The recent establishment of the Presidential Council of Advisers for Digital Assets marks a significant milestone in U.S. policymaking regarding cryptocurrency. Appointed by President-elect Donald Trump, Bo Hines, a former college football player, will take on the role of executive director. His selection sends a clear message about the incoming administration’s commitment to fostering a
Crypto
In 2024, the European cryptocurrency market experienced a notable shift, primarily driven by the rise of euro-backed stablecoins. Sparked by the introduction of the Markets in Crypto-Assets Regulation (MiCA), these stablecoins have successfully captured the attention of institutional investors and liquidity providers alike. This regulatory framework, which came into effect in June, has not only
The case of Mohammed Azharuddin Chhipa, a 35-year-old resident of Springfield, Virginia, epitomizes a troubling trend in modern terrorism financing. Chhipa’s conviction on December 13, 2024, for providing material support to the notorious terrorist group Islamic State of Iraq and al-Sham (ISIS) has unveiled the intricate mechanisms employed by individuals to fund terrorist activities. Over
The world of cryptocurrency has proven to be a double-edged sword: while it offers unprecedented opportunities for wealth creation, it also invites scrutiny, controversy, and legal complications. Recently, Kim Nam-guk, a former lawmaker from South Korea’s Democratic Party, has emerged at the center of a major legal storm. Accusations have surfaced that he failed to
As we approach the conclusion of 2024, the crypto landscape remains fraught with adversity due to escalating cybercrime activities. The Security, Fraud, and Compliance Report released by the web3 security firm Cyvers highlights a shocking reality: over $2.361 billion was siphoned off from the crypto industry, a staggering rise of 40% compared to the previous
Recent insights from a comprehensive survey conducted by blockchain infrastructure provider P2P.org have shed light on the complexities facing institutions as they adopt cryptocurrency strategies. With input from over 15 diverse institutional players, the survey revealed critical insights into the challenges and opportunities in the rapidly evolving crypto landscape. Among the respondents, intermediaries, investment funds,
The cryptocurrency market is notorious for its rapid fluctuations, and Ripple’s XRP token has recently become a case study in market volatility. Following a significant market-wide downturn, XRP witnessed a dramatic price decline from over $2.70 to below $2.00 within a matter of days. This drop not only highlights the token’s vulnerability but also underscores
In a surprising shift that has captured the attention of both the automotive and cryptocurrency industries, Shanghai-based Cango Inc. is redefining its business model by delving into Bitcoin (BTC) mining. This transformation was marked by a substantial acquisition of $256 million aimed at acquiring 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies, a
The NFT landscape, particularly within gaming, has become a focal point for regulatory scrutiny, with CyberKongz at the heart of a recent controversy. On December 16, 2023, the project publicly disclosed that it received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice signifies potential legal implications and acknowledges that the
The year 2024 proved to be a pivotal moment for the cryptocurrency industry, characterized by soaring coin prices yet stagnating user engagement across various established blockchains. A recent report from Flipside, a platform specializing in blockchain analytics, highlights vital findings about on-chain user activity. It seems that while financial speculation drives increasing asset values, the
