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Trump sons back new Bitcoin mining venture with Hut 8

Several members of US President Donald Trump’s family are backing a new venture to launch what aims to become the world’s largest Bitcoin mining firm.

Hut 8, a digital asset mining and infrastructure company, announced on March 31 that it is acquiring a majority stake in American Bitcoin, formerly known as American Data Center. The firm was founded by a group of investors, including Trump’s sons, Donald Trump Jr. and Eric Trump.

As part of the deal, American Bitcoin will take ownership of Hut 8’s Bitcoin (BTC) mining hardware. Donald Trump Jr. said that the entrepreneurs behind American Data Centers have backed their conviction in Bitcoin personally and through business.

The new venture “aims to become the world’s largest, most efficient pure-play Bitcoin miner while

How to file crypto taxes in the US (2024–2025 tax season)

Key takeaways

US crypto investors must file their 2024 tax returns by April 15, 2025, ensuring all crypto transactions are accurately reported to the IRS.

Crypto held for less than a year is taxed as ordinary income (10%-37%), while holdings over a year qualify for lower capital gains rates (0%, 15%, or 20%).

Selling, trading, or spending crypto triggers taxes, while holding or transferring between wallets does not.

Mining, staking, airdrops, and crypto payments are taxed as income at applicable rates.

The world of cryptocurrencies can indeed be an exciting space for investors, but as the tax season approaches, many US investors find themselves grappling with confusion and uncertainty.

With the upcoming tax filing deadline of April 15, 2025, it’s a critical time to get a handle on crypto tax obligations. Ask most US crypto investors, and they’ll likely tell you that figuring out what transactions trigger a taxable event feels like navigating a maze.

Understanding various

Coinbase users hit by $46M in suspected phishing scams — ZachXBT

Coinbase users may have lost as much as $46 million to suspected phishing scams over the past two weeks as rising crypto prices continue to attract bad actors to the industry.

Scams such as address poisoning and wallet spoofing involve tricking victims into sending assets to fraudulent wallet addresses that closely resemble legitimate ones.

According to blockchain investigator ZachXBT, multiple Coinbase-linked wallets have been targeted this month. A screenshot from blockchain explorer Blockchair shows a suspected 400 Bitcoin (BTC) theft from a single wallet address.

“It is suspected a Coinbase user was scammed yesterday for $34.9M (400.099 BTC),” the investigator wrote in a March 28 Telegram post. “After uncovering this theft I noticed multiple other suspected thefts from Coinbase users in the past two weeks bringing the total stolen this month to $46M+,” he added.

Suspected 400 BTC phishing

Typosquatting in crypto, explained: How hackers exploit small mistakes

What is typosquatting in crypto?

Typosquatting in crypto involves registering domain names that mimic popular platforms with slight misspellings to deceive users into revealing sensitive information.

In the rapidly evolving digital landscape, cryptocurrencies have become a significant form of currency, enabling decentralized and borderless financial transactions.

Along with its growing popularity, however, new cyber threats have emerged. One such threat is typosquatting, a deceptive practice where cybercriminals register domain names that closely resemble those of legitimate cryptocurrency platforms. By exploiting common typing errors, attackers aim to mislead users into visiting fraudulent sites, leading to potential financial losses and security breaches.

For instance, a user intending to visit “coinbase.com” might accidentally type “coinbsae.com,” landing on a malicious site designed to mimic the original.

These counterfeit platforms often prompt users to input sensitive information, such as private keys or recovery phrases, or to download malware disguised as legitimate

Read More at https://cointelegraph.com/explained/typosquatting-in-crypto-explained-how-hackers-exploit-small-mistakes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Worst Q1 for BTC price since 2018: 5 Things to know in Bitcoin this week

Bitcoin (BTC) limps into the end of Q1 on 13% losses as fresh macroeconomic volatility looms.

BTC price action risks a fresh dip below $80,000 as new US trade tariffs weigh on risk-asset sentiment.

Crypto traders’ tariff woes focus on April 2, dubbed “Liberation Day” by President Donald Trump, while gold heads higher.

Despite the doom and gloom, Bitcoin has, in fact, had a relatively mild March, while Q1 threatens to be its worst in seven years.

Profitability currently points the way to a bull market drawdown with no realistic bottom in sight.

