- Cryptonews

China’s Central Bank Highlights Hong Kong’s Crypto Licensing in 2024 Report

The People's Bank of China (PBOC) has released its "China Financial Stability Report (2024)," shedding light on the country's financial stability measures and economic progress over the past year. A significant portion of the report is dedicated to global crypto regulations, with a notable...

, by Hassan Shittu

Montenegro Approves Do Kwon’s Extradition to the US for Prosecution

Montenegro confirmed on December 27 that it will extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States (US). The decision concludes months of legal disputes between the U.S. and South Korea, both of which sought Kwon’s extradition in connection with the $60 billion...

, by Hassan Shittu

Fake Zoom Link Targets Crypto Users, Leads to Multi-Million Dollar Theft: SlowMist Warns

A detailed report by blockchain security firm SlowMist reveals that a sophisticated phishing attack disguised as a fake Zoom meeting link has stolen crypto assets worth millions. The scam, first identified on November 14, 2024, targets users by distributing malicious software through links...

, by Hassan Shittu

Pig Butchering Crypto Scams Cost Victims $3.6B in 2024: Report

According to a report by Web3 security firm Cyvers, publicized through Nairametrics, pig butchering scams emerged as the most significant threat to crypto users in 2024, accounting for $3.6 billion in losses. This type of long-term fraud, which involves scammers grooming victims over time to...

, by Hassan Shittu

Crypto Scams Drive French Financial Fraud Losses to €500M Annually: AMF

France is facing a surge in financial scams, with the Autorité des Marchés Financiers (AMF) reporting that crypto-related fraud is a key driver behind the estimated €500 million in annual losses suffered by victims of financial fraud. French authorities are intensifying their efforts to combat...

, by Hassan Shittu

Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister

Russia is ramping up its use of digital financial assets (DFAs), including Bitcoin, in international trade. Finance Minister Anton Siluanov confirmed the development on Dec. 25 in an interview with Russia-24, a state-owned news channel. Overcoming Sanctions: How Russia Uses Bitcoin in Trade...

, by Hassan Shittu

Turkey Tightens Crypto AML Rules, Mandating User Info for Transactions by 2025

Turkey is set to implement stringent crypto regulations by February 2025 as part of their effort to tighten anti-money laundering (AML) frameworks to align with global standards. This legislative move, announced in the final week of 2024, is inspired by similar regulatory initiatives in major...

, by Hassan Shittu

Russia’s Central Bank Develops New Surveillance Platform to Target Illegal Crypto OTC Services: Report

The Central Bank of Russia is developing a centralized surveillance platform to identify and block illegal financial activities facilitated by so-called "mules"—individuals who use their bank accounts for dubious transactions, including over-the-counter (OTC) crypto trading. According to a...

, by Hassan Shittu

Scammers Steal $500K via X Account Breaches and Meme Coin Scams: ZachXBT

Blockchain investigator ZachXBT revealed on December 24 that over 15 X accounts have been hacked in a coordinated scam targeting Solana meme coin investors. The attacks have allowed scammers to steal an estimated $500,000. ZachXBT Uncovers Crypto Phishing Campaign: How Scammers Steal Over $500K...

, by Hassan Shittu

OKX Ventures Invests in Decentralized Stablecoin Issuer USUAL

OKX Ventures, the investment arm of global crypto exchange OKX, has officially announced its strategic investment in USUAL. USUAL is a decentralized stablecoin issuer that claims to redefine the financial landscape through real-world asset (RWA) integration and decentralized governance....

, by Hassan Shittu

Hyperliquid Faces Record Outflow Amid Allegations of North Korean Hacker Activity

Hyperliquid has faced its largest single-day outflow after allegations surfaced of North Korean hackers exploiting the platform.

, by Ruholamin Haqshanas

Hyperliquid Labs Denies North Korea Exploit Reports, Confirms All User Funds Secure

Hyperliquid, a prominent on-chain perpetual futures exchange, is under scrutiny following claims of wallet activity linked to North Korean hackers. Following the allegation, the platform token HYPE dropped over 25%, from $34 to $25. The platform assured users that their funds remained secure...

, by Hassan Shittu

Nokia Files Patent for Digital Asset Encryption Device and Program

Nokia, the Finnish telecommunications giant, has taken a significant step into digital asset security. The company has filed a patent for a "device, method, and computer program" designed to encrypt digital assets. China’s National Intellectual Property Administration (CNIPA), the country's...

, by Hassan Shittu

Bullish Fires CoinDesk Editors Amid Independence Controversy Over Justin Sun Article

Bullish, the parent company of leading cryptocurrency publication CoinDesk, has abruptly dismissed three senior editors, including Editor-in-Chief Kevin Reynolds, amid growing controversy over editorial independence. Fortune reported on Friday that the layoffs also affected Deputy...

, by Hassan Shittu

Elon Musk Predicts President Biden Will Pardon SBF Despite 5% Odds on Polymarket

In a surprising twist of debate, Elon Musk has commented on the ongoing speculation surrounding the fate of Sam Bankman-Fried (SBF), the disgraced founder of FTX, on getting a pardon. In response to an X post about Bankman-Fried's past as the second-largest donor to the Democratic Party, Musk...

, by Hassan Shittu

Uniswap’s Unichain to Launch its DeFi-Focused Layer 2 Mainnet in Early 2025

Uniswap is gearing up to launch Unichain, its DeFi-focused Layer 2 solution built on the OP Stack, with the public mainnet expected in 2025.

, by Ruholamin Haqshanas

DeFi News (Page 17)

Cryptonews in numbers