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…
Crypto Scams Reach Record Highs in 2024, Fueled by AI
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…
Argentine President Faces Scandal Over Endorsed Cryptocurrency Crash
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…
‘Pig Butchering’ Scams Evolve with Advanced Technology
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…
North Korean Hackers Steal Over $650 Million in Crypto Heists in 2024
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…
Connecticut Resident Recovers $180,000 from ‘Pig Butchering’ Crypto Scam
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…
Republicans Push to Repeal DeFi Tax-Reporting Rule
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…
DeFi Total Value Locked (TVL) Reaches $192 Billion in 2024
The DeFi sector has seen a significant recovery, with Total Value Locked (TVL) reaching $192 billion in 2024, marking the highest level in 15 months. This growth indicates renewed interest and confidence…
Synthetix Acquires Kwenta to Strengthen DeFi Ecosystem Control
Synthetix has acquired Kwenta, aiming to regain front-end control and unify strategic goals within its ecosystem. This move is intended to streamline product development and enhance alignment across the platform.
How to Secure Your Cryptocurrency from Hacks & Scams
Tip 1: Use hardware wallets (Ledger, Trezor) for long-term storage.Tip 2: Enable 2FA (Two-Factor Authentication) on exchanges and wallets.Tip 3: Never share your private keys or seed phrases.Tip 4: Avoid phishing scams…