Author: Sahil Poudel

Hyderabad Woman Scammed Out of ₹77 Lakhs in Crypto Hustle

Summary: A woman from Hyderabad lost ₹77 lakhs, INR 7.7 million, to a fraudulent crypto scheme that seemed like a legitimate investment. The scammers hooked her with small returns, after which they withheld her “profits” and demanded more money.

Crypto scams are getting out of hand, and a 42-year-old woman from Hyderabad is the latest victim. The woman, lured by a Telegram gig in December 2024, started by completing simple tasks like liking YouTube videos and got ₹123 for each. It felt easy and legit—she even earned ₹22,000 over a month.

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The scammers, operating as “Digit Trade Private Ltd,” later hyped a VIP program for crypto investments, promising profits and even covering her losses. Sounds too good, right? That’s because it was. They showed her fake profits in a virtual account but blocked withdrawals, making her cough up more cash for “taxes” and “authorization.”

At one point, she was dropping ₹15 lakhs in a single day, convinced she’d hit the jackpot. But when withdrawals didn’t work and they kept asking for more, the penny dropped—she was scammed. By then, she’d lost her family savings.

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Police are investigating, but here’s the takeaway: stick to legit platforms, and if something feels too good to be true, it probably is.Hyderabad Woman Scammed Out of ₹77 Lakhs in Crypto

Silk Road Founder Ross Ulbricht Walks Free After Trump Pardon

Summary: On January 21 of this year, former US President Donald Trump pardoned Ross Ulbricht, the founder of the infamous Silk Road, for his alleged ‘ridiculous’ life imprisonment. He was set free on that night after serving 12 years in prison. Elon Musk tweeted, “Honored to witness this historic moment.”.

Ulbricht is the founder of Silk Road back in 2011; he was arrested in 2013 for operating the dark web platform responsible for facilitating drug transactions, weapon sales, and other criminal activities using Bitcoin. His sentencing of 40 years plus two life terms has long been debated by members of the crypto community. The activist Amir Taaki and the venture capitalist Tim Draper also voiced support for freeing him from prison.

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Trump’s pardon came after lobbying from Ulbricht’s mother and support from the Libertarian Movement; thus, it was a strategic move to win over the crypto community, which sees Ulbricht as a Bitcoin pioneer. Trump announced the pardon via Truth Social, stating the sentence was “crazy.

Ulbricht’s presence in Bitcoin was undeniable. Whatever the controversial activities he did, certainly he was the pioneer who showed Bitcoin’s potential and capability beyond what the traditional system can offer. This release brought about mixed feelings as debates on justice, freedom, and crypto’s position toward the future did.

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Dubai’s AI Seal: Boosting Trust and Innovation in Tech

Summary: Dubai just rolled out its “AI Seal,” a certification program designed to recognize and validate AI companies operating in the UAE. The goal? Build trust between AI companies, the government, and businesses while solidifying Dubai’s position as a global AI powerhouse.

The initiative, driven by Mohammed bin Rashid Al Maktoum and aligned with the “Dubai Universal Blueprint for AI,” aims to create a trusted network of certified AI providers. Companies that earn the AI Seal can flex it on their websites, marketing materials, and digital platforms, showing off their credibility and alignment with Dubai’s AI vision.

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Perks of certification include a leg up in government projects and a better shot at major national deals. Applications are free for Dubai-based AI firms and will be judged on things like their workforce expertise, current and future projects, and their collaborations with public and private sectors.

“This initiative will spark major partnerships and unlock new opportunities in AI, benefitting the economy and society,” said Khalfan Belhoul, CEO of Dubai Future Foundation.

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The AI Seal isn’t just about tech—it’s about building a future where AI is innovative *and* trustworthy, ensuring Dubai stays ahead in the AI race while fostering global and local talent.

SEC Launches Crypto Task Force: A New Era of Regulation

Summary: In a move, the U.S. Securities and Exchange Commission, the SEC, said it will be creating a dedicated task force to come up with rules on crypto assets for good. Commissioner Hester Peirce is tapped to lead the effort, said acting Chair Mark T. Uyeda. It is quite a change from their traditional mode of operation which is chasing after problems.

