Author: Sahil Poudel

Crypto.com Names Al Hakim President for UAE Operations

Summary: Crypto.com has leveled up its game in the UAE by appointing Mohammed Al Hakim as the president of its regional operations. With his impressive track record and passion for innovation, Al Hakim is set to steer Crypto.com’s growth in one of the world’s hottest crypto hubs.

A Big Win for UAE’s Crypto Scene

Crypto.com isn’t just making waves; it’s making history. Mohammed Al Hakim is not only the first Emirati to snag such a prestigious role at the company but also a trailblazer in the entire crypto industry. His job? To lead Crypto.com’s expansion in the UAE and across the GCC. From working with government agencies to amping up blockchain initiatives, Al Hakim’s got his hands full—and he’s ready to deliver.

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Crypto Meets Innovation

Al Hakim brings over 10 years of experience in partnerships and business development. This dude helped rake in $800 million in foreign investments for Dubai and bagged sponsorship deals worth millions for government projects. He’s also part of the Mohammed Bin Rashid Center for Leadership Development, which basically means he’s been groomed to lead and innovate on the big stage.

Crypto.com’s Power Moves in the UAE

This appointment is just one of Crypto.com’s many flexes in the region. Recently, they launched an AED Wallet for local deposits and partnered with Mastercard for a prepaid crypto card. Add to that the UAE ranking third in the MENA region for crypto transactions ($30 billion in a year), and it’s clear: Crypto.com is going all-in on the UAE.

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Al Hakim summed it up best: “The UAE’s forward-thinking approach to crypto is unmatched. I’m hyped to drive innovation and bring more value to our users in the UAE and GCC.”

Small Towns in India Are Killing It in Crypto

Summary: India’s no stranger to online market and cryptography as India’s small cities are also getting involved and getting well versed in blockchain technology, turning heads even with high taxes and a lack of clear regulations. From meme coins to Bitcoin, these towns are proving that the crypto buzz isn’t just for metro elites.

Small Towns, Big Moves

Forget Mumbai and Delhi; places like Patna, Jalandhar, and Guwahati are where the real crypto action’s at. According to The Times of India, these Tier 2 and 3 cities are brimming with young investors who are all about Bitcoin and meme coins like Dogecoin and SHIB. Despite the 30% tax on gains and the annoying 1% TDS rule, these crypto enthusiasts aren’t sweating it. They’re in it for the thrill, the gains, and let’s be real, the clout.

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The Meme Coin Mania

Meme coins are the MVPs here, making up about 13% of India’s total crypto investments. Dogecoin, with its Elon Musk-approved vibes, is a crowd favorite, while SHIB dominates trading. It’s no surprise that most of these investors are under 35 they’ve grown up in the digital age and are all about YOLO-ing their way into the future of finance.

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Crypto vs. Taxes: The Showdown

Sure, the Indian government isn’t making it easy. With sky-high taxes and no proper regulatory framework, the crypto space feels like the Wild West. But that hasn’t stopped these young hustlers. They’re navigating the chaos, staying hyped about what’s next, and proving that even small towns can make big crypto waves.

Are Terrorists Using Trump’s Crypto Venture? Here’s What’s Up

Summary: Trump’s new crypto project, World Liberty Financial, is already in hot water. Allegations are flying that groups like Hamas and Hezbollah are using the platform for shady deals. To make things messier, Tron a blockchain hyped for being cheap and speedy is tied up in the chaos too.

Tron’s Caught in the Crossfire

World Liberty Financial recently partnered with Tron, and things seemed chill until now. Tron’s quick and low-fee transactions made it a hit, but it’s being called out for allegedly helping fund terror groups. Israeli authorities have already frozen 186 Tron wallets, saying they were linked to Hamas, Hezbollah, and other sketchy organizations.

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What’s the Vibe Now?

This whole situation is a major L for Trump’s crypto ambitions. Tron’s $30 million investment in World Liberty Financial could backfire big time. While Israeli officials are cracking down, groups like Hamas are staying quiet.

Bitcoin ETFs Flip Gold ETFs – Crypto’s the Main Character Now

Summary: For the first time ever, Bitcoin ETFs have flexed past gold ETFs in assets under management (AUM). With $129 billion in AUM, Bitcoin is proving it’s not just vibing it’s taking over the game.

Bitcoin Leaves Gold in the Dust

Bitcoin ETFs just pulled off the ultimate glow-up. In less than a year, they’ve hit $129 billion in AUM, overtaking gold ETFs, which have been grinding for over 20 years. This isn’t just a mic drop it’s a loud statement that crypto is no longer the underdog. Big money’s moving, and it’s clear Bitcoin’s the new favorite child of institutional investors.

