Category: Coins

• Yescoin founder Zhang Chi was arrested after a dispute with his company partner in Shanghai.
• Yescoin announced that the operation continued, but problems with the token introduction and the unclear current situation ensure skepticism.

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If a crypto grows quickly, the hopes and expectations of the community also increase. But behind the scenes there are sometimes disputes that endanger the life capacity of the project.

This time there was an internal conflict because of a game project called Yescoin, which is developed on sound. Zhang Chi, founder of the project, was in Shanghai by the police due to an advertisement by his partner Wang Mouxin arrested.

The Yescoin community is concerned about this incident, especially because it happened after repeating delays in the token introduction.

pic.twitter.com/gRbVHUmxEz

— Yescoin (@Yescoin_Fam) March 7, 2025

Internal conflict led to criminal complaint

Initially, the conflict between Zhang and Wang seemed to be a typical business problem. But the situation came to a head when Wang showed his partner Zhang with the authorities. Due to the advertisement, Zhang is now in police custody.

In view of the annoyance of the community about the multiple delays in the introduction of the tokens, the users of Yescoin begin to think about the future of the project. Many are wondering whether the project can run stable as the last planned date on March 31.

Yescoin im TON-System

The Telegram Open Network (sound), on the other hand, is expanding after the strengthening of the partnership with the Telegram Messenger by the Open Network Foundation after the strengthening of the partnership. As CNF reported, this partnership makes sound a exclusive blockchain infrastructure used for mini apps on Telegram.

To do this, all blockchain-based apps on Telegram must switch to the tone network before February 21. The measure is intended to increase the acceptance of the sound blockchain in the 950 million daily users of Telegram.

But given the current situation in which Yescoin is located, the community wonders whether the project can continue as planned.

Return of Flappy Bird and the game trend on Telegram

On the other hand, Flappy Bird, the nostalgic mobile phone game from 2013, returned to Telegram in September 2024. It is fascinating that the latest version of the game enables users to link their crypto wallets with the game using the sound blockchain.

However, the original developer of Flappy Bird, Dong Nguyen, made it clear that he was not involved in the latest version and does not support any cryptocurrencies.

The fact that Flappy Bird returns to Telegram indicates that blockchain-based games focus on the platform. However, the example of Yescoin shows that blockchain-based projects not only have to solve technical problems. The key is the trust of the community, and as a result, any internal conflict can significantly harm the course of a project.

The Yescoin team argues that its network is still running regularly and that despite the arrest of the founder, one campaigns for the preservation of the stability and trust of the community. But the reputation is damaged and it is not easy to restore it.

• On March 5, 2025, Hacker used a weak point in the outdated smart contract from Fusion V1 and captured the equivalent of over $ 5 million.
• The attack underlines the risks of outdated software. Concerned investors are wondering how common such sloppiness could be on other projects.

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Recently, 1inch, a liquidity aggregator platform, was via a weak point in her outdated Smart Contract attacked. So hackers managed to steal cryptocurrency worth around $ 5 million. The event makes the need to keep critical systems in terms of software on a current security standard.

Outdated code is a deeper cause of the disaster

On March 5, 2025, the 1inch team discovered suspicious activities that led to the fusion V1 Smart Contract hacked. Using the weaknesses in the outdated code, the hackers captured about 2.4 million USDC and 1,276 Weth-over $ 5 million.

Fusion V1 itself is no longer supported by 1inch. Although some resolvers still use the outdated, unsafe version Fusion V2, the latest issue contains larger security measures. This is an important lesson for everyone who is in default in an open source environment like Defi with upgrades; Hackers find easy goals here.

Defi security requires current updates

This episode shows how dangerous it is to combine technological innovations without security improvements. They always advise all integration partners – including the resoles – to an immediate update when 1inch publishes a new version of his protocol. But not all heed this advice; After all, some still work with systems that have security gaps.

This type of attack is nothing new in the crypto area. Like burglars that are targeting houses without alarm system or doors with outdated locks, hackers often look for weaknesses in outdated systems. Strategies to weaken the problem have been developed, but many system operators and users are not aware of the major risks associated with the postponement of security upgrades.

