Tag: Cryptocurrency

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.”

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?

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!

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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.

Trump’s DeFi Push Fuels $45M December Crypto Buying Frenzy

A massive $45 million December cryptocurrency binge by Trump’s new DeFi project named World Liberty Financial, is finally moving ahead by purchasing assets including big names like ETH, ONDO and LINK. It did face some trouble selling its WLFI token but Justin Sun’s $30 million investment helped it make tons of money. Finally,the collaboration with AaveDAO is setting its point towards enhancing lending and borrowing.

With a $45 million cryptocurrency buying binge this month, Donald Trump’s DeFi project, World Liberty Financial is finally taking significant big step action. Trump is also serving as its “chief crypto advocate” and his kids as its “ambassadors,” the initiative has amassed $30 million in Ethereum, $10 million in cbBTC, and smaller amounts of tokens such as Ondo (ONDO) and Ethena (ENA). Their most recent purchase? A day after obtaining $500K of ENA, $250K of ONDO was acquired.

World Liberty, launched in September, is aiming to become the go-to DeFi platform for trading crypto. But it’s not all smooth sailing—its WLFI token sales are lagging, with less than 25% of its $300M goal reached. Still, it scored a major win when Justin Sun, founder of Tron, invested $30M and became its top backer. Sun’s now an official advisor, despite his history with the SEC over alleged unregistered securities.

To keep the momentum, World Liberty got AaveDAO on board to create its own version of the Aave protocol, enabling borrowing and lending for crypto staples like Ether and USDC. With promises of juicy revenue splits for AaveDAO, this partnership might be the boost Trump’s crypto empire needs. It’s a bold bet—let’s see if it pays off.

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