Cryptocurrency users suffered significant losses in 2023, with nearly $2 billion being lost to scams, rug pulls, and hacks. This amount is roughly half of what was lost in the previous year, indicating some improvement in security protocols. However, the industry still …
In the final edition of the State of Crypto newsletter for the year, the policy team discusses their focus on crypto regulations. With the upcoming year expected to be busy for the cryptocurrency industry, the team highlights the importance of staying informed …
Barry Silbert, the chairman of Grayscale Investments, has resigned from his position and will be replaced by Mark Shifke, the chief financial officer of Grayscale owner DCG. The announcement came as Grayscale’s application to convert its Bitcoin Trust into a U.S. spot …
MicroStrategy, the largest corporate holder of bitcoin (BTC), has made another significant purchase of the cryptocurrency, adding 14,620 BTC to its holdings. The purchase, which amounted to approximately $615.7 million, was announced by the company’s Executive Chairman, Michael Saylor, via a tweet. …
The Central Bank of Nigeria has made a significant decision that could have a profound impact on the use of cryptocurrencies in the country. In a reversal of its previous prohibition, the bank has now allowed local banks and financial institutions to …
This time of year brims with intergenerational dialogue and forward-looking optimism. As a mother-son duo immersed in cryptocurrency, we recently explored the opportunities and challenges that crypto will encounter in 2024. While our opinions diverged on topics like decentralized finance, or DeFi, …
Optimism surrounding the approval of a spot bitcoin exchange-traded fund (ETF) application has sparked a significant increase in BTC’s price, with a nearly 49% gain since October. The Securities and Exchange Commission (SEC) is expected to review and decide on multiple applications …
FTX Founder Sam Bankman-Fried will not face a second criminal trial, federal prosecutors said Friday in a letter filed in New York federal court. In the letter, prosecutors suggested a second trial would “delay” a “timely and just resolution of the case.” …
The Indian government has taken action against nine offshore cryptocurrency exchanges for non-compliance with the Prevention of Money Laundering Act (PMLA). The Financial Intelligence Unit (FIU), which operates under the Finance Ministry, issued compliance show cause notices to Binance, KuCoin, Huobi, Kraken, …
Debunking Bitcoin Myths – A Guide for Financial Advisors As we bid farewell to 2021, the crypto world is still recovering from the aftermath of the FTX debacle and Terra LUNA’s collapse. These events shook the industry, causing a loss of trust, …