Latest News

Fake Uber Driver Caught Stealing $300K in Crypto

An Arizona man, Nuruhussein Hussein, was arrested for stealing over $300K in crypto by pretending to be an Uber driver. His targets included distracted or drunk passengers from which he stole their private keys, and transferred crypto to his own wallet without them noticing. He’s facing serious charges right now, including fraud and money laundering.

A fake Uber driver in Arizona has been busted for stealing over $300,000 in cryptocurrency from unsuspecting passengers. Nuruhussein Hussein would pick up drunk or distracted riders, pretend to be their Uber driver, and then pull off a sneaky scam. He’d ask his victims for their phones, claiming he needed to check directions or link his Uber app, and then transfer their crypto to his own wallet without them realizing.

Hussein used some serious tech skills, stealing private keys and making shady, undetectable transactions on the blockchain. By the time victims figured out what had happened, their crypto was long gone. The guy didn’t even leave a trace—he’d send the funds to wallets that couldn’t be tracked.

He’s now locked up in Maricopa County Jail facing felony charges, including theft, fraud, and money laundering. The Scottsdale Police Department, along with the Secret Service, is still investigating how Hussein pulled off this high-tech scam. He’s set to appear in court for a bond hearing on December 18. So, if you’re planning to hop in an Uber, maybe double-check your driver next time—it could save you a ton of cash!

You might like : $PENGU Token Crashes Amid $8.74M Sell-Off Frenzy

$PENGU Token Crashes Amid $8.74M Sell-Off Frenzy

$PENGU faces massive sell-offs, with $9.3M sold so far, causing a 50% price drop. More sales may follow.

Yo, $PENGU is getting hit hard with a huge sell-off right now. A massive $8.74 million worth of tokens have already been sold, these sellings were mostly by early investors and some big wallets. One wallet, named HoTdB…YL8YZ, got a huge chunk of 888 million tokens just before the airdrop event. This wallet already flipped 169 million tokens for $0.05164 each, but it still holds 719 million tokens, worth around $40 million.

The selling didn’t stop after that—just 20 minutes later, another 176 million tokens were sold, worth $9.3 million. That’s nearly 20% of this wallet’s holdings gone. Now, it’s still sitting on 7.12 million tokens, worth $37.7 million, so more sales could be coming.

Right now, $PENGU’s price has dropped to $0.03388, down 50% in just 24 hours. With so many tokens still in circulation and big holders selling off, the price could keep dropping. If you’re holding $PENGU or thinking of jumping in, stay on top of the situation because things could get wild. Keep an eye out as this could seriously shake up the market!

Also Read: UK Government Invites Public Input on AI Training and Copyright Regulations

UK Government Invites Public Input on AI Training and Copyright Regulations

The UK is asking for public input on AI training and copyright laws by proposing options like free use of copyrighted work, opt-out rights for creators, or stricter licensing. Creators fear AI companies could exploit their work unfairly, sparking debates about balancing innovation with protecting creative rights. Feedback’s due by Feb next year.

The UK government is stirring up the AI and creative industries with a new consultation aimed at rethinking copyright laws. Launched on December 17, this initiative invites public feedback on how AI models should handle copyrighted materials. With responses open until February 25, 2025, the debate is heating up.

Peter Kyle, the UK’s Secretary of State for Science, Innovation, and Technology, admitted that the current framework isn’t doing enough for creators or AI developers to thrive globally. To fix this, the government has floated four policy options: allowing AI to use copyrighted work freely, giving creators the right to opt-out, tightening copyright laws to require licenses for AI training, or tweaking the current framework.

Not everyone’s a fan. Critics like Ed Newton-Rex, British composer and CEO of Fairly Trained, think some options give AI companies way too much power. He argues they could exploit creators’ work without permission. Owen Meredith, CEO of the News Media Association, says the focus should be on better enforcement of existing laws instead of risking new ones

As AI and copyright collide, the question is clear: how can we boost innovation without leaving creators in the dust? Now’s your chance to weigh in.


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

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.

YOU MIGHT ALSO LIKE: Fake Uber Driver Busted for Swiping $300K in Crypto

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.

YOU MIGHT ALSO LIKE: Nigeria cracks down on crypto romance scams, arrests nearly 800 scammers

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.

YOU MIGHT ALSO LIKE: Fake Uber Driver Busted for Swiping $300K in Crypto

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.

YOU MIGHT ALSO LIKE: Trump’s DeFi Push Fuels $45M December Crypto Buying Frenzy

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.

YOU MIGHT ALSO LIKE: PRCL Coin Skyrockets After Coinbase Listing Announcement

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.

YOU MIGHT ALSO LIKE: Pengu Token Airdrop: Could $20K Really Grow to $50K?

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.

PRCL Coin Skyrockets After Coinbase Listing Announcement

Parcl (PRCL) just got listed on Coinbase, and its price shot up to $0.5618, a 5.08% increase. Trading started on December 17, 2024, on the Solana network (SPL token). With a $120 million market cap and a 46% rise in trading volume, PRCL is getting major attention.

