Canary Capital has listed its Litecoin Spot ETF under the ticker LTCC on the Depository Trust & Clearing Corporation (DTCC). This move provides investors with more avenues to gain exposure to alternative cryptocurrencies beyond Bitcoin, reflecting the expanding diversity in crypto investment products.
U.S. spot Bitcoin ETFs have recorded three consecutive days of net outflows, indicating a potential shift in investor sentiment. Despite this, the overall interest in cryptocurrency investments remains robust, with new products and institutional participation continuing to grow.
In a significant development for the cryptocurrency industry, Coinbase Global Inc. announced that the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against the company. The SEC had previously accused Coinbase of operating unlawfully by failing to register as a national securities exchange, broker, or clearing agency. This decision marks a … Read more
The establishment of President Donald Trump’s crypto advisory council has ignited fierce competition among industry leaders and major donors seeking to influence future digital currency regulations. The council aims to support innovation in digital assets and develop national policies, addressing critical issues such as the classification of cryptocurrencies and regulatory oversight. Prominent figures like Ripple’s … Read more
In 2024, cryptocurrency scams reached unprecedented levels, with total scam revenue estimated between $9.9 billion and $12.4 billion. A significant contributor to this surge is the rise of “pig butchering” scams, where fraudsters build fake relationships to deceive victims into fraudulent investments. The increasing use of generative artificial intelligence (GenAI) has made these scams more … Read more
Argentine President Javier Milei is embroiled in controversy after the cryptocurrency $LIBRA, which he promoted, experienced a significant crash, leading to substantial investor losses. The incident has sparked fraud allegations and calls for his impeachment. Milei denies actively promoting the cryptocurrency, stating he merely shared information about it. Over 110 complaints have been filed, prompting … Read more
The United Nations Office on Drugs and Crime (UNODC) reports a surge in “pig butchering” scams, where criminals establish fake relationships to defraud victims. These scams have become more sophisticated, employing technologies like generative AI and deepfakes to create convincing personas and overcome language barriers. The use of advanced tools has lowered the entry barrier … Read more
In 2024, North Korean hackers, notably the Lazarus Group, orchestrated multiple cryptocurrency heists totaling $659 million. Significant incidents include a $308 million theft from Japan’s DMM Bitcoin exchange and a $235 million breach of India’s WazirX exchange. These attacks highlight the increasing sophistication of cyber threats in the crypto sector, with businesses advised to enhance … Read more
Connecticut State Police have successfully recovered approximately $180,000 for a local resident who fell victim to a cryptocurrency scam known as “pig butchering.” The scam involved fraudsters building a relationship with the victim through text messages, convincing them to invest over $225,000 into a fake platform called ‘XeggeX.’ Authorities emphasize caution against unsolicited investment advice … Read more
Republican lawmakers, led by Sen. Ted Cruz and Rep. Mike Carey, are advocating for the repeal of a tax-compliance rule that requires DeFi platforms to report transactions to the IRS. They argue that this rule imposes undue burdens on companies and exceeds congressional intent.