The Coinbase Premium puts up a noble fight amid the price dip, suggesting that panic sellers have already exited.

BTC price: “Bearish engulfing” sets the tone

Bitcoin traders are on edge this week as US trade tariffs follow the monthly and quarterly candle closes.

A recipe for risk-asset volatility has many market participants bracing for the worst as BTC price

Why is Cardano price down today?

Cardano’s (ADA) price continued its downtrend on March 31, down 4.5% over the last 24 hours to trade at $0.6529.

The altcoin is down 10% over the last seven days and 45% from the March 2 high of $1.19.

ADA/USD daily chart. Source: Cointelegraph/TradingView

Several factors are behind Cardano’s underperformance, including:

Decreasing network activity and declining total value locked.

Negative funding rates.

A weakening technical structure.

Weakening onchain Cardano activity

The bearishness in ADA price today is preceded by reduced network activity and the total value locked (TVL), which has dropped sharply over the last month.

Cardano’s daily active addresses fell by over 70% from 70,700 on March 2 to less than 20,000 on March 31.

Similarly, daily transactions decreased by more than 71% over the same period.

DAAs and daily transactions on Cardano. Source: Artemis

Cardano’s

Stop pretending technical and human vulnerabilities are separate things

Opinion by: Andrey Sergeenkov, researcher, analyst and writer

Crypto founders love big promises: decentralized finance, banking the unbanked and freedom from intermediaries. Then hacks happen. In some cases, billions vanish overnight.

On Feb. 21, 2025, the North Korean Lazarus Group stole $1.46 billion from Bybit. They sent phishing emails to staff with cold wallet access. After compromising these accounts, they accessed Bybit’s interface and replaced the multisignature wallet contract with their malicious version. When Bybit attempted a routine transfer, the hackers redirected 499,000 Ether (ETH) to addresses they controlled.

This wasn’t just a human error. This was a design failure. A system that allows human factors to enable a billion-dollar theft isn’t innovative — it’s irresponsible.

People are not protected

In just 10 days, the hackers converted all 499,000 ETH into untraceable funds, using THORChain as their primary channel. The decentralized exchange processed a record

South Korean crypto exchange users hit 16M in ‘saturation point’

Crypto exchange users in South Korea have crossed over 16 million after receiving a boost following US President Donald Trump’s election win last November.

Data submitted to representative Cha Gyu-geun of the minor opposition Rebuilding Korea Party found over 16 million people had crypto exchange accounts out of a total population of 51.7 million, according to a March 30 report from local news agency Yonhap.

This would be equivalent to over 30% of the population.

All the data was taken from the top five domestic virtual exchanges in South Korea: Upbit, Bithumb, Coinone, Korbit and Gopax. Individuals with multiple accounts were only counted once.

Industry officials are reportedly speculating the number of crypto users could hit 20 million by the end of the year, with one unnamed official being cited by Yonhap saying:

“Some believe the crypto market has reached a saturation point, but

Japan to classify cryptocurrencies as financial products: Report

Japan’s finance regulator is planning to change the country’s laws to classify cryptocurrencies as financial products as early as 2026, according to the local outlet Nikkei.

The Financial Services Agency (FSA) plans to submit a bill to parliament to revise the Financial Instruments and Exchange Act as early as next year after having considered the changes through internal study groups, Nikkei reported on March 30 without citing a source.

The outlet reported that the details are still being finalized, but the change would see cryptocurrencies likely put under insider trading laws that currently apply to other financial products, such as stocks, which outlaw trades based on insider information.

However, cryptocurrencies are likely to be put in a separate category from securities such as stocks and bonds.

If the changes go through and crypto is regulated under the country’s finance laws, companies offering crypto would

California introduces ’Bitcoin rights’ in amended digital assets bill

A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40 million residents.

California’s Assembly Bill 1052 was introduced as the Money Transmission Act on Feb. 20, 2025, but was amended by Democrat and Banking and Finance Committee chair Avelino Valencia on March 28 to include several Bitcoin (BTC) and crypto-related investor protections.

The amendments cross out “Money Transmission Act,” with the legislation now called “Digital assets.”

“California often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere,” Satoshi Action Fund CEO Dennis Porter said in a March 30 statement.

“Once passed, this legislation will guarantee nearly 40 million Californians the right to self-custody their digital assets without fear of discrimination.”

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