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Wells Fargo has denied a customer’s plea for reimbursement after a scammer drained $18,000 from his account, according to a new report. Virginia resident William Sroufe lost more than $18,000 on December 17th in a phone scam where the caller impersonated Wells Fargo, reports the local news outlet WWBT. The caller ID displayed Wells Fargo’s name and the scammer claimed to notice fraudulent activity on Sroufe’s account. The scammer said the bank needed to lock down the account, and Sroufe agreed. The caller then claimed money had been moved to Cash App and mentioned Bitcoin, which raised Sroufe’s suspicions. When…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Recent on-chain data shows a significant increase in Bitcoin flowing into certain wallets, suggesting renewed accumulation. Despite experiencing months of bearish pressure and major sell-offs, some investors appear to be using the ongoing market downturn as an opportunity to strengthen their positions. With the recent accumulation ramp-up, the question remains whether now may be the time to get back into the market. Bitcoin Accumulation Rise Amidst Price Downturn The Bitcoin price has been grinding lower in recent trading sessions, slipping below $64,000. The world’s largest cryptocurrency has…
BNB has dropped nearly 60% from its all-time high in four months, with a bearish flag pattern now actively forming on the chart.A confirmed breakdown below the $570 support level could trigger a sharp move toward the $445–$450 price target zone.BNB Chain’s on-chain real-world assets surged 228% to $2 billion, per Messari’s Q4 2025 report, signaling strong network fundamentals.BNB has shed nearly 60% from its all-time high in roughly four months, rattling investor confidence across the BNB Chain sector. A bearish flag pattern is now forming on the charts, with critical support levels under pressure. The broader sector’s market cap has…
Bitcoin’s future in an artificial intelligence-driven world may depend less on code and more on central banks.In a new note, Greg Cipolaro, global head of research at financial services and infrastructure firm NYDIG, argued that artificial intelligence will affect bitcoin mainly through macroeconomic channels and its impact on the labor market.The key variables are growth, employment, real interest rates and liquidity. Bitcoin, he writes, sits downstream of those forces.If automation cuts jobs and wages, consumer demand could weaken and, in a severe case, falling incomes would strain debt payments and pressure asset prices.Those fears appear to be well-grounded. Just this…
A recent evaluation has surfaced that reveals that Bitcoin’s long-term holders are slowly easing away from their deep profits, and that this could affect prices in either way, depending on further developments. Long-Term Holder Average Monthly SOPR Slips Under 1 In a recent QuickTake post on CryptoQuant, a pseudonymous on-chain analyst, Darkfost, reveals that Bitcoin’s long-term holders are entering a fragile phase in the current cycle. This post is based on readings obtained from the BTC: Long-Term Holders (LTH) SOPR metric, which tracks if coins moved by Long-Term Holders are done profitably, or at a loss. A SOPR value above…
The payments giant PayPal says a cybersecurity incident left highly sensitive customer information exposed for around six months. In a data breach notice submitted to the Commonwealth of Massachusetts, PayPal says it’s resetting affected customers’ passwords and issuing refunds to accounts with unauthorized transactions. “On December 12, 2025, PayPal identified that due to an error in its PayPal Working Capital (“PPWC”) loan application, the PII of a small number of customers was exposed to unauthorized individuals during the timeframe of July 1, 2025 to December 13, 2025. PayPal has since rolled back the code change responsible for this error, which…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has experienced another net loss over the past week, with the premier cryptocurrency struggling to reclaim key technical levels. Meanwhile, a recent market evaluation shows that while price action is volatile, it is largely range-trapped between $60,000 to $70,000. Bitcoin’s $60,000 Shield: Long-Term Holders Refuse To Fold In a recent QuickTake report, a pseudonymous analyst with the username GugaOnChain analyzed Bitcoin’s current market structure, describing a battle between long-term conviction and short-term pressure. According to data from the on-chain platform, Bitcoin remains in a mature bear…
Minnesota’s HF3642 proposes a full statewide ban on physical crypto kiosks amid rising senior scam losses.Scammers coach victims to bypass kiosk warnings and cross state lines, making the 2024 law easy to circumvent.Commerce Department data shows only 48% of victims got refunds, averaging just 16% of their total reported loss.The use of crypto kiosks may become illegal in the state of Minnesota if the proposed ban is passed by lawmakers. House bill HF3642, introduced by Rep. Erin Koegel (DFL-Spring Lake Park), aims to make the use of physical cryptocurrency kiosks illegal due to an increase in scam-related losses. Law enforcement officials…
Crypto markets have lacked conviction, as traders struggle to identify a catalyst strong enough to lift prices out of their current lull. Bitcoin has remained range-bound around mid-$60,000, while ether is trading around $2,000, and volumes across major exchanges have thinned. The digital assets market is thirsty for a solid catalyst, and JPMorgan says it has identified one — market structure legislation in the U.S., called the Clarity Act. “While sentiment remains negative in crypto markets, we continue to believe that a potential approval of the market structure legislation most likely by mid year could serve as a positive catalyst…
An orthopedic surgeon in Texas orchestrated a massive fraud scheme that drained more than $100 million from the healthcare system, according to the U.S. Department of Justice. The DOJ says 61-year-old Michael Taba accepted bribes and kickbacks from pharmacy owners to prescribe medication that was unnecessary. Between May 2014 and March 2017, prosecutors say Taba helped the pharmacies bill the U.S. Department of Labor’s Office of Worker Compensation Program (DOL-OWCP) and Blue Cross Blue Shield more than $145 million, pocketing $90 million in the process. The DOJ says the medication prescribed by Taba was found to be mixed by untrained…