Despite FBI warnings, Coinbase users continue to fall victim to massive scams, causing annual losses exceeding $330 million according to cryptocurrency researcher ZachXBT. Data published by the blockchain investigator reveals that an additional $45 million worth of cryptocurrency was stolen through social engineering techniques in just the past week, primarily
U.S. state legislators are introducing strict regulations for cryptocurrency kiosks in the first quarter of 2025, following an FBI report that documented more than 5,500 complaints related to these machines nationwide in 2023, resulting in losses exceeding $189 million. The Maryland General Assembly is currently considering legislation that
Censorship-resistant "dark stablecoins" may see increasing demand amid tightening regulations, according to the CEO of crypto analytics firm CryptoQuant. In a May 11, 2025 post, Ki Young Ju warned that any stablecoin issued by a country could soon face strict government regulation, leading to automatic tax collection, wallet
Elon Musk's social media company, X Corp., filed an amicus curiae (friend of the court) brief with the United States Supreme Court, protesting against the IRS (Internal Revenue Service) practice of obtaining three years of transaction data from 14,000 Coinbase cryptocurrency exchange users – including James Harper – without
The Trump memecoin, whose logo features the former president raising his fist, has increased in value by nearly 20 percent after an exclusive dinner was announced for May 22 at Trump's Virginia golf club for the token's largest holders, generating over $1 million in fees for
Coinbase entered into an agreement on May 8, 2025, to acquire Deribit, the world's leading crypto options exchange, for $2.9 billion, consisting of $700 million in cash and 11 million shares of Coinbase Class A common stock. The transaction significantly advances Coinbase's derivatives business, establishing
The European Union will ban anonymous crypto accounts and privacy-enhancing cryptocurrencies like Monero and Zcash by 2027. The decision is part of the EU's new Anti-Money Laundering Regulation (AMLR), which explicitly prohibits credit institutions, financial institutions, and crypto-asset service providers (CASPs) from maintaining anonymous accounts and handling privacy-enhancing
The European Data Protection Board (EDPB) adopted Guidelines 02/2025 on processing of personal data through blockchain technologies on April 8, 2025, highlighting serious compliance issues between blockchain and GDPR principles. The immutable nature of blockchain fundamentally conflicts with GDPR principles on storage limitation, accuracy and the right to erasure,
Alexander Mashinsky, the former CEO of Celsius Network, has been sentenced to 12 years in prison after pleading guilty to two counts of fraud in December 2024. U.S. District Judge John G. Koeltl delivered the sentence on May 8, 2025, in Manhattan court, significantly less than the 20-year term
The European Union's pioneering cryptocurrency regulation, Markets in Crypto Assets (MiCA), will be fully implemented by December 30, 2024, but national compliance deficiencies are hampering its effective enforcement. According to the European Commission, only seven of the 27 member states have established the proper legal frameworks to enforce
Circle's NYSE debut on June 5th saw shares surge 174% above its $31 IPO price to reach $84.92, then climb further to $107.5 on June 6th, achieving a cumulative increase of nearly 250% over two days. According to Jay Ritter, a professor at the University of
The Czech-based privacy-focused eXch Exchange ceased operations on May 1, 2025, after being accused of facilitating the laundering of approximately $35 million from the $1.4 billion cryptocurrency stolen in the Bybit exchange hack. In a notice published on the Bitcoin Forum on April 17, eXch's management announced
