### Illegal Crypto ATM Charges in London

**Habibur Rahman**, a 37-year-old individual, has been charged by **Kent Police** for operating an **illegal cryptocurrency ATM** at the **Gadcet mobile phone shop** in London. According to reports, he failed to register the machine with the **Financial Conduct Authority (FCA)**.

Authorities have also accused Rahman of **laundering approximately $394,950** in cash derived from criminal activities through this ATM. Notably, there are currently **no cryptocurrency ATMs** registered with the FCA in the UK.

The FCA has been on a **crackdown** against unregistered bitcoin ATMs since 2023, executing several raids and seizing multiple machines in the process.

Habibur Rahman, 37 has been charged by Kent Police of operating an illegal cryptocurrency ATM in London at the Gadcet mobile phone shop. He was charged with failing to register the machine with the Financial Conduct Authority, according to a…

Illegal Crypto ATM Operations in London: What You Need to Know

# Americans Lost Billions to Crypto Scams in 2023

According to a recent report from the **FBI**, Americans lost a staggering **$5.6 billion** to **cryptocurrency scams** in 2023. This represents a **45% increase** compared to 2022, highlighting the growing threat of financial fraud in the digital currency space.

Even though crypto-related crimes accounted for only about **10%** of the financial fraud complaints received by the FBI, the losses from these crimes made up nearly **50%** of the total amount that Americans lost to financial schemes last year.

## The Most Common Type of Scam: Investment Scams

Investment scams were the most significant source of losses, costing Americans **$4 billion**. The FBI notes that the promotion of cryptocurrency as an investment vehicle, coupled with a **'fear of missing out'** mentality, has created opportunities for criminals to exploit consumers.

These scams often involve fraudsters promising high returns on investments with little to no risk. Victims are typically lured through **dating apps**, **social media**, or **emails**, where the scammers build trust over time before offering investment advice.

Once victims are drawn in, they are directed to seemingly legitimate websites where they can create accounts and invest funds. Unfortunately, when victims try to withdraw their earnings, they often find themselves unable to do so, or are hit with exorbitant fees.

## Identifying Potential Crypto Scams

To protect yourself from falling victim to these scams, the FBI offers several **key tips**:

- **Be cautious of unsolicited messages** from unknown individuals claiming to represent reputable companies or institutions. Always verify the legitimacy independently.
- **Watch for fake websites** that mimic legitimate businesses. Look for spelling errors and unusual domain names.
- **Be skeptical of promises** of quick riches, especially those that involve no risk. If it sounds too good to be true, it probably is.

If you suspect that you've been a victim of financial fraud, including crypto-related scams, the FBI encourages you to file a complaint with their **Internet Crime Complaint Center**. 

![Crypto Scams](https://image.cnbcfm.com/api/v1/image/108030653-HIMI-LesserEvil-_Still-_2.jpg?v=1725657882&w=750&h=422&vtcrop=y)

Crypto-related scams cost Americans of all ages a record $5.6 billion in 2023, per the FBI's related report. Here's how to identify potential crypto scams.

Shocking FBI Report Reveals Americans Lost $5.6 Billion to Crypto Scams in 2023 – Here's What You Need to Know!

## **Impending Bitcoin Price Test**  
A significant price test for **Bitcoin (BTC)** is on the horizon, potentially revealing the market's direction. BTC is nearing the **200 EMA**, a critical technical level that often serves as a barrier between **bullish** and **bearish** market sentiment.  
  
If Bitcoin can break above this barrier, it may signal the start of a new upward trend. Conversely, failure to breach this level could lead to a retracement back to previous price levels, supporting the current downward trend. **Key price levels** to watch include:  
- **Psychological barrier** near **$60,000**  
- Recent support at **$58,300**  
- Lower support at **$54,500** if it fails to break the **200 EMA**.  
  
## **Dogecoin's Bullish Breakthrough**  
**Dogecoin (DOGE)** has finally shown signs of life by surpassing its **26-day Exponential Moving Average (EMA)**, indicating a potential bullish recovery after a prolonged period below critical resistance levels.  
  
The next major resistance zone is around **$0.11**, near the **50 EMA**. If DOGE breaks this level, it could target the **200 EMA** at **$0.12** and the **100 EMA** at **$0.14**. However, it must hold above **$0.09** to maintain its bullish momentum.  
  
## **Solana's Path to Recovery**  
**Solana (SOL)** is approaching **$150** and is currently trading near its **26-day EMA**. Its ability to continue rising or face a downturn will depend on upcoming price action.  
  
If SOL breaks above the **26 EMA**, it may test higher resistance levels in the **$140-$150** range, potentially leading to a longer-term rally aiming for the **50 EMA** at **$147** and the **100 EMA** just below **$160**. However, sellers could push the price back toward recent support at **$125–$130** if they reject the price at this point. The **RSI** remains neutral, indicating potential for both upward and downward movements, and low volume suggests that the next significant move will rely on a surge in buying or selling pressure.

Crucial Bitcoin (BTC) Price Test Incoming, Dogecoin (DOGE) Bullish Breakthrough Begins, Solana (SOL) Aims for $150, But There's Silver Lining

Is Bitcoin About to Surge? Key Price Levels to Watch as Dogecoin and Solana Show Promise!

### The Mystery of Satoshi Nakamoto

The true identity of **Satoshi Nakamoto**, the enigmatic creator of **Bitcoin**, continues to be a fascinating enigma within the crypto community. Despite numerous investigations, the person or group behind this revolutionary digital currency remains unknown.

### Craig Wright's Controversial Claim

For years, **Craig Wright**, an Australian computer scientist, asserted that he was Satoshi, presenting what he claimed to be evidence of his technical background and involvement in Bitcoin's creation. However, earlier this year, a **UK court** decisively ruled against Wright, declaring that he is not the developer of Bitcoin and had been lying about his claims.

### The Legal Battle

The challenge to Wright's assertions was spearheaded by the **Crypto Open Patent Alliance (Copa)**, which includes major industry players like **Coinbase**, **Kraken**, and **Microstrategy**. Their objective was to end Wright's misleading claims, which he used to pursue billions in damages against Bitcoin developers for alleged theft.

### Intellectual Property and Authorship

The case revolved around **intellectual property rights**, focusing on Wright's legitimacy as the author of the original Bitcoin white paper published in **2008**. This document laid the foundation for a **peer-to-peer payment system** that operates independently of traditional financial institutions through **blockchain technology**.

### Legal Proceedings

Phil Sherrell, representing Copa, highlighted that the trial was not a fraud case per se but aimed to establish that Wright had no rights over Satoshi's white paper. The legal team gathered substantial evidence to prove that Wright was misrepresenting himself.

### Exposing the Lies

The investigation revealed that many of Wright’s claims were fabricated. For example, his handwritten notes, which he claimed were drafted in the early 2000s, were shown to be from a notebook that wasn't even released until years later. Furthermore, the legitimacy of documents he presented was undermined by testimony from font designers, who confirmed that some fonts used in his documents did not exist at the time he claimed.

### Court's Verdict

In May, the **UK High Court** ruled against Wright, with Justice Mellor stating that Wright had extensively lied to the court. The judgment concluded with a clear message: Wright's forgeries had been exposed, and he would not be allowed to pursue further legal actions based on false claims.

### A Victory for Justice

As a result, a notice on Wright's website now acknowledges that he is not Satoshi and prohibits him from pursuing any more lawsuits based on these false allegations. Phil Sherrell described the verdict as a victory for **common sense and justice**.

Copyright law was key to disputing fraudster’s claim to be cryptocurrency’s founder Satoshi Nakamoto

The Truth Behind Craig Wright's Claim: Who Really Created Bitcoin?

## Bitcoin's Future: A Potential Breakthrough

The **bitcoin market's potential growth** has ignited discussions about whether it will **surpass $100k** or plunge below **$40k**. During a recent roundtable conversation led by anchor **Rob Nelson**, Gary Cardone from **Cardone Digital Ventures** shared his insights on bitcoin's future.

### Market Resilience

Cardone believes we've seen **the low around $49,000**, stating, "It bounced hard off that." He highlighted the **significant growth** bitcoin has experienced over the past year, recalling how it was at **$16,000** last summer.

### Key Players Entering the Market

He pointed out the significance of major players entering the cryptocurrency space, particularly mentioning **Cantor Fitzgerald’s Howard Lutnick**. Cardone remarked, "When that guy shows up, he supercharges the industry." He added that the involvement of institutions like **Fidelity** could further bolster bitcoin's growth, emphasizing the need for players with **different strengths** to enhance the market.

### Future Predictions

When discussing the possibility of bitcoin reaching **$1 million** in the next five years, Cardone stated, "To get to $4 trillion, we’ve got to get to **$3 trillion**. At **$100,000**, you're at a **$2.1 trillion** market cap. That's not big, man." He concluded by expressing optimism that bitcoin needs to break its old all-time high to accelerate its growth and achieve **dominance** in the high seventies, which he termed an "extremely positive" development for the cryptocurrency.

The bitcoin market’s potential growth sparks discussions on whether it will surpass $100k or drop below $40k.

Could Bitcoin Skyrocket Past $100k? Insights from Gary Cardone

## Bitcoin Price Predictions by Standard Chartered

According to a recent analysis by **Standard Chartered**, Bitcoin could potentially reach **$125,000** if **Donald Trump** is re-elected as President. However, if **Kamala Harris** assumes the presidency, the forecast drops significantly to **$75,000**.

### Factors Influencing Prices
The bank's projections are based on various factors, including:
- **Regulatory Environment**: The regulatory stance of future administrations can greatly impact Bitcoin's price trajectory.
- **Market Sentiment**: Investor sentiment and broader economic conditions are also crucial in determining Bitcoin's value.

### Implications for Investors
These predictions suggest that potential changes in U.S. leadership could significantly affect the cryptocurrency market. Investors should remain vigilant and consider the political climate when making investment decisions.

![Bitcoin Price Predictions](https://news.bitcoin.com/images/uploads/logo-light.svg)

### Conclusion
The outlook for Bitcoin is closely tied to the political landscape, and investors should be prepared for volatility based on who takes the White House in the upcoming elections.

Standard Chartered Predicts Bitcoin Prices: $125K Under Trump, $75K Under Harris – What This Means for Investors

## Grayscale Launches XRP Trust

Grayscale has officially launched its **XRP Trust**, marking a significant step in the cryptocurrency landscape. The firm cites the **potential** of XRP to **transform** legacy financial systems, a statement that is expected to stir interest among investors and financial analysts alike.

### What Does This Mean for XRP?
The introduction of the XRP Trust comes with high expectations. Grayscale believes that XRP's **unique attributes**, such as its speed and efficiency, can offer substantial improvements over traditional financial systems. This could pave the way for widespread adoption of **cryptocurrency** in everyday transactions.

### Market Implications
Investors are keenly watching how this move will impact the **market**, especially considering Grayscale's reputation for influencing cryptocurrency values. The trust could potentially enhance **liquidity** and drive **investor interest** in XRP, especially among institutional investors.

### Conclusion
With Grayscale's entry into the XRP space, there are growing conversations about the viability of cryptocurrencies as a **mainstream financial asset**. The trust could serve as a pivotal moment for XRP and the broader cryptocurrency market as it seeks to establish its place within the global financial ecosystem.

Grayscale's XRP Trust: A Game Changer for Financial Systems?

### Overview of Hadooken Malware
An unknown attacker is exploiting **weak passwords** to infiltrate **Oracle WebLogic servers** and introduce a new **Linux malware** named **Hadooken**, as reported by Aqua, a cloud security firm.

### Recent Attacks
According to Aqua's lead data analyst **Assaf Morag**, they have observed "a few dozen attacks over the past couple of weeks," although it remains unclear if these incidents are part of a larger campaign.

### What is WebLogic?
**WebLogic** is a platform designed for running applications at an enterprise scale, commonly utilized by **financial services**, **e-commerce**, and other business-critical systems. It has a history of being **abused** due to various **vulnerabilities**.

### Details of the Attack
Aqua's team detected the malware during an attack on a honeypot WebLogic server. The attacker gained access through a weak password and executed malicious code, including a shell script named "c" and a Python script named "y," which attempted to download Hadooken.

### Features of Hadooken
- **Cryptominer**: Hadooken features a cryptominer, which is used to mine cryptocurrency without the owner's consent.
- **Tsunami Malware**: The malware also includes **Tsunami**, a **DDoS botnet** and backdoor, granting attackers full control over the infected machine. While Aqua has not seen evidence of Tsunami running, they speculate it may be deployed later.
- **Persistence**: Hadooken sets up multiple **cronjobs** to maintain its presence on the infected servers. It can also **steal user credentials** and other sensitive information for lateral movement to other servers.

### Tracing the Malware
Aqua traced the malware back to two IP addresses, one linked to a UK-based hosting company, although there is no indication that the company is involved in any malware activities. Morag clarified that while **TeamTNT** and **Gang 8220** have used this IP previously, it does not imply direct attribution.

### Ransomware Links
The analysis of the Hadooken binary has suggested connections to **RHOMBUS** and **NoEscape** ransomware strains. This indicates that the threat actors might be targeting **Windows endpoints** for ransomware attacks while also focusing on **Linux servers** to deploy backdoors and cryptominers.

Nastyware seeks creds, mines crypto, and plants ransomware that isnt deployed - for now?

Illegal Crypto ATM Operations in London: What You Need to Know

Summary:

Illegal Crypto ATM Charges in London

Comments

Subscribe our Newsletter

BitcoinToday.app

Other Latest News

Shocking FBI Report Reveals Americans Lost $5.6 Billion to Crypto Scams in 2023 – Here's What You Need to Know!

Is Bitcoin About to Surge? Key Price Levels to Watch as Dogecoin and Solana Show Promise!

The Truth Behind Craig Wright's Claim: Who Really Created Bitcoin?

Could Bitcoin Skyrocket Past $100k? Insights from Gary Cardone

Standard Chartered Predicts Bitcoin Prices: $125K Under Trump, $75K Under Harris – What This Means for Investors

Grayscale's XRP Trust: A Game Changer for Financial Systems?

Unveiling Hadooken: The New Linux Malware Threatening Oracle WebLogic Servers

Other Latest News

Shocking FBI Report Reveals Americans Lost $5.6 Billion to Crypto Scams in 2023 – Here's What You Need to Know!

Is Bitcoin About to Surge? Key Price Levels to Watch as Dogecoin and Solana Show Promise!

The Truth Behind Craig Wright's Claim: Who Really Created Bitcoin?

Could Bitcoin Skyrocket Past $100k? Insights from Gary Cardone

Standard Chartered Predicts Bitcoin Prices: $125K Under Trump, $75K Under Harris – What This Means for Investors

Grayscale's XRP Trust: A Game Changer for Financial Systems?

Unveiling Hadooken: The New Linux Malware Threatening Oracle WebLogic Servers