The post Coinbase and Singapore Police Block $4.2M Crypto Scam Losses in 145+ Rescue Cases appeared on BitcoinEthereumNews.com.
Key Takeaways: In a six-week operation with Singapore Police, Coinbase prevented the loss of over $4.2 million through fake mobile apps. Advanced blockchain analytics identified and protected more than 145 suspected victims of scams. The operation underscores the growing partnership between crypto exchanges and law enforcement agencies in their fight against fraud. Coinbase, the leading U.S. cryptocurrency exchange, announced information about a partnership between it and the Singapore Police Force that helped deter scams involving the loss of over $4.2 million by over 145 individuals. Trust is the foundation we build on at Coinbase. Over the past 6 weeks, Coinbase worked closely with the @SingaporePolice Anti-Scam Centre and Cyber Investigation Branch on a joint anti-scam operation. Together, we stopped 145+ people from losing a combined $4.2M+ to scams.… pic
Coinbase's diversified revenue model offers resilience against Bitcoin volatility, while Strategy's debt-heavy approach risks financial instability.
The post Coinbase’s Bitcoin approach deemed superior to MicroStrategy’s model appeared first on Crypto Briefing.
The rise of stablecoins could reshape global finance, challenging traditional payment systems and creating new opportunities and risks.
The post Coinbase executive predicts stablecoins will surpass fiat volume in 5 years appeared first on Crypto Briefing.
The post US Charges Rossen Iossifov in $290K Crypto Laundering Case appeared on BitcoinEthereumNews.com.
US charges Rossen Iossifov over an alleged $290K crypto laundering scheme from prison. Prosecutors say forfeited crypto moved through mixers to hinder government recovery. Earlier fraud case tied Iossifov to nearly $5M laundered and 900 US scam victims. Federal prosecutors have filed new criminal charges against Bulgarian national Rossen G. Iossifov, alleging that he conspired to launder approximately $290,000 worth of cryptocurrency that had already been seized and ordered forfeited following his earlier federal fraud conviction. According to the charges, the alleged conspiracy took place in January 2024 while Iossifov was serving a prison sentence in the United States. The case introduces a new chapter in an investigation that began with his conviction for participating in a multinational fraud operation targeting hundreds of American victims. New Indictment Centers on Previously
The post Bitcoin Whales Due Credit for $64,000 BTC Price Rebound, Says CryptoQuant appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) demand shifts are “behind” the price rebound to $64,000, new analysis claims. Key points: New Bitcoin price analysis says that US whales are behind the latest spate of BTC price relief. The Coinbase Premium is above its 14-day moving average, a key sign of strength. Research from Bitcoin Suisse suggests that “something changed” on the market this week. Bitcoin Coinbase Premium still negative despite trend line reclaim In a blog post on Friday, onchain analytics platform CryptoQuant attributed Bitcoin’s July upside to US-based whales. Specifically, the Coinbase Premium — the difference in price between Coinbase’s and Binance’s BTC/USDT pairs — is showing early signs of buy-side momentum “regaining strength.” “The Coinbase Premium Index for both BTC and ETH remains in negative territory, but both have bounced off their local lows,” contributor Burak Kesmec
The post BlackRock Moves 8,700 Ethereum to Coinbase: Why Traders Are Watching appeared on BitcoinEthereumNews.com.
In recent hours, global investment manager BlackRock executed an Ethereum transfer that was reported by onchain data tracker Onchain Lens. According to Onchain Lens, BlackRock transferred 8,700 ETH, worth nearly $15.81 million, to Coinbase Prime. It will not be the first time BlackRock has moved Ethereum and, likewise, Bitcoin to Coinbase Prime; on July 9, BlackRock moved 951.5 BTC worth $59 million to Coinbase Prime and the IBIT ETF withdrew 883.6 BTC (worth $54.8 million) from Coinbase Prime on July 8, but this particular ETH transaction comes with further details. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Onchain Lens noted that the said ETH — 8,700 tokens — were moved from BlackRock’s Ethereum ETF-related wallets to Coinbase Prime and coinci