TL;DR “Pig butchering” scams led to losses exceeding $5.5 billion in 2024, with 200,000 identified cases, impacting both retail investors and major crypto platforms. Among the hardest-hit entities, Cyvers detected that three of the five largest centralized exchanges (CEX), a crypto-friendly bank, and an institutional trading platform had been targeted, exacerbating the sector's security crisis.
The election of Donald Trump has increased anticipation for significant policy changes in the US digital asset sector. A recent tweet indicates that the SEC is taking a significant interest in crypto staking and may be on the verge of issuing new guidelines.
The SEC is taking a closer look at crypto staking, asking industry players for detailed explanations on how it works and what benefits it offers. According to Fox Business' Eleanor Terrett, the agency is “very, very interested” and could soon release official guidance on staking.
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The current altcoin downtrend “points towards possible capitulation as overleveraged positions are flushed out,” analysts told Cointelegraph.
Treehouse CEO Brandon Goh says that fixed income could be DeFi's missing link to more widespread adoption, particularly at an institutional level, in the latest episode of Hashing It Out.
Binance chief executive officer Richard Teng, who took the steering wheel of the platform from Changpeng Zhao (CZ), has taken to his account on the X platform (formerly widely known as Twitter) to share some important information with the Binance community.
Exodus has expanded its cryptocurrency purchasing options by integrating Venmo as a payment method through a partnership with MoonPay.
Crypto FUDs are the Fear-Uncertain and Doubtful claims circulated to fight crypto assets. They are a marketing strategy used to make something seem worse than it is.
The integration could significantly boost crypto adoption by leveraging Venmo's vast user base, enhancing accessibility and ease of entry. The post Exodus integrates Venmo for crypto purchases, expanding access to over 60 million users appeared first on Crypto Briefing.
The SEC's increased scrutiny on crypto staking could reshape regulatory frameworks, impacting investor strategies and market dynamics significantly. The post SEC is “very, very interested” in crypto staking, signals potential guidance appeared first on Crypto Briefing.
Max Stuedlin, head of strategic digital asset solutions at Sygnum Bank challenged the mainstream enthusiasm around crypto exchange-traded funds. Stuedlin opined that ETFs carried along numerous negatives presented by traditional finance tools.
Coinbase CEO Brian Armstrong has warned against insider trading linked to memecoins, emphasizing that such activities are illegal and could lead to prison time. In a post on X on Feb. 19, Armstrong highlighted concerns over insider trading in the memecoin market.
Pantera Capital managing partner Paul Veradittakit said AI agents have the potential to cause crypto trading volumes to increase exponentially.
Vitalik Buterin said online critics painted Ethereum as bad because it hasn't welcomed casinos to the blockchain.
Transak has secured Money Transmitter Licenses in Illinois and Missouri, expanding its reach into the U.S. market. The newly acquired licenses in the two U.S.
Singapore's financial sector has been rocked by one of the most elaborate insider fraud cases in the cryptocurrency space. Strait Times, a Singaporean news outlet reports, Ho Kai Xin, a 32-year-old former outsourced payroll manager at Bybit Fintech, has been sentenced to nearly ten years in prison for stealing 5.7 million SGD ($4.
Despite international efforts to clamp down on Russia's no-KYC (Know Your Customer) crypto exchanges, new platforms continue to emerge, replacing those shut down. A report by blockchain analytics firm Chainalysis highlights that while overall inflows to these platforms have declined, new Russian-language exchanges are surfacing to facilitate crypto transactions outside of traditional financial oversight.
Crypto exchange KuCoin has announced its new arm for users in the European Union has applied for the Markets in Crypto Assets (MiCA) license. KuCoin revealed in an announcement on Feb. 20 that KuCoin EU Exchange GmbH was eyeing the MiCA license in Austria.
The US SEC has withdrawn its appeal against a federal court decision that overturned its contentious broker-dealer rule, signaling a major shift in the agency's approach to crypto regulation. The post SEC Withdraws Appeal After Court Rejects Expanded Crypto Oversight Rule appeared first on Cryptonews.
The altcoin industry has continued to bleed to the Bitcoin in the past few years as shown by its dominance, but the altseason is on horizon.
A recent research by AppsFlyer measuring installation and user trends for 49 of the most popular crypto apps found that the UAE saw a 41% year-on-year increase in crypto trading and management application installations. In 2024, the UAE saw 15 million crypto app downloads, with the most happening in the second half of the year.
