In a significant development for the crypto landscape, a recent security breach has rocked the market. According to a report from COINOTAG dated March 4th, SlowMist Cosmos announced via the
According to recent data from Coinglass, the cryptocurrency market experienced substantial net outflows over the past 24 hours, highlighting investor sentiment and market dynamics. Bitcoin led the trend with a
Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide , including a city of Mentor resident, have been identified. Court documents reveal that the victims lost more than $4.9 million, and the FBI is currently identifying five more accounts and their owners that are potential victims. Also, the US Attorney’s Office of the Northern District of Ohio has submitted a civil complaint requesting the forfeiture of 8,207,578 Tether valued at around $8.2 million . Authorities revealed that the victims were convinced to invest in cryptocurrency scams through messaging using random phone numbers. ‘Wrong Number’ Scam Targets Unsuspecting Victims To Invest In Fake Crypto Projects The FBI and the US Attorney’s Office of the Northern Ohio District work overtime to bring the scammers to justice. According to court documents and stories of victims, the scammers sent them messages from random numbers, pretending they had reached the wrong number. Then, the scammers will befriend the recipients to gain their trust and convince them to invest in a cryptocurrency scam. According to the FBI, 33 victims have already been identified, and five more are being considered, with losses exceeding $6 million. From Crypto.com To Another Wallet “A.H.”, one of the victims from Mentor, Ohio, shared how the scammers reached her. She shared that the scammer sent her a message in November 2023, and they soon started exchanging messages about religion and hobbies, which she believed to be a resident of Seattle, Washington. After gaining her trust, the scammer convinced her to consider digital currency investments. “A.H.” revealed that she invested $250k into the project after she was told to set up an account at Crypto.com and wire the funds to the exchange. Then, she added that she was instructed to send the money to a specific crypto address. Investigators Look At Blockchain Data To Track Funds After receiving the complaint from “A.H.”, Investigators immediately reviewed and tracked the transactions on the blockchain. The FBI’s Internet Crime Complaint Center led the investigations, and the team discovered that some of the missing funds were swapped for Tether. After getting a federal seizure warrant, Tether immediately complied, froze the funds, and promptly transferred these to the authorities. On February 27th, acting US Attorney for Ohio Carol Skutnik and assistant US Attorney Morford requested that all funds be transferred to three crypto addresses so that they could facilitate the return of the money to scam victims. Featured image from Reuters, chart from TradingView
In a recent update from COINOTAG News, March 4 marks a pivotal moment as President Trump confirmed the implementation of U.S. tariffs on Mexico and Canada. This announcement has incited
Samson Mow warns that if Trump’s crypto reserve includes random altcoins, it could accelerate market chaos, turning it into speculation rather than a real financial strategy. Samson Mow Analyzes Trump’s Crypto Reserve: Can the President Pick Any Coin? Samson Mow, a prominent bitcoin advocate and CEO of JAN3, voiced skepticism on March 3 on social
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave. Ethereum Price Dives 15% Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin . ETH gained bearish momentum below the $2,400 and $2,350 support levels. There was a clear move below the $2,250 support zone and the 100-hourly Simple Moving Average. The price even dived below the last low and tested the $2,000 zone. A low was formed at $2,003 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low. Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $2,080 level. The first major resistance is near the $2,150 level. There is also a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD. The main resistance is now forming near $2,275 and the 50% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low. A clear move above the $2,275 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,160 resistance, it could start another decline. Initial support on the downside is near the $2,020 level. The first major support sits near the $2,000 zone. A clear move below the $2,000 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,640. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,000 Major Resistance Level – $2,160
The recent announcement of a U.S. “Crypto Strategic Reserve” has ignited a significant shift in the cryptocurrency market, as Bitcoin challenges its prior dominance. The move has generated both excitement
The post Ripple Lawsuit News: Pro-XRP Lawyer John Deaton Says ‘Trump Has To Drop’ The Case appeared first on Coinpedia Fintech News On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP’s value surged from $2.23 to $2.99. But can the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could affect everything. Fox Business’ Charles Gasparino pointed out that the case between Ripple and the SEC has big consequences for the future of XRP and the U.S. economy. He believes that if former President Donald Trump doesn’t act soon and the SEC continues its case against Ripple, it could hurt American investments in cryptocurrencies. However, Crypto Law founder and attorney John Deaton pointed out something interesting: the Ripple lawsuit was filed just before the end of Trump’s first term, under the leadership of SEC Chairman Jay Clayton. Now, four years later, XRP has a chance to be a part of a major global cryptocurrency reserve. Deaton argues that if Trump does not intervene and the case continues, the U.S. could lose out on big opportunities in the growing crypto market. “He has to drop it,” Deaton said. What’s Next for XRP? The future of XRP and Ripple largely depends on how the case with the SEC plays out. If Ripple can resolve the issue, XRP could become a major part of the digital currency world. As Deaton said, this is a critical moment for the entire crypto industry, not just Ripple. How the SEC case is handled will impact not only XRP but also the future of cryptocurrency in the U.S. and beyond. In conclusion, while the road ahead for Ripple and XRP is still uncertain, one thing is clear: the decisions made in this case could shape the future of cryptocurrency, with XRP playing a key role in the new world of digital finance.
Bitcoin and XRP holders are shifting their focus to five explosive cryptos that could deliver life-changing gains. These hidden gems are poised for massive growth in 2025. Don’t miss out on the next big opportunity!”, OFFICIALMAGACOIN is surging ahead, already raising $3.7 million in its presale and gaining serious investor interest. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN NOW! Altcoins That Could Deliver 100X Returns While Solana and XRP are well-established, emerging altcoins like OFFICIALMAGACOIN present the biggest upside potential. Here are five cryptos set for explosive growth: OFFICIALMAGACOIN: With a presale price of $0.0002165, OFFICIALMAGACOIN has gained immense traction, raising over $3.7 million. Analysts predict a surge to $1 by 2025, making it a must-watch for high-growth investors. Tron (TRX): Trading at $0.228, TRX remains a dominant force in decentralized applications but lacks the breakout momentum of newer coins. Cardano (ADA): Valued at $0.66, ADA’s slow but steady growth makes it a long-term play, but it doesn’t match OFFICIALMAGACOIN’s explosive potential. Injective (INJ): Priced at $13.89, INJ is gaining traction in DeFi but faces stiff competition from established projects. Chainlink (LINK): Sitting at $15.25, LINK remains vital for smart contracts but lacks the high-growth catalyst of OFFICIALMAGACOIN. Comparative Snapshot Cryptocurrency Current Price Growth Potential OFFICIALMAGACOIN $0.0002165 Extremely High Tron (TRX) $0.228 Moderate Cardano (ADA) $0.66 Moderate Injective (INJ) $13.89 Moderate Chainlink (LINK) $15.25 Moderate DON’T MISS OUT—INVEST IN OFFICIALMAGACOIN TODAY! Why OFFICIALMAGACOIN Is the Ultimate Pick Unmatched Presale Success: Raising over $3.7 million proves strong investor confidence. Ground-Floor Opportunity: Unlike established coins, OFFICIALMAGACOIN offers maximum upside for early adopters. Exclusive Bonuses: Investors using MAGA50X get a 50% bonus on their purchase. Visit: officialmagacoin.io X/Twitter: https://x.com/officialMAGAx Continue Reading: $1K to $100M? Bitcoin & XRP Investors Are Targeting These 5 Altcoins with Explosive Potential
Critics say the "future" reserve will turn Bitcoin-only, rejecting Trump’s altcoin-friendly stance.