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Crypto Investment Products Record $243 Million Inflows in Final Week of 2023, Yearly Total Reaches $2.2 Billion – CoinShares

Cryptocurrency investment products witnessed substantial inflows, totaling $243 million in the final week of 2023, contributing to a cumulative yearly inflow of $2.2 billion.

S Korean City of Incheon Seizes $375,000 Worth of Crypto from ‘Tax Dodgers’

South Korea’s Incheon says it has confiscated $375,000 worth of cryptoassets from “tax-evading” residents who tried to hide their earnings in token wallets.

South Korean Gaming Giant WeMade Must Pay $41M ‘Crypto Tax’ Bill

The South Korean gaming firm WeMade has been hit with a $41 million tax bill for its crypto-related activities.

Record $1.1 Trillion in Crypto Exchange Volume Driven by Spot Bitcoin ETF Anticipation

The monthly spot trading volume on crypto exchanges exceeded $1 trillion in December 2023, marking the first time this significant volume level has been surpassed in over a year.

EBA to Extend Stress Testing to Assess Impact of Strains in Non-Bank Financial Institutions, Including Crypto Entities

The European Banking Authority (EBA) is set to implement additional measures to evaluate the potential impact of strains in non-bank financial institutions (NBFIs), including those in the cryptocurrency sector, on traditional banks. This initiative is driven by concerns over contagion and aims to enhance the understanding of interconnections between banks and other financial entities.

Bitget Exchange Reports Significant Growth in Employees and User Base, Highlights Focus on Bitcoin Expansion in 2024

Seychelles-based cryptocurrency derivatives exchange Bitget has seen prolific growth in its employee and user base in 2023.

CoinDCX Clarifies Fraud Complaints Against Scam Crypto App Sharing its Name

The Delhi Police have initiated a cheating case against crypto app CoinDCX, following complaints from users about alleged bank fraud. However, India’s largest crypto exchange CoinDCX clarified that the fraud did not occur on their platform but rather on a fake app impersonating their name.

Square Enix in 2024 Doubling Down on Blockchain, AI, and Metaverse Technologies

The Japanese gaming giant Square Enix reaffirmed its plans to utilize blockchain, artificial intelligence (AI), and metaverse in creating novel content for consumers.

Wallet Drainers Make Off with $295 Million from 320,000 Users in 2023: Scam Sniffer

Popular crypto phishing scams drained almost $300 million from 320,000 users in 2023 with figures increasing monthly as bad actors deploy sophisticated techniques.

Radiant Capital Reports Exploit of $4.5 Million Ethereum Loss

Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million.

290,000 S Korean Public Sector Employees Forced to Declare Crypto Holdings

Around 290,000 South Korean public sector workers will be forced to declare their crypto holdings starting from February.

OKX Implements New Rules for UK Users in Compliance with FCA Regulations

The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA).

Grayscale Amends Bitcoin ETF Application, Excludes Authorized Participant Details

Grayscale, a prominent cryptocurrency asset management firm, has filed an amendment to its registration statement with the U.S. Securities and Exchange Commission (SEC).

Crypto Voters are a Key Swing Bloc in 2024 Election, New Survey Finds

Last updated: January 2, 2024 02:43 EST . 2 min read ...

December Ranks Fifth Highest Month in Crypto Scams With Over $100 Million Drained

Blockchain security firm CertiK says that over $116 million was lost in December to crypto scams with exploits, exits scams and flash loan attacks recording the highest figures.

Stake Secures Naming Rights for Sauber’s Formula 1 Car in Multi-Year Deal

Cryptocurrency betting and casino platform Stake has obtained the naming rights for Sauber’s Formula 1 car for the 2024 and 2025 seasons.