Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

UK Man Jailed 5 Years for Creating Obscene Deepfakes of 20 Women

A U.K. court has sentenced 26-year-old Brandon Tyler from Essex to five years in prison for creating and sharing obscene deepfake content of more than 20 women. Using AI-powered tools, Tyler altered their images and posted over 170 explicit videos and photos across online forums promoting rape culture.

Deepfake

UK Man Jailed for Creating Obscene Deepfakes of Over 20 Women

In one instance, he asked forum members to vote on which woman should be gang raped. The court called his actions deeply humiliating, with Judge Alexander Mills saying, “Your conduct is a clear example of toxic masculinity.”

The sentencing comes as Netflix’s show Adolescence shines a spotlight on the rising influence of online misogyny and figures like Andrew Tate among UK youth.

Prosecutor Ms. Farrelly said Tyler hunted for public photos, modified them, and posted victims’ real names, usernames, and phone numbers online. His actions were exposed after he accidentally included his Instagram handle in a screenshot.

Two victims emotionally testified, sharing how the abuse damaged their lives and relationships.

YOU MIGHT ALSO LIKE: Indian Crypto Trader slammed with insane 78% Tax Penalty for P2P Transactions Without KYC

Indian Crypto Trader slammed with insane 78% Tax Penalty for P2P Transactions Without KYC

India’s Financial Intelligence Unit (FIU) is cracking down on crypto traders using peer-to-peer (P2P) platforms without proper KYC. A recent case revealed a trader who made only ₹1,500 in profit from selling ₹98,500 worth of crypto in 2022—yet received a ₹78,000 tax penalty nearly three years later.

Indian crypto trader

Indian Crypto Trader Hit with 78% Tax Penalty Over P2P Crypto Deal

The reason? Indian crypto trader couldn’t provide KYC details of the buyers. The income tax department classified the deposits as unexplained cash credits, triggering a steep 70% tax and additional penalties under Section 158B, as amended in the 2025 Union Budget.

Koinx founder Punit Agarwal explained that under these new rules, lacking buyer PAN details or KYC documentation can result in full deposits being treated as undisclosed income.

Tax experts are now urging Indian crypto users to maintain detailed transaction records, including counterparty KYC, especially when using P2P methods.

This case serves as a strong warning—minor profits in crypto could lead to major penalties if compliance isn’t met.

YOU MIGHT ALSO LIKE: Binance & Islamabad United Team Up: Trade to Win 20K USDT and VIP Cricket Perks

Whale Snags $65M in ETH During the Dip & Sends It Straight to Aave

Whale Snaps Up $65M in ETH and Goes Full DeFi Mode

While the crypto market’s having an identity crisis and ETH is down bad, one absolute chad of a whale just went on a $65 million shopping spree — and didn’t just HODL.

Ethereum

This whale scooped up a crazy 33,441 ETH over the last 10 days, averaging about $1,959 per ETH. They even added 4,100 ETH today alone at $1,785, showing zero chill while others were panic-selling.

But Wait, It Gets Smarter…

This isn’t just a flex — the whale deposited the entire bag into Aave, a DeFi lending protocol, instead of letting it sit cold in a wallet. According to Lookonchain and Debank, the total ETH now staked on Aave is 33,723.76 ETH (worth ~$60.98M), earning 1.97% APY.

This is what the pros call: “capital efficiency.” Why just sit on the coins when you can farm yield on them too?

ETH Price Down? Whale Sentiment Up

ETH may be chilling in oversold territory, but analysts are lowkey optimistic. The charts are screaming rebound potential — and moves like this whale’s are textbook “smart money” strategies.

Instead of waiting for hype to come back, this whale bet big while everyone else was fearful. That’s a major long-term W if the market rebounds.

TL;DR:

  • Whale bought 33,441 ETH ($65M) during the dip
  • ETH price average: $1,959
  • All ETH staked on Aave for yield (1.97% APY)
  • Potential bullish signal as smart money deploys in DeFi
  • ETH oversold = possible bounce incoming

What This Means for the Market:

  • Whales are still playing the long game
  • DeFi is where idle bags go to grow
  • Watch for ETH momentum if whales keep stacking

You might also like: Musk’s X Joins Coinbase in $14K-User Supreme Court Battle Against IRS Data Probe

Trump Goes Full Crypto: $17B Bitcoin Stockpile Confirmed by U.S. Gov Sparks Market Buzz

Trump Just Went Full DeFi Bro – U.S. Gov Flexes Its $17B Bitcoin Bag

Okay, this one’s wild. On March 6th, 2025, President Donald Trump pulled a major crypto power move—he signed an executive order that basically told every U.S. federal agency: “Show me the crypto.”

Trump

Yup, the U.S. just officially launched a Bitcoin Strategic Reserve and a digital asset stockpile. TL;DR: they’re now treating crypto like oil or gold. And that’s not even the craziest part.