1inch Swap API-Integration von Rango Exchange

In addition to these negative news, there are also encouraging developments that show that many other platforms 1inch continue to trust. On March 6, 2025, Rango Exchange said that the 1-inch swap API is now being used. This measure aims to improve trading experience, liquidity and execution efficiency for your users.

Rango Exchange dealers can benefit from a more ideal trade version by this integration. Conversely, this also shows that 1inch remains a popular choice in the defi ecosystem despite the security problem.

Improved wallet security with Ledger Stax and Flex support

It is fascinating that 1inch continues to work to improve security for its customers when using his digital wallet. According to CNF, 1inch Wallet now supports Ledger Stax and Ledger Flex, two devices that are intended to increase transaction safety through easy-to-use e-link touchscreen functions.

Tony Fadell, the man behind the popularity of the iPod, developed Ledger Stax. With this device, users can personalize the 3.7-inch, curved e-link screen with NFTS or pictures of your choice. Ledger Flex emphasizes security, although its 2.8-inch flat screen is easier.

Although there are encouraging news about the development of the platform, the effects of this cyber attack in the industry can still be felt. The 1inch token is traded at around $ 0.2262 at the time this article is created; It has fallen by 1.04 % within 24 hours and 6.84 % in the last 7 days. This price fluctuation reflects the reaction of the market to the latest incident.

• The MICA regulation of the European Union on markets for cryptocurrencies has introduced a comprehensive framework for monitoring the security of the crypto sector.
• Bitcoin-Miner can now continue to secure the network without additional reporting obligations that could have complicated its business models.

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The European Securities and Market Authority (ESMA) has Bitcoin (BTC) -Miner and Proof-of-Stake (POS) validator from the Reporting for Market abuse As part of the EU Ordinance on Major Mountains (Mica) freed. This decision marks an important distinction between providers of crypto-asset services (CASPS), such as stock exchanges that have to comply with strict regulations, and miners and validists who primarily facilitate blockchain transactions and are not directly involved in commercial activities.

In December 2024, ESMA set its point of view which companies fall among people who arrange or carry out transactions professionally (PPAETS). Originally there was uncertainty as to whether miners, validers, builder and Searcher have to monitor and report suspicious activities on the cryptoma markets.

However, ESMA officially excluded these groups from the PPAET classification and ensured that they are not obliged to pursue market abuse. Instead, casps such as cryptocurrency exchanges will be responsible for market surveillance and compliance.

Patrick Hansen, director of EU strategy and policy at Circle, praised the Esma for their balanced approach in regulation. He explained: “An important decision by the ESMA. And it is easy to see that it has taken into account and emphasis the potential negative effects for the industry and the EU, how another decision could have made these miners/validers to leave or avoid the EU to settle down in the EU and shift innovations abroad. “

The global shift in Bitcoin mining

Despite his positioning as a pro crypto president, Donald Trump’s trade policy has hurdles for Bitcoin-Miner in the USA created. A big concern for the Bitcoin miners based in the USA are Effects of tariffs On Chinese imports. While these tariffs were to protect American industry, they have raised the costs of mining hardware, an important component of the Bitcoin mining operation.

The Bitcoin mining depends on application-specific integrated circuits (ASICS), which were specially developed for mining digital assets such as Bitcoin. However, almost 98 % of the ASIC miners are produced by Chinese manufacturers such as Bitmain, Microbt and Canaan. Due to the tariffs for Chinese technology imports, US mining companies are faced with higher costs and possible interruptions of the supply chain, which makes it more difficult to scale and remain competitive on the global market.

While some countries issue stricter regulations, Belarus has a different path. President Alexander Lukaschenko Has asked the officials to improve the country’s energy infrastructure and to use the mining of cryptocurrencies as a way to use excess electricity and at the same time attract foreign investments. With an oversupply of electricity, Belarus positions itself as a crypto-mining-friendly nation.

Government officers were commissioned to tighten the regulations and to develop concrete proposals to promote investments in this sector. This strategy could help Belarus compete with other nations in the global crypto mining industry. In addition, the Russian State Duma has passed a law that legalizes Bitcoin mining and allowed the use of cryptocurrencies in international trade.

As reported in our 2024 reportthe law was passed with 404 votes in favor, which corresponds to 89.8 % of the total number of votes. This change in law signals the intention of integrating cryptocurrencies into its broader economic and trade strategies.

