An Oklahoma man admitted to orchestrating a cryptocurrency investment fraud scheme that duped nearly 2,800 investors out of $9.4 million. Travis Ford, 35, of Glenpool, pleaded guilty yesterday to one count of conspiracy to commit wire fraud in connection with his role as CEO, co-founder, and head trader of Wolf Capital Crypto Trading LLC. The purported investment firm operated from January 2023 to August 2023, promoting itself through its website, social media, and other internet platforms. You might also like: Micheal Saylor hints at another Bitcoin purchase as holdings reach 447,470 BTC According to court documents, Ford falsely claimed to be a sophisticated trader capable of delivering extraordinary daily returns of 1-2%, amounting to an annual return of approximately 547%. Ford admitted that he knew such returns were unattainable but made promises to lure investors anyway. He misappropriated the funds to benefit himself and his co-conspirators, leaving investors with significant financial losses. The Justice Department announced the plea on Friday, Jan. 10, with Principal Deputy Assistant Attorney General Brent Wible and U.S. Postal Inspection Service (USPIS) Inspector in Charge Eric Shen highlighting the fraudulent scheme’s scope. Ford now faces up to five years in prison, with sentencing to be determined by a federal district court judge. The court will consider the U.S. Sentencing Guidelines and other statutory factors before issuing a final sentence. A sentencing date has not yet been set. The news came just two days after a federal grand jury in the Eastern District of Washington charged a former pastor with 26 counts of fraud, alleging he masterminded a cryptocurrency scheme. Read more: NFT market defies crypto dip, Do Kwon trial date set, North Dakota eyes Bitcoin | Weekly Recap
Recent shifts in the cryptocurrency market signal a vibrant altcoin rally as SUI and SOL gain momentum, leaving Bitcoin’s dominance in question. This surge in altcoins comes amidst a backdrop
Altcoins are rallying, with SUI and SOL gaining popularity, while XRP faces growing short interest.
The cryptocurrency landscape is buzzing with significant developments. Recent Uniswap’s updates about its forthcoming V4 launch are creating waves within its community. In parallel, SHIB news is making headlines as it gears up for its governance token, TREAT’s release. Despite some circulating rumors, Shytoshi Kusama, the anonymous lead, has confirmed no early launches occurred. Meanwhile, Web3Bay (3BAY) , a burgeoning decentralized e-commerce platform, has successfully exceeded $590K in its presale. This achievement signals its potential to reshape the future of online shopping, highlighting the evolving nature of web3 commerce. Uniswap Update: Anticipating the 2025 Launch of V4 Uniswap’s forthcoming V4 update is drawing community focus, with its release anticipated this year. Since 2023, the development team has focused on fostering transparency and collaborative efforts. A recent post from Uniswap Labs on X platform, featuring sleek “2025” branding, teased this update. The Uniswap update will introduce the “Hooks” system, allowing developers to insert custom codes around swap functions. Although the exact release date is still under wraps, the anticipation around V4 confirms Uniswap’s leadership in the decentralized exchange arena. SHIB’s Leadership Addresses Misinformation Ahead of TREAT Launch In the latest SHIB news, the Shiba Inu ecosystem is preparing for the significant rollout of its governance token, TREAT, officially scheduled for January 14. Recent false claims about a secret launch two years ago have been refuted by Shytoshi Kusama, the pseudonymous leader of the ecosystem. Kusama has emphasized the importance of community vigilance against potential scams using the TREAT name. Despite these challenges, the imminent launch of TREAT stands as a key advancement for the Shiba Inu community, promising new governance capabilities and enhanced utility. Web3Bay Presale Hits $590K: Driving Forces Behind the Success Web3Bay is making big waves in web3 commerce with its new decentralized e-commerce platform. It’s all about security, transparency, and letting the community lead the way. Thanks to its blockchain foundation, every purchase and sale on Web3Bay is not just safe but also respects user privacy and input. The 3BAY token is at the heart of everything here, helping with easy payments, driving engagement, and giving users a say in the platform’s decisions. The presale of this token is making headlines too, with over $590K raised and more than 180 million tokens snapped up by eager buyers. The token presale is unfolding over 28 stages, with each stage seeing a small price hike. Right now, we’re at stage 3, where tokens are going for just $0.0039675, but that price won’t stay low for long. Early buyers are looking at a potential 4840% ROI when these tokens hit the market! The presale is just part of the story. Web3Bay’s smart planning around tokenomics is guiding its growth, focusing on expanding the platform, forging key partnerships, and rewarding its community. This is setting Web3Bay up as a major player in the decentralized marketplace, giving everyone a chance to get involved in shaping a promising future in the web3 realm. Evolving Blockchain Innovations in 2025 With the latest developments in Uniswap’s V4 update and SHIB’s governance token launch, 2025 is poised to be a year of significant blockchain advancements. However, Web3Bay stands out with its ongoing successful presale, already generating over $590K. Its decentralized e-commerce model, underpinned by the 3BAY token, provides unmatched security, transparency, and user empowerment in online transactions. With its current token pricing, Web3Bay offers a unique opportunity for early adopters to secure a significant position in the emerging decentralized e-commerce landscape. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post Web3Bay’s $590K Presale Proves It’s the Future of Transparent E-Commerce! More on SHIB News & Uniswap Updates appeared first on TheCoinrise.com .
