Fake IRS letters are reaching crypto holders.
Here is what is happening. People are getting letters by mail that look like they come from the IRS. The letters say you must use a "Digital Asset Compliance Portal" to report your crypto.
The IRS says: this portal does not exist. The letters are fake. The real IRS issued a fraud alert about this on July 30, and the scam is still running in August.
What this means for you: a real government office will never ask you to connect your wallet to a website. If you get a letter like this, do not click any link in it. Go to the official website yourself and check.
Here is what is happening. People are getting letters by mail that look like they come from the IRS. The letters say you must use a "Digital Asset Compliance Portal" to report your crypto.
The IRS says: this portal does not exist. The letters are fake. The real IRS issued a fraud alert about this on July 30, and the scam is still running in August.
What this means for you: a real government office will never ask you to connect your wallet to a website. If you get a letter like this, do not click any link in it. Go to the official website yourself and check.
What is a stablecoin?
A stablecoin is crypto that tries to hold one price. USDT, for example, is made to stay near one US dollar. It does not jump up and down like Bitcoin.
How? The company behind it holds real money — dollars, bonds, or similar — to back each coin. When you hold one USDT, the idea is that somewhere there is one dollar sitting behind it.
Not all stablecoins are the same. Some are checked by outside auditors. Some are not. USDT is the most used one in Libya and North Africa, mostly on the TRC20 network.
Simple version: a stablecoin is a digital dollar that does not swing in price. That is why people use it for transfers and savings.
A stablecoin is crypto that tries to hold one price. USDT, for example, is made to stay near one US dollar. It does not jump up and down like Bitcoin.
How? The company behind it holds real money — dollars, bonds, or similar — to back each coin. When you hold one USDT, the idea is that somewhere there is one dollar sitting behind it.
Not all stablecoins are the same. Some are checked by outside auditors. Some are not. USDT is the most used one in Libya and North Africa, mostly on the TRC20 network.
Simple version: a stablecoin is a digital dollar that does not swing in price. That is why people use it for transfers and savings.
Bitcoin just did something it has never done before.
On August 26, a company called StarkWare sent a small amount of Bitcoin using a new method they call "Quantum Safe Bitcoin." It was the first time this was done on the real Bitcoin network — not just a test.
Why does this matter? In the future, very powerful computers called quantum computers could break some of the math that protects Bitcoin today. This new method is built to resist that.
Simple version: someone found a way to send Bitcoin that even a future super-computer cannot crack. It is an experiment for now. Most people do not need it today. But it is good news for the long term.
On August 26, a company called StarkWare sent a small amount of Bitcoin using a new method they call "Quantum Safe Bitcoin." It was the first time this was done on the real Bitcoin network — not just a test.
Why does this matter? In the future, very powerful computers called quantum computers could break some of the math that protects Bitcoin today. This new method is built to resist that.
Simple version: someone found a way to send Bitcoin that even a future super-computer cannot crack. It is an experiment for now. Most people do not need it today. But it is good news for the long term.
Bitcoin pulled back from $80,000 to about $77,700.
Last week Bitcoin went above $80,000. This week it slipped back — less than 1% in a day, but it stopped the rally.
U.S. Bitcoin ETFs had nine days of buying in a row, over $3 billion. On August 28 that ended — $201.9 million went out. The U.S. central bank head said inflation is still above target, making people careful.
But large holders bought 39,154 Bitcoin between August 23 and 28. Big private buyers stepped in while ETF money stepped back.
What this means for you: price moves up and down — that is normal. If you use USDT for transfers, the Bitcoin price does not change your payment. Pick the right network and check the address.
Last week Bitcoin went above $80,000. This week it slipped back — less than 1% in a day, but it stopped the rally.
U.S. Bitcoin ETFs had nine days of buying in a row, over $3 billion. On August 28 that ended — $201.9 million went out. The U.S. central bank head said inflation is still above target, making people careful.
