South Korea’s crypto investor surge drives CEX profits by 106%
Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios. Go to Source
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SEC crypto ‘overreach’ cost small investors $15B: John Deaton
According to a popular pro-crypto attorney and Senate candidate, the SEC’s overreach into the crypto industry has cost retail investors over $15 billion in losses. Go to Source
BlackRock imposters target crypto ETF investors
BlackRock warns investors about a rise in crypto scams targeting its iShares Bitcoin and Ether ETFs, urging caution against social media impersonators. Go to Source
Fake Professors Scam Crypto Investors on Telegram and Whatsapp, DFI Warns
The Washington State Department of Financial Institutions (DFI) has reported multiple complaints about cryptocurrency scams on Whatsapp and Telegram involving fake “professors.” These scams lure investors through social media ads and false educational institutions, promising high returns and offering dubious loans. Cryptocurrency Scams: Fake Professors Target Investors The Washington State Department of Financial Institutions (DFI) … Read more
South Korea’s ruling party proposes to delay crypto tax to 2028
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule. Go to Source
Binance CEO Shares Key Tips for Investors Getting Into Crypto
Binance CEO Richard Teng has given some advice for investors interested in getting into cryptocurrency. He provided three key tips for starting a crypto journey. “Explore and constantly reassess your strategy” was one of the three pieces of advice the Binance executive gave. Binance’s CEO Shares Tips for New Crypto Investors Binance CEO Richard Teng … Read more
Crypto Industry Future: Insights From Marathon Digital’s CEO on Trump and Biden
Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However, he noted a recent shift in its stance, likely due to the … Read more
Ripple Clarifies XRP Is Not a Security After New Court Ruling
Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.” New York’s ‘Ruling That XRP Is Not a Security Stands Undisturbed’ Following the ruling by the U.S. District … Read more
Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao … Read more
Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said. ‘Younger Groups Hold More Crypto and More Alternative Investments’ Bank of America released a report titled “2024 Bank of … Read more
