Bitcoin Correction Deepens, Sees Worst Week Since Trump Win
BTC prices are currently down 12% from their all-time high of just above $108,000 on Dec. 17, and the correction appears to be deepening. The asset hit an intraday low…
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Euro-Backed Stablecoins Flourish Post-MiCA, Reach €800M in Monthly Volumes
In 2024, euro-backed stablecoins emerged as a critical driver of growth in the European cryptocurrency market, bolstered by the implementation of the Markets in Crypto-Assets Regulation (MiCA). In fact, these…
ISIS Crypto Fundraiser Mohammed Chhipa Faces 20 Years After Conviction in Virginia
Mohammed Azharuddin Chhipa, 35, from Springfield, Virginia, was convicted on December 13, 2024, for providing material support to the Islamic State of Iraq and al-Sham (ISIS), which has been designated…
South Korean Ex-Lawmaker Faces 6-Month Prison Sentence Over Hidden Crypto Holdings
Kim Nam-guk, a former South Korean lawmaker from the Democratic Party, is under legal scrutiny for allegedly concealing substantial cryptocurrency holdings in his 2021 and 2022 asset declarations. He is…
Treasury Cracks Down on North Korean Sanctions Evasion Through Crypto Laundering
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and one entity involved in a network laundering millions of dollars in illicit funds…
Crypto Industry Lost $2.3B to Cyber Threats in 2024: Cyvers Report
As 2024 gradually wraps up, the web3 security firm Cyvers has released a Security, Fraud, and Compliance Report for the year, detailing how much impact cybercriminals and their operations had…
These Challenges Affect Institutional Crypto Adoption Strategies (Survey)
A new survey by the blockchain infrastructure provider P2P.org has unveiled some challenges and trends affecting institutions’ crypto adoption strategies. It also highlighted opportunities that institutions could explore to adapt…
Argentina’s Mining Sector Pioneers Lithium Tokenization by Tapping Cardano
Cardano’s blockchain technology is set to revolutionize the Argentine lithium industry through an agreement with three players in the sector: Atómico 3, Zengate, and Alto Grande. The collaboration will introduce…
Chinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment
Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the…
Nigeria Arrests 792 in Landmark Crypto-Romance Scam Raid
Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40…
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