• Cryptoquant attributes the increase in Binance StableCoin reserves to institutional investors in anticipation of favorable market conditions that have moved a lot of capital.
• Binance seems to increase its reserves in order to be able to serve the increased demand for trading pairs and large -scale transactions.

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New statistics from Cryptoquant have shown that Binance’s stable coin reserves have risen to more than $ 31.3 billion, an all-time high. This dramatic increase indicates a dramatic increase in liquidity on the platform, which could pave the way for higher trading volumes. Since stablecoins act as a gate for cryptophaders in order to simply get in and out of positions, this message indicates a developing house-in-house mood on the market.

Binances StableCoin reserves reach ATH

The world’s largest crypto exchange Binance has had significant tributaries for stable coins in the past few weeks. Increased reserves of these cryptocurrencies usually indicate that investors are preparing to take strategic market positions. Such a trend was always preceded by strong market resolutions, which means that the dealers could prepare the soil for a new price movement.

According to one Contribution The analysts from Cryptoquant indicate two key factors that cause this increase in the stable coin reserves. First, institutional investors seem to transfer large capital amounts into Binance, possibly in expectation of favorable trade conditions. Such movements often reflect trust both in the stability of the stock exchange and in the wider cryptoma market. Second, Binance seems to increase its reserves itself to support the increased demand for trading pairs and large -scale transactions.

To another context: Stable coins are a buffer for liquidity and enable an immediate introduction to assets such as Ethereum and Bitcoin in times when the market is growing. As a rule, an increased purchase pressure is preceded by an increase in the reserves, which indicates that investors are stocked in order to relieve capital at due time. In the past, such tendencies fell together with phases of the housesee in the crypto sector, in which an increase in liquidity led to a price increase.

However, market participants are still vigilant, since external forces also influence the crypto trends. Macroeconomic conditions, regulatory updates and institutional moods still determine the market direction. Although the steady influx of stable coins to Binance is an encouraging sign, the dealers pay close attention to other market indicators before they go into fixed positions.

Investors act carefully

Despite the optimistic image, which results from the growth of Binance’s stable coin reserves, regulatory developments are still an important factor, as mentioned in our previous article. Governments and financial supervisory authorities around the world continue to work on their policy in terms of cryptocurrency exchanges and stable coins, and such developments can have an impact on market dynamics. Investors observe the explanations of the regulatory authorities carefully and are aware that political developments could further strengthen trust or create new ambiguities.

In addition, Binance, as the most active actor for digital assets, has a significant impact on market liquidity and the trade pattern. The growth of the stable coin reserves indicates a growing demand for crypto transactions. This change in liquidity can lead to an increased short -term market activity, especially if retailers try to benefit from the better conditions.

• Senator Elizabeth Warren interviewed Trump’s crypto representative David Sacks on possible conflicts of interest.
• Sacks had previously explained that he had sold his crypto-assets before taking up his office as a crypto representative.

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US Senator Elizabeth Warren wrote a letter to Trump’s David Sacks to the crypto officer and asked him about a possible conflict of interest. In the letter, Warren Sacks accused of investing Bitwise Investment funds who hold five top cryptocurrencies.

Sacks accused of investing in cryptocurrencies

These include Bitcoin (BTC), Ethereum (ETH), Solana (Sol), XRP and Cardano (ADA). Above all President Donald Trump recently targeted these assets for the establishment of a national cryptocurrency reserve. She are also among the top 10 assets on market cap.

In her letter, Warren questioned the investment of sacks in the five cryptocurrencies contained in Trump’s crypto reserve. She claims that the support of the government for the blockchain industry would drive up the values ​​for existing owners, which raises questions about conflicts of interest in civil servants such as Sacks.

Sacks is a special government agent in Trump’s second term. How In our recently published article describedSacks is a former supporter of cryptocurrencies. In an interview from 2017, he said Bitcoin would change the Internet.

Trump emphasized that sacks would work on the development of a legal framework that would create clarity for the crypto industry. However, Sacks offers certain exceptions from the ethics rules. For example, he can maintain the confidentiality of his financial reports.