But large holders bought 39,154 Bitcoin between August 23 and 28. Big private buyers stepped in while ETF money stepped back.
What this means for you: price moves up and down — that is normal. If you use USDT for transfers, the Bitcoin price does not change your payment. Pick the right network and check the address.
What is a seed phrase?
When you make a new crypto wallet, it gives you a list of 12 or 24 simple words. This is your seed phrase. It is the master key to everything in that wallet.
If your phone is lost or broken, these words bring your wallet back on a new device. That is why they exist.
But anyone who reads these words can take all your money. No password. No waiting. They type the words into a new wallet and the funds move.
One thing to check before you send money: write your seed phrase on paper — not in a photo, not in a chat, not in email. Keep it somewhere safe. And never share it with anyone. Real support will never ask for it.
When you make a new crypto wallet, it gives you a list of 12 or 24 simple words. This is your seed phrase. It is the master key to everything in that wallet.
If your phone is lost or broken, these words bring your wallet back on a new device. That is why they exist.
But anyone who reads these words can take all your money. No password. No waiting. They type the words into a new wallet and the funds move.
One thing to check before you send money: write your seed phrase on paper — not in a photo, not in a chat, not in email. Keep it somewhere safe. And never share it with anyone. Real support will never ask for it.
Strategy bought 4,603 Bitcoin this week.
Strategy (formerly MicroStrategy) is a public company that holds more Bitcoin than almost anyone. Between August 24 and 30, they spent $369.7 million buying 4,603 BTC.
This ended a 10-week pause. For over two months, the company raised money but did not buy. Then their founder Michael Saylor posted two words: "We're Back."
What this means for you: when a large buyer returns after waiting, it shows confidence — but it is not a signal to buy or sell. One company's move does not change your transfer. If you send USDT, what matters is the network and the address.
Strategy (formerly MicroStrategy) is a public company that holds more Bitcoin than almost anyone. Between August 24 and 30, they spent $369.7 million buying 4,603 BTC.
This ended a 10-week pause. For over two months, the company raised money but did not buy. Then their founder Michael Saylor posted two words: "We're Back."
What this means for you: when a large buyer returns after waiting, it shows confidence — but it is not a signal to buy or sell. One company's move does not change your transfer. If you send USDT, what matters is the network and the address.
Fake celebrity crypto videos are everywhere now.
Scammers use AI to make videos that look real. They take a famous person — an actor, a businessman, a football star — and make them say they are launching a crypto project or giving away free coins.
The face looks right. The voice sounds right. But the person never said any of it.
A recent example: AI videos of actor Jim Carrey were used to pump a token called "Lil Lloyd." The coin jumped 56% based on a video that was completely fake. Jim Carrey had nothing to do with it.
One thing to check before you send money: if a celebrity is really selling crypto, their own verified account will say so. If the video only exists on random pages — not on their official channel — it is fake. Always check the source.
Scammers use AI to make videos that look real. They take a famous person — an actor, a businessman, a football star — and make them say they are launching a crypto project or giving away free coins.
The face looks right. The voice sounds right. But the person never said any of it.
A recent example: AI videos of actor Jim Carrey were used to pump a token called "Lil Lloyd." The coin jumped 56% based on a video that was completely fake. Jim Carrey had nothing to do with it.
One thing to check before you send money: if a celebrity is really selling crypto, their own verified account will say so. If the video only exists on random pages — not on their official channel — it is fake. Always check the source.
21 big banks are building a stablecoin together.
Goldman Sachs, Bank of America, Citi, Deutsche Bank, UBS and 16 others announced on September 1 that they will form a company to issue a US dollar stablecoin. The plan is to launch it in the first half of 2027. A euro version will follow.
What this means for you: stablecoins are not just a crypto thing anymore. The same banks that handle regular money now want their own digital dollar. But USDT already works today — on TRC20, with low fees. You do not need to wait for 2027 to send money.
