Crypto Revolution: Strategic Reserves and Illicit Markets

Explore the potential global impact of Trump's proposed Strategic Bitcoin Reserve and the rise of the HuiOne Telegram market, now the largest illicit crypto marketplace. Delve into the intersection of AI and blockchain, and learn from a cautionary tale of a massive cryptocurrency scam. This episode of Simply Crypto offers insights into the evolving landscape of digital currencies and the challenges and opportunities they present.

Sources:
https://theconversation.com/trumps-plan-for-a-strategic-bitcoin-reserve-could-trigger-a-crypto-arms-race-and-reshape-the-global-economic-order-247277
https://thehackernews.com/2025/01/illicit-huione-telegram-market.html
https://www.forbes.com/sites/bernardmarr/2025/01/15/ai-meets-blockchainthe-next-frontier-of-cryptocurrency/
https://www.thestar.com.my/news/nation/2025/01/14/ex-engineer-in-johor-loses-rm94mil-to-cryptocurrency-scam

Outline:
(00:00:00) Introduction
(00:00:45) Trump’s plan for a strategic bitcoin reserve could trigger a crypto ‘arms race’ and reshape the global economic order
(00:03:52) Illicit HuiOne Telegram Market Surpasses Hydra, Hits $24 Billion in Crypto Transactions
(00:07:08) AI Meets Blockchain - The Next Frontier Of Cryptocurrency
(00:09:57) Ex-engineer in Johor loses RM9.4mil to cryptocurrency scam