Web3 - Crypto News And Market Updates

Banking and crypto illustration showing a secured loan concept, representing Sberbank-related discussions around crypto-backed lending.

Turkey Implements Stricter Crypto AML Regulations Starting February 2025

December 25, 2024 Gonzalo

Turkey’s crypto AML rules, effective Feb. 2025, require user identification for $425+ transactions and allow halting of risky transfers lacking info.

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

December 25, 2024 Gonzalo

Russia is using Bitcoin and digital assets for foreign trade, bypassing sanctions. Finance Minister Siluanov confirmed these developments on Dec. 25.

Illustration visualizing DeFi growth alongside AI-driven analytics and blockchain data.

DeFi Hacks Drop 40% in 2024, CeFi Breaches Surge to $694M

December 24, 2024 Gonzalo

DeFi losses fall 40% in 2024 to $474M, while CeFi breaches surge to $694M. Improved DeFi protocols contrast with CeFi’s growing vulnerabilities.

Portrait-style illustration symbolizing Michael Saylor’s philosophy and the 21 Rules of Bitcoin for long-term digital asset strategy.

MicroStrategy Acquires 5,262 BTC for $561M, Total Holdings Reach 444,262 BTC

December 23, 2024 Gonzalo

MicroStrategy buys 5,262 BTC for $561M, raising its holdings to 444,262 BTC. Joining Nasdaq 100 highlights its growing influence in Bitcoin advocacy.

Digital custody illustration with a secure lock, representing SEC-focused discussions around crypto custody and asset protection.

Jump Crypto Subsidiary Tai Mo Shan Settles with SEC for $123 Million

December 22, 2024 Gonzalo

Jump Crypto’s Tai Mo Shan settles with SEC for $123M over misleading TerraUSD stability claims, spotlighting stablecoin risks and regulatory impact.

Illustration showing Amundi tokenizing a €5 billion fund on Ethereum, highlighting institutional blockchain adoption.

California Residents Indicted in $22M Crypto Fraud Case

December 22, 2024 Gonzalo

California residents Gabriel Hay and Gavin Mayo indicted for a $22M crypto fraud involving NFT rugpulls and investor scams, facing decades in prison.

US Charges Developer Linked to LockBit Ransomware Group, Paid in Crypto

December 21, 2024 Gonzalo

The US DOJ charged Rostislav Panev for creating ransomware tools for LockBit, earning $230K in crypto. Arrested in Israel, he awaits US extradition.

Bitfinex Hacker Speaks Out After Sentencing: Ilya Lichtenstein Takes Full Responsibility

December 19, 2024 Gonzalo

Bitfinex hacker Ilya Lichtenstein speaks out from prison, taking full blame for the 2016 Bitcoin heist and absolving wife Heather Morgan of involvement.

Abstract blockchain network illustration with connected blocks, representing core blockchain architecture and decentralized systems.

Namada Proposal Seeks Approval for NAM Airdrop to Coin Center Donors

December 18, 2024 Gonzalo

Namada proposes a NAM airdrop to Coin Center donors, funding advocacy efforts. 1–2M tokens, 2-4% of PGF budget, could be allocated in 3 weeks.

Major Implications for Gaming Tokens as CyberKongz Hit with SEC Wells Notice

December 17, 2024 Gonzalo

SEC’s Wells notice to CyberKongz raises fears over gaming tokens’ future as Web3 platform vows to fight back against potential enforcement action.