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BlackRock’s Crypto Flex

BlackRock’s iShares Bitcoin Trust (IBIT) is the MVP, repping nearly $60 billion in assets. That’s more than its gold ETF sibling. While gold still holds a tiny edge in spot ETFs ($125 billion vs. Bitcoin’s $120 billion), the gap is so close it’s basically a photo finish. Let’s just say gold’s sweating while Bitcoin keeps its cool.

The Crypto Wave is Just Starting

Bitcoin ETFs now own 1.1 million BTC more than Satoshi Nakamoto’s OG stash. And 2025? Analysts say it’s gonna be even wilder with new ETFs, possibly mixing Bitcoin, Ether, and even altcoins. With inflation and global chaos driving people toward “safe” assets, Bitcoin’s becoming the Gen Z of finance bold, disruptive, and absolutely unbothered.

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Bitfinex Says Bitcoin Could Hit $200K by 2025

Summary: Crypto fam, it’s time to buckle up Bitfinex analysts are predicting Bitcoin might hit a wild $200K by mid-2025. If BTC plays it like 2017, we’re talking $290K by early 2026. LFG!


$200K Isn’t Just Hopium

According to Bitfinex, Bitcoin is on a solid trajectory to smash at least $145K by summer 2025, with a real shot at hitting $200K if things line up. What’s driving the hype? Massive institutional money pouring in and the unstoppable rise of Bitcoin ETFs. U.S. spot Bitcoin ETFs alone have snagged $36 billion this year, making them one of the biggest BTC whales with over 1.13 million coins in their stash.

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The Halving Glow-Up & Mega Investors

Here’s the alpha: post-halving years are historically Bitcoin’s glow-up era. Bitfinex pegs late 2025 as the market’s likely peak about 450 days after the next halving. Plus, giga-chads like MicroStrategy keep gobbling up Bitcoin like it’s Black Friday. They just stacked another 15,350 BTC, bumping their holdings to a casual $1.5 billion. No biggie.

U.S. Gov Getting in on the Action?

The real tea? There’s talk that a potential Trump administration could start a U.S. Bitcoin reserve. Senator Cynthia Lummis is already hyped about pushing BTC legislation. If Uncle Sam jumps on the bandwagon, it’s game over for the bears.

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With institutional FOMO, ETF adoption, and halving vibes, Bitcoin’s ride to $200K might just be closer than you think. Are you in?

ITAT Rules Crypto as Capital Assets – What It Means for Indian Investors

Summary: India’s Income Tax Appellate Tribunal (ITAT) just dropped a bombshell ruling, clarifying how crypto gains will be taxed especially for transactions that happened before April 2022.

Capital Gains, Not Extra Income

The ITAT has officially labeled cryptocurrencies like Bitcoin and Ethereum as capital assets. Translation? Profits made from selling crypto before April 2022 will be taxed as capital gains, not as income from other sources.

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For long-term HODLers who’ve held their crypto for over three years, profits will fall under long-term capital gains (LTCG), meaning a lower tax burden. For instance, if you bought Bitcoin for Rs 5.05 lakh in 2015 and sold it for Rs 6.69 crore in 2020 yep, that massive profit is LTCG and taxed at favorable rates.

Post-April 2022 – The Game Changed

Here’s where it gets spicy: after April 2022, profits from crypto are taxed at a brutal flat 30% rate, regardless of how long you’ve held. So, those big gains? Uncle Sam (or, in this case, India’s taxman) will take his cut.

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This ruling gives much-needed clarity to Indian crypto investors navigating the tax maze. Pro tip: Keep those transaction records spotless tax season just got real.

Nigeria cracks down on crypto romance scams, arrests nearly 800 scammers

Summary: Nigeria’s anti-graft agency busted a massive crypto scam operation in Lagos, arresting 792 suspects. The scammers used fake online romances to trick people into shady crypto “investments” and steal their cash.

A Hub of Crypto Heartbreaks

In what sounds like something straight out of a movie, Nigerian authorities raided a building in Victoria Island, Lagos, where nearly 800 scammers ran what’s called *crypto romance scams*. Their playbook? Pretend to fall in love with victims online, gain their trust, and then pressure them into “investing” in fake crypto projects. Once the cash rolled in, these scammers ghosted faster than a bad Tinder match.

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Global Targets, Sneaky Tactics

These scammers primarily targeted Americans, Canadians, Europeans, and even some Mexicans, luring them via WhatsApp, Instagram, and Telegram. The hustle started small, with victims paying “activation fees” as low as $35 to set up fake accounts. The raid revealed just how international this operation was 148 Chinese nationals, 40 Filipinos, and individuals from Kazakhstan, Pakistan, and Indonesia were caught.

