Crypto News
Crypto’s 2025 Paradox: $610B Evaporates While Some Assets Defy Gravity With Triple-Digit Leaps
In the 89 days since 2025 dawned, the cryptocurrency sphere has shed a staggering $610 billion in collective worth. Yet amidst this contraction, a handful of digital tokens have defied gravitational pressures to chart luminous trajectories. Four (FORM), formerly known as binaryx (BNX), has skyrocketed 457.5% against the U.S. dollar since Jan. 1. Jan. 1Source link
T-Mobile Hit With $33M SIM Swap Award Over Crypto Theft
T-Mobile was ordered to pay $33 million after an arbitration panel found it liable for “numerous security failures” enabling a SIM swap that led to crypto theft. Crypto Theft via SIM Swap Leads to $33 Million Loss for T-Mobile Law firm Greenberg Glusker shared on March 20 that it had obtained a $33 million arbitrationSource link
Thai SEC Files Criminal Complaint Against OKX for Unlicensed Operations
Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against Aux Cayes FinTech Co. Ltd., the operator of the digital asset exchange OKX, and nine associated individuals for allegedly operating an unlicensed digital asset exchange. The complaint, submitted to Thailand’s Economic Crime Suppression Division, claims that OKX violated the Emergency Decree on DigitalSource link
Mercuryo CEO: Crypto’s Arrival on the World Stage Won’t Be a ‘Eureka Moment’
According to Petr Kozyakov, trust in traditional finance, notwithstanding its inefficiencies, creates hesitancy among businesses and regulators regarding stablecoins. Traditional Finance Inertia Hinders Crypto Adoption Despite the early promises of blockchain technology to revolutionize global finance, cryptocurrency payments, while gaining traction, remain a small fraction of the overall market. Industry experts point to a combinationSource link
FSCA Warns South African Investors to Steer Clear of Unlicensed Crypto Firms
South Africa’s financial services industry watchdog has issued a warning against unlicensed crypto trading firms accused of soliciting public funds while promising unrealistic returns of up to $542 per day. Unlicensed Crypto Firms Use Celebrity Names to Promote Offerings South Africa’s financial services industry watchdog, the Financial Sector Conduct Authority (FSCA), has issued a publicSource link