In 2024, the European cryptocurrency market witnessed significant evolution, primarily driven by euro-backed stablecoins. This transformation was notably supported by the introduction of the Markets in Crypto-Assets Regulation (MiCA), which paved the way for improved legal frameworks and operational clarity for cryptocurrency entities. As a result, euro-backed stablecoins became pivotal in driving market liquidity and
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The case of Kim Nam-guk, a former member of the South Korean National Assembly affiliated with the Democratic Party, has emerged as a focal point in the ongoing discussions surrounding cryptocurrency regulations in South Korea. Allegations of concealed cryptocurrency holdings—specifically significant profits—during his asset declarations from 2021 and 2022 are now placing Kim under intense
In an environment where the complexities of global security are shaped by rapidly evolving technology, the conviction of Mohammed Azharuddin Chhipa for providing material support to the Islamic State (ISIS) sheds light on the alarming nexus between terrorism and cryptocurrencies. Chhipa, who was found guilty on December 13, 2024, for actions spanning nearly three years,
As we approach the conclusion of 2024, the latest report by Cyvers, a prominent cybersecurity firm focused on the web3 landscape, paints a stark picture of the ongoing threats faced by the cryptocurrency sector. According to their findings, the industry experienced a staggering loss of over $2.361 billion due to cyber incidents, reflecting a significant
The evolving landscape of cryptocurrency is bringing forth a plethora of opportunities and challenges, particularly for institutional investors. A recent survey conducted by P2P.org sheds light on the sentiments of over fifteen institutions engaged with crypto, including intermediaries, investment funds, and venture capital entities. This exploration not only outlines the hurdles these institutions face in
Ripple’s native cryptocurrency, XRP, has recently experienced a tumultuous phase, illustrating the incredible volatility inherent in the crypto market. Following a substantial surge that pushed its value from around $2.4 to over $2.7, XRP was swiftly engulfed by the broader market downturn. This sequence of events exemplifies how susceptible cryptocurrencies are to market dynamics, often
In an era defined by innovation and adaptation, Shanghai-based Cango Inc. is making headlines with its strategic pivot from automotive services to Bitcoin mining. This shift is highlighted by a staggering $256 million acquisition of 32 exahashes per second (EH/s) in mining capacity from Bitmain Technologies. Such moves not only demonstrate a response to changing
The year 2024 has proven to be a transformative period within the cryptocurrency landscape, showcasing an impressive surge in asset valuations. However, this uptick in coin prices has not mirrored a corresponding increase in on-chain user engagement for most significant blockchain networks. Insights from a report published by Flipside, a platform focused on blockchain growth,
On December 16, CyberKongz, a prominent player in the gaming-based NFT sector, found itself amidst a storm of regulatory scrutiny after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notification, while not an outright accusation of wrongdoing, signals the SEC’s concern over the project’s ERC-20 token integration with blockchain games,
The world of cryptocurrency trading often resembles a wild amusement park ride — exhilarating, unpredictable, and at times, downright terrifying. Recent events in the market have highlighted just how volatile this environment can be, especially for investors who find it challenging to maintain a calm demeanor amidst sharp price fluctuations. Bitcoin’s journey over the past
