Cryptocurrency - Page 48 of 151

Hope ! Coinbase Turns the Tables with $20M Bounty After Insider Ransom Attempt

Coinbase Doesn’t Pay Up — They Pay Back

So here’s the plot twist: Coinbase just said no to a $20M ransom and turned the threat into a $20M bounty.

The breach didn’t come from some elite hacker. Nope — it was rogue support agents overseas who took bribes to leak user data. Real inside job. The compromised info? Names, phone numbers, emails, and in some cases, ID photos. Passwords, private keys, and money? Untouched.

Even though less than 1% of users were affected, the damage was real. The scammers used the stolen data to try and extort Coinbase for $20 million in Bitcoin. Coinbase clapped back hard.

From Victim to Vigilante: The $20M Flip

Instead of caving, It fired the insiders, went public with everything, and is now offering a $20M bounty to anyone who helps track and convict the extortionists. CEO Brian Armstrong confirmed no funds were moved and It Prime accounts were never in danger.

The company also pledged to reimburse users scammed via phishing and is now making major security upgrades — like launching a U.S.-based support center and tightening internal access controls.

They’re also pushing users to be on high alert. If someone says they’re from Coinbase and asks for your password, seed phrase, or crypto — it’s a scam. Always.

In a space where silence is the norm, Coinbase’s transparency and counterstrike are rare — and refreshing.

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Breaking !Coinbase’s 1,000-Job Offer: A Fresh Start for DOGE Task Force Veterans

It’s giving career pivot vibes. After a Fox News clip of a former DOGE staffer venting about social backlash went viral, Coinbase CEO Brian Armstrong slid into X with a wild invite: join Coinbase’s fast lane hiring.

DOGE (no, not the meme coin—this one’s a deregulation task force under Musk + Trump) has been in hot water for mass layoffs, failed $2T budget cuts (they only hit $160B), and making its own staff social pariahs.

The viral video showed Ethan Shaotran, a Harvard dropout, saying “most of the campus hates me now.” Armstrong responded:

“If you’ve done your proof-of-work at DOGE, come help build a better financial system at Coinbase.”

He even promised an accelerated hiring pipeline just for them. Major CEO move.

Meanwhile, Musk is catching flak from all directions—Tesla profits nosedived in Q1 2025 (-71%!), and some of his EV stuff got attacked IRL.

Moral of the story? Being part of Team Elon might not be the flex it used to be.

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3 Bitcoin Miner Stocks Ranked: WULF & MARA Fly High, IREN Super Undervalued

Yo, mining stocks just got exposed. Thanks to on-chain sleuths at CryptoQuant, we now have a crystal-clear peek into the real-time revenue of top Bitcoin miners—like MARA and WULF—who are sitting on 4.4× price-to-sales flexes. Meanwhile, Iris Energy (IREN) is out here grinding hard and still getting no love from investors.

CryptoQuant pulled it off with a slick labeling trick that tracks miner wallets, turning daily Bitcoin block rewards + fees into actual revenue estimates. Basically, they just gave TradFi tools a glow-up for the crypto age.

Turns out, WULF and MARA are way overpriced (maybe riding hype?), while IREN is quietly building and staying undervalued. So yeah—huge alpha drop here for anyone looking to long undervalued plays or hedge the overhyped ones.

Bottom line? Real-time data = real-time strategy. You’re not flying blind anymore. CryptoQuant just handed serious edge to anyone paying attention. Don’t sleep on this new way to play the crypto equity game.

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Why Bitcoin Could Earn ‘Asset Class’ Status at $500K, Says Scaramucci in Bold Prediction

Bitcoin Still Needs the $500K Moment to Earn Asset Class Status

Bitcoin's price as of Scaramucci's prediction

At Consensus 2025, Bitcoin wasn’t just trending — it was being redefined. Anthony Scaramucci, CEO of SkyBridge Capital, dropped a hot take that echoed across the conference: BTC needs to hit $500,000 before the world starts calling it a real asset class.

Scaramucci broke it down with a finance-insider lens. “Three trillion is like a mag 7 stock. Twenty trillion is an asset class,” he said. His point? Market cap and perception go hand in hand — and BTC still has some stairs to climb.