Meanwhile, Trump’s announcement of a cryptor reserve triggered a global cryptorally $ 300 billion on Sunday. BTC, ETH, SOL, XRP and ADA recorded above -average profits after the rally, which Warren’s interest in Sacks’ alleged investment in BitWise aroused.

Hard times for David Sacks

The senator asks about the identities of those who helped Trump to choose the five cryptocurrencies. In her letter, she also asked how many of them were subject to the laws about conflicts of interest. She also asked Sacks about all relevant shops made by someone who had worked on reserve policy before Trump’s announcement.

The senator also demanded that sacks publicly announce all the reports he personally submitted to the Office of Government Ethics. In addition, she wants the Crypto Czar to publish evidence that it has sold its stocks to the cryptocurrencies listed.

Warren and other critics argue that Sack benefits from the nation’s cryptocurrency reserve because he keeps investments in the five cryptocurrencies. Sack said that he separated from all his crypto investments before joining the administration.

However, the debate about whether Sacks’ risk capital company Craft Ventures has kept their investment in Bitwise continues to split the community. Despite the persistent concerns, the CEO von Ripple, Brad Garlinghouse, has promised its support for Sacks’ regulatory initiatives.

How In our previous contribution emphasized Sack’s plans for a comprehensive regulation of digital assets outlined. The initiative of the Crypto Czar aims to create a crypto-friendly legal framework that supports blockchain innovation and at the same time keeps the business with digital assets within US jurisdiction.

• Ripple further develops the XRPL infrastructure with domains that allow access control to be able to implement KYC and AML-compliant regulations for use.
• Proof of authorization is verified without personal information on the chain, which guarantees data protection and at the same time meets the regulatory requirements.

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With the introduction of permissioned domains (XLS-80), the XRP Ledger (XRPL) is a leader in the development of the on-chain financial infrastructure. It is a proposed change that aims to improve compliance, security and institutional acceptance. The step is intended to create regulated rooms for blockchain transactions in order to give financial institutions the opportunity to create structures that are compliant law and at the same time maintain decentralization.

Die in XRPL Permissioned Domains

Permissioned domains bring an access control function in XRPL, which enables institutions, companies and issuers to determine preconditions for the participation of users in certain financial transactions. This ensures that only authenticated users can access certain areas of the network with valid legal proofs.

In contrast to permissioned blockchains that run in silos, permissioned domains run on the current XRPL network. The system enables domain owners to apply supervisory regulations so that they can be KYC and AML compliant without sacrificing the privacy of the users. Instead of storing personal information on the chain, the LEDGER only authenthies whether a user has the required login information.

Institutions that Permissioned Domains use can use a domain object to determine access criteria that define the registration data required for participation. Users must submit checkable login information in order to get involved in the defined area, whereby all participants must meet regulatory and security requirements.

This method offers a number of advantages:

• Regulatory alignment: Financial institutions are able to carry out blockchain transactions and to comply with the legal and compliance regulations.
• Controlled transfer of assets: The institutes have better control over the financial flows and can thus prevent the penetration of unauthorized persons from entering.
• Data protection -oriented verification: The network verified registration data without revealing individual user information.

With these functions, which are native integrated in XRPL, permissioned domains create a trust-oriented system in which institutions feel safe when accessing blockchain financing. One of the main benefits of permissioned domains is its function to enable permissioned dex, a new version of the decentralized XRPL exchange that is suitable for institutional finances. Although the current XRPL Dex enables an open and unregulated trade, financial institutions need managed environments to ensure compliance with regulations.

Restricted order books enable permissioned dex access to trading pairs within Permissioned Dex for users with authorized cancellation information. The system enables institutes to token stable coins and RWAs and to carry out transactions in an authorized participant environment.

Important features of Permissioned Dex are:

• Limited access: Exclusive trade for users who have legitimized themselves.
• Regulates asset trade: Institutions have the opportunity to act in compliance-capable ecosystems.
• Decentralization with permissioning: Instead of relying on private trading chains, institutions can use the XRPL Dex core and at the same time undergo a authorization test.

