Crypto News And Market Updates

ZachXBT accuses Garden Finance of laundering Lazarus Group funds via Bitcoin bridge

IRS Targets DeFi: Blockchain Groups Challenge New Broker Reporting Rule

December 29, 2024 Paulo

Blockchain groups sue IRS, claiming new broker rules harm DeFi innovation, privacy, and U.S. blockchain leadership. Regulatory overreach debated.

A visual representation of Bitcoin alongside the US Capitol building, symbolizing the government's potential Bitcoin reserve policies.

US Government Unlikely to Buy Bitcoin in 2025, Says Galaxy Digital Research Head

December 28, 2024 Paulo

Galaxy Digital’s Alex Thorn predicts the US government won’t buy Bitcoin in 2025, but policy discussions around Bitcoin reserves may gain traction.

President Trump announces exclusive dinner for leading TRUMP memecoin investors.

Blockchain Association Sues IRS Over Crypto Broker Rules

December 28, 2024 Paulo

Blockchain Association sues IRS, claiming new crypto broker rules infringe on privacy, exceed authority, and risk stifling U.S. blockchain innovation.

Visualization of blockchain and crypto scams in 2024.

Pig Butchering Crypto Scams Cost Victims $3.6B in 2024

December 27, 2024 Paulo

Pig butchering scams cost crypto users $3.6B in 2024, exploiting Ethereum vulnerabilities and fake investments, as revealed in a Cyvers Web3 security report.

Blockchain

Frax Finance Opens Vote on BlackRock’s BUIDL as Backing Asset for Stablecoin

December 27, 2024 Paulo

Frax Finance launches a vote to use BlackRock’s BUIDL fund as a reserve asset for its proposed stablecoin. All current votes favor the proposal.

Blockchain

Animoca Brands Co-Founder Yat Siu’s X Account Hacked Amid Wave of Crypto Scams

December 26, 2024 Paulo

Animoca Brands co-founder Yat Siu’s X account was hacked to promote a bogus token. Investigator ZachXBT links it to a $500K crypto phishing scam wave.

Japanese Financial Services Agency headquarters with a focus on crypto regulation discussions

Japan’s FSA Pushes for Stronger Internal Audits in Crypto Exchanges

December 26, 2024 Paulo

Japan’s FSA urges enhanced internal audits for crypto exchanges in its 2024 guidelines, aiming for better financial oversight and cyber risk mitigation.