This achievement marks the conclusion of the first phase of Project Garuda, a groundbreaking initiative to develop a digital Rupiah. It aims to make the…

The Bitcoin-to-gold ratio, a key metric measuring Bitcoin’s purchasing power relative to gold, has reached a new all-time high (ATH) as Bitcoin’s price surges to record-breaking levels. Veteran futures trader Peter Brandt revealed the development in a Monday post on X, noting that the ratio had climbed to an ATH of 40 ounces of gold…

Digital asset investment products saw $3.2 billion in fresh investments in the past week, marking the 10th consecutive week of positive inflows. According to a report from CoinShares, the figure has pushed the total for 2024 to an impressive $44.5 billion, which is more than four times the total inflows recorded in any previous year….

New Zealand’s Financial Markets Authority (FMA) has issued a warning about an increasing wave of crypto scams targeting social media users. In a Monday warning, the watchdog said that the fraudsters operate primarily through YouTube channels and messaging platforms like WhatsApp and Telegram, where they lure unsuspecting users with promises of lucrative investment opportunities. Scammers…