$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn. Go to Source Powered by WPeMatico
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MicroStrategy buys $347M worth of Bitcoin amid market thaw
“DCA works,” wrote Binance CEO in response to the purchase. Go to Source Powered by WPeMatico
Paxos and MercadoLibre partner up to bring USDP to Mexico
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users. Go to Source Powered by WPeMatico
Voyager to pay $1.1 million in legal fees incurred in April
Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services. Go to Source Powered by WPeMatico
KuCoin crypto exchange to introduce mandatory KYC in July
KuCoin’s Know Your Customer checks will require new users to complete identity verification to access all services, while existing non-KYC users will not be able to deposit. Go to Source Powered by WPeMatico
Japanese and Singaporean regulators join forces on crypto pilot project
“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase. Go to Source Powered by WPeMatico
Web3 firms are spending up to $25M on HK crypto licenses: Report
VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing. Go to Source Powered by WPeMatico
Crypto investment products see largest weekly inflow since July 2022
CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment products with Bitcoin leading the rally. Go to Source Powered by WPeMatico
Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury
The loan will help Hut 8 maintain its dynamic Bitcoin treasury management strategy going into the halving, CEO Jaime Leverton said. Go to Source Powered by WPeMatico
Crypto adoption in Cyprus beefed up by ByBit license approval
Following Binance’s departure from the island, ByBit strengthens Cyprus’ crypto ecosystem with license approval for operations Go to Source Powered by WPeMatico