A recent survey of 1,248 cryptocurrency investors highlights the profound influence of emotions on investment decisions. According to Kraken, 84% of respondents admitted to investing due to fear of missing out, while 81% were swayed by fear, uncertainty, and doubt. Kraken noted that the findings indicate a "significant majority of ...
Cathie Wood, founder of Ark Invest, has expressed concern that the U.S. almost lost its competitive edge in crypto, especially before Donald Trump's reelection. In a CNN interview, Wood stressed the importance of the U.S. regaining leadership in emerging technologies such as crypto, AI, robotics, energy storage, and multiomic sequencing. ...
South Korea has delayed the implementation of its controversial 20% cryptocurrency tax for the third time, extending the deadline to 2027. Democratic Party (DP) floor leader Park Chan-dae announced a postponement of cryptocurrency tax enforcement, citing the need for more institutional preparation and a comprehensive overhaul of existing frameworks. This ...
Analysts at Matrixport have suggested that Donald Trump's potential picks for key roles at the U.S. Treasury, Commerce Department, and possibly the Securities and Exchange Commission could usher in a crypto-friendly era. The crypto-based financial services platform released a report suggesting that the narrative in the country around Bitcoin as ...
An AI bot named Freysa, managing a $50,000 cryptocurrency prize pool, was outsmarted by a user who successfully convinced it to override its core directive of never releasing the funds. The feat, achieved after 481 failed attempts, was observed by software engineer Jarrod Watts, marking a rare victory in the ...
Indonesia's cryptocurrency market has experienced extraordinary growth in 2024, with transaction volumes reaching $30 billion by October, a 352% increase compared to $6.5 billion in the same period last year. A November 28 report from local news outlet Investor ID quoting data released by the country's financial regulator, the Commodity ...
The Eurasian Group on Combating Money Laundering (EAG) has raised alarms over increasingly sophisticated money laundering operations in 2024, driven by the growing use of cryptocurrencies and multi-layered schemes. According to a report by Russia’s state-run news agency, the EAG, in its just concluded plenary session, warned of the rising role ...
In early November, internet traffic to major cryptocurrency exchanges in Russia saw an 8% increase. This rise was attributed to the increasing prices of Bitcoin and changes in local regulations, according to an analysis by MegaFon, one of Russia's leading telecommunications providers. The analysis showed that users in Russia accounted ...
OKX, a global leader in cryptocurrency exchange and Web3 technology, has officially launched its services in Belgium. This expansion allows residents to access a comprehensive ecosystem for trading and managing cryptocurrencies. Belgian users can now engage in spot trading and utilize conversion services for over 200 cryptocurrencies, which includes more ...
A recent report by U.S. Treasury economists reveals that low-income households with significant cryptocurrency exposure are seeing substantial increases in mortgage and auto loan originations and balances. The report suggests that profits from crypto investments are helping these households obtain larger loans, especially for purchasing homes. “Zip codes with the ...