The panel was stacked with names: Jonathan Steinberg (WisdomTree), Pasqual St-Jean (3iQ), and Andy Baehr (CoinDesk Indices) all joined the convo. The vibe? Bitcoin’s growing up, but it’s still not sitting at the grown-up table.

They agreed BTC is gaining real institutional cred, but price alone won’t cut it. Public awareness, infrastructure, and ease of access are just as important.

BTC vs. The Rest of Crypto

St-Jean made a key point: not all crypto is created equal. While Bitcoin’s getting attention, governance and utility tokens are harder sells to institutions. “They’re like, ‘What am I actually owning?’” he said.

Bottom line? Bitcoin’s not fully there yet, but it’s on the runway. If the $500K prediction plays out and infrastructure keeps improving, we might be looking at the next global asset class in real time.

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South Korea Busts $540K Crypto Scam Ring; 25 Arrested in Fake Exchange Fraud

ICYMI, South Korea just cracked down on a fake crypto scam investment ring that scammed people out of 734M won (~$540K USD). Police in Jeju nabbed 25 scammers running four sketchy “crypto advisory” call centers that promised sky-high returns.

These fraudsters played pro, acting like crypto team leads and guiding victims to sign up on fake exchanges. Victims were shown fake dashboards with phony profits, making it look like they were winning big. Spoiler alert: they weren’t. These crypto scams really went out of hand.

Once people tried cashing out? Crickets. Funds frozen. Scammers gone.

Of the 25 caught, 20 are now in custody. The rest? Facing charges. But cops think more victims are out there—so this could get even bigger.

Pro tip: If someone slides into your DMs promising fast crypto gains, it’s probs a trap. Always DYOR (Do Your Own Research).

Meanwhile, in a twist, all three South Korean prez candidates are vibing with Bitcoin ETFs and crypto investment. Wild times for Korean crypto.

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5 insane Altcoins Outshining Bitcoin This Week Amid Surprise Market Shift

Altcoins Are Poppin’ While Bitcoin Takes a Breather

Bitcoin’s been the king of crypto, but this week it took a chill pill. While BTC slipped a modest 0.2% to hover around $103,268, altcoins decided to steal the spotlight — and they did it in style.

Ethereum shot up 4.8%, flexing its DeFi muscles. Solana wasn’t far behind, pulling a 2.9% gain thanks to growing activity in NFTs and high-speed apps. XRP also made some noise, climbing 1.7% with fresh momentum from its ongoing legal wins.

Altogether, the total crypto market cap spiked 2.7% in just 24 hours, peaking at $3.4 trillion — that’s its highest since February. Analysts think this could be the start of an “altcoin spring,” where investors rotate out of Bitcoin and into smaller, faster-moving assets looking for alpha.

BTC isn’t out of the game though. It’s just stalling near a resistance zone after a long run. Some whales might just be taking profits before the next leg up. Or maybe, they’re rotating into altcoins themselves.

Whatever’s going on, one thing’s clear: the altcoin crowd is having a moment. And in crypto, those moments can flip the entire leaderboard.

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3 Ways FalconX Is Leading the Charge in Global Crypto Finance with Standard Chartered

Big Banks Are Finally Teaming Up with Crypto, and FalconX Is Leading the Charge

So here’s the tea: FalconX, one of the biggest names in crypto prime brokerage, just teamed up with traditional banking heavyweight Standard Chartered, and it’s kind of a big deal. This isn’t just another random collab. It’s the first time FalconX is linking up with a legacy bank — and it’s all about bringing more institutions into the crypto space.

What’s in it for FalconX? Access to global banking tools, better FX support, and faster fiat settlements. Translation: crypto clients (we’re talking hedge funds and big asset managers) will get smoother, faster trades and better capital efficiency.

And for Standard Chartered? They’re going full speed into digital assets. They’ve already launched custody services in the UAE and partnered with OKX to let big players use crypto as collateral. Now, with FalconX, they’re making crypto feel less “Wild West” and more Wall Street.