The new task force is diving deep into crafting clear rules for crypto, from registration protocols to disclosure policies and enforcement measures. Richard Gabbert, a key advisor to Uyeda, will be Chief of Staff, while Taylor Asher steps in as Chief Policy Advisor.

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Peirce, also known as “Crypto Mom” in the blockchain world, made it clear this won’t be a quick fix. “We’re gonna need all hands on deck—investors, industry players, academics—everyone,” she said. The team plans to host public roundtables to get those vibes straight from the community.

For anyone passionate about crypto, this is your chance to actually shape the future. The SEC seems serious about not just dropping rules from above but listening to what people have to say. It’s still early days, but this task force could be a game-changer for the crypto scene.

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Trader Loses $1M in 2 Hours on BARRON Coin—Classic FOMO Fail

TL;DR: A trader blew $1 million in just two hours chasing the hype around the BARRON memecoin, mistakenly linked to Barron Trump. Turns out, it was all a pump-and-dump scam, and the token’s value tanked.

Here’s the tea: The trader bought BARRON at its peak, hoping to cash in on the buzz. The coin shot up 90% in a minute but nosedived just as fast, wiping out its value. People assumed it was tied to the Trump family because of the name, but nope—zero connection. Lookonchain even posted the receipts on X, warning folks not to trade based on FOMO.

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This isn’t the first time Trump-related tokens caused chaos. Recently, Donald Trump himself dropped the $TRUMP token, which blew up, followed by the $MELANIA coin today. Both had traders scrambling, but here’s the kicker: $MELANIA’s launch tanked $TRUMP’s price as traders switched tokensThen $MELANIA dropped too, falling from $17 to $7 in hours.

Moral of the story? Not every meme coin is a golden ticket. Watch FOMO traps, or you may just end up with our $1M trader—holding a bag of nothing.

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‘Transaction Simulation Spoofing’: The New Crypto Scam You Need to Know

Crypto scams just keep getting sneakier. The latest scheme on the block? ‘Transaction simulation spoofing.’ Scammers are setting up fake websites that look just like legit platforms for transaction simulations, tricking users into handing over their crypto.

Transaction simulations, or ‘dry runs,’ let you preview a transaction’s outcome before confirming it—basically a safety net. But these scams hit where it hurts: they’re targeting people trying to be safe.

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Here’s the play: scammers build sketchy sites that promise transaction simulations with a little ETH reward for using their ‘claim’ function. While users wait for the transaction to go through, the scammers quickly alter the smart contract. Once signed, boom—their wallets get drained. One unlucky user lost 143.45 ETH (nearly $460,000). Ouch.

How do you dodge this? Don’t fall for random ‘free claim’ services and always double-check websites. Tools like ScamSniffer on Chrome are clutch for keeping your crypto secure.

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The crypto space lost $494M to scams last year—wild, right? But remember, crypto’s still a safe bet if you stick to trusted platforms (like Binance for new tokens) and stay smart. At the end of the day, vigilance is your best friend in this game. Stay sharp out there!

Solana Slips to $230 After ATH Surge, Still Up 40% This Week

Solana has continued to ride the crypto rollercoaster with pure class. Coming from an all-time high of $295 down to where it currently hangs loose at $230, on a downward spiral across markets, SOL is still up a whopping 40% from last week. Yeah, that’s what made the difference-keeping its spot as a top contender in the crypto game.

The hype kicked off with the launch of the $TRUMP meme coin—a mega-move on the Solana blockchain. This coin isn’t just any meme coin; it dropped with a jaw-dropping $10 billion market cap and has everyone talking. Alongside Solana legends like Raydium, Jupiter, and Bonk, $TRUMP is giving Solana major clout.

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Crypto Twitter went crazy when Trump’s 2024 presidential win boosted the coin’s buzz. He’s pushing to make the U.S. the “crypto capital,” and Bitcoin’s price is vibing with that energy too, doubling recently.

