The appointment of Bo Hines as the executive director of the recently established Presidential Council of Advisers for Digital Assets marks a significant pivot in the U.S. government’s approach to cryptocurrency under President-elect Donald Trump. As a former college football player and political candidate, Hines embodies a new breed of leaders entering the political scene,
Crypto
The year 2024 marked a significant turning point in the European cryptocurrency sector, highlighted by the ascent of euro-backed stablecoins. This profound change was largely precipitated by the implementation of the Markets in Crypto-Assets Regulation (MiCA), a legislative framework designed to create more robust regulatory oversight in the crypto space. As a result, euro-backed stablecoins
In recent years, the emergence of cryptocurrency as a tool for raising funds has sparked considerable debate surrounding its use—in particular, its infiltration into the dark underbelly of terrorism financing. The conviction of Mohammed Azharuddin Chhipa, a 35-year-old from Springfield, Virginia, serves as a poignant example of this troubling trend. Faced with serious charges related
The saga surrounding Kim Nam-guk, a former lawmaker associated with South Korea’s Democratic Party, has raised significant eyebrows within the realm of cryptocurrency and public conduct among elected officials. Kim is facing grave allegations of concealing substantial cryptocurrency assets during his asset disclosures in 2021 and 2022. Prosecutors have leveled claims suggesting that Kim intentionally
As we approach the closing chapter of 2024, the pervasive threat of cybercrime within the cryptocurrency sector has reached alarming heights, as elucidated in the recent Security, Fraud, and Compliance Report conducted by Cyvers, a prominent player in web3 security. The report indicates that the cryptocurrency ecosystem has suffered a staggering loss of over $2.361
A recent survey conducted by P2P.org, a provider of blockchain infrastructure, sheds light on the hurdles and emerging trends that are shaping the adoption strategies of institutions in the cryptocurrency space. This survey, which garnered insights from over 15 key players in the sector—including intermediaries, investment funds, and venture capital firms—reveals critical data about how
Ripple (XRP) is no stranger to market fluctuations, a reality exemplified by its recent dramatic price shifts amid a broader cryptocurrency market downturn. From an exhilarating surge above $2.7 to a painful drop below $2 in mere days, XRP has demonstrated the volatile nature of digital assets. This article will delve into the factors influencing
Cango Inc., previously known for its automotive transaction services based in Shanghai, has announced a dramatic strategic pivot into the world of Bitcoin mining. With a substantial investment of $256 million for a significant acquisition of 32 exahashes per second (EH/s) of hashrate from Bitmain Technologies, Cango is positioning itself as a fierce competitor in
In a notable turn of events within the blockchain gaming landscape, CyberKongz has found itself under the regulatory microscope of the U.S. Securities and Exchange Commission (SEC). On December 16, the NFT-focused gaming project announced that it had received a Wells Notice from the SEC, raising serious concerns about their integration of the ERC-20 token
The cryptocurrency landscape in 2024 has been marked by dramatic price increases, yet surprisingly, the growth in on-chain users has not mirrored this momentum. A deep dive into Flipside’s recent report on on-chain users reveals critical insights into the dynamics at play in various blockchain networks. While some chains, particularly Base, have shown exponential user