Goldman Sachs, Bank of America, Citi, Deutsche Bank, UBS and 16 others announced on September 1 that they will form a company to issue a US dollar stablecoin. The plan is to launch it in the first half of 2027. A euro version will follow.
What this means for you: stablecoins are not just a crypto thing anymore. The same banks that handle regular money now want their own digital dollar. But USDT already works today — on TRC20, with low fees. You do not need to wait for 2027 to send money.
Bitcoin started September with a small pullback.
Today BTC trades near $77,000 — down about 1.4% in 24 hours. This comes after a strong August, when Bitcoin rose almost 24% from $62,600 to a peak above $80,000 on August 25.
The drop is small so far. U.S. Bitcoin ETFs pulled in over $3 billion in August — the best month in a year. But September is often a slow month, and traders are waiting for the Federal Reserve meeting on September 15-16.
About $369 million in trading positions were closed by force today as prices fell across the market.
What this means for you: price moves up and down — that is normal. If you send USDT, what matters is the network and the address, not the Bitcoin price.
Today BTC trades near $77,000 — down about 1.4% in 24 hours. This comes after a strong August, when Bitcoin rose almost 24% from $62,600 to a peak above $80,000 on August 25.
The drop is small so far. U.S. Bitcoin ETFs pulled in over $3 billion in August — the best month in a year. But September is often a slow month, and traders are waiting for the Federal Reserve meeting on September 15-16.
About $369 million in trading positions were closed by force today as prices fell across the market.
What this means for you: price moves up and down — that is normal. If you send USDT, what matters is the network and the address, not the Bitcoin price.
Russia just opened a regulated crypto market.
On September 1, a new law took effect in Russia. It lets people buy and sell crypto through licensed exchanges — legally, with rules.
Here is the interesting part: only three coins are approved for now — Bitcoin, Ethereum, and USDT. Everything else is excluded.
Sberbank, Russia's largest bank, expects about $46 billion in trading in the first year. They also plan to accept crypto as loan collateral.
But one thing stays banned: you cannot use crypto to buy things inside Russia. Trading only — not payments.
What this means for you: when a big country picks USDT as one of only three approved coins, it shows USDT is taken seriously. If you already send USDT on TRC20, you are using the same tool that governments are building rules around.
On September 1, a new law took effect in Russia. It lets people buy and sell crypto through licensed exchanges — legally, with rules.
Here is the interesting part: only three coins are approved for now — Bitcoin, Ethereum, and USDT. Everything else is excluded.
Sberbank, Russia's largest bank, expects about $46 billion in trading in the first year. They also plan to accept crypto as loan collateral.
But one thing stays banned: you cannot use crypto to buy things inside Russia. Trading only — not payments.
What this means for you: when a big country picks USDT as one of only three approved coins, it shows USDT is taken seriously. If you already send USDT on TRC20, you are using the same tool that governments are building rules around.
Bitcoin is close to a "golden cross."
A golden cross happens when a short-term price average (50 days) rises above a long-term one (200 days). Traders watch it as a sign that momentum is turning up.
Since 2012, Bitcoin has had 12 golden crosses. On average, price went up about 25% in the next three months — but only three times did the gain hold for a full year.
Here is the other half: USDT dominance is nearing a "death cross" — the opposite pattern. That suggests money is moving from stablecoins into crypto.
What this means for you: a golden cross is a pattern, not a promise. It does not tell you to buy or sell. If you send USDT, the signal does not change your transfer — the network and the address still matter most.
A golden cross happens when a short-term price average (50 days) rises above a long-term one (200 days). Traders watch it as a sign that momentum is turning up.
Since 2012, Bitcoin has had 12 golden crosses. On average, price went up about 25% in the next three months — but only three times did the gain hold for a full year.
Here is the other half: USDT dominance is nearing a "death cross" — the opposite pattern. That suggests money is moving from stablecoins into crypto.