Proof of authorization and community votes

The model of permissioned domains expands the credentials and decentralized identifiers (DidS), which are crucial for on-chain identity management on XRPL. Access to an approved domain must first be based on the possession of the necessary proof of authorization that is confirmed on the chain. By using credentials and permissioned domains, XRPL increases security, data protection and institutional access in blockchain finance.

However, the dependence on the XRPL Government process is important when introducing permissioned domains. Members of the community and validators can vote on changes in their support for the implementation of XLS-80 and thus pave the way for the next stage of institutional blockchain financing on XRPL.

• Ali Martinez, sought-after expert in crypto analysis, identified a positive setup at XRP competitor Stellar.
• In contrast, Bitcoin has a hard time on the market and is again well below $ 95,000.

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The cryptocurrency market is still characterized by volatility, whereby Stellar Lumens (XLM) and Ripples XRP stand out as two of the most observed digital assets. Both assets have recorded impressive profits last week, but are currently facing short -term setbacks.

In an X-Post Ali Martinez said that Stellar has to form a bullish flag since November 2024. The 600%rally in November formed the flagpole of the pattern, and the consolidation phase that we have experienced since then forms the flag of the pattern. Now a sustainable breakthrough over the resistance of $ 0.42 could trigger an upward run to $ 1.60, which corresponds to a price increase of 300 %. “

A bullish flag is a classic technical pattern in which a strong price increase (flag rod) follows a consolidation phase (flag) before another potential increase takes place. If XLM breaks through the brand of $ 0.42, retailers could experience a significant increase in the course in the coming weeks.

In the past week, XLM recorded an increase of 14.26%, but fell by 2.36%in the last 24 hours.

In the meantime, XRP has shown mixed signals and has risen by 24.71% in the last week, but has fallen by 3.06% in the last 24 hours and is now listing at $ 2.54.

While the price development of XRP Volatil remains, also martenz It is that the TD sequential indicator on the XRP’s two-week chart shows several sales signals, which indicates a potential shift in the momentum. This could indicate a withdrawal or consolidation before the next major movement.

The TD Sequential indicator is flashing multiple sell signals on the $XRP two-week chart, suggesting a potential shift in momentum! pic.twitter.com/SiyV454FIY

— Ali (@ali_charts) March 7, 2025

Despite these declining signals, XRP whales have accumulated aggressively. The analyst reported that whales bought over $ 90 million XRP over the past 72 hours. This whale activity indicates that institutional and wealthy investors continue to rely on the long-term potential of XRP even in the event of short-term price fluctuations.

Bitcoin price outlook

Bitcoin (BTC) was also in the spotlight on the wider cryptomarkt, with the recent price movements attracting great attention. Analyst ali raised that Strong interest from whalesoutafter BTC had fallen under $ 88,000 on February 24th. Bitcoin has recovered since then and is currently being traded at $ 89,077 after it 10,80 % has increased. Martinez found that whales have accumulated over 20,000 BTC since the break -in, which is a sign of trust in the asset at this level.

Historical data also indicate that BTC could approach a trend reversal. The dealer’s loss of loss, a key indicator, has triggered Bitcoin recreation in the past when it reached -12 %. It is currently -15.4 %, which could indicate that BTC is equipped for a strong comeback.

Another positive factor for the prospects of Bitcoin is the decreasing range on the stock exchange, since investors store their BTC in the long term. Martinez wies It was that more than 25,000 BTC have been deducted from the stock exchanges in the past two weeks. This shows that both dealers and institutions keep their BTC in anticipation of a price increase, which reduces the available offer on the stock exchanges and potentially drives up prices.

The recent developments on the regulatory front have further influenced crypto dynamics and reinforced the dynamics of the market. US President Donald Trump recently announced the formation of a new strategic reserve for cryptocurrencies, which includes Bitcoin, Ethereum (Eth), Ripple, Solana (Sol) and Cardano (ADA).

• The SIMD-228 proposal could press inflation in Solana to less than 1% and dynamically adapt the staking premiums to the participation rates.
• The supporters see the advantages of economic stability and scarcity, while critics warn of possible centralization.

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A new Governance proposal, SIMD-228, is to redesign the economic basis of the Solana blockchain by changing the manner of the output of Solana (SOL) brands. The community is divided, with strong voices for both and against the change. If the proposal is accepted, Solana’s inflation rate could drop to less than 1% and the incentives for staking could be redefined.

