The U.S. Secret Service is increasing its international operations to combat the surge in cryptocurrency scams. These crimes are becoming a greater danger to Americans and our entire financial system. Spearheading this foray is Kali Smith, who leads the Secret Service’s cryptocurrency strategy. Her team’s mission was to train foreign...
In 2024, Americans lost a staggering $9.3 billion to crypto scams. Not surprisingly, older adults were responsible for $2.8 billion of those losses. Crypto fraud has officially overtaken romance scams as the number one source of monetary loss in U.S. internet crime. In response, the U.S. Secret Service has intensified...
Many altcoins ripped to the upside drastically propelled by intentional exchange listings, token burns, and partnership announcements as Bitcoin continued to languish sideways. Recent action in the altcoin market underscores a very powerful dynamic — that investments in programming and technology can deliver very strong returns. These initiatives are both...
A new wave of meme coins is rapidly emerging in the cryptocurrency market, capturing the attention of investors with promises of quick profits and community-driven growth. One cryptocurrency recently proved just how overwhelming this trend can be. In fact, it stormed past $150,000 in its very first ICO — one...
Cryptocurrency markets have suffered an unprecedented crash in the past week. Almost every single one of the top 100 assets, Bitcoin included, are now trading down in the red today. Within a mere 24 hours, the crypto markets dropped nearly 5.5% of their capitalization value. This extremely abrupt drop led...
During this short week, the U.S. House of Representatives will consider three critically important pieces of legislation. These rulings would have a tremendous impact on the future of cryptocurrency and blockchain technology here in the United States. Lawmakers will soon have the opportunity to vote on each the CLARITY Act,...
A recent report has revealed that the Internal Revenue Service (IRS) is facing scrutiny over its handling of seized digital assets. The report was conducted by a non-profit government oversight group. Specifically, it calls attention to major failings in IRS procedures for handling seizure memorandums for seized cryptocurrencies and other...
Singapore's recent regulatory actions in the cryptocurrency sector may inadvertently benefit Hong Kong's aspirations to establish itself as a leading crypto hub. Now, the Monetary Authority of Singapore (MAS) is doubling down on its clampdown on the industry. They recently tightened their grip on crypto companies registered in Singapore, mandating...
Godfrey Benjamin, a blockchain advocate and crypto journalist, wrote recently about some of the biggest liquidations in the cryptocurrency market. Solana’s fantastic rally with the deep dive, and showcased a new meme coin trading bot – Snorter Bot. Through his work on Coinspeaker.com and his updates on X (formerly Twitter)...
Cryptocurrency, born from the ashes of the 2008 financial crisis with the creation of Bitcoin was intended to be a liberating force in finance. Centralization of cryptocurrency mining and market control. Growing centralization between cryptocurrency miners and markets. This trend, primarily inspired by American institutions and politicians, jeopardizes the democratic...
Okay, I know what you're thinking. "$543 million liquidated? How can that possibly be good for anyone?" Trust me, I get it. Nobody likes seeing that much money evaporate. Every once in a while, it takes a controlled burn to remove all the deadwood and open up space for a...
Last week’s dramatic plunge in the cryptocurrency market saw more than $543 million in positions liquidated. More than enough to underscore the serious risks associated with crypto trading, this event marks the … It’s particularly treacherous when you throw in market volatility, margin trading, and psychological drivers such as fear...
$543 million. Gone. Poof. Gone into the tempestuous flotsam and jetsam of the crypto markets in less than 24 hours. Greed’s price tag to more than 122,000 traders, that was the price tag of greed — a painful lesson imparted with cold and lethal efficiency. Bitcoin recently reached Bermuda Triangle-like...
Picture this: Siti, a young mother from Jakarta, juggling two jobs and dreaming of a future where her kids can go to better schools. She just cannot stop hearing the chatter and buzz around crypto, around how average people are becoming crypto millionaires overnight. She happens to discover Qubetics, notices...
Qubetics has featured widely on the crypto news circuit of late…thanks to a jaw-dropping 950% pump. For those new to the cryptocurrency scene, understanding what Qubetics is, its potential, and its risks is crucial before considering any investment. BlockchainShock is committed to teaching neophytes the fundamental concepts of Qubetics. Here,...
A 950% surge in one hour? Qubetics certainly grabbed headlines, and understandably so. The appeal of get rich quick schemes often draws everyone in. Such frustration is particularly pronounced among those who are new to the crypto space. Before you full send it, let’s soberly stand back and examine the...
Is it really that far-fetched? Let's be honest, the world of crypto often feels like a parallel universe, but it's increasingly interwoven with the "real" world of politics and economics. Seeing Bitcoin blast past $112,000 is mind-blowing. And while everyone's talking about ETF inflows and short squeezes, I think we're...
Ethereum (ETH) has been on an incredible run lately, sending positive breakout signals in all directions and gaining the interest of investors and analysts across the board. Ethereum had an exceptional week, as ETH price surged by 36% in the last seven days. Just over the past month, it has...