What this means for you: a golden cross is a pattern, not a promise. It does not tell you to buy or sell. If you send USDT, the signal does not change your transfer — the network and the address still matter most.
Every crypto transfer costs a small fee.
When you send USDT, the network charges a fee to process it. This fee is not fixed — it changes based on how busy the network is.
On Ethereum (ERC20), the fee is called "gas." When many people send at the same time, gas goes up. A USDT transfer on Ethereum can cost several dollars or more during busy hours.
On Tron (TRC20), the fee is lower and more stable — about $1. That is why most people who send USDT choose TRC20. It is also faster — usually 3 to 5 seconds.
What this means for you: if you send smaller amounts, the fee matters more. TRC20 is usually the cheaper road. But always check that the person receiving accepts TRC20 before you press send.
When you send USDT, the network charges a fee to process it. This fee is not fixed — it changes based on how busy the network is.
On Ethereum (ERC20), the fee is called "gas." When many people send at the same time, gas goes up. A USDT transfer on Ethereum can cost several dollars or more during busy hours.
On Tron (TRC20), the fee is lower and more stable — about $1. That is why most people who send USDT choose TRC20. It is also faster — usually 3 to 5 seconds.
What this means for you: if you send smaller amounts, the fee matters more. TRC20 is usually the cheaper road. But always check that the person receiving accepts TRC20 before you press send.
The US Senate will vote on new crypto rules on September 15.
The bill is called the CLARITY Act. It would split crypto oversight between two agencies — the SEC and the CFTC. Today, no one is sure which agency watches which coins. This bill tries to fix that.
The September 15 vote is a procedural step. It needs 60 out of 100 senators to agree just to move forward. If it falls short, the bill is stalled for this year — not killed, but stuck.
SEC Chair Paul Atkins says he expects the vote to happen. But there are disagreements over DeFi rules and stablecoin yields that could stop it.
What this means for you: US rules do not change how you send USDT today. But when a big country writes clear crypto laws, it helps the whole market feel safer — and that matters even if you are not in the US.
The bill is called the CLARITY Act. It would split crypto oversight between two agencies — the SEC and the CFTC. Today, no one is sure which agency watches which coins. This bill tries to fix that.
The September 15 vote is a procedural step. It needs 60 out of 100 senators to agree just to move forward. If it falls short, the bill is stalled for this year — not killed, but stuck.
SEC Chair Paul Atkins says he expects the vote to happen. But there are disagreements over DeFi rules and stablecoin yields that could stop it.
What this means for you: US rules do not change how you send USDT today. But when a big country writes clear crypto laws, it helps the whole market feel safer — and that matters even if you are not in the US.
Why do people in Libya use USDT?
The Libyan dinar changes value. Over the past year, it lost about 17% against the US dollar — that is from TradingEconomics data on September 2.
USDT is different. One USDT tracks one US dollar. When the dinar moves, USDT holds its value in dollar terms.
This is why many people in Libya keep some savings in USDT. It is also a way to send money to family abroad without going through a bank.
Simple version: USDT is a digital dollar on your phone. No bank account needed. You send it anywhere in seconds.
The card shows the live USDT/LYD rate at our desk — check it before you buy or sell.
The Libyan dinar changes value. Over the past year, it lost about 17% against the US dollar — that is from TradingEconomics data on September 2.
USDT is different. One USDT tracks one US dollar. When the dinar moves, USDT holds its value in dollar terms.
This is why many people in Libya keep some savings in USDT. It is also a way to send money to family abroad without going through a bank.
Simple version: USDT is a digital dollar on your phone. No bank account needed. You send it anywhere in seconds.
The card shows the live USDT/LYD rate at our desk — check it before you buy or sell.
AI answers can lead to fake websites.
On September 4, a crypto user reported losing $2.1 million after clicking a link from a ChatGPT answer. The link looked real but led to a phishing site. The user approved a transaction — and the money was gone.
