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According to the lawsuit, the scammers contacted a 63-year-old victim via email, stating that her device was infected with pornography. Looking like an extortion scheme, the victim was induced to send money to the scammers using gift cards and cryptocurrencies. In July of this year, the American government confiscated around R$90,000 in cryptocurrencies, claiming that the amount was linked to a crime. What was supposed to be just another common case among many others ended up having an unusual outcome.

In a process document published last Wednesday (8), the scammer asks the FBI to return “his” cryptocurrencies. In his defense, the man claims to have never committed any crime, and that the amount is the result of his work in the insurance sector.

American authorities did not take the bait. In response, they noted that the scammer's claim is false and the amount should not be returned to him.



Scammers make elderly woman their victim, stealing hundreds of thousands of dollars
According to the lawsuit, the scammers had contacted a 63-year-old victim via email, stating that her device was infected with pornography. Looking like an extortion scheme, the victim was induced to send money to the scammers using gift cards and cryptocurrencies.

Among the amounts would be around US$12,000) in Walmart gift cards and more than 3 bitcoins (R$530,000). With the support of broker Paxful, the FBI was able to track these transactions and find other details about the scammers.

Scammer asks the FBI to return ‘his’ cryptocurrencies that were confiscated

Kazakhstan is preparing for the launch of its central bank digital currency (CBDC), the digital tenge, with a senior national bank executive making the first transaction on Wednesday.

As the adoption of blockchain technology picks up pace, central banks have been working to introduce their own CBDCs. One of the common factors among CBDCs is the ease of payments and cross-border transactions.

National Bank of Kazakhstan Takes Giant Leap with Digital Currency Launch

Bitcoin's ascent has reached a remarkable point where its value surpasses that of luxury timepieces from Rolex and Patek Philippe in the secondary market. As Bitcoin continues its upward trajectory, the fervent surge in watch sales during the pandemic has shifted gears, veering toward a more cautious approach amidst soaring interest rates.

Bloomberg reports a substantial decline of 42% in the prices of the 50 most traded watches since their peak in April 2022, coinciding with a 4% decrease in Bitcoin's value during the same period. April 2022 closed with Bitcoin valuing at $37,792.73, and it's currently trading at $36,280.

The Oversupply Quandary Hitting Rolex Prices
This price downturn stems from a previous surge in demand for renowned watch brands like Rolex, Patek Philippe, and Audemars Piguet during the pandemic. However, the current landscape of high interest rates and uncertainties surrounding the US economy have considerably subdued the initial enthusiasm

Why One Bitcoin Can Now Fetch More Than Rolex and Patek Philippe Watches

The price and trading volume of Bitcoin are on the rise, accompanied by unprecedented levels of open interest in Bitcoin options, surpassing $17 billion.

A previous all-time high of $16.35 billion had been recorded shortly before this latest surge.

Market hype continues for Bitcoin options
Investors have the right to buy or sell an asset at a predetermined price on a future date through options. An increase in open interest in Bitcoin options is viewed positively by the market, signaling a rise in investor funds flowing into the market.

At the initiation of the contract, the execution price is set, and the cost of obtaining the option, known as the premium, is paid at that moment.

Bitcoin (BTC) Options Open Interest Reaches Record-Breaking Highs

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On November 14, CNN reported that the U.S. House of Representatives approved a temporary funding bill to avert a government shutdown. The bill did not include additional assistance for Ukraine or Israel.

The U.S. House of Representatives approves spending bill without aid to Ukraine.

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