‍Hong Kong Youths Sentenced for $256,000 USDT Fraud Two 18-year-olds in Hong Kong have been sentenced to a correctional institution for their involvement in a $2 million HKD (approx. $256,000 USD) Tether (USDT) fraud. The incident occurred in November 2024 in Tsim Sha Tsui, where the defendants attempted to steal USDT from a victim at an OTC currency exchange. The court deemed their participation crucial to the pre-planned theft, despite their young age. The sentencing aims for rehabilitation while upholding financial system integrity.

Cryptovka

Hong Kong Youths Sentenced in 2 Million HKD Tether (USDT) Fraud Case

Two 18-year-old individuals in Hong Kong have been sentenced to a correctional institution after being convicted of fraud related to a 2 million Ho...

‍Bitcoin Surges Past $88,000 on Bank of Japan Rate Hike Bitcoin (BTC) has shown strong resilience, nearing $88,000 following the Bank of Japan's decision to raise interest rates to 0.75%, ending an era of loose monetary policy. Despite typical concerns over higher rates affecting risk assets, BTC and U.S. stock futures reacted positively. Arthur Hayes views the policy as bullish for hard assets, noting that real rates remain negative. Temple 8 Research highlights a conflict between Japan's fiscal stimulus and monetary tightening, suggesting further rate hikes are unlikely soon. Analysts are monitoring the $81,000 level, the cost basis for U.S. spot Bitcoin ETFs, as a key support. The Nasdaq 100 futures also climbed alongside Bitcoin. This dynamic between the Japanese Yen and the U.S. Dollar, with Bitcoin acting as a hedge, points to a volatile and potentially opportunistic end to 2025.

Cryptovka

Bitcoin Hits $88,000 as Japan Rate Hike Sparks Bullish Sentiment

Bitcoin (BTC) demonstrated significant resilience on Friday, December 19, 2025, as it targeted the $88,000 mark following a landmark decision by th...