More than half a billion people had become cryptocurrency users or owners by the end of 2023, according to a market sizing report from cryptocurrency exchange Crypto.com. The company estimates that the global number of cryptocurrency users increased by 34% in 2023, growing from 432 million to 580 million people. Delving deeper into the statistics, Crypto.com reveals…
Crypto firms Coinbase, Paradigm, and Consensys are urging the United States Treasury to revisit its proposed reporting requirements for transactions involving crypto mixers, arguing they lack specificity and would be a drain on resources. On Jan. 22, Coinbase sent a letter in response to the U.S. Treasury Department’s Financial Crimes Enforcement Network’s (FinCEN) notice of proposed rulemaking…
Every market cycle in cryptocurrency is made up of new narratives that demand investors’ attention and money. Being aware of these movements is strategically necessary for both individuals and companies. Looking back at previous bull cycles, it’s clear that there are always new narratives to capture investors’ attention and resources, shaping the development of the…