A divorced investor’s tragic loss reveals how emotional manipulation, combined with AI technology, has weaponized crypto scams into a billion-dollar crime. A recently divorced Bitcoin investor lost his entire retirement fund, one full Bitcoin, to an AI-powered romance scam orchestrated by a sophisticated criminal using deepfakes. Pig butchering scams are relationship-based frauds that rely on emotional manipulation and AI-generated deepfakes to build trust before extracting maximum financial value from victims. The scammer used AI to create synthetic portraits and conduct real-time deepfake video calls, making the fabricated relationship virtually indistinguishable from reality. Read more
The 2024 US election saw more money and support from the crypto and blockchain industry than ever before, with some experts predicting a repeat in the midterms. Following the 2024 elections, in which an estimated 270 lawmakers with favorable views on digital assets won seats in the US Congress, many cryptocurrency-affiliated organizations and political action committees show no signs of slowing their progress in the next significant election, the 2026 midterms. Likely boosted by advocacy work from organizations — such as the Coinbase-affiliated Stand With Crypto group and whose campaigns were supported by media buys from political action committees (PACs) — a majority of lawmakers in the 119th session of the US Congress took office in January having already expressed views signaling that they would support pro-crypto legislation and policies. In the last year, some of Congress’s work supported that theory. The US House of Representatives passed three significant bills in July as part of the Republicans’ “Cry...
While Circle CEO Jeremy Allaire increased his net worth by a reported 149%, others like Changpeng Zhao and the Winklevosses saw declines. Strategy executive chairman Michael Saylor and other prominent cryptocurrency executives lost billions of dollars in 2025, partially as a result of losses in an October flash crash. According to the Bloomberg Billionaires Index released on Wednesday, Saylor lost $2.6 billion over the previous 12 months, reducing his net worth to $3.8 billion. Gemini co-founders Cameron and Tyler Winklevoss and former Binance CEO Changpeng “CZ” Zhao also saw significant losses due to a “massive slide” in the crypto market in October. “[Strategy’s Bitcoin treasury strategy] generated huge returns through early October, when Bitcoin hit fresh highs,” Bloomberg. “However, things began to turn south soon after as a slump in Bitcoin’s value sent Strategy’s stock price plunging by more than half, dragging Saylor’s net worth down nearly $6 billion from its high-water mark in the process.” Read mo...
The market carnage will likely extend into 2026, with price bottoming out in Q4, but it isn't all bad news, according to early BTC adopters. Bitcoin is likely headed for a challenging 2026, with many analysts expecting the cryptocurrency to extend its late-2025 downturn. Yet even as prices soften, early adopters say the coming year could mark a turning point for Bitcoin’s real-world utility, as payment infrastructure continues to mature and using BTC as a medium of exchange becomes simpler and more accessible. The price of Bitcoin (BTC) may bottom out at about $60,000 in Q4 2026, presenting a buying opportunity, according to early Bitcoin investor Michael Terpin. Terpin forecast: Read more