Users must feel secure about their crypto assets and the digital assets space to further mainstream adoption and sustainable growth of the industry. To achieve this, Binance works closely with law enforcement agencies around the world to detect and address financial and cybercrimes. Customer trust plays a pivotal role in the broader adoption of cryptocurrencies,…

Avalanche-based memecoins wanting a slice of a $100 million fund must be at least one month old, among other newly unveiled criteria from the Avalanche Foundation which recently expanded the scope of its fund to capture what it calls “community coins.” In a Jan. 23 blog post, the Avalanche Foundation handed down a range of flexible…

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…

What is a hedge fund? Hedge funds, named for their original purpose of hedging against market risks, gather funds from various investors to diversify across assets, aiming to mitigate market risks. A hedge fund is an investment fund where capital from various institutional and individual investors is combined and put toward a range of assets,…

Ethereum infrastructure firm Nethermind has fixed a “critical” bug in several versions of its execution client that reportedly caused users to fail to process blocks on Ethereum. While the situation affected the users of Nethermind, a minority client, the incident has led some Ethereum community members to reiterate the importance of diversifying away from the…

A group of cryptocurrency scammers have managed to rug pull over 42,000 victims for over $32 million since April 2023 via a novel method that has even fooled some of the industry’s “rug pull detectors,” according to a blockchain security firm. Like many cryptocurrency rug-pull scams, the scammers create tokens impersonating a soon-to-be-launched crypto project…

The transfer volume of stablecoins on the layer-1 Solana blockchain has been steadily increasing, hitting a new record so far this month. According to blockchain analytics platform Artemis, stablecoin transfer volume on Solana has already exceeded $300 billion in January. The figure has already eclipsed the $297 billion in Solana stablecoin transfer volume for December. Moreover, January’s $303…

Bloomberg senior litigation analyst, Elliott Stein, has indicated he sees minimal likelihood of failure for cryptocurrency exchange Coinbase in its ongoing lawsuit against United States Securities and Exchange Commission (SEC). Stein forecasts a 70% chance of the exchange securing a full dismissal in the lawsuit. In a recent post on Jan. 19 on X (formerly Twitter), Stein…