New York officials also warned this week that AI-generated content makes investment scams more convincing. Reported scam losses topped $8 billion in 2025, up 38% from the year before.
What this means for you: AI tools can make mistakes. Some answers include links to fake websites that look real. Before you click any link and connect your wallet, check the address yourself. If you are not sure, do not approve.
On September 4, a crypto user reported losing $2.1 million after clicking a link from a ChatGPT answer. The link looked real but led to a phishing site. The user approved a transaction — and the money was gone.
New York officials also warned this week that AI-generated content makes investment scams more convincing. Reported scam losses topped $8 billion in 2025, up 38% from the year before.
What this means for you: AI tools can make mistakes. Some answers include links to fake websites that look real. Before you click any link and connect your wallet, check the address yourself. If you are not sure, do not approve.
Bitcoin is back near $80,000.
After a wild week, BTC trades around $79,800 today. It briefly touched $80,120 on September 5 — but could not break through the $81,000 wall.
Two forces pull in opposite directions. Spot ETFs pulled in almost $1 billion this week — BlackRock's fund alone brought $731 million. That is real buying. But a strong US jobs report raised the chance of another rate hike to 58%, and that pushed prices back down.
What this means for you: the next big moment is the CPI report on September 11, then the Fed meeting on September 15-16. Price may move around. If you send USDT, the Bitcoin price does not change your transfer — the network and the address still matter most.
After a wild week, BTC trades around $79,800 today. It briefly touched $80,120 on September 5 — but could not break through the $81,000 wall.
Two forces pull in opposite directions. Spot ETFs pulled in almost $1 billion this week — BlackRock's fund alone brought $731 million. That is real buying. But a strong US jobs report raised the chance of another rate hike to 58%, and that pushed prices back down.
What this means for you: the next big moment is the CPI report on September 11, then the Fed meeting on September 15-16. Price may move around. If you send USDT, the Bitcoin price does not change your transfer — the network and the address still matter most.
Europe pulled USDT off its exchanges.
A new EU law called MiCA requires stablecoin makers to get a license. Tether, the company behind USDT, did not apply. So exchanges like Coinbase, Kraken, Binance and Revolut removed USDT for European users through July and August.
Revolut then launched EURR — its own euro stablecoin. It tracks the euro instead of the dollar and follows MiCA rules from the start.
What this means for you: this only affects people using EU-based exchanges. If you send USDT on TRC20 from Libya, nothing changes — your transfers work the same way. USDT is still the most used stablecoin in the world. But it is good to know that rules around stablecoins are getting tighter in some places.
A new EU law called MiCA requires stablecoin makers to get a license. Tether, the company behind USDT, did not apply. So exchanges like Coinbase, Kraken, Binance and Revolut removed USDT for European users through July and August.
Revolut then launched EURR — its own euro stablecoin. It tracks the euro instead of the dollar and follows MiCA rules from the start.
What this means for you: this only affects people using EU-based exchanges. If you send USDT on TRC20 from Libya, nothing changes — your transfers work the same way. USDT is still the most used stablecoin in the world. But it is good to know that rules around stablecoins are getting tighter in some places.
Liquid Network stopped all transfers yesterday.
Liquid Network is a Bitcoin sidechain built by Blockstream. Exchanges use it to move Bitcoin faster. On September 6, someone used a software bug to pull about 4,000 BTC — worth $320 million — from the network's shared wallet.
The people who took the money say they are "white-hat" hackers. That means they claim they found the bug first and may return the funds once it is fixed. But the money is gone for now.
Liquid has halted all transactions while it investigates. Blockstream confirmed the exploit in a statement on September 6.
What this means for you: this happened on a sidechain, not on Bitcoin itself. If you hold Bitcoin in your own wallet or send USDT on TRC20, your money is not affected. But it is a good reminder — even systems built by experts can have bugs. Know where your crypto is stored.