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Seized Devices and Organized Crime Links

Wilson Uwujaren, spokesperson for Nigeria’s Economic and Financial Crimes Commission, confirmed that phones, laptops, and cars were seized. Authorities are now teaming up with international agencies to dig deeper into potential ties to organized crime. Stay alert love and crypto don’t always mix well.

Fake Uber Driver Busted for Swiping $300K in Crypto

Summary: A man from Arizona did something unforgivable as he disguised himself as an ordinary Uber driver but behind that mask he was a filthy thief who got caught red-handed after stealing over whopping $300,000 in crypto from unsuspecting innocent passengers.

Crypto Heist on Wheels

Scottsdale Police have arrested Nuruhussein Hussein, who’s now facing serious felony charges for theft, fraud, and money laundering. According to reports, he’d fake being an Uber driver, pick up victims, and casually ask to “check directions” or “connect the Uber app” on their phones. While the unsuspecting passengers handed him their devices, he’d quickly access their crypto wallets, swipe private keys, and transfer funds straight to his own account.

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High-Tech Trickery, Big-Time Losses

Hussein didn’t just stop at simple swipes he used advanced techniques to move the stolen crypto to untraceable wallets. Most victims didn’t even realize their money was gone until it was far too late. By the time they sobered up or checked their balances, the digital cash was long out of reach.

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Facing the Music

The scammer is now behind bars in Maricopa County Jail, and both police and the Secret Service are on his case. Hussein faces multiple charges of theft, fraud, and money laundering, with a court bond hearing set for December 18. Let this be a PSA: hold onto your phones, especially after a night out.

Ledger Wallet User Loses $2.5M in Bitcoin and NFTs to Phishing Scam

Summary: A Ledger wallet user has lost 10 Bitcoin and $1.5 million worth of NFTs after hackers exploited a phishing transaction from 2022. This incident highlights the importance of vigilance in securing crypto wallets and avoiding phishing traps.

The $2.5M Crypto Wipeout

A crypto user, known as “Anchor Drops” on X, shared their loss of 10 Bitcoin and $1.5 million in NFTs from their Ledger Nano S wallet. The attack was traced back to a phishing transaction they unknowingly approved in February 2022. The hacker stayed under the radar for nearly three years before draining the funds.

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How the Hack Proceeded

Blockchain security experts confirmed that the phishing transaction gave the hacker access to the user’s recovery phrase, allowing them to take control across multiple blockchains. Ethereum-based NFTs were targeted first, but the attacker also managed to drain Bitcoin holdings, leaving the community puzzled about how it happened.

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Staying Safe in Crypto

Ledger and blockchain experts stress the importance of reviewing token approvals and understanding wallet interactions. Phishing scams often rely on users overlooking small details. The takeaway? Be hyper-cautious with transactions and never share your recovery phrase—because even a hardware wallet can’t fix user mistakes.

Bitcoin Smashes $106K After Trump’s Crypto Shoutout

Summary: Bitcoin just broke another one of its own record and broke $105K and just hit an all-time high of $106,488, thanks to a Trump-fueled crypto hype train. The former U.S. president’s plans to create a “Bitcoin reserve” have crypto investors buzzing, pushing BTC to insane new levels.

Trump’s Crypto Love Sparks FOMO Frenzy

Bitcoin’s record-breaking rally kicked off after Donald Trump dropped the mic at the New York Stock Exchange, announcing his intention to make Bitcoin part of America’s strategic reserve. “We’re gonna do something great with crypto… we want to be ahead,” Trump said, sending Wall Street and retail investors into a frenzy. Add in the BITCOIN Act from Senator Cynthia Lummis, proposing the U.S. buy 1 million BTC to tackle debt, and you’ve got FOMO hitting peak levels.

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Global Bitcoin Rush Heats Up

It’s not just the U.S. making moves. Russia’s jumping on the Bitcoin bandwagon too, with President Putin calling BTC unstoppable and a solution to sanctions. Russian Finance Minister Anton Tkachev even floated the idea of a Bitcoin reserve. Meanwhile, MicroStrategy flexed hard by dropping $2.1 billion on 21,550 BTC, bumping their stash to 423,650 coins—biggest corporate holder flex, period.

Bitcoin Miners Crushing It

On the tech side, Bitcoin’s hashrate is off the charts, climbing to 804 EH/s this year—an insane leap from 128 EH/s. Miners have raked in $71.5 billion so far, proving BTC isn’t just hype, it’s a powerhouse.

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Crypto’s never been this lit. Are you riding the wave or watching from the sidelines?

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