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Crypto VC Deals in 2023 Plunged 70% on Funding Constraints
25.1.2024
Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value. That’s a drop from nearly $32b in 2022, which had nearly 90% more deals. Galaxy Digital published a report Wednesday showing venture deal activity in the crypto sector last year. It revealed...
BlackBerry Warns Mexican Bank and Crypto Firms on Potential Security Threat
25.1.2024
BlackBerry has flagged a potential threat to Mexican banks and cryptocurrency platforms based on hackers’ attempt to deliver a modern version of Allakore RAT. In a Jan 24 report, BlackBerry’s Research and Intelligence Team raised concerns about a threat actor targeting financial institutions...
33% of Crypto Job Applicants Come From Banking: Bitget Report
25.1.2024
One-third of job applicants in the crypto industry previously worked in the banking and financial sectors. In a new report, crypto exchange Bitget analyzed recruitment trends in the blockchain industry, highlighting the migration of talent from the financial sector to the world of cryptocurrencies....
Crypto-Linked Violations Rack Up $2.8B in SEC Fines in 2023
25.1.2024
A Cornerstone Research report published Wednesday showed that crypto fines against digital asset market participants hit $2.89b by the end of 2023. That’s an 11% jump from the $2.6b in fines imposed through 2022. The findings show that as the crypto market grows, so does the SEC’s role...
FINRA Claims Widespread Violations in Majority of Crypto Asset Communications
25.1.2024
Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23, the Financial Industry Regulatory Authority...
Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Bitcoin Miner Hut 8 Hits Out at Short-Selling Report
24.1.2024
The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18
US IRS Reminds Taxpayers to Report all Crypto-Related Income
24.1.2024
Source:Adobe The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040. The question asks taxpayers to report cryptos received in 2023 as a reward, award...
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
24.1.2024
A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’...
Gate.io’s Proof of Reserves Report Reveals $4.3B in Assets with 115% Reserve Ratio for 171 Assets
24.1.2024
Jan. 24th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest...
Report: Bitcoin Mining Sustainable Energy Usage Reaches 54.5%
24.1.2024
Daniel Batten, co-founder of CH4 Capital, reported that bitcoin mining has reached all-time high levels of sustainable energy usage and emissions mitigation. According to Batten, 54.5% of the energy used for this activity is sustainable, and the industry is mitigating 7.3% of all its emissions...
70% of Crypto Asset-Related Communications Violate Rules: FINRA
24.1.2024
The U.S. Financial Industry Regulatory Authority (FINRA) has reported that approximately 70% of crypto asset-related communications reviewed in a recent targeted exam have failed to comply with its rules. According to a recent report by the FINRA, the examination launched in November 2022 involved...
Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows
24.1.2024
The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin...
South Korean Authorities Slammed for Taking Crypto Regulation ‘Baby Steps’
24.1.2024
South Korea’s financial regulators are taking “baby steps” while US counterparts forge ahead with rapid crypto regulation progress, a new report has claimed. Per the South Korean media outlet News Tomato, domestic financial authorities are yet to “properly organize” their crypto arms. The outlet...
Report: Ethereum and Solana Showcase Unique Market Dynamics in Recent Altcoin Trends
23.1.2024
In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this phenomenon. Altcoin Dynamics...
US Senator Elizabeth Warren Comments Digital Assets Are Used to Evade Economic Sanctions
23.1.2024
U.S. Senator Elizabeth Warren criticized the illegal use of cryptocurrency assets by bad actors. Commenting on a report issued by the U.S. Government Accountability Office (GAO), Warren declared that “rogue nations are using crypto to dodge sanctions and undermine our national...
Study: Financial Losses on BNB Chain Due to Hacks and Scams Fell by 85% in 2023
23.1.2024
In 2023, financial losses on the BNB Smart Chain due to exploits or breaches fell by 85% to $161.1 million, according to the findings of a new Avenger DAO study report. The study data also shows that Q2 of 2023 was the costliest quarter, with approximately $69.5 million lost across 127 incidents....
Wave of Spot-Based Bitcoin ETFs Could Drive Bitcoin to $60K This Year: CoinShares
23.1.2024
Despite facing hurdles, bitcoin’s price could rebound and potentially soar to $60,000 this year, per CoinShares’ analysis. In a report published Monday, CoinShares forecasted 2024 as a pivotal year for digital assets, anticipating a surge in bitcoin’s value following the recent launch...
Coinbase Slams US Treasury’s Proposed Requirement for Crypto Platforms to Report All Mixing Activities
23.1.2024
Coinbase has criticized the US Treasury’s proposed rulemaking on cryptocurrency mixing, stating that it fails to effectively address regulatory gaps while placing unnecessary burdens on crypto platforms. In a comment submitted to the Treasury Department’s Financial Crimes Enforcement...
Report: Mr Beast Nearing $100 Million TV Deal With Amazon
22.1.2024
James Donaldson, aka MrBeast aka that YouTuber who does weird charity videos aka that guy who sold me a terrible burger, is reportedly close to signing an estimated $100 million deal with Amazon to create a competition series on the company’s Prime Video streaming service. Read more