Bitcoin

Raleigh woman warns others after Bitcoin ATM scam

Published

6 months ago

18 July, 2024

Raleigh woman warns others after Bitcoin ATM scam

RALEIGH, North Carolina — A Raleigh woman says she was caught up in a complicated and detailed scam that used fear and trust to target her.

Looking back, Pauline Miller said she can’t believe what she did.

Miller said she enjoys cooking and was on a recipe website she visited many times.

“I was scrolling down and all of a sudden my computer froze,” she said.

Miller said his screen went black. In big, bold letters, there was a message that his identity had been compromised. Then, the message started blaring loudly over his speakers.

“Over and over again,” Miller said. “So obviously I was frozen in fear and didn’t know what to do.”

Miller called the number listed in the message. She didn’t realize she had reached the scammers.

“The verbal messaging stopped, so there was a point of relief, and it’s also a point where they start to build trust,” she said.

For two hours, this cycle of fear and trust continued. The scammers convinced Miller that her bank account was at risk and that she needed to withdraw $15,000 before it was lost on the dark web.

Miller described what happened when he went to the bank.

“Nobody at the bank questioned [the withdrawal],” she said. “The only comment I got from the bank was, ‘I hope you’re doing something fun with this.’”

The scammers told Miller they would help keep his money safe.

“You’re in the movies right now, carrying $15,000 in $100 bills,” she said. “I’ve never taken out that kind of money, ever.”

Miller said the scammers told her to deposit the money into a Bitcoin ATM and that they would help her set up a digital wallet.

“I start putting money into it, and it’s like, there again, you kind of look around, and it’s like, is anyone seeing this?” she said. “Like, it was horrible.”

After Miller deposited the money, there was only one more thing Miller was told she needed to do: submit a photo of her Bitcoin ATM receipt and her driver’s license.

Ultimately, Miller said his instincts kicked in.

“I reported it to the Raleigh police,” Miller said.

Detective Chris Gay of the Raleigh Police Department said there have been 31 similar cases involving Bitcoin since September 2023.

“Scammers are good at what they do,” Gay said.

Gay said the number of Bitcoin ATM scams has made this a priority for the department. He warns people that if they hand over cash, there is a very short window to get it back. Gay explained what to do if that happens.

“Call the police department immediately because they have limited time, and that’s a big factor in us recovering these funds,” Gay said.

Raleigh police took Miller’s money from that machine and returned it to her. Miller said it was unusual, but now she’s using her story to warn others.

“If someone tells you that your identity has been compromised, whether it has or not, 10 minutes doesn’t mean anything,” Miller said. “So hang up the phone, call your friend, call the police, call someone and see if, in fact, it’s true or not.”

Miller said she was grateful for the help from Raleigh police.

[5:46 PM] Strong, Pritchard

“The detective I worked with was incredible,” Miller said. “He came to my house to get all the receipts, went to that Bitcoin machine, put tape on it, and subsequently managed to take my money.

“He was still at that machine, and he managed to unlock it and physically brought back all my money.”

Authorities remind people that if they receive a random email or text message, do not click on the links or call the numbers provided.

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Related Topics:5 On your side Bitcoin blows cash machine Raleigh Police WRAL Experts

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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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