Bitcoin News: Phishing Attacks Target Ross Ulbricht’s Donors on Telegram

Phishing attacks are targeting donors who intend to support Ross Ulbricht, the founder of Silk Road, following his release from federal prison. Ulbricht was pardoned by former U.S. President Donald Trump on January 21, 2021, after serving a significant portion of his life sentence. The attackers are exploiting the goodwill of Ulbricht's supporters by attempting to steal funds meant for donations. Ulbricht's case has been highly publicized, and his supporters have been actively raising funds to support his cause. The phishing attacks are a reminder of the risks associated with cryptocurrency transactions and the importance of vigilance when dealing with online donations.

Ross Ulbricht’s Donors Targeted in Phishing Attacks on Telegram

Phishing attacks have been targeting donors who intend to support Ross Ulbricht, the founder of Silk Road, following his release from federal prison. Ulbricht was pardoned by former U.S. President Donald Trump on January 21, 2021, after serving a significant portion of his life sentence. The attackers are exploiting the goodwill of Ulbricht's supporters by attempting to steal funds meant for donations. Ulbricht's case has been highly publicized due to his role in operating Silk Road, a platform that facilitated illegal transactions using Bitcoin.

Scammers Exploit Ross Ulbricht’s Release with Phishing Schemes

Following Ross Ulbricht's release from prison, scammers have launched phishing attacks targeting his supporters. Ulbricht, who was pardoned by former President Donald Trump, had been serving a life sentence for his involvement with Silk Road, a platform that used Bitcoin for illegal transactions. The phishing attacks aim to divert funds intended for Ulbricht's support, highlighting the ongoing risks associated with cryptocurrency transactions and the need for heightened security measures.

New Strategic Bitcoin Reserve Bill: Ohio Gains Support From 6 Co-Sponsors

Ohio has introduced a bill aimed at establishing a Strategic Bitcoin Reserve, spearheaded by Majority Whip Steve Demetriou and supported by six co-sponsors. The legislation seeks to enhance the state’s treasury reserves by allowing the allocation of funds into Bitcoin. The bill proposes that Ohio can invest up to 10% of its general fund, budget stabilization fund, and prizes trust fund into Bitcoin. This move is seen as a proactive response to rising inflation and the need for innovative financial strategies. market expert Dennis Porter, founder of the Satoshi Action Fund, expressed strong support for the bill, highlighting its potential to safeguard Ohio residents’ tax dollars.

4-Year Pattern Points to Bitcoin Rally – Is It Happening Again?

Despite recent volatility, BTC’s bullish momentum remains strong, and the cryptocurrency appears to be repeating historical patterns observed during prior market cycles. The Mayer Multiple indicator shows Bitcoin is neither overbought nor oversold, currently positioned at a neutral level. This signals that the ongoing bullish momentum could continue, providing room for the price to rise further without facing immediate correction. Such neutrality in market sentiment is a promising sign for Bitcoin enthusiasts. The indicator’s neutral stance suggests stability, with buyers and sellers maintaining equilibrium. This balance, paired with Bitcoin’s bullish trend, indicates that the cryptocurrency could gather sufficient momentum to breach key resistance levels and potentially target a new high.

Is Bitcoin the new Gold? The strategic implication of a U.S. reserve.

The U.S. government has issued a directive requiring a report on the potential creation of a Bitcoin reserve, similar to the Strategic Petroleum Reserve. This idea, supported by figures like Senator Cynthia Lummis, involves purchasing between 100,000 and 1,000,000 BTC over five years. These assets would be stored in decentralized cold wallets across various U.S. locations. The proposal raises questions about Bitcoin's role as a national reserve asset and its implications.