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Hedera (HBAR) is trending due to a surge in network activity as seen in the market cap of stablecoins on the network. This increase is fueling a HBAR price rally because in the last 24 hours, it has increased by 5.2% to trade at $0.178 today, July 10. Meanwhile, the daily trading volumes have also
The post HBAR Price Hits 1-Month High, Targets 150% Rally As Hedera Network Activity Soars appeared first on CoinGape.
A new variation on crypto crime has occurred as three victims were robbed in a mall parking lot in Bangkok. They were preparing to exchange $100,000 in crypto assets when five assailants attacked them.
The criminals may have been involved in setting up the crypto deal, as happened in a similar incident in Phuket last November. Thai authorities are searching for the perpetrators.
Crypto crimes are at an epidemic level right now, and that can manifest in some extremely bizarre ways. This recent story from Bangkok is a prime example, as crypto was never directly involved.
Instead, the victims pooled together 3.4 million baht (worth about $100,000) to do an in-person transaction, which evidently went south:
Unfortunately, there is a severe lack of other relevant details. Local authorities are looking for the attackers and have plenty of information about the getaway car. However, it may have been stolen before the theft took place.
Further, because this Bangkok theft didn’t involve crypto, there’s no way to monitor blockchain data. The perpetrators only need to launder a bag of cash, which might be incredibly easy.
Thailand has been home to another recent crypto theft, although this one took place far away from Bangkok. In November 2024, a Ukrainian national was robbed in Phuket, an island near the southernmost tip of the country.
Four men kidnapped and extorted him, demanding 250,000 in USDT. After they left, the victim escaped and informed the police.
One of these four robbers was a past associate of the victim, having previously bought USDT from him on several occasions. Hopefully, this 2024 incident may also provide a critical link to today’s Bangkok crypto theft.
Specifically, it seems very possible that the alleged crypto vendors and the robbers are in league or even the exact same people.
Crypto ATMs are not widespread in Thailand, so these Bangkok men needed some other intermediary to exchange cash for tokens.
Whoever offered to make the trade would, therefore, have more than enough information to stage a robbery. This theory seems more likely than the assailants randomly encountering men carrying a sack full of cash in public.
BeInCrypto has been hard at work covering this crypto crime wave, including violent and nonviolent incidents:
The post Armed Robbers Steal $100,000 in a Mall Parking Lot | Crypto Horror Story appeared first on BeInCrypto.
The post Trump Slams Powell Over Rate Cuts: ‘Too Late and Wrong!’ Calls for Fed Chair’s Removal appeared first on Coinpedia Fintech News
U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy.
He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow to act. Trump also mentioned in his post that oil prices and groceries, including eggs, have gone down and the US is benefitting from tariffs.
He notes that Powell should have acted sooner but he still needs to reduce the rates now. He also expressed frustration over Powell’s leadership, calling for his removal. “Powell’s termination cannot come fast enough!” he said.
In his Wednesday speech, Powell stated that the Fed would wait for more economic data before adjusting the interest rates. He also warned that the tariff policies could further push jobs off the track. Besides, he also added that the recent market volatility is a natural reaction to the administration’s shifting trade policies, and that is not something that the Fed requires to intervene.
“For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell said in his speech to the Economic Club of Chicago.
Powell said that the US tariffs could raise inflation and the public would end up paying for it. Trump also called Powell’s report ‘a complete mess’ and warned that Trump’s extensive tariffs on trade partners could force the Fed to make a difficult choice between tackling inflation and rising unemployment. Notably, these remarks further escalates the tensions between the White House and the Fed amidst a politically charged economic period.
Trump’s sweeping and unpredictable tariff policies have left the investors and trade partners unsettled and worrying over its potential impact on international trade. While Trump has urged Powell to cut rates, the Central Bank has held the interest rates steady at 4.25 to 4.5% since the start of the year.
The post Trump Slams Powell Over Rate Cuts: ‘Too Late and Wrong!’ Calls for Fed Chair’s Removal appeared first on Coinpedia Fintech News
U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy. He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow …
The post Analysts Reveal Their Top Bull Run Picks: Here’s Why Cardano (ADA) and Ruvi AI (RUVI) Stand Out appeared first on Coinpedia Fintech News
The cryptocurrency market is heating up, and analysts are already naming their top picks for the next bull run. Two projects that stand out from the crowd are the established giant Cardano (ADA) and the rising star Ruvi AI. While they occupy different positions in the crypto landscape, both share the potential to make a massive impact and deliver significant returns for savvy investors.
From Cardano’s proven track record to Ruvi AI’s innovative solutions, these projects are drawing attention for all the right reasons. Here’s why they’ve landed in analysts’ top picks.
When it comes to dependable blockchain technology, Cardano is often at the forefront of the conversation. Launched in 2017, Cardano has built a strong reputation for its emphasis on scalability, sustainability, and security. At its core is a research-driven approach that has guided its innovative structure, setting it apart from competitors.
Cardano’s ability to handle a high volume of transactions has made it a favorite for large-scale applications. The introduction of smart contracts through its Alonzo upgrade further solidified Cardano’s position as a leading platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and various enterprise-level solutions.
But as mature as Cardano’s ecosystem is, there’s a rising challenger on the horizon that’s generating widespread buzz.
While Cardano is an established heavyweight, Ruvi AI is a bold newcomer that’s quickly gaining traction. This blockchain-powered project is redefining what cryptocurrency can achieve by integrating artificial intelligence (AI) to solve real-world problems across industries like healthcare, logistics, and finance.
Ruvi AI’s debut has been nothing short of spectacular. Its Phase 1 presale has already sold over 125 million tokens, raising an impressive $1.4 million. Early investors seized the chance to buy in at just $0.015 per token, setting the stage for significant growth potential. Analysts predict that Ruvi AI could hit $1 by 2025, marking a 6,570% return on investment for those who got in early.
What truly sets Ruvi AI apart is its ambitious utility-focused model. It’s not just another speculative project. Ruvi AI addresses crucial challenges in industries that are ripe for disruption:
This focus on practical applications ensures Ruvi AI has a bright and scalable future, justifying its place in analysts’ top picks.
Another reason Ruvi AI has become a hot favorite is its VIP bonus structure, designed to reward early adopters.
These incentives combine with its innovative platform to make Ruvi AI especially appealing for both institutional and retail investors.
Cardano and Ruvi AI cater to different audiences, but both projects share a critical quality that sets them apart in the crowded crypto space: utility. Cardano’s legacy as a scalable, smart-contract-ready network ensures its relevance, while Ruvi AI’s groundbreaking approach to AI-powered blockchain applications positions it as a rising star with enormous upside.
For analysts and investors alike, Cardano represents stability and reliability, while Ruvi AI offers the excitement of early-stage exponential growth. This dynamic ensures both projects are likely to thrive in the next bull run.
The crypto market is full of noise, but Cardano and Ruvi AI stand out for the right reasons. Whether you’re drawn to Cardano’s established reputation or intrigued by Ruvi AI’s innovative potential, both present compelling cases for long-term growth. The challenge? Deciding which is the better fit for your portfolio.
If history teaches us anything, it’s that the winners in crypto are those who identify real utility and act early. Will you be one of them?
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The post Analysts Reveal Their Top Bull Run Picks: Here’s Why Cardano (ADA) and Ruvi AI (RUVI) Stand Out appeared first on Coinpedia Fintech News
The cryptocurrency market is heating up, and analysts are already naming their top picks for the next bull run. Two projects that stand out from the crowd are the established giant Cardano (ADA) and the rising star Ruvi AI. While they occupy different positions in the crypto landscape, both share the potential to make a …