It kicks off in Singapore, but the roadmap includes Asia, the Middle East, and the U.S. Basically, this is another sign that crypto’s getting serious — and the old-school financial world is finally paying attention.

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Vinanz Scores $4M in Strategic Funding with Bold NASDAQ Play

Vinanz Bags $4M to Go Bigger on Bitcoin and NASDAQ Dreams

Vinanz is making moves. The Bitcoin-heavy firm just locked in $4 million in funding to grow its BTC stash and eye a major NASDAQ dual listing. Already listed on the London Stock Exchange as “BTC.L” and trading in the U.S. under “VINZF,” Vinanz is now gunning for that big-league exposure.

The money’s coming from Dominari Securities, a U.S. investment bank, backed by a global fund. It’s split into two parts — $2M already in the bag, and another $2M coming if Vinanz hits certain goals. The cash will go toward beefing up their Bitcoin mining game in states like Indiana and Texas, plus Canada.

Now, this isn’t a free ride. The funds come with 5% annual interest and must be paid back in a year per drawdown. But here’s the twist: the investor can swap the debt for shares — either at a flat 25p or at 95% of the lowest 10-day price. Still, they can’t own more than 4.99% of the company or convert if the stock’s too low.

Chairman David Lenigas called the deal “timely,” saying it gives Vinanz the boost it needs as Bitcoin gains more mainstream clout. The NASDAQ move could bring serious institutional eyes.

With the crypto market heating up again, this play might just put Vinanz in the spotlight for real.

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5 Reasons Why Fartcoin ($FARTCOIN) Is Gaining Momentum with Innovative Utility and a Growing

Fartcoin ($FARTCOIN), a meme-inspired cryptocurrency launched on the Solana blockchain in October 2024, has rapidly gained traction in the crypto market. Despite its humorous branding, Fartcoin has achieved significant milestones, including a market capitalization surpassing $1 billion by January 2025.

One of Fartcoin’s unique features is its “Gas Fee” system, where each transaction triggers a digital fart sound, adding a playful element to user interactions. The token has a total supply of 69,420,000, with distribution mechanisms that encourage community participation through meme and joke submissions.

The token’s community-driven approach has fostered a vibrant ecosystem. Users actively engage in sharing memes, participating in social media challenges, and contributing to the project’s growth. This engagement has been pivotal in maintaining the coin’s relevance and driving its adoption.

The coin’s performance has been notable, with trading volumes reaching hundreds of millions of dollars daily. Its price experienced significant volatility, characteristic of meme coins, but the strong community support has helped sustain its momentum.

While the coin lacks intrinsic utility, its success underscores the power of community engagement and internet culture in the cryptocurrency space. Investors should remain cautious, as meme coins are subject to high volatility and speculative trading. Nonetheless, Fartcoin’s rise exemplifies how humor and community can drive a cryptocurrency’s growth.

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7 Hopeful Reasons Solana Is Dominating the Crypto Scene in 2025

Solana’s 2025: The Crypto Powerhouse

Solana is making serious waves in 2025. With its lightning-fast transaction speeds and minimal fees, it’s no wonder developers and investors are flocking to this blockchain. Processing up to 65,000 transactions per second, Solana is outpacing many of its competitors.

The ecosystem is booming. From decentralized finance (DeFi) platforms to non-fungible tokens (NFTs), SOL is the go-to for innovative projects. Its unique Proof of History consensus mechanism ensures efficiency and scalability, attracting a diverse range of applications.

Institutional interest is also on the rise. Major financial players are integrating Solana into their operations, recognizing its potential for high-speed, low-cost transactions. This adoption is driving up the value and credibility of the SOL token.

However, it’s not all smooth sailing. The network has faced some outages, raising concerns about reliability. But the development team is actively working on solutions to enhance stability and performance.

In terms of market performance, Solana’s market cap has surged, placing it firmly in the top 10 cryptocurrencies. Its growth trajectory suggests it could climb even higher, challenging established players in the space.

It’s combination of speed, low fees, and a thriving ecosystem positions it as a formidable force in the crypto world. If it continues on this path, 2025 could be the year SOL cements its status as a crypto powerhouse.

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