In a significant move that underscores the growing prominence of digital currencies, President-elect Donald Trump has introduced the Presidential Council of Advisers for Digital Assets. Appointing Bo Hines, a former college football player and a recent Republican congressional candidate, as its executive director, this newly formed advisory body aims to position the United States as
Crypto
The landscape of cryptocurrency in Europe underwent a significant transformation in 2024, primarily fueled by the new regulations outlined in the Markets in Crypto-Assets Regulation (MiCA). These regulations provided much-needed clarity, which in turn, instigated a surge in the popularity and trading volumes of euro-backed stablecoins. These assets have evolved from niche instruments into key
In a case that underscores the complex interplay between technology and terrorism, Mohammed Azharuddin Chhipa, a 35-year-old resident of Springfield, Virginia, was convicted on December 13, 2024, for his involvement in funding operations for the Islamic State of Iraq and al-Sham (ISIS). His actions, part of a larger web of terrorism financing activities, expose not
In South Korea, the intersection of politics and cryptocurrency is taking center stage as former lawmaker Kim Nam-guk, from the Democratic Party, faces allegations of financial misconduct. Accusations claim that Kim deliberately concealed sizable cryptocurrency assets in his asset declarations for 2021 and 2022. This scandal, which involves millions of dollars in crypto profits, is
As we near the end of 2024, the crypto landscape is reeling from alarming cyber threats, as highlighted in the recent report released by the web3 security firm Cyvers. This report has unveiled staggering losses exceeding $2.36 billion due to cybercrime incidents affecting this increasingly decentralized market. These figures reveal a worrying 40% increase compared
A recent survey conducted by P2P.org, a provider of blockchain infrastructure, reveals the intricate landscape of cryptocurrency adoption among institutional investors. Engaging over 15 notable participants including intermediaries, investment funds, and venture capital firms, the study provides insights into the diverse challenges and emerging trends that these institutions face as they navigate the volatile crypto
The cryptocurrency market is notorious for its volatility, and XRP, Ripple’s digital currency, has recently experienced a prime example of this reality. Following a period of optimism fueled by Ripple’s announcement regarding its much-anticipated stablecoin, XRP’s value skyrocketed from around $2.4 to approximately $2.7. This surge reflected not only a positive sentiment among investors but
In an unexpected strategic pivot, Cango Inc., a Shanghai-based car dealership, has shifted its focus from traditional automotive transactions to dive headfirst into the burgeoning world of cryptocurrency. With a monumental acquisition of $256 million to secure 32 exahashes per second (EH/s) of hashing power from Bitmain Technologies, Cango not only embraces the digital economy
The evolving landscape of non-fungible tokens (NFTs) and blockchain gaming has ushered in exciting opportunities for creators and developers. However, with innovation comes regulatory challenges. CyberKongz, an NFT project built on gaming, recently found itself at the center of such challenges following the issuance of a Wells Notice by the U.S. Securities and Exchange Commission
The cryptocurrency landscape in 2024 witnessed a compelling juxtaposition: while crypto asset prices skyrocketed, user engagement across multiple prominent blockchains displayed a more nuanced narrative. The report released by Flipside, a blockchain analytics platform, highlights critical insights into user acquisition and retention within the crypto sphere. This examination of user data suggests that while some
