Backpack also clarified that FTX EU would be rebranded as Backpack EU and would solely handle the redistribution of customer funds.

The Federal Reserve dropped its December meeting minutes, and let's just say the message wasn't pretty. Inflation is creeping higher, the Fed isn't feeling generous with rate cuts, and Trump's economic policies have everyone on edge—even if his name didn't make it into the official documents.

A 24-year-old Dutch law student has been arrested for allegedly operating a €4.5 million cryptocurrency investment scheme that defrauded 300 people through a Ponzi structure.

Outgoing SEC Chair Gary Gensler ends his tenure after completing 100 crypto enforcement actions, defending his strict regulatory approach as President-elect Trump nominates Paul Atkins, known for his crypto-friendly stance, as his successor.

Thailand demonstrates a dual approach to cryptocurrency, launching tourist-focused payment trials in Phuket while simultaneously combating illegal mining operations that steal electricity.

What factors are causing the downturn of the crypto market? And what is the downturn impact on the cryptocurrencies?

In 2024, Binance reached a milestone of 250M registered users.

Crypto investors faced a tough 2024 as hacks and scams exploited weaknesses, costing billions in losses. Crypto-related hacks and scams cost the industry $3.01 billion in 2024, reflecting a 15% rise from $2.

Are TikTok's crypto influencers prioritizing profit over your financial safety?

The crypto market presents investors with promising opportunities. These 5 crypto coins show strong potential for substantial growth in Jan 2025.

IMF recommends Kenya overhaul outdated regulations, address scams and align its crypto framework with global standards for financial stability.

The alleged crypto trader from Hengelo is suspected of defrauding nearly 300 investors, embezzling €4.5 million in the scheme. The post Police Arrest Dutch Law Student in Connection With $4.6M Crypto Investment Scheme appeared first on Cryptonews.

As Bitcoin bulls display sluggish behaviour, the altcoins have jumped into action. The prices of popular cryptos like ETH, XRP, ADA, SOL, etc. and a few more have been facing a significant rise in the selling pressure.

Last year, Lunar Strategy launched Crypto AI:CON, which made waves in the emerging Crypto + AI narrative in the year that was.

With just days left until his exit from the U.S. Securities and Exchange Commission (SEC), Chair Gary Gensler once again took aim at the cryptocurrency industry, arguing that it is "rife" with bad actors.

Grayscale Investments, a leading asset management firm known for its focus on crypto, recently made some important changes to its multi-asset funds. This adjustment comes after they review Q4 2024, and it involves updates to several key funds, including those focused on AI, DeFi, and smart contract platforms.

A Canadian crypto enthusiast has gone into hiding with his family after narrowly escaping an alleged kidnapping attempt.

Binance wrapped up 2024 with jaw-dropping numbers. The platform now boasts over 250 million registered users, adding a whopping 50 million in just six months. Its trading volume hit an eye-popping $100 trillion, showing just how much trust and activity it has in the crypto world.

Backpack clarified that it purchased FTX EU from the “former insiders” who bought the entity from the FTX bankruptcy estate. CySEC also approved the deal last month.

The most prominent AI Agent projects, including Virtuals Protocol (VIRTUAL) and ai16z (AI16Z), have recently experienced significant price surges. While the outlook for AI Agents remains positive, many investors missed opportunities to secure favorable positions.

Andreessen Horowitz (a16z) announced plans to launch its crypto accelerator program in San Francisco this spring, inviting visionary founders to apply by Feb. 7. The post VC Giant a16z Launches Spring 2025 Accelerator for Crypto Startups appeared first on Cryptonews.

The Hong Kong Monetary Authority (HKMA) has unveiled the "Supervisory Incubator for Distributed Ledger Technology" (DLT) to help banks safely adopt blockchain-based solutions. The post Hong Kong Launches Initiative to Accelerate Blockchain Adoption in Banking appeared first on Cryptonews.

Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU.

A fake browser extension mimicking cryptocurrency exchange OKX has infiltrated the Firefox browser store. On Jan.

FTX.com and the FTX Recovery Trust have exposed Backpack's claims of acquiring FTX EU, calling them misleading and confusing. The statements also raised doubts about Backpack's involvement in repaying customers. FTX has now stepped in to reveal the real facts about FTX EU's ownership, the court's role, and the actual repayment process.

Europe faces mounting pressure to secure its financial future as reliance on U.S. and Chinese payment giants grows, with China's digital currency threatening dominance. Europe Risks Payment Dependence on China and U.S.

Grayscale Investments, a leading asset management firm, has updated the portfolios of four of its crypto investment funds.

Rostin Behnam, the outgoing Chair of the U.S. Commodity Futures Trading Commission (CFTC), made his final public remarks on January 8, 2025.

DeFi agent narrative has emerged with Griffain as the top contender.

According to FTX, Backpack is indirectly acquiring the Cypriot unit from former FTX employees who still do not own the division. Backpack also lacks authorisation to distribute funds to stressed FTX customers.

The crypto market experienced liquidations exceeding $524.8 million in the past 24 hours as bitcoin and ether continued to decline.

Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), reiterated his critical view of the cryptocurrency industry, describing it as "rife with bad actors."

OKX confirms that it has not released any Firefox browser extension, asking users to transfer the wallet assets immediately if downloaded. The post OKX Warns Users of Fake Wallet Plugins on Firefox Browser Extension appeared first on Cryptonews.

Grayscale Investment, a top asset management firm with a focus on crypto products, has rebalanced most of its multi-asset funds after Q4 2024 reviews.

In the constantly evolving world of finance, crypto lending has emerged as a revolutionary alternative to traditional banking systems. Offering a blend of innovation and efficiency, it bridges the gap between DeFi (decentralized finance) and TradFi (traditional financial) systems.

Outgoing SEC Chair Gary Gensler warned that many crypto projects may fail, criticizing the industry for being driven more by sentiment than fundamentals. The post Gary Gensler Predicts Crypto Shakeout, Says Sentiment Outweighs Fundamentals appeared first on Cryptonews.

A New York federal court has paused the SEC's case against Coinbase, granting a rare appeal that could reshape how securities laws apply to crypto. Coinbase Secures Key Legal Victory in SEC Case A federal court in New York has certified an order for interlocutory appeal in the U.S.

Gary Gensler will step down as chair of the U.S. Securities and Exchange Commission (SEC) Jan. 20 with the inauguration of President-elect Donald Trump. But that didn't stop Gensler from expressing concerns that more needs to be done to regulate the cryptocurrency market, particularly altcoins and intermediaries.

Sberbank wants the Russian Central Bank to push its digital ruble rollout back to 2026, with the banking giant calling for a more “realistic” CBDC launch date. The post Sberbank Urges Moscow to Postpone Digital Ruble Launch to 2026 appeared first on Cryptonews.

FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.

OKX, a crypto exchange platform, has alerted users of a malicious OKX browser extension that has appeared on