CryptoNews

Grayscale: XRP’s Near-6% Bitcoin Valuation Sets a Benchmark for Zcash

XRP is valued at nearly 6% of bitcoin’s market capitalization, a level Grayscale cites as context for how far rival digital currencies can grow. Zcash rose from under 0.1% to about 1.5% of bitcoin’s value in a year, and the firm says it has not hit a valuation ceiling. Key Takeaways Grayscale counts 10 qualifying tokens alongside bitcoin in its sector. XRP’s market value approaches 6% of…
Read more
CryptoNews

SEC Charges WhatsApp Crypto AI Scams Allegedly Taking Over $15.3M

Online contacts allegedly drew hundreds of investors into fake trading and AI bot programs. The SEC has charged four entities over two schemes that it says misappropriated more than $15.3 million. Key Takeaways Cryptoaiml allegedly displayed fictitious trading profits to investors. TSAI allegedly promoted nonexistent AI bots and recruitment rewards. The SEC removed Forms D tied to the entities’…
Read more
CryptoNews

UK Orders Crypto Fraudsters to Repay £851,402 to Scam Victims

Victims of a £1.5 million crypto investment fraud are closer to recovering some of their losses after a UK court ordered two convicted men to pay £851,402.27. The Financial Conduct Authority plans to return funds collected through the orders. Key Takeaways A court ordered…
CryptoNews

Banker Turned on Clients, Routing $932K to Coinbase for $1K+

A former Georgia banker faces federal charges after allegedly helping steal about $931,500 from customers and route the funds to Coinbase accounts. Prosecutors say she received more than $1,000 for her role. Key Takeaways Six customers’ account details were allegedly used…
CryptoNews

Kiyosaki Warns Millions of Boomers Could Be Homeless, Says Buy Bitcoin

Robert Kiyosaki warns that a market crash could drain baby boomers’ retirement savings and leave some without homes. In a Sept. 27 post, he repeated his long-running call to buy bitcoin, gold, and silver as he renewed his criticism of stock-and-bond portfolios. Key Takeaways Kiyosaki says a crash could leave some boomers unable to recover financially. He argues that falling bonds and stocks…
Read more
CryptoNews

Waiting for a 30% Bitcoin Dip Backfired in 61% of Tested Cases

Bitcoin buyers in a test of 216 highs would have paid more after a 30% crash than at the earlier high in most cases. Successful waits brought a median 19% discount; failed waits, a median 76% premium. Key Takeaways Livingston tested buying after pullbacks from 216 bitcoin highs. A 30% decline took a median 134 days to arrive. In 61% of cases, the modeled purchase cost more than buying at the…
Read more