Wintermute, a leading algorithmic crypto trading firm based in London, is shifting its focus to the U.S. market, marking a significant expansion from its current concentration on Asia.
Coinbase has identified six priority areas to correct the flaws in US crypto regulations. Faryar Shirzad, the company's chief policy officer, has urged Congress to move quickly and offer clear and consistent regulations for the industry.
Gems Launchpad introduces virtual Miners and Nodes for secure, risk-managed Web3 investing.
Nic Carter says that the memecoin era is basically over and insider traders will soon face legal consequences.
Institutional use of these cryptocurrencies will increase once rules are in place, the report said.
Trump declares an end to Biden's crypto policies, linking Bitcoin's surge to his efforts to make the U.S. the global hub for digital assets.
Real Vision's chief digital assets analyst Jamie Coutts says that one key metric is signaling the crypto market bull cycle is far from over. Coutts tells his 34,500 followers on the social media platform X that based on the historical relationship between cryptocurrencies and the global money supply (M2) metric more rallies are coming.
Backed by Tether, Mansa raised $3 million in a pre-seed round and $7 million in liquidity funding from institutional investors to expand its cross-border stablecoin payment services.
ACCC Chair Gina Cass-Gottlieb warned that the U.S. relaxing crypto regulations is a “concern,” increasing risks for consumers.
Binance CEO met with Hong Kong police to enhance cybersecurity collaboration, while the exchange is expanding its fraud prevention efforts.
KuCoin EU selected Vienna as its European headquarters and plans to file for a MiCAR application in Austria, reinforcing its commitment to compliance and long-term sustainability.
Supra, a Layer-1 (L1) blockchain, is launching its DeFi Revolution campaign to empower builders and users in decentralized finance (DeFi), according to the most recent reports shared with Finbold on Thursday, February 20.
AI agents hold the power to redefine blockchain's foundations, introducing efficiency, enhanced user engagement, and strengthened security
San Francisco-based crypto exchange Kraken is making headlines again, but this time for two major reasons. While the company is constantly in talks with Deribit over its acquisition. At the same time, it is facing growing pressure from U.S. regulators, including the FBI and SEC, to share client data.
Kraken experienced a significant increase in regulatory and enforcement data requests in 2024, marking a 39% surge compared to the previous year. The post Kraken Sees 39% Surge in Regulatory Requests in 2024, Led by FBI and SEC appeared first on Cryptonews.
While altcoins have generally been beaten down quite badly over recent times, a comeback rally must not be discounted. If/when Bitcoin finally turns that corner and heads into the next phase of its bull market, a sizable altcoin rally may not be far behind it.
Clients of BitGo and Copper can now trade spot and derivatives on Deribit while assets are secured off-exchange.
The Apex Fusion Foundation, a decentralized technologies platform, has launched its blockchain ecosystem and native token, AP3X, as per the reports shared with Finbold on Thursday, February 20.
The meme coin industry has been rather quiet in the last couple of months. However, analysts believe this is just a brief cool-off before the next meme coin supercycle begins.
The U.S. Securities and Exchange Commission (SEC) has abandoned its appeal to overturn a court ruling that blocked its attempt to redefine broker-dealers in the cryptocurrency sector. In a filing on February 19, the SEC voluntarily dismissed its appeal to the Fifth Circuit Court of Appeals, concluding the high-profile case.
The Blockchain Association, backed by 75 crypto industry leaders, is urging Congress to repeal a newly implemented IRS rule that could significantly impact decentralized finance (DeFi). The rule, introduced between Christmas and New Years Eve, imposes strict reporting requirements on DeFi brokers, similar to those applied to traditional financial institutions.
The Blockchain Association, representing 76 crypto firms, urges Congress to repeal the IRS DeFi broker rule, arguing it threatens US crypto innovation and unfairly burdens blockchain firms.
Nigeria Sues Binance for $81.5 Billion in Economic Losses and Back Taxes
A recent survey from the crypto exchange Kraken, which explored the opinions of 800 U.S.-based crypto holders, revealed that 85% of the respondents had invested in memecoins. 76% of the respondents also believed that the risk of memecoin investments was worth the potential rewards they could attain.
Crypto exchange Kraken has reported a 38.6% rise in global law enforcement and regulatory data requests in 2024 compared to 2023. U.S.
Pig butchering scams are the biggest threat for retail crypto investors and crypto platforms in 2025, according to Cyvers.