With the $MELANIA coin and other projects popping off, Solana is proving it can ride the biggest cultural waves. Some stans are even calling for SOL to hit $300 soon. Whether it’s meme coin chaos or FOMO, Solana is still making major moves. Stay tuned—it’s looking spicy out there.

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TL;DR: Solana’s down but definitely not out. Catch the vibes and watch the ride.

Crypto ‘Godfather’ and LA Deputy Plead Guilty to Major Crimes

A crypto mogul known as “The Godfather” and a Los Angeles deputy are about to face some serious time after they pleaded guilty to a bunch of federal charges, including conspiracy, wire fraud, and tax evasion.

Those taking part in the shadowy scheme included extortion, intimidation, and abuse of law enforcement powers for personal gain, putting 24-year-old Adam Iza and 41-year-old LASD deputy Eric Chase Saavedra behind bars. Iza was previously used to hanging out in fancy neighborhoods such as Bel Air and was arrested this September 2024 while Saavedra was pulling strings with his private security company.

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Iza hired off-duty deputies, paying them up to $100K/month to intimidate his rivals.He used his badge to steal confidential police data and even procured sham search warrants against individuals. The most distressing of these was the attempted armed robbery in January 2022 to steal a $100M crypto laptop.

Iza defrauded millions, too, using hacked Facebook ads to finance their operations, and evaded more than $6.7M of taxes in 2021. Saavedra failed to report $373K in income that very same year.

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Iza is facing up to 35 years; Saavedra’s looking at up to 13. Both are expected in court in the next several days.

Rumble Dives Into Bitcoin with $20M Crypto Plan

Rumble, the Tether-backed, Nasdaq-listed video-sharing app, just made its first-ever Bitcoin buy. CEO Chris Pavlovski dropped the news on Friday, January 17, confirming that the company officially kicked off its $20M Bitcoin investment strategy.

While Pavlovski didn’t spill the exact amount of Bitcoin they snagged, he made it clear this is just the beginning. The goal? Strengthen Rumble’s reserves with the OG crypto. Pavlovski called Bitcoin a boss move against inflation and pointed to its growing fanbase in the corporate world as a reason to stack sats.

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Rumble is now part of a bigger trend, joining companies like MicroStrategy and Marathon Digital in using Bitcoin to beef up their treasuries. For investors, it’s giving “Bitcoin ETF vibes” but with added spice.

With 67 million active monthly users, Rumble is carving out its own space as a YouTube alternative, thanks to its chill content moderation rules. And last December, Tether dropped a massive $775M investment into the platform, fueling its glow-up.

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Oh, and Rumble’s crypto flex doesn’t stop here. It also teamed up with El Salvador on cloud services, doubling down on its blockchain bromance.

This move? Peak “we’re in our Bitcoin era” energy.

Saif Ali Khan Inspires Memecoins After Mumbai Incident

In a wild turn of events, Bollywood star Saif Ali Khan is now the face of not one, but three memecoins, created just 72 hours after a recent attack on the actor in Mumbai. Yep, you read that right—crypto bros wasted no time turning this into a digital trend.

These coins popped up on pump.fun, a platform where anyone can make a token about literally anything. The first one, Justice for Saif Ali Khan (Khan), has a market cap of $7.4K and has sparked 28 posts from users rallying behind the actor.

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The second coin, Saif Ali Khan Al Robot (SaifKhanAI), also sits at $7.4K, combining his name with a nod to AI tech—because why not? Lastly, there’s another Justice for Saif Ali Khan (Saif) coin with the same $7.4K market cap but way less hype so far.

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While these coins probably won’t hit Dogecoin or Shiba Inu status, they’re proof that crypto culture moves at the speed of memes. From Bollywood dramas to politics, like Trump’s recent TRUMP coin, anything can be turned into a digital asset. For now, Saif’s memecoins are a quirky mix of fan support and Gen Z humor in the ever-random world of crypto.

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