Crypto

Man arrested for pretending to be Uber driver, stealing victims’ cryptocurrency

Published

1 year ago

December 13, 2024

Man arrested for pretending to be Uber driver, stealing victims’ cryptocurrency

A man was arrested and booked on theft and fraud charges after pretending to be an Uber driver and stealing cryptocurrency from his victims.

Nuruhussein Hussein, 39, of Tempe, was arrested by the Scottsdale Police on December 11th.

Scottsdale police allege Hussein pretended to be a rideshare driver between March and December 2024. Hussein would allegedly attain the phones of his victims and transfer their cryptocurrency holdings to his account.

According to court records, Hussein called victims by their names outside the W Hotel in Scottsdale. After the victims entered his car, Hussein would ask to see their phones, claiming there was an issue with the Uber app, while secretly transferring funds to himself.

One victim told police Hussein threatened him, saying “If you don’t chill out, something bad going to happen.”

At the time of his arrest, Scottsdale police believe Hussein had stolen more than $200,000.

Scottsdale police detectives worked with Secret Service special agents on the case.

Hussein’s next court hearing is scheduled for December 18.

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Crypto

Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

Published

60 minutes ago

December 17, 2025

Press Room

Lawmakers are confronting rising pressure to modernize cryptocurrency tax policy as uncertainty clouds compliance, threatens U.S. competitiveness, and forces Congress to weigh legislative action amid warnings that capital and innovation could move offshore.

Crypto

Cryptocurrency becomes trendy holiday gift option

Published

13 hours ago

December 16, 2025

Press Room

Cryptocurrency becomes trendy holiday gift option

PHOENIX (AZFamily) — Cryptocurrency is appearing on more holiday wish lists as gift-givers look for alternatives to traditional presents.

A new survey from the National Cryptocurrency Association and PayPal shows 24% of Americans have given or are considering giving cryptocurrency this holiday season.

The survey also found that 17% of consumers would rather receive cryptocurrency than a gift card, and 31% of Americans believe crypto gifts are less likely to go unused than gift cards.

“It’s actually a trending holiday gift, especially compared to gift cards,” said Ali Tager, a spokesperson for the NCA. “We know crypto is becoming increasingly mainstream.”

Tager said people like receiving cryptocurrency because it has the potential to increase in value.

“There’s so much you can do with this technology and it’s still in its early days,” she said.

Financial advisor Angelica Prescod said there are other investment options to consider for gift-giving.

“One of them is just gifting people something simple. Maybe some shares of some stocks that you may already have, that you are gifting over, or you can give them the cash to do so and open up their own account and feel involved in the process,” Prescod said. “For most folks [cryptocurrency] is not really the go to.”

Gift-givers can also contribute to 529 plans for college and other education expenses.

“It’s that gift that potentially can keep on giving,” Prescod said.

For those still interested in giving cryptocurrency, experts recommend doing research first.

“Like with everything, anywhere, you always want to do your research. You want to make sure to verify your sources. You never want to take financial advice from strangers or click on random links that you receive,” Tager said.

The National Cryptocurrency Association offers a crypto simulator that helps users learn how to choose an exchange, set up a wallet, and send and receive cryptocurrency without spending real money.

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Crypto

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Published

1 day ago

December 16, 2025

Press Room

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Visa is moving deeper into stablecoin-powered payments as adoption surges, launching a new advisory practice to help banks, fintechs, and enterprises design, assess, and deploy stablecoin strategies across global payment and treasury operations.