SIMD-0228:

As we head to the vote in epoch 753, I am proud to share that we have spent almost two months discussing SIMD-0228 in public. (Check screenshot for details).

Throughout the process, we incorporated several pieces of community feedback:

1. Transitioned from a… pic.twitter.com/0g138cFGY8

– Vishal Kankani (@Kankanivishal) March 6, 2025

The proposal provides for a flexible system for the output of tokens. Currently, Solana follows a fixed annual inflation rate of 4.6 %, which drops by 15 % each year until it levels off at 1.5 %. The new method would be based on how many people use their tokens. If the missions fall below 33%, the rewards are increased to achieve more operations. When too many people get in, the rewards shrink, which lowers inflation.

65 % of SOL-TOKEN are currently covered. Experts predict that with the new method, inflation could drop to less than 1 % per year. This shift could make it more difficult to get SOL, which could increase its value while the token offer is checked. A vote is planned for era 753, which could begin this weekend.

Community leaders argue about proposal

The discussion about SIMD-228 has attracted the attention of important personalities in the Solana room. Mert Mumaz, the founder of Helius, supported the idea and said that the network must change its financial working method. In an X-posting, he made it clear that the adoption of SIMD-228 would strengthen the network. Helius even has one Detailed breakdown published about what the proposal could mean.

On the other hand, the President of the Solana Foundation, Lily Liu, warned for caution. She criticized the proposal as “too half -baked” and warned that unpredictable deployment can be deterred institutional investors. Your concerns underline general uncertainty about how the markets will react when the proposal is implemented.

The authors of the proposal, Jain and Kankani, have defended their work and emphasized that they has been discussed for almost two months. They argue that feedback from all over the community has been incorporated into the proposal, which makes him a well -checked strategy for the economic future of Solana.

Possible effects

The proponents claim that the new model could avoid hundreds of millions of dollars of unnecessary loss of inflation, from which the long-term Sol owners would benefit. The supporters argue that the network will gain value over time, since the SOL offer is better tailored to demand.

The Zuca engineer Trent.sol praised the proposal because he creates a balance between network security and economic sustainability. The proposal aims to adapt the token emissions to the actual demand for missions and ensure that Solana does not pay too much for the safety of the network if the participation is already high.

However, critics fear unintentional consequences. Smaller validers could experience a decline in profits, which could lead to stronger centralization if only large players can afford to work profitably. In addition, any incorrect calculations in the new emission model could destabilize incentives for the use and lead to short -term fluctuations in the value of SOL.

A step towards ultrasonic money?

For those who have the long-term growth of Solana in the eye, SIMD-228 could be a crucial moment. It is estimated that the proposal could lead to a reduction in total emissions by 20.9 %, which adapted to the combination of the token creation. This change could increase the scarcity of Sol and increase its attractiveness for long -term investors.

The changeover would also lead to a better predictability of Solana’s monetary policy. Instead of a rigid, planned inflation, the new system reacts dynamically to the network conditions, which could stabilize the token value and at the same time reward active participants. In addition to the SIMD-228 proposal, Solana also revealed a lattice-based hashing system to solve the “State Growth” problem

• The North American Securities Administrators Association Nasaa holds Kr KRYpto fraud by social media in 2025 for perhaps the greatest danger for investors. dar.
• MPs in New York are pushing for the draft law A06515 for the introduction of strict punishments for crypto fraud.
  

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In the world of digital investments, fantasies can become nightmares in a few seconds. The investors are even more at risk because a current one Message The North American Securities Administrators Association (NASAA) showed that fraud with crypto systems and social media have increased significantly.

The fraudsters use social media, instant messaging and now also AI to deceive possible victims, and constantly change their techniques. They design fake investment plans based on phishing that promise big returns, produce videos to create credibility and attack digital wallets with phishing techniques.

Crypto fraud skims high

The authorities also noticed this phenomenon. In February, the FBI published an urgent warning of fraud against cryptocurrencies. It found numerous procedures: phishing campaigns that aim at sensitive investment data, manipulations of the token price and fraud on snowball systems. One thing is particularly important for the FBI: never let yourself be tempted by promises about quick money, without thorough research.