Here’s the real tea 🍵:

🔹 The whole U.S. government had until April 5th (today) to spill the beans on exactly how much crypto they’re holding.
🔹 First big number to drop? Over 198,000 BTC, worth around $16.38B, according to Arkham.
🔹 Crypto czar David Sacks says it could be closer to $17B, but tbh, they never ran a full audit so it’s a best guess.

And the portfolio? It’s stacked:

  • 198,012 BTC
  • 122M+ USDT
  • 59.9K ETH (~$107M)
  • 750 WBTC (~$61.8M)
  • 40.2K BNB (~$23.86M)

But wait—it’s not just Bitcoin. Trump posted on Truth Social back on March 2nd that the crypto reserve will also include Ripple (XRP), Solana (SOL), and Cardano (ADA). It’s giving big altcoin energy.

And here’s what this all might mean:

If these bags are confirmed, the market could go full bull mode—like, quick. Even though crypto’s been down ~7% this month, this level of transparency + bullish policy could help the market bounce back hard.

Oh, and don’t forget—Trump’s also out here starting a global tariff war. So yeah, things are heating up fast both in traditional and digital markets.

Bottom line: U.S. isn’t just watching crypto anymore—they’re stacking it. With Trump leading the charge, crypto might just be going mainstream for real.

Also Read: Fidelity Unveils 3-Crypto IRA With Bitcoin, Ethereum & Litecoin

Fidelity Unveils 3-Crypto IRA With Bitcoin, Ethereum & Litecoin

Fidelity Investments is expanding its crypto offerings with a new crypto IRA, allowing investors to hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) directly in tax-advantaged retirement accounts.

Fidelity Introduces Crypto IRA With Bitcoin, Ethereum, Litecoin

Available to U.S. citizens aged 18 and older, it offers zero fees and can be set up as a Roth, traditional , or rollover. Fidelity stores assets in cold wallets via Fidelity Digital Assets, ensuring long-term security.

IRA

The move comes amid rising demand for crypto retirement investments. A TMX Vetta Fi survey found that 57% of financial advisors plan to increase their crypto ETF exposure. While ETFs remain popular, Fidelity provides a direct crypto holding alternative.

A Fidelity spokesperson stated, “We are committed to evolving with investor interests by offering secure and tax-efficient crypto investment solutions.”

Beyond this, Fidelity is expanding crypto investment options, recently filing for a Solana ETF on Cboe Exchange. As traditional finance leans further into crypto, Fidelity’s push signals digital assets are now a core investment class.

YOU MIGHT ALSO LIKE: SEA Blockchain Week 2025 Cancelled After Devastating Myanmar-Thailand Earthquake

SEA Blockchain Week 2025 Cancelled After Devastating Myanmar-Thailand Earthquake

The Southeast Asia Blockchain Week (SEABW) 2025 has been officially cancelled following the devastating earthquake that struck the Myanmar-Thailand border, claiming over 2,000 lives and leaving thousands injured.

SEA Blockchain Week Cancelled Due to Myanmar-Thailand Earthquake

Organizers announced the cancellation via X (formerly Twitter) and the event’s official website, expressing condolences to the victims. Originally set for April 2-3 at ICONSIAM, Bangkok, the event was meant to bring together Web3 leaders, innovators, and enthusiasts to discuss emerging blockchain trends.

SEA Blockchain cancel Notice

“With a heavy heart, we announce the cancellation of SEABW 2025 due to the Myanmar-Thailand earthquake,” the organizing team stated. “As a Web3 conference representing Southeast Asia, we stand in solidarity with those affected. Out of respect for the victims and safety concerns over potential aftershocks, we believe this is the most responsible decision.”

SEABW is offering full refunds to all ticket holders within 1-2 weeks via check payments. Meanwhile, attendees already in Bangkok can join a community-led meetup, with details to be announced soon.

YOU MIGHT ALSO LIKE: Musk’s X Joins Coinbase in $14K-User Supreme Court Battle Against IRS Data Probe

Musk’s X Joins Coinbase in $14K-User Supreme Court Battle Against IRS Data Probe

Elon Musk’s social media platform, X, is urging the U.S. Supreme Court to block the government from accessing user data without proper legal justification. The company has filed a legal brief supporting a case against the Internal Revenue Service (IRS), accused of collecting financial records from over 14,000 Coinbase users without a warrant.

Musk’s X Backs Coinbase in Supreme Court Fight Over IRS Probe

Musk's X joins the Coinbase Fight

The case revolves around James Harper, a Coinbase user who claims his transaction data was handed over as part of the IRS probe. Harper argues this mass data collection violates privacy rights, and X has stepped in to support him. The company believes this could set a dangerous precedent allowing authorities to access user data without probable cause.

Musk, a strong advocate for free speech and digital privacy, has resisted government data requests in multiple countries. Meanwhile, X’s growing presence in financial services—with its upcoming X Money payments platform—makes its stance on data privacy even more significant.

The Supreme Court has not yet decided whether to hear the case, but legal experts say a ruling in Harper’s favor could reshape government access to private financial and social media data.

