In 2024, crypto-related hacks and scams caused the industry to lose $3.01 billion, marking a 15% increase from the previous year’s $2.61 billion, according to PeckShield's data in a January 9 X post. The data showed that out of $3.01 billion in losses, $2.15 billion were due to hacks, while ...
Outgoing SEC Chair Gary Gensler has once again criticized the cryptocurrency industry, describing it as a sector largely influenced by sentiment rather than solid fundamentals. In a Bloomberg Television interview, Gensler expressed skepticism about the longevity of many cryptocurrency projects, emphasizing the urgent need for stricter regulations targeting altcoins and ...
The International Monetary Fund (IMF) has released a technical assistance report urging Kenya to establish a transparent and stable regulatory framework for the cryptocurrency sector in response to a request from the Capital Markets Authority. To help safeguard consumers while addressing potential risks of Anti-Money Laundering (AML) and Countering the ...
A recent survey by News1 indicates that South Korean cryptocurrency investors have again shown a strong preference for Bitcoin, which remains the most preferred digital asset, with Ripple (XRP) now in second place, surpassing Ethereum (ETH). The survey was conducted on the blockchain-based voting platform, The POL, from December 24 ...
Banco de Investimentos Globais (BiG), one of Portugal's leading banks, has blocked fiat transfers to cryptocurrency platforms. This was revealed in a notification shared by José Maria Macedo, co-founder of Delphi Labs. The notification stated that the action aligns with guidelines from the European Central Bank (ECB), the European Banking ...
Hunter Horsley, CEO of Bitwise Asset Management, has highlighted the potential for the economic policies of the incoming Donald Trump administration in the United States to influence the cryptocurrency industry significantly. In a recent tweet, Horsley pointed out that the potential deregulation of mergers and acquisitions under the Trump administration ...
The Indian Ministry of Home Affairs, through its Cyber Crime Coordination Centre, has teamed up with Google and Facebook as part of its efforts to address the growing issue of cryptocurrency scams across the country. In its 2024 annual report, the Ministry highlighted that vulnerable groups, including unemployed youths, housewives, ...
Eun-bo Jeong, Chairman of the South Korea Exchange, has expressed interest in pursuing the approval of cryptocurrency exchange-traded funds (ETFs) as part of efforts to revitalize the country's financial markets. South Korean media outlet The Fact reported that during his address at the 2025 Securities and Derivatives Market Opening Ceremony ...
In December 2024, more than 25 cryptocurrency hacks were reported, resulting in a total loss of $24.69 million. This represents a significant decline of over 70% compared to the losses recorded in November, as noted in an X post by the blockchain security firm PeckShield. The most significant incident in ...
KuCoin has launched a new feature that enables merchants to allow customers to pay for purchases directly from their accounts on the crypto exchange. According to the crypto exchange, this new feature, dubbed “ KuCoin Pay,” bridges the gap between traditional retail and digital currencies and will help create new ...
