Crypto News

Crypto scammers may have pocketed as much as a record $12.4 billion last year fueled, in part, by growth of so-called pig-butchering schemes, blockchain analytics firm Chainalysis said.Fraudsters' revenue from such schemes, in which they build up victims' trust before convincing them to make fraudulent crypto investments and named after the practice of fattening swine before slaughter, rose 40% to at least $9.9 billion.While law enforcement agencies worldwide have targeted such operations, scammers have refined their tactics, Chainalysis said. The scammers leverage artificial intelligence and are expanding their networks across multiple countries, becoming more professionalized, the report said. Overall scam activity has increased 24% a year on average since 2020.Chainalysis highlighted platforms like Huione Guarantee, a peer-to-peer marketplace that, it...

BNB Chain launches 'BNB My Valentine' campaign, offering exclusive NFT rewards and prizes to celebrate Valentine's Day with crypto enthusiasts globally. (Read More)Source link

Solaxy, a new Layer-2 scaling solution for Solana, just hit a huge milestone – its presale has passed $20 million in funding. This early interest, combined with bullish analyst predictions, is generating massive excitement around SOLX’s price potential. Solaxy Presale Heats Up as Analysts Predict Explosive Growth The excitement around Solaxy is backed by seriousSource link

Which market offers the most favorable environment for virtual assets? This distinction remains highly contested, with various financial centers competing to become leading hubs for digital assets, aiming to attract innovation, investment and jobs. In Asia, two of the most prominent players in this space are Hong Kong and Singapore.Hong Kong’s regulatory environment will be the lynchpin to its success. The right regime will not only provide guidelines to stakeholders but attract them in the first place. And though entrepreneurs and corporations are often the focus of such policy-making, regulators need to give as much attention to retail and institutional investors. After all, investors provide the financial backing that businesses need to succeed in what is typically a capital-intensive market.Why...

Robinhood achieved significant growth in Q4 2024, with revenues soaring by 115% year-over-year, driven by a surge in crypto trading and strategic expansions. (Read More)Source link