Big news for Parcl (PRCL) holders! Coinbase, one of the top U.S. crypto exchanges, just announced that it will list Parcl on the Solana network (as an SPL token). Trading started on December 17, 2024, and PRCL’s price immediately jumped 5.08% to $0.5618.

This listing is a major boost for Parcl, which saw a notable rise in trading volume—up 46% to $114 million in just 24 hours. If you’re looking to trade, make sure to use the Solana network’s correct contract address: 4LLbsb5ReP3yEtYzmXewyGjcir5uXtKFURtaEUVC2AHs. Otherwise, you might risk losing your funds.

PRCL’s market cap hit $120 million, showing solid growth as it gains attention in the crypto space. But note, not all regions will have access to Parcl trading, so check if you can buy and sell in your area.

The price of PRCL also saw some fluctuation—hitting a low of $0.5055 and peaking at $0.6119—but overall, it’s trending up. This listing marks a big step for Parcl’s growth, and many are watching to see how it performs in the coming days. If you’re into PRCL, now’s the time to keep an eye on it!

You might like: Pengu Token Airdrop: Could $20K Really Grow to $50K?

Pengu Token Airdrop: Could $20K Really Grow to $50K?

People are hyped over a Pudgy Penguin (PENGU) token farming hack claiming $20K in plushies could flip to $50K. But it’s all shaky math—actual NFT rewards might be worth $0.50, not $50. Plus, the refund trick raises red flags and ethical concerns. TL;DR: Risky move, probably not worth it.

Crypto Twitter’s buzzing about a controversial Pengu token (PENGU) farming trick that claims a $20K spend on Pudgy Penguin merch could turn into $50K. Sounds too good to be true? That’s because it probably is.

Here’s the deal: By buying 1,000 Pudgy plushies and figurines, you’d get linked NFTs that supposedly earn $50 each in the PENGU airdrop. Do the math—$50K in tokens for a $20K investment means a $30K profit, right? But there’s a massive catch. This plan assumes you can bulk-buy, scan all the QR codes, and return the items to Amazon without issues. Oh, and it also assumes the token value will actually be $50 per NFT. Spoiler: it won’t.

Crypto insiders say PENGU’s likely worth closer to $0.50 per NFT, slashing potential profits to nearly nothing. Plus, trying to game the system this way could hurt the Pudgy Penguin community, causing artificial demand and leaving legit buyers in the dust.

To make things messier, Pudgy boxes in some New York stores are already being tampered with—QR codes stolen! Instead of shady refund schemes, some suggest donating the toys to charity and keeping things ethical.

Bottom line: This hustle isn’t worth the risks. Don’t let FOMO lead you into a bad move.

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

Can RLUSD Launch Propel XRP Past the $3 Mark? XRP Price Forecast

Ripple’s RLUSD stablecoin launches today. Its creating major hype in the crypto space right now. Plus, XRP is already up 135% this month, is targeting $3, nearing its all-time high of $3.317 from 2018. With RLUSD’s regulatory backing and massive user base, analysts believe XRP could hit new highs soon.

The crypto buzz is real as Ripple drops its much-awaited stablecoin, RLUSD, today. This is Ripple’s first-ever stablecoin, and it’s got the XRP fam hyped. Plus, their token comes with legit regulatory backing from the NYDFS and will be up for grabs on platforms like Uphold and MoonPay.

Meanwhile, XRP is on fire! It’s up a massive 135% in just a month, breaking past $1 in mid-November and racing towards $3. After touching $2, XRP took a dip to $1.98 on Dec 10 but bounced back strong to $2.5 right as RLUSD hype hit. Now, all eyes are on the $3 mark—XRP’s next big hurdle.

If XRP clears $3 and holds, we might see it smash its all-time high of $3.317 from way back in January 2018. With RLUSD’s launch boosting confidence and liquidity, analysts think this could finally be XRP’s moment to shine after years of struggles.

You might like : Australia Unveils National Plan to Boost AI Industry Growth

Australia Unveils National Plan to Boost AI Industry Growth

Australia’s dropping a National AI Capability Plan to level up its AI game by boosting skills, research, and investments. The goal? Strengthen supply chains and rake in billions for the economy by 2030. But critics say the 2025 deadline is too slow for AI’s fast pace. Time to speed things up!

Australia’s getting serious about AI with its new National AI Capability Plan. The plan is aiming to boost its AI industry and catch up with global competition. The plan’s focus? Upskilling the workforce, driving innovation, and attracting investments to secure the country’s supply chains and critical infrastructure. It’ll also review current government support to see if it’s helping or holding things back.

The plan’s set to wrap up by 2025, but some experts aren’t thrilled with the timeline. Simon Bush, CEO of the Australian Information Industry Association, says the review needs to be done by July 2025 because waiting until 2027 could be too late in the fast-moving world of AI.

Australia has around 650 AI companies already, but to really make a mark, it’ll need to up its game. AI and automation are predicted to boost Australia’s GDP by hundreds of billions by 2030, so there’s big potential. The plan will also aim to increase AI literacy and identify key research areas across universities and businesses.

The clock’s ticking, and while Australia’s making moves, it needs to act fast to keep up with the AI boom. 💡🔍

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

Exit mobile version