Bitcoin has been faced with a challenging start to 2025 with a rejection at the $100,000 mark. Notably, Bitcoin has been unable to hold substantially above the $100,000 price level since it first broke through in early December, and multiple breakouts have been followed by rejections. The most recent rejection came last week when the price peaked at $102,000 on Monday, only to reverse sharply and fall to $92,000 by Thursday. Related Reading: Bitcoin To Challenge Gold: Expert Sees US Taking The Lead This continued tug-of-war has brought the bearish case for BTC into sharper focus, with technical analysis highlighting a 50/50 chance of a further drop or a bounce. $90,000: A Pivotal Support Zone Under Threat Recent Bitcoin price action has significantly put the $90,000 price point as the most notable support level for the bulls. Although the crypto has largely held above the $90,000 support level even during the recent corrections, the bearish outlook hinges on its ability to defend this level. According to technical analysis by crypto analyst EGRAG CRYPTO, Bitcoin has made five different attempts to test a support trendline around $90,000, which further reveals the importance of the level. This repeated retest increases the chance of weakening the support strength and is gradually making Bitcoin more vulnerable to a sharp decline. With this in mind, the major task for Bitcoin bulls would be to hold above the $90,000 and break resistance levels above $100,000 in order to invalidate a bearish outlook. Should Bitcoin fall below $90,000, it could cascade to a further price drop to the $87,000 range or even lower. A fall below $87,000 could, in turn, cause a quick fall through a $12,000 gap to reach $75,000. Resistance Levels To Break: $103,000 To $108,500 As noted by EGRAG CRYPTO, Bitcoin could continue to pose a bearish threat until it closes above a few resistance levels. These resistance levels are situated at $103,000, $106,400, and $108,500, and consistent daily closes above these thresholds are required to confirm a bullish trend. The third resistance of $108,500 is the most notable, as a break above it would see Bitcoin trading at new all-time highs. According to EGRAG CRYPTO, current technical indicators suggest that the chances of a pump are low at the moment. For instance, Bitcoin has now lost the support of the 21 EMA on the daily candlestick timeframe, and sentiment is now in a neutral zone on the Fear and Greed Index. Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 As it stands, the biggest factor that could see bullish momentum return to Bitcoin is the upcoming inauguration of Donald Trump on January 20th and the anticipated crypto-positive policies that during the new administration. EGRAG CRYPTO notes that the event could either trigger a short-term rally or exacerbate the ongoing decline. At the time of writing, Bitcoin is trading at $94,400. Featured image from Pexels, chart from TradingView
As of Sunday, Jan. 12, 2024, the cryptocurrency sphere is nothing short of turbulent, with the total crypto economy resting at $3.31 trillion. Weekend and Year-to-Date Crypto Market Trends To round off the weekend, theta fuel (TFUEL) emerged as the top performer, climbing 12.29% against the U.S. dollar. Close on its heels, kucoin token (KCS)
States are seriously considering establishing Bitcoin reserves for financial innovation. Texas and other states are proposing bills to legally acquire Bitcoin. Continue Reading: States Take Bold Steps to Build Bitcoin Reserves in the U.S. The post States Take Bold Steps to Build Bitcoin Reserves in the U.S. appeared first on COINTURK NEWS .