Conversely, the authorities in South Korea are already on. In November 2024, the police arrested 215 people who were accused of being involved in a crypto investment fraud worth $ 320 billion.

It was found that the syndicate sold 28 different tokens on more than 15,000 people with the promise of large returns. The syndicate had originally fled to Australia, the leader was finally delivered and is currently under indictment.

Social media: new field of activity for crypto criminals

It is difficult to deny that social media are an ideal intimate market for target group marketing. Unfortunately, these platforms have also turned into a paradise for fraudsters.

According to NASAA, 31.7 % of crypto fraud cases on Facebook and X started, while another 31.3 % about messaging applications such as Telegram and whatsapp were handled. In fact, 19 % of the fraud cases found were related to short video material, including Instagram Reels and Tiktok.

Ironically, many victims were outwit because they felt “close” to the perpetrators. With the help of social engineering methods, the fraudsters initially build personal relationships and then persuade the victims to invest. Many of them believed someone who seemed trustworthy to them due to “recommendations”, so they ended up lost their savings.

Countermeasure tightening: New York urges stricter crypto laws

In the middle of the increase in crime, the legal measures begin to tighten. According to CNF, the legislators in New York debate the A06515 draft law introduced by Clyde Vanel to combat fraud in the crypto sector. The measure aims to introduce new clauses in the Criminal Code, which deal with digital assets in particular with fraud cases.

The draft law mainly deals with criminal sanctions for those who are involved in the theft of private keys and other dishonest actions in connection with transactions with virtual tokens. In view of the growing acceptance of cryptocurrencies, this regulation is considered essential for building a safer ecosystem.

• Russia is driving a pilot project with digital gold systems to find optimal payment procedures for the BRICS group.
• The BRICS countries risk customs increases on the part of the United States to eliminate their dependence on the dollar.

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Russia, a founding member of the BRICS group, drives his plan to reduce the dependence on foreign currencies. According to reports, the country has launched a pilot project for digital gold systems, which caused discussions about the effects on global payment transactions.

Digital gold systems

Report According to the recently launched Russian pilot project, digital gold values ​​wants to use for the processing of international transactions. This step is intended to reduce the dependence of the country on foreign currencies such as the US dollar.

The digital assets are linked to the value of the gold and covered by real gold stored in safe. As part of the pilot program, private individuals can acquire this blockchain-based token for Russian rubles, whereby the repayment is planned by May 2025.

Evgeny Shatov from Capital Lab commented on the development with the words that the pilot program paved the way for further experiments. According to Shatov, this is the first time that gold -covered tokens are used to handle international business. However, he warned that the project is associated with risks and challenges.

It is important to know that several countries are increasingly drawing their attention to gold -covered tokens. This is in line with the aim of the BRICS countries to reduce their dependence on the dollar. With Brazil as a pioneer, the gold bills could also play a key role in the upcoming BRICS payment system.

How CNF reportedthe Russian President Vladimir Putin emphasizes that the system would help to facilitate independent trade between the Brics countries. The establishment of the payment system is a reaction to the desire of the BRICS countries to strengthen their position in the global financial system.

The economist Jim Rickards therefore believes that the BRICS countries can use digital gold in their payment system without having to worry about the constant delivery. In view of the recent strong performance of the gold, a token with gold -down token could soon find its way into global payment transactions. However, it should be noted that this path would be associated with great resistance from the governments, especially the United States.

Donald Trump’s threat to the BRICS countries

While the BRICS block is still looking for alternative payment methods, US President Donald Trump has a serious warning to the block. Trump has threatened the BRICS states with 100% import duties if they turn away from the US dollar.

How In our last short report mentionedthe President asked the blocks of the block to refrain from agreements with other currencies. He pointed out that non-compliance could lead to economic sanctions and a possible exclusion from the US markets.

Later Trump increased customs threat to 150 %, such as In our previous contributionmentioned. The President claimed that his government had noticed a decline in talks about a new currency in the BRICS countries. In contrast to Trump’s opinion, the BRICS members did not subside when looking for new financial possibilities, as the Russian pilot test shows with digital gold systems.

In addition, Wladimir Putin has called for more transactions in national currencies. Some members, such as Iran, still support the formation of a common currency.