Bitcoin News Today: FBI and FinCEN Warn of 99 Surged Crypto ATM Scams Costing $247 Million

Today's Bitcoin News: 1. **FBI and FinCEN Warn of Crypto ATM Scams**: The FBI and FinCEN have issued a warning about a surge in cryptocurrency ATM (BTC ATM) scams, which have resulted in over $247 million in losses. These scams, which have seen a 99% increase, often target individuals seeking to buy or sell Bitcoin and other cryptocurrencies. 2. **El Salvador's Shift to Institutional Investment**: El Salvador's new Bitcoin law marks a significant shift in focus from retail adoption to institutional investment. The law allows large financial institutions to offer financial services denominated in Bitcoin and other digital assets to sophisticated investors, signaling a move towards larger, institutional capital. 3. **Bitcoin Swift's Stage 4 Presale Progress**: Bitcoin Swift (BTC3) has announced progress in its Stage 4 presale, raising $580,000 with a remarkable 106% APY. Analysts forecast Bitcoin trading between $80,000 and $185,000, driven by institutional adoption. 4. **Crypto Craze in Washington and Wall Street**: Cryptocurrencies like Bitcoin have gained traction among Wall Street and Washington, with significant investments and regulatory developments. The Genius Act allows companies like Wal-Mart and Amazon to issue digital currencies, and Congress is debating a bill to regulate cryptocurrency trading. 5. **Bullish's IPO Potential**: Crypto exchange Bullish, backed by Peter Thiel and Cathie Wood, is planning to go public at a valuation of up to $4.2 billion. The exchange's volatile financials, heavily influenced by changing crypto prices, present challenges but also opportunities for growth. 6. **Ethereum's Price Surge**: Ethereum's price has surged to $4,300, restoring Vitalik Buterin's crypto billionaire status. The surge is attributed to increased demand, with Ethereum ETFs recording significant net inflows, surpassing Bitcoin inflows. In conclusion, these developments highlight the growing institutional interest in cryptocurrencies, the evolving regulatory landscape, and the ongoing innovation in the crypto space. However, caution is warranted due to increased fraud risks, as highlighted by the FBI and FinCEN's warning on crypto ATM scams.