Liquid Network is a Bitcoin sidechain built by Blockstream. Exchanges use it to move Bitcoin faster. On September 6, someone used a software bug to pull about 4,000 BTC — worth $320 million — from the network's shared wallet.
The people who took the money say they are "white-hat" hackers. That means they claim they found the bug first and may return the funds once it is fixed. But the money is gone for now.
Liquid has halted all transactions while it investigates. Blockstream confirmed the exploit in a statement on September 6.
What this means for you: this happened on a sidechain, not on Bitcoin itself. If you hold Bitcoin in your own wallet or send USDT on TRC20, your money is not affected. But it is a good reminder — even systems built by experts can have bugs. Know where your crypto is stored.
Fake security alerts are hitting crypto users.
On September 3, Binance warned that scammers are sending fake text messages to its users. The texts look real. They say things like "unusual login detected" or "your account will be suspended."
The message includes a link. The link leads to a fake website that looks like the real one. If you enter your password or approve a transaction, the scammers take your money.
Some texts even fake the sender ID, so the name "Binance" shows up on your phone screen.
What this means for you: no real exchange sends a text asking you to verify your password or approve a login through a link. If you get a message like this, do not click. Open the app yourself and check there.
On September 3, Binance warned that scammers are sending fake text messages to its users. The texts look real. They say things like "unusual login detected" or "your account will be suspended."
The message includes a link. The link leads to a fake website that looks like the real one. If you enter your password or approve a transaction, the scammers take your money.
Some texts even fake the sender ID, so the name "Binance" shows up on your phone screen.
What this means for you: no real exchange sends a text asking you to verify your password or approve a login through a link. If you get a message like this, do not click. Open the app yourself and check there.
Bitcoin dropped below $79,000 today.
BTC fell about 1.6% in 24 hours to around $78,400 on September 8. Ethereum also slipped about 1%, to near $2,470.
Two things pushed prices down. Fighting between the US and Iran made investors move away from risk. And a strong US jobs report raised the chance of another rate hike — higher rates tend to hurt crypto.
But ETF inflows are still strong. Almost $1 billion came in this week — the third week in a row. Big investors are still buying.
What this means for you: the next key moment is the CPI report on September 11, then the Fed on September 16. Prices may swing. But if you send USDT, Bitcoin's price does not change your transfer — the network and the address still matter most.
BTC fell about 1.6% in 24 hours to around $78,400 on September 8. Ethereum also slipped about 1%, to near $2,470.
Two things pushed prices down. Fighting between the US and Iran made investors move away from risk. And a strong US jobs report raised the chance of another rate hike — higher rates tend to hurt crypto.
But ETF inflows are still strong. Almost $1 billion came in this week — the third week in a row. Big investors are still buying.
What this means for you: the next key moment is the CPI report on September 11, then the Fed on September 16. Prices may swing. But if you send USDT, Bitcoin's price does not change your transfer — the network and the address still matter most.
Tether can freeze your USDT.
Two Thai businessmen sued Tether in a New York court on August 31. They say Tether froze $42.4 million of their USDT — months before any judge signed a warrant.
The freeze happened after an informal request from a U.S. investigator. No court order. No subpoena. Just a phone call.
A seizure warrant came 112 days later. By then, the money was already locked.
What this means for you: USDT is not like cash in your pocket. The company behind it can freeze any address, at any time. For most people this will never happen. But it is good to know who holds the key.
Two Thai businessmen sued Tether in a New York court on August 31. They say Tether froze $42.4 million of their USDT — months before any judge signed a warrant.
The freeze happened after an informal request from a U.S. investigator. No court order. No subpoena. Just a phone call.
A seizure warrant came 112 days later. By then, the money was already locked.
What this means for you: USDT is not like cash in your pocket. The company behind it can freeze any address, at any time. For most people this will never happen. But it is good to know who holds the key.