YOU MIGHT ALSO LIKE: North Korean IT Workers Intensify Infiltration of European Tech and Crypto Firms

North Korean IT Workers Intensify Infiltration of European Tech and Crypto Firms

North Korean (DPRK) IT workers are increasingly infiltrating European tech and crypto firms, using fake identities to land high-paying jobs and funnel earnings back to the regime.

North Korean IT Workers Ramp Up Infiltration of Tech and Crypto Firms Across Europe

Since its last report in September 2024, Google’s Threat Intelligence Group has observed a rise in DPRK-linked workers securing roles in blockchain and tech companies. These individuals create multiple fake personas, sometimes using fabricated references. One worker operated under 12 different identities across Europe and the U.S., targeting defense and government sectors.

North Korea IT worker's Target places in March
 List of countries impacted by DPRK IT workers

In the UK, some DPRK IT workers were found developing Solana and Anchor/Rust smart contracts and building blockchain-based platforms. Investigations also uncovered a network of facilitators helping them bypass job verification processes.

With sanctions tightening, North Korea relies on cyber operations for revenue. The U.S. Treasury estimates these IT workers generate hundreds of millions annually, with up to 90% of wages seized to fund military projects.

Beyond financial gain, DPRK IT workers also enable state-sponsored hacks. The Lazarus Group, linked to the $1.5B Bybit hack, has exploited these infiltrations to breach internal systems. As scrutiny in the U.S. rises, North Korean infiltration is expanding across Europe.

YOU MIGHT ALSO LIKE: DOGE Price Drops as Elon Musk Shuts Down Government Adoption Rumors

DOGE Price Drops as Elon Musk Shuts Down Government Adoption Rumors

The price of Dogecoin has dropped over 5% as its former advocate and meme connoisseur Elon Musk said that the U.S. Government has no plans to use the coin in any kind of operations with the Department of Government Efficiency.

DOGE Price Fumbles as Elon Musk Says ‘No Plans’ on Using Dogecoin

While Dogecoin investors were expecting its price to surge past its past week gains, their hopes turned into disappointment as Elon Musk stated that the federal government has no plans to use memecoin officially.

DOGE coin, memecoin

While speaking at a town hall in Wisconsin, Musk effectively quashed speculation that the Department of Government Efficiency (D.O.G.E.) would integrate it into any government dealings. This move caused it’s price to fumble, falling over 5.3% within hours.

“There are no plans for the government to use this specific memecoin for anything as far as I know,” Musk said, addressing rumors that the Trump administration’s newly formed efficiency department (D.O.G.E.) might adopt the cryptocurrency.

At the time of writing, it is trading near $0.1658, dipping as low as $0.1605 from the daily high of $0.1695 in the daily timeframe.

YOU MIGHT ALSO LIKE: ChatGPT Reaches New Height: 1M Users carried by Ghibli-Style

Breaking !5 Ways Trump’s Tariff Moves Are Causing Short-Term Crypto Chaos

Ever since Trump took office, his trade moves have been shaking up both stock and crypto markets, and it doesn’t look like things are slowing down. With big economies like China, Brazil, and Canada refusing to give in to his tariff threats, experts are predicting another wild week ahead. “Liberation Day,” aka April 2, is when Trump is expected to announce a massive 20% tariff on over 25 countries, impacting $1.5 trillion worth of imports by the end of April 2025.

Trump

What’s the Deal with Tariffs?

In simple terms, tariffs are taxes on goods coming in from other countries, making them more expensive. A “reciprocal tariff” is when countries agree to tax each other’s goods equally. This messes with inflation, increases prices, and pushes investors away from risky assets like stocks and crypto, into safer places like bonds. Historically, when Trump hit China with tariffs back in 2018, Bitcoin dropped by 27%. This time, crypto’s already feeling the heat, with Bitcoin dropping 6%, Ethereum 11%, and Solana by over 10%.

Why the Market’s Getting Shaken Up

Trump’s tariffs could spark a global trade war, just like past tariff hikes have. With the U.S. tariff rate already at an 8% high, experts predict it’ll break records by April. Higher tariffs = higher prices for consumers, less economic growth, and more tension between countries. The market’s already lost over $130 billion, and it’s only going to get worse if the situation escalates.

How Tariffs Could Affect Crypto Long-Term

Despite the short-term chaos, there could be a silver lining for crypto down the road. Trump’s been mostly pro-crypto, and his government has been talking about a national crypto stockpile. So, while tariffs might cause some panic right now, in the long run, it could actually be a win for crypto. This would bring more clarity and possibly lead to a bigger crypto-friendly environment.

Final Thoughts

Trump’s tariffs might cause a short-term crash in the markets, especially crypto, but if his crypto-friendly stance holds, the long-term outlook could still be positive. If things stabilize, the policies might set crypto up for growth. For now, it’s a waiting game as tensions rise and the market figures out how to respond.

Also Read: Breaking !Celo (CELO) Braces for $307K Token Unlock—Will Prices Drop Further?

Exit mobile version