Latest Crypto Industry News and Insights
Convicted Undead Apes NFT Scammer Dies by Suicide Before Sentencing
Tragic End for Convict in $400,000 Undead Apes NFT Fraud In a shocking turn of events, 21-year-old Burman Jerry Nowlin, convicted in the $400,000 Undead Apes NFT fraud, took his own life just weeks before his scheduled sentencing on December 21, 2024. Alongside his co-conspirator Devin Alan Rhoden, Nowlin was found guilty of wire fraud […]
Read MoreRipple CEO Hails 119th US Congress as Most Pro-Crypto: Impact on Regulation
Ripple CEO Celebrates Pro-Crypto Stance of New US Congress: What It Means for Cryptocurrency Regulation With the 119th US Congress, marked by a Republican majority, now in session, Ripple CEO Brad Garlinghouse is celebrating what he calls the most pro-crypto Congress in history. Donald Trump’s recent landslide victory is viewed as a positive shift for […]
Read MoreCrypto Lawyer John Deaton Warns: Sophisticated Scams Plague Crypto Space
Crypto Lawyer John Deaton’s Stark Warning: Beware of Sophisticated Crypto Scams John Deaton, a well-known crypto lawyer and ardent defender of XRP, has issued a chilling alert to the cryptocurrency community about the dangers of sophisticated scams. With firsthand experience of a hacker’s attempt to infiltrate his life, Deaton’s message is clear: the crypto space […]
Read MoreRuss Millions’ $MILLION Meme Coin Plummets 99% in 12 Hours: A Crypto Cautionary Tale
UK Rapper Russ Millions’ Meme Coin $MILLION Crashes 99% in ‘Social Experiment’ Fiasco UK rapper Russ Millions aimed to turn the crypto world on its head with his meme coin $MILLION, launched on January 1, 2025, but the coin’s value took a nosedive, plummeting 99% within just 12 hours. What was supposed to be a […]
Read MoreCoinbase Exposes FDIC’s Role in Operation Chokepoint 2.0, Demands Congressional Probe
Coinbase Unveils FDIC’s Role in Operation Chokepoint 2.0: A Battle for Crypto Freedom In a bold move, Coinbase Global Inc has successfully obtained unredacted documents from the Federal Deposit Insurance Corporation (FDIC), exposing the agency’s involvement in Operation Chokepoint 2.0, a coordinated effort to restrict cryptocurrency activities. Coinbase obtains unredacted FDIC documents Documents reveal FDIC’s […]
Read MoreCrypto Security Crisis: $2B Lost to Phishing and Private Key Theft in 2024
Phishing and Private Key Theft Surge in 2024: A Closer Look at Crypto’s Security Crisis In 2024, the cryptocurrency ecosystem faced unprecedented losses due to phishing attacks and private key theft, underscoring the urgent need for robust security measures. Blockchain security firm CertiK’s Hack3d report reveals a stark reality: despite the sector’s resilience and growth, […]
Read MoreCrypto.com Expands to TradFi: Stocks, ETFs, and Bitcoin Reserve Talks
Crypto.com’s Bold Leap into Traditional Finance: Stocks, ETFs, and a Potential Bitcoin Reserve Crypto.com is breaking new ground by merging the worlds of crypto and traditional finance. Here’s what you need to know about their latest move into stock and ETF trading in the U.S., and what it could mean for the future of decentralization […]
Read MoreTether and Bitfinex’s Legal Maestro Hoegner Retires, Hilliard Steps In
Tether and Bitfinex Navigate Leadership Transition with Hoegner’s Departure Stuart Hoegner, the longtime legal maestro for Tether and Bitfinex, has retired, marking a pivotal moment for these crypto giants amidst ongoing regulatory scrutiny. Michael Hilliard steps in as the new general counsel, bringing continuity and experience to the table. Hoegner retires from Tether and Bitfinex […]
Read MoreIRS Rule Sparks DeFi Lawsuit; SEC Chair Change Could Drop Non-Fraud Cases
Will Non-Fraud Cases Be Dropped Under New SEC Chair? Insights from Amanda Tuminelli Amanda Tuminelli, Chief Legal Officer at the Defi Education Fund, recently shared her insights on the Thinking Crypto podcast, discussing the IRS’s new tax reporting rule and its potential impact on the DeFi industry. The rule, finalized on December 27th, has sparked […]
Read MoreUSDC Mints $149M on Ethereum in Hours, Signaling Strong Demand
USDC Treasury Mints Over $149 Million in New USDC on Ethereum in Just Hours – $149 million USDC minted on Ethereum – Minting completed in just hours – USDC, a stablecoin, is managed by Circle In a swift operation, the USDC treasury minted over $149 million worth of new USD Coin (USDC) on the Ethereum […]
Read MoreCango Inc. Boosts Bitcoin Mining, Produces 569.9 BTC in December 2024
Cango Inc. Ramps Up Bitcoin Mining with 569.9 BTC Mined in December 2024 Cango Inc., a prominent name in China’s automotive sector, has made a significant leap in its Bitcoin mining operations, producing 569.9 Bitcoins in December 2024. This move demonstrates the company’s strategic shift into the crypto world, aiming to diversify revenue streams and […]
Read MoreMara Holdings Mines 890 BTC in December 2024, Boosts Hash Rate to 53.2 EH/s
Mara Holdings Shatters Records with 890 BTC Mined in December 2024 – Mara Holdings mined 890 BTC in December 2024. – Energized hash rate rose 15% to 53.2 EH/s. – MARAPool’s hash rate surged 168% in 2024. – Holds 44,893 BTC, worth $4.2 billion. – Mined 9,457 BTC and bought 22,065 BTC in 2024. – […]
Read MoreBinance Halts TROY BSC Deposits Due to Security Flaw, Price Plummets 40%
Binance Suspends TROY (BSC) Deposits Over Security Concerns: What You Need to Know Binance halts TROY (BSC) deposits due to security issues. TROY’s value drops 40%. Ethereum transactions remain unaffected. TROY denies acquisition rumors, plans to acquire AI project. Binance collaborates with TROY to resolve the issue. Binance, a powerhouse in the cryptocurrency exchange arena, […]
Read MoreCoinbase Boosts Europe Presence: Acquires BUX Cyprus for Institutional Push
Coinbase Expands in Europe with BUX Cyprus Unit Acquisition Coinbase has taken a significant step to expand its footprint in Europe by acquiring the Cyprus unit of BUX, a move aimed at tapping into the professional and institutional market. This strategic acquisition not only signifies Coinbase’s commitment to growth but also its adaptability to the […]
Read MoreFTX Begins $16 Billion Payout: Key Details and Market Impact Revealed
FTX Payout Plan Officially Takes Effect Today, A Key Milestone for Creditors Today marks a pivotal moment for those affected by the FTX crypto exchange’s collapse, as the long-awaited repayment plan officially begins. This plan promises to redistribute approximately $16 billion back to creditors, offering a glimmer of hope while highlighting the challenges in managing […]
Read MoreSouth Korea Arrests Two for Crypto Manipulation: Can New Laws Curb Market Abuse?