Could Bitcoin’s ‘Banana Zone’ be the catalyst for an altcoin season? Raoul Pal’s “Banana Zone” predicts Bitcoin’s consolidation phase, before transitioning into “Banana Singularity.” Bitcoin’s price action ahead of Trump’s
Bitcoin ASIC manufacturer Canaan announced the launch of its latest products, the Avalon Mini 3 and Nano 3S, at CES 2025 in Las Vegas. These Bitcoin mining devices aim to simplify cryptocurrency mining for individuals while incorporating unique dual-purpose functionality. According to the official press release , the Avalon Mini 3 combines high-performance Bitcoin mining with home heating, boasting a hash rate of 37.5Th/s and a user-friendly app-controlled interface. Meanwhile, the Avalon Nano 3S is an upgraded version of the popular Nano 3 which features a hash rate of 6Th/s and is being marketed as a beginner-friendly entry point into Bitcoin mining . Key advantages of the products include a plug-and-play setup for ease of use and a focus on energy efficiency. The Avalon Mini 3 addresses environmental concerns by recycling computational energy into home heating, allowing users to offset energy costs while minimizing waste. Canaan CEO NG Zhang spoke about the company’s vision of combining practicality with sustainability and added, “The Avalon Mini 3 and Avalon 3S represent our vision of user-friendly, practical mining solutions for the modern individual. We’re reimagining how technology can create value while minimizing environmental waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology.” Transforming cryptocurrency mining rigs into household devices is not a new concept. Back in 2017, Avi Aisenberg, who operated South Florida Distillers in Fort Lauderdale, Florida, created a heating system that used ASIC miners to mine crypto while accelerating the rum-distillation process. In 2018, the French start-up Qarnot introduced the QC-1, a heater designed specifically for cryptocurrency mining. More recently, companies like Heatbit and D-Central have entered the market with products that combine heating capabilities with crypto mining. The post Canaan Launches Dual-Purpose Bitcoin Mining Device That Heats Homes appeared first on CryptoPotato .
The post 34 Million XRP Moves to Exchanges, Sell-Off Incoming? appeared first on Coinpedia Fintech News With rising prices across the cryptocurrency market, whales appear to be moving their XRP holdings to exchanges for a potential sell-off or other activities. This significant XRP transaction was reported by the blockchain-based transaction tracker Whale Alert on X (formerly Twitter). Crypto Whales Off-Load $76 Million Worth of XRP In a post on X, Whale Alert noted that an unknown wallet had dumped a significant 30.17 million XRP tokens, worth $76.34 million, onto the Coinbase cryptocurrency exchange. 30,171,667 #XRP (76,341,868 USD) transferred from unknown wallet to #Coinbase https://t.co/K86Ql4cAjQ — Whale Alert (@whale_alert) January 12, 2025 In addition to this notable transaction, the on-chain analytics firm CryptoQuant observed that exchange reserves have increased by 34 million XRP in the past 48 hours. This metric show that long-term holders have begun moving their holdings to exchanges, indicating a potential sell-off signal and the possibility of increased selling pressure. Source: CryptoQuant However, these sell-off signals and notable XRP transfers have occurred just as the altcoin has broken out from a bullish flag-and-pole price action pattern. XRP Price Action and Key Levels Despite these bearish signals, XRP maintains its bullish structure and is testing a key resistance at $2.60. However, a daily close above $2.62 could confirm a breakout, potentially driving XRP toward $4.42, a 70% surge, in the future. Source: Trading View On the positive side, XRP’s Relative Strength Index (RSI) is below the overbought area, indicating that the asset still has enough room to continue its upside momentum. Current Price Momentum At press time, XRP is trading near $2.52, having experienced a price drop of over 1.90% in the past 24 hours. However, during the same period, its trading volume declined by 18%, indicating lower participation from traders and investors compared to the previous day.