Australia’s financial watchdog has taken decisive action against a former adviser who allegedly diverted nearly $9.6 million into a cryptocurrency scam, deceiving clients, family, and friends. Massive Fraud Using Fake Crypto Investment The Australian Securities and Investments Commission (ASIC) announced that Glenda Maree Rogan has been banned from offering financial services for 10 years. The regulator claims Rogan falsely told clients their money was going into a high-yield fixed-interest account, but instead transferred $9.6 million into a suspected crypto scam between March 2022 and June 2023. ASIC alleged the funds were sent to a platform called “Financial Centre”, which is…
Author: Blockto Team
Bitcoin dropped sharply to $103,900 following reports of Israeli airstrikes on Tehran, signaling heightened geopolitical tensions with major market ramifications. Explosions Reported in Tehran Amid Israeli Military Action According to reports, Israeli forces launched a series of strikes on targets in Iran’s capital, with explosions confirmed in Tehran. This follows early speculation by Axios and further confirmation by Al-Jazeera. The operation is reportedly focused on dismantling Iran’s ballistic missile infrastructure. Israeli President Benjamin Netanyahu declared the strikes will continue until Iran’s missile threat is neutralized. This follows a recent International Atomic Energy Agency (IAEA) update stating Iran is not complying…
NEAR Protocol is under increased selling pressure, with the token falling sharply even as the network reaches record adoption metrics. The contrast between growing on-chain activity and declining token value has sparked debate around NEAR’s long-term tokenomics and inflation structure. Token Plunges Amid Heightened Volatility NEAR dropped 8.6%, falling from $2.696 to $2.492 within 24 hours. The decline was accompanied by high-volume sell-offs, notably at 17:00 on June 11 and 08:00 on June 12, triggering sharp breakdowns in price structure. The token is now trading below its resistance level at $2.730, with a new support zone forming around $2.445. Massive…
In a troubling development highlighting rising cyber threats in Latin America, the official X (formerly Twitter) account of Paraguayan President Santiago Peña was compromised by hackers promoting a fraudulent Bitcoin investment scheme. False Claims of Bitcoin Adoption Spark Alarm On Monday afternoon, a suspicious post appeared on the president’s X account falsely claiming that Bitcoin had been approved as legal tender in Paraguay. The English-language message also misleadingly offered “$5 million in BTC reserves + access to bonds for crypto-enabled citizens,” while the accompanying image in Spanish urged the public to buy government bonds—raising immediate red flags about the authenticity…
In a major strategic investment, Tether Investments has acquired an approximate 31.9% stake in Elemental Altus Royalties Corp., a Canadian precious metals royalty company. The deal, valued at $89.2 million, is part of Tether’s broader mission to diversify its asset portfolio with long-term, stable-value holdings like gold and bitcoin. A Strategic Move Towards Real-World Assets Tether acquired 78,421,780 common shares at 1.55 CAD ($1.14) per share, representing a significant portion of Elemental’s total equity. This stake gives Tether indirect yet diversified exposure to global gold production through royalty and streaming agreements. Such financial models provide access to revenues from mining…
President Donald Trump reaffirmed his administration’s pro-crypto stance in a short video address at the State of Crypto Summit, committing to supportive legislation and regulatory clarity for the digital asset industry. “Crypto President” Embraces Innovation Speaking to a packed room of industry professionals, Trump said it was an “honor” to be considered a crypto president, and emphasized his administration’s efforts to reverse previous regulatory hostility toward digital assets. “We’re going to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin,” Trump stated in his 90-second message. GENIUS Act: Stablecoins in Focus…
Morpho, a decentralized lending protocol, is making waves in the crypto lending space with the upcoming launch of Morpho V2. This significant upgrade brings fixed-rate, fixed-term loans to decentralized finance (DeFi), offering a level of customization and predictability previously unseen in on-chain lending platforms. A Market-Driven Lending Model Unlike traditional DeFi protocols that rely on over-collateralization and pool-based models, Morpho V2 introduces a flexible, market-driven approach. Users can now make lending or borrowing “offers” instead of pre-allocating capital, enabling the market to determine interest rates organically through supply and demand, rather than using fixed-rate formulas. This intent-based matching system empowers…
Avalanche’s native token AVAX staged a solid recovery after a sharp decline, signaling renewed buying interest near a major support level. This technical bounce hints at potential short-term bullish momentum, provided key demand areas continue to hold. AVAX Drops 5.6%, Then Rebounds on High Volume AVAX fell by 5.6% in 24 hours, underperforming broader crypto indexes, which declined around 3.2% during the same timeframe. The decline pushed the AVAX/USD pair into oversold territory, triggering a sharp rebound. According to recent technical analysis, a recovery followed a 6.46% drop, with the token bouncing back as strong buyers stepped in. Key Technical…
Authorities aim to curb cross-border crypto crime through new tech collaboration with academia. Hong Kong is stepping up its efforts to combat digital financial crime by developing a cryptocurrency transaction tracking tool in partnership with the University of Hong Kong, the region’s Customs and Excise Department announced Thursday. The initiative comes in response to a notable rise in crypto-linked money laundering cases, with officials citing the “transnational and borderless” nature of illicit activities involving digital assets. “These money laundering threats are characterized by a transnational and borderless nature, and no single agency can tackle this problem alone,” said Assistant Commissioner…
Grayscale’s ADA ETF gains traction as analysts anticipate a new wave of altcoin-focused exchange-traded products. Cardano (ADA) just got a major confidence boost in the ETF race. According to Bloomberg ETF analyst James Seyffart, the odds of approval for Grayscale’s proposed Cardano Spot ETF have been raised to 75%, making ADA one of the leading altcoin contenders for a potential “Altcoin ETF Summer.” The revised probability was highlighted by Cardanians, a community-focused X account dedicated to Cardano updates. The update places Cardano among the top crypto assets likely to receive regulatory approval for ETF trading in the near future. “Get…