Can South Korea’s New Crypto Laws Stop Market Manipulators in Their Tracks? In a landmark move, authorities have arrested two South Korean men, Lee and Kang, for allegedly manipulating the price of the Fusionist token, ACE, on the Bithumb exchange. This case marks the first to be fast-tracked under the country’s new Virtual Asset User […]
Read MoreGenesis Block: The Foundation of Bitcoin and Ethereum Unveiled
Unveiling the Genesis Block: The Bedrock of Blockchain Networks On January 3, 2009, Satoshi Nakamoto sparked a financial revolution by mining the first block in the Bitcoin blockchain. This block, known as the genesis block, is the cornerstone of every blockchain network, setting the stage for decentralized finance and challenging traditional systems. Genesis block fundamentals […]
Read MoreDo Kwon Faces Up to 130 Years for Terraform Fraud: Extradited to U.S.
Do Kwon Indicted on Multiple Charges, Could Face Up to 130 Years in Prison Do Hyeong Kwon, the co-founder of Terraform Labs, has been extradited to the United States from Montenegro, where he now faces a raft of federal fraud charges that could result in up to 130 years behind bars. The charges stem from […]
Read MoreNew Crypto Scam Exploits YouTube Comments and Multi-Sig Wallets to Steal TRX
New Crypto Wallet Scam Targets YouTube Comments: Multi-Signature Trick Steals Funds Cybersecurity firm Kaspersky has uncovered a sophisticated new scam that exploits YouTube comments to deceive users into depositing funds into multi-signature wallets. The scam promises access to free USDT but instead steals any TRX deposited for transaction fees. This latest scheme underscores the ongoing […]
Read MoreChina’s 2025 Crypto Crackdown: Global Markets and Independent Regulations
China’s Latest Crypto Crackdown: Navigating the Global Impact As 2025 begins, China has escalated its restrictions on the cryptocurrency sector, mandating banks to flag and restrict cross-border crypto transactions. This latest move, categorizing these transactions as high-risk alongside gambling and underground banking, continues China’s long-standing effort to suppress its local crypto market, sending ripples across […]
Read MoreVirtuals Protocol Averts Crisis with Jinu’s Help, Bug Bounty Reward Pending
Virtuals Protocol Dodges Disaster Thanks to Security Sleuth Jinu – **Virtuals Protocol fixes critical smart contract vulnerability** – **Jinu’s public disclosure on X forces swift action** – **Bug bounty program relaunched, but reward still pending** On December 3, 2024, Virtuals Protocol, a blockchain firm focused on AI agents, narrowly escaped a major crisis thanks to […]
Read MoreRobert Kiyosaki Credits Bitcoin for Wealth: Contrasts Buffett and Munger
Robert Kiyosaki’s Bitcoin Revelation: From Skepticism to Wealth Robert Kiyosaki, renowned author of “Rich Dad Poor Dad,” recently shared on social media that Bitcoin has been a key driver of his financial success, underlining the significance of understanding assets in building wealth. Kiyosaki credits Bitcoin for his wealth. Contrasts with traditional critics like Munger and […]
Read MoreIndia Teams Up with Google, Facebook to Combat Crypto Pig Butchering Scams
India’s Bold Move Against Crypto Scams: Partnering with Google and Facebook India is stepping up its efforts to combat the rising wave of pig butchering scams that exploit cryptocurrencies, targeting vulnerable populations such as unemployed youths, housewives, students, and those in financial need. The government is collaborating with tech giants Google and Facebook to tackle […]
Read MoreStablecoin Issuers Dominate On-Chain Revenue with Over 40% Share in December 2024
Stablecoin Issuers Command Over 40% of On-Chain Revenue in December 2024 Stablecoin issuers have taken the lead, dominating on-chain revenue with over 40% share in December 2024. Tether, the leader among stablecoins, brought in more than $500 million, showcasing the critical yet controversial role these assets play in the crypto ecosystem. Ethereum continues to lead […]
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