Bitcoin

Omaha Man Loses $200,000 in Bitcoin Scam

Published

8 months ago

12 June, 2024

Omaha Man Loses $200,000 in Bitcoin Scam

A 70-year-old Omaha man lost $200,000 to a Bitcoin scam involving an alleged Chinese pornography company.

According to an Omaha police report, the scam began on May 27, when the man received an alert on his computer screen from a scammer posing as Microsoft, telling him to call the phone number displayed. The man told police he immediately called the number.

The scammer, who was not identified, responded and told the man that a “porn crew” in China would withdraw $32,000 from the man’s bank account if he did not act immediately.

The scammer told the man he needed to withdraw $32,000 from his account and send the money in Bitcoin. The man obeyed.

The man continued sending money, including from his individual retirement account, to the scammer via Bitcoin until Friday. Days later, the man went to his bank to withdraw another US$40,000. Bank employees told the man he was the victim of a scam and to stop sending money.

The man told police he lost about $200,000 from the scam.

The Bitcoin Scam Appeared to Use Multiple Tactics Ryan Sothan, who is the outreach coordinator for the Nebraska Attorney General’s Office, outlined to The World-Herald in October. The scammer created a scenario too bad to be believed and used high-pressure tactics to get the man to send money via an unconventional payment method.

The Attorney General’s Office and the Better Business Bureau encourage victims of fraud to report fraud to local law enforcement agencies. The BBB also encourages people to report scams to the organization’s scam tracker online at bbb.org/scamtracker.

Main featured topic

Four Nebraska law enforcement nonprofits raised less than $1 million of the $6 million raised between fiscal years 2009 and 2022, according to a World-Herald analysis of IRS records.

You want to donate money to a non-profit organization, how can you be sure your money will help people?

Police have made an arrest in connection with the shooting death of an 18-year-old man Saturday at a tobacco store in northwest Omaha.

Two people were taken to a hospital Sunday morning, including one with life-saving measures underway, following a shooting at the Los-Diablos Motorcycle Club in North Omaha.

Jack Olson is now awaiting trial on federal criminal charges of tax evasion, wire fraud and conspiracy in connection with his fundraising activities for the Omaha Latino Peace Officers Association.

Omaha police responded to a shooting Saturday afternoon that left one man injured, authorities said.

A 27-year-old Omaha man has been arrested on suspicion of first-degree murder in connection with a May homicide.

A 36-year-old Omaha woman was arrested on suspicion of setting fire to her own home, according to the Omaha Fire Department.

The man, known as one of Colorado’s most notorious sex offenders, will face life in prison when he is sentenced in August.

A 30-year-old Council Bluffs man died from his injuries Thursday after a 17-year-old boy allegedly crashed his motorcycle on L Street in Omaha, according to authorities.

Lorenzo Washington’s second-degree murder sentence stems from his April guilty plea to the June 2022 murder and sexual assault of 58-year-old Rita Hash.

A vehicle fire on westbound Interstate 80 near the 96th Street exit caused minor traffic delays Thursday afternoon.

Omaha police are investigating two shootings that reportedly occurred overnight Wednesday and Thursday.

An ambulance was stolen from a metro hospital Wednesday night before crashing in northwest Omaha. The suspect, a man, was injured and taken to UNMC in serious condition.

Wymore Police Chief Bobby Martinez is stepping down to take the same position in the Valley.

An Omaha woman found guilty of manslaughter and using a firearm to commit a crime in a shooting outside a Florence neighborhood bar was sentenced to 45 to 65 years in prison.

A 40-year-old woman accused of helping a 42-year-old man evade law enforcement last week was ordered held on $250,000 bail.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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