France authorities intensify efforts to curb burgeoning crypto scams

France authorities intensify efforts to curb burgeoning crypto scams

1 min read

Cryptocurrency popularity in France has led to more financial scams, causing authorities to take urgent steps to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, is very concerned about the increase in scams involving fake crypto investments. Recent reports show that victims of fake savings accounts lost about €69,000, while those impacted by fake loans lost around €19,000. Crypto-asset scams have increased

Three major crypto advocacy groups sue the IRS

Three major crypto advocacy groups sue the IRS

1 min read

Three major cryptocurrency groups—the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council—are suing the Internal Revenue Service (IRS) over its new rules that impact decentralized finance (DeFi) platforms. The groups argue that the IRS has gone too far by labeling DeFi platforms as brokers, which has caused a strong reaction from the crypto community. The IRS has updated its definition of “broker” to include decentralized exchanges and front-end platforms,

Speculation rises over a potential presidential pardon for Sam Bankman-Fried

Speculation rises over a potential presidential pardon for Sam Bankman-Fried

1 min read

There is growing talk about a possible presidential pardon for Sam Bankman-Fried, the former FTX founder who was recently found guilty of fraud and money laundering and given a 25-year prison sentence. His case has led to a lot of discussion, especially because of his large political donations, like a $5.2 million contribution to pro-Biden super PACs in 2020, which makes him the second-largest individual donor to the Democratic Party

Thailand considers a Bitcoin payment pilot in Phuket's tourism sector

Thailand considers a Bitcoin payment pilot in Phuket’s tourism sector

1 min read

Thailand is looking into using Bitcoin payments in its tourism sector, with Phuket as a possible testing location in the Digital Asset Regulatory Sandbox starting in 2024. Thaksin Shinawatra, a former Prime Minister and supporter of cryptocurrencies, suggested that using Bitcoin for tourism could bring in tech-savvy tourists and boost the local economy. He pointed out that Thailand depends a lot on tourism and foreign investment, which makes it a

Ethereum ETFs gain $130 million

Ethereum ETFs gain $130 million

1 min read

Bitcoin exchange-traded funds (ETFs) have seen large withdrawals lately, amounting to almost $1.2 billion in just three days, including a record single-day pull of $680 million on December 19. This is the biggest outflow since Bitcoin ETFs started. Analysts say this trend is mainly due to profit-taking, but some think it might show a bigger change in how investors feel. Before this decline, Bitcoin ETFs saw strong inflows, raising their

FBI confirms North Korea's TraderTraitor group stole $308M in Bitcoin from DMM Bitcoin

FBI confirms North Korea’s TraderTraitor group stole $308M in Bitcoin from DMM Bitcoin

1 min read

The FBI has linked the major DMM Bitcoin hack to North Korea’s TraderTraitor hacking group, thought to be connected to the infamous Lazarus Group. A cyberattack in May led to the theft of 4,502 Bitcoin, worth about $308 million, causing the Japanese crypto exchange to collapse and close down. The attack started with clever social engineering tricks targeting Ginco, a Japanese cryptocurrency wallet provider. Hackers pretended to be recruiters on

MEXC Launches the Meme+ Zone: Unlocking Early Opportunities in Trending Memecoins

MEXC Launches the Meme+ Zone: Unlocking Early Opportunities in Trending Memecoins

2 mins read

MEXC, the world’s leading cryptocurrency trading platform, officially launches the Meme+ Zone on the app. About The MEXC Meme+ Zone The MEXC Meme+ Zone focuses on trending on-chain projects, combining the advantages of spot trading and on-chain transactions. With the adoption of an order-book model, the platform ensures strong token liquidity, significantly reducing slippage and enabling faster and more efficient trades. In the Meme+ Zone, users can seamlessly trade high-potential

MicroStrategy plans to issue more shares to fund its $42 billion Bitcoin acquisition strategy

MicroStrategy plans to issue more shares to fund its $42 billion Bitcoin acquisition strategy

1 min read

MicroStrategy plans to increase its share issuance to boost its Bitcoin purchases, aiming for $42 billion in Bitcoin through equity and debt financing. MicroStrategy’s stock has jumped almost 420% in 2024, similar to how well Bitcoin is doing. A special shareholder meeting is set to approve changes to the company’s equity issuance policy for this plan. MicroStrategy plans to increase its authorized Class A common stock from 330 million to

Bitcoin ETFs see $1.2 billion outflows in three days

Bitcoin ETFs see $1.2 billion outflows in three days

1 min read

Bitcoin exchange-traded funds (ETFs) have seen large withdrawals lately, amounting to almost $1.2 billion in just three days, including a record single-day pull of $680 million on December 19. This is the biggest outflow since Bitcoin ETFs started, causing analysts to worry about changes in investor feelings, even though profit-taking is said to be the main reason. Before this decline, Bitcoin ETFs saw strong inflows, raising total assets from $100

Russia announces a 6-year crypto mining ban in 10 regions starting January 2025

Russia announces a 6-year crypto mining ban in 10 regions starting January 2025

1 min read

Russia will implement a six-year ban on cryptocurrency mining in ten regions, starting in January 2025 and lasting until March 2031. This choice is part of a larger effort to control energy use and stabilize the power grid as electricity demand rises. This ban affects Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson. Also, places like Irkutsk, Buryatia, and the Trans-Baikal Territory will have mining limits

Over 15 million South Koreans now invest in crypto

Over 15 million South Koreans now invest in crypto

1 min read

South Korea has reached an important point in crypto use, with more than 30% of its people now investing in digital assets. By late 2024, there were 15.59 million crypto investors, the highest number ever for the country. This increase shows how important cryptocurrencies are becoming in South Korea’s financial system. In November, daily trading volume for cryptocurrencies reached $10.5 billion, exceeding the total trading activity of the KOSPI and

Rumors of a presidential pardon for FTX's Sam Bankman-Fried spark outrage

Rumors of a presidential pardon for FTX’s Sam Bankman-Fried spark outrage

1 min read

Sam Bankman-Fried, the ex-CEO of the bankrupt cryptocurrency exchange FTX, is being talked about in relation to a possible presidential pardon after receiving a 25-year sentence for fraud and embezzlement. SBF was convicted in November 2023 on several charges. His case has sparked talks about how political ties can affect court decisions, especially because he donated a lot to the Democratic Party, including $5.2 million to pro-Biden super PACs during

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