Bitcoin
Woman Loses $2 Million in Bitcoin Scam: Solon Police Blotter
SOLON, Ohio
Fraud: SOM Center Road
At 10pm on June 11, police were called to a house to investigate a report of fraud.
A 32-year-old Solon woman reported that she had invested in Bitcoin from Coinbase and received a robocall informing her that her Bitcoin account was being hacked.
She then received a call from someone calling himself Jacob Watkins from Coinbase. The caller said he needed to reset his password to avoid fraud.
The woman reset her password and was instructed to create a new Coinbase “wallet.” She received specific instructions on how to create the wallet.
The woman then transferred 32 BTC (bitcoin) to the new wallet, the value of which the scammer later drained.
The woman believed the value was more than US$2 million in US currency.
Detectives will investigate, likely with help from state and federal agencies.
Endangering Children: Park East Drive
At 2:45 p.m. on June 6, an officer on patrol noticed two young children running in the parking lot near the leasing office of Solon Park Apartments, 34600 Park East Drive.
An office manager flagged down the officer and stated that it was not known where the children lived and that neither of the parents had been seen.
Police searched the area for one of the parents and obtained the phone number of the children’s mother.
The 35-year-old woman arrived by car about 30 minutes later.
To police, it appeared that the children had been left alone in their apartment.
Police charged the woman with child endangerment and referred the matter to Cuyahoga County Children and Family Services for follow-up.
OVI: Chagrin River Road
At 10:30 pm on June 7, officers responded to a crash in the northeast part of Solon, near the border with Bentleyville.
Officers arrived and discovered that a Honda Accord had driven east on Chagrin River Road near Franklin Street and appeared to have run a stop sign and then crashed into a wooded area.
The driver had slurred speech and was incoherent when speaking to Chagrin Falls and Bentleyville police officers.
The man had red eyes and smelled of alcohol. He said he had consumed two drinks. He refused to take a breathalyzer test.
EMS took the man to a hospital for treatment of possible injuries. He was bleeding from his hand and possibly other parts of his body.
At the hospital, the man refused to take a urine test.
Police charged the 31-year-old Solon man with OVI, failure to maintain reasonable control and possession of an open container of alcohol in a motor vehicle.
Domestic Violence: Windy Hill Lane
At 1:35 a.m. on June 8, officers were called to a home where two women were present.
One of the women told police that she had argued with her live-in boyfriend and that he had threatened both women.
It was also reported that he had punched his girlfriend’s 46-year-old mother.
The man had left before deputies arrived but was later found in a home in Geauga County.
Police arrested 27-year-old Solon on two counts of domestic violence, the second count being making threats.
Robbery: Park North Drive
At 6:05 pm on June 12, police were called to Solon Park Apartments where a 39-year-old woman told officers she was swimming with her 14-year-old son when it appeared he had been hit by something, possibly BBs. .
She looked at the red marks on her son and discovered that he had, in fact, been hit by a gel blaster.
A gel blaster shoots soft, water-based pellets that can cause pain.
The suspects are believed to be four Solon boys, all 14 years old.
Officers found the suspects walking nearby and confiscated their gel blasters. Police then contacted the boys’ parents.
The matter will be referred to county juvenile court for possible assault charges.
The woman’s son was not injured.
Read more from Chagrin Sólon Sun.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
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‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
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came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
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