Today is the last day of winter 2025, and we are bringing you some interesting news that can be helpful for your business. In this digest, we'll cover cryptocurrency scams, the influence of NVIDIA's successful financial results, and the rivalry between USDC and USDT.
Top Gainers of the Week
Kaito delighted its holders with a surge of 133.68% over the last 7 days, achieving a price of $2.73. Story nearly doubled in value and reached $6.29. Maker increased its value almost by half – 48.91%. The new price is $1773.25.
Top Losers of the Week
Raydium lost half of its value - 45.05% - and gained 2.43$. Mantle has lost not so much - 26.55%, decreasing to 0.7585$. And once a crowd favorite, Official Trump dropped by 23.02%, reaching 13.21.
Cryptocurrency Fraud Investigated Across 60 Locations in India
The GainBitcoin Scam affected nearly 100,000 people across India, which resulted in losses of $800 million. The scheme had a wide geographical reach with thousands of participants. The investigation is being conducted in Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur, and Bengaluru – in general, in 60 locations.
The scheme was launched in 2015 by two brothers, Amit Bhardwaj and Ajay Bhardwaj. It was a Ponzi scheme that used MLM (multi-level marketing) tactics, when investors were paid for recruiting new ones.
The criminals promised investors monthly returns of 10% in Bitcoin for 18 months (sounds great, yeah?). Initially, they made payouts. However, in 2017, the scheme collapsed.
Currently, the CBI (Central Bureau of Investigation) collects digital evidence and devices including cryptocurrency wallets, emails, and cloud data. GainBitcoin has become one of the biggest scams in India. The CBI has a lot of work because it's not the only one under investigation right now.
AI Token Prices Increased Following Release of NVIDIA's Financial Results
AI fans are celebrating as NVIDIA, a leading company in the sector, presented its fourth-quarter results and demonstrated robust growth.
Story (IP), AI Rig Complex (ARC), Livepeer (LPT), and aixbt by Virtuals (AIXBT) raised by several tens of percent. Among surging AI tokens and KAITO – our top gainers of this week. Near Protocol (NEAR), SingularityNET (AGIX), Internet Computer (ICP), and Render (RNDR) increased by several percentage points, which is also a good result.
NVIDIA's fourth-quarter financial results demonstrated a 12% rise compared to the previous quarter and a 78% rise compared to last year. This was driven by increased sales of Blackwell chips.
Nvidia CEO Jensen Huang noticed: "Demand for Blackwell is amazing as reasoning AI adds another scaling law – increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter". This surge solidified NVIDIA's leadership over Deepseek, a Chinese AI startup.
people with 0.04 shares of NVIDIA listening to the earnings call today pic.twitter.com/gMasM8ZFFA
— Boring_Business (@BoringBiz_) February 27, 2025
Main Issuer of USDC Proposes All Stablecoin Issuers Register in the U.S.
Allaire Pushes, Circle CEO – one of the issuers of stablecoin USDC – believes that all stablecoin issuers must register in the U.S.
Allaire is convinced that this will foster consumer protection and financial integrity. He told Bloomberg, "It shouldn't be a free pass, right? Where you can just ignore U.S. law and go do whatever the hell you want wherever and sell into the United States."
Dante Disparte, Circle's Chief Strategy Officer & Head of Global Policy and Operations, confirmed this statement to CoinDesk: "No company that issues dollar stablecoins should get a free pass from safety and soundness rules and appropriate prudential supervision."
Currently, USDT is considered the most popular stablecoin. Its headquarters is situated in El Salvador. That's why such a proposition creates trouble at the mill for USDT. Its CEO, Paolo Ardoino, reacted on X: "While our competitors' business model should be to build a better product and even bigger distribution network, their real intent is 'Kill Tether.'"
USDt is the most successful tool for US Dollar hegemony and distribution across emerging markets.
— Paolo Ardoino 🤖 (@paoloardoino) February 25, 2025
Tether built, over the last decade, the widest physical and digital distribution network, spacing from thousands of kiosks in Africa and South America to digital remittances… https://t.co/KD2oUzemT8
The U.S. government is also strong in its desire to control stablecoins. In February, Republican Senator Bill Hagerty introduced a bill to establish a regulatory regime for U.S.-backed stablecoins.
Today, I’m introducing the GENIUS Act w/ @SenatorTimScott, @SenGillibrand, & @SenLummis, a bill that establishes a clear regulatory framework for stablecoins.
— Senator Bill Hagerty (@SenatorHagerty) February 4, 2025
I look forward to working with @RepFrenchHill and @FinancialCmte to get it to the President’s desk and signed into law. https://t.co/8dz0HnYrLG
Can Bitcoins Be Stolen Through GitHub?
Georgy Kucherin, an analyst of Kaspersky, a Russian cybersecurity and anti-virus provider, has found a malware-riddled fake project that steals bitcoins. The company called it "GitVenom". It has already stolen a minimum of 5 bitcoins worth around $442,000 from one user. The key targets of the virus campaign are citizens of Russia, Brazil, and Turkey.
It created hundreds of repositories on GitHub with fake projects. It could be, for example, an automation instrument for interacting with Instagram accounts, a Telegram bot allowing you to manage Bitcoin wallets, and a hacking tool for the video game Valorant.
The downloaded code appears meaningless for users. Access trojans (RATs), info-stealers, and clipboard hijackers run when they run the code. Obviously, on a website where people from worldwide share code, it can be something dangerous. The primary user's task in this situation is to detect potentially dangerous files by checking what actions they perform.
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