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Pantera founder faces tax probe, Argentine lawyers hit Milei with fraud charges

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Authorities are investigating Pantera Capital’s founder over alleged tax violations, adding to a growing wave of scrutiny on prominent figures in the financial sector. The probe comes amid heightened regulatory pressure on crypto and investment firms, as governments worldwide tighten enforcement against tax evasion and financial misconduct. While details remain limited, the case is expected to have broader implications for compliance practices within the digital asset industry.

Meanwhile, Argentine President Javier Milei is facing fraud allegations linked to a $107 million financial scandal. Reports suggest that fraudulent investment schemes have surfaced, with accusations tying them to individuals close to the administration. Milei, who has positioned himself as a pro-market reformist, now finds his government under increased scrutiny, which could impact investor confidence and regulatory policy in Argentina.

These developments highlight the growing intersection between politics, financial regulation, and the crypto sector. As Pantera Capital deals with its tax probe, concerns about transparency and regulatory adherence in the investment space continue to rise. Similarly, Milei’s political standing could be affected by the fraud allegations, influencing Argentina’s economic direction and its approach to crypto adoption.

The global regulatory landscape is evolving rapidly, with governments ramping up efforts to close tax loopholes and combat financial fraud. These cases serve as reminders that even high-profile individuals and institutions are not immune to legal challenges. As authorities push for stricter oversight, compliance will remain a key factor shaping the future of crypto and financial markets worldwide.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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