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news-imageFebruary 16, 2025

As Crypto Fraud Expands, Pig Butchering Scams Skyrocket 210%

With criminals using fresh tactics to maximize their illegal earnings, the terrain of crypto scams is changing at a concerning speed. Recent data from blockchain forensics firm Chainalysis reveals a significant shift in how scammers operate, showing a preference for targeting more victims with smaller amounts rather than focusing on big fish.
Publisher: Bitcoinist
Sentiment: Negative
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cover-imageCryptoSlate
February 19, 2025

Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis

Sanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of all illicit crypto transactions, according to the 2025 Crypto Crime Report by blockchain analytics firm Chainalysis. The report highlighted how increasing geopolitical tensions and financial restrictions drove nations like Iran and Russia to turn to digital assets to evade sanctions.

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Positive
cover-imageCointribune
February 19, 2025

Binance US Resumes Its Dollar Services After 18 Months Of Suspension

Binance US announces the resumption of deposits and withdrawals in United States dollars (USD), ending 18 months of suspension of its services. This reactivation comes as the regulatory framework for cryptocurrencies is becoming clearer in the United States.

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Neutral
cover-imagePYMNTS
February 19, 2025

Coinbase Calls on Congress to Bring Clarity to Crypto

Cryptocurrency exchange Coinbase is calling on lawmakers to establish regulations for the digital asset industry. “Blockchain technology and digital assets are reshaping the global economy, bringing opportunities for innovation, financial inclusion, and economic growth,” the company wrote on its blog Wednesday (Feb. 19).

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Negative
cover-imageCrypto news
February 19, 2025

Nigeria slams Binance with fresh $81.5b suit

Nigeria's Federal government has launched another lawsuit against Binance amid a tussle over alleged illegal operations and unpaid taxes.

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Negative
cover-imageCoingape
February 19, 2025

Just In: Nigeria Sues Binance for $79.5 Billion in Losses, $2 Billion Tax

Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking $79.5 billion for alleged economic losses and $2 billion in unpaid taxes. The case, filed at the Federal High Court in Abuja, accuses Binance of tax evasion, foreign exchange violations, and contributing to the instability of the local currency, the naira.

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Positive
cover-imageCoindesk
February 19, 2025

Onboarding the Buy-Side to Blockchain Rails

The right systems and processes must be in place to properly tokenize the trillions of dollars worth of potential real-world assets, says Blue Water Financial Technologies' Peter Gaffney.

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Positive
cover-imageCrypto Economy
February 19, 2025

Binance Reintroduces USD Deposits & Withdrawals for US Users

TL;DR Binance.US resumed USD deposits and withdrawals on February 19, 2025, with gradual availability for eligible customers. The platform allows trading in 10 USD pairs, buying crypto via bank transfer, and instant conversions. This move follows nearly 18 months of restrictions, after lawsuits and sanctions that led the exchange to pay $4.3 billion in fines.

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Positive
cover-imageCrypto news
February 19, 2025

eToro secures MiCA license in Cyprus

EToro has received regulatory approval under the European Union's Markets in Crypto-Assets framework. This approval allows the company to provide crypto services across all 30 European Economic Area countries.

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Neutral
cover-imageBitcoin
February 19, 2025

Digital Assets Show Mixed Performance During Wednesday's Trading Session

The cryptocurrency market sector experienced a modest resurgence Wednesday, edging up 0.61% against the U.S. dollar to hover near $3.18 trillion. While bitcoin and ethereum inched upward at a leisurely pace, tokens such as fantom (FTM) and aptos (APT) sprinted ahead with double-digit appreciation.

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Negative
cover-imageCryptoSlate
February 19, 2025

Nigeria demands $81 billion from Binance in unprecedented tax and penalty blitz

Nigeria's Federal Inland Revenue Service (FIRS) has taken legal action against Binance Holdings Limited, demanding over $81 billion in unpaid taxes and penalties. On Nov. 19, local media outlet Nairametrics reported that this claim includes $79.5 billion in economic damages and an additional N231 million ($153,223) tied to Binance's operations.

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Positive
cover-imageAltcoin Buzz
February 19, 2025

USD Services Return to Binance US: Key Details

After months of limited functionality, users will soon have full access to deposit, withdraw, and trade with USD. The rollout is happening over the next few days, so get ready to dive back in.

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