The Australian Open’s NFT program, which allowed fans to purchase digital representations of tennis balls linked to specific court locations, has seen a significant decline in value. Initially launched in 2022, the…
Legal Dispute Over Giacometti Sculpture Involving Crypto Billionaire
Crypto billionaire Justin Sun is suing entertainment mogul David Geffen over the possession of Alberto Giacometti’s sculpture “Le Nez.” Sun alleges that his former art adviser forged his signature to sell the…
Canary Capital Launches Litecoin Spot ETF
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…
U.S. Spot Bitcoin ETFs Experience Net Outflows
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…
Coinbase Celebrates Legal Victory as SEC Drops Lawsuit
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…
Intense Competition for Positions on Trump’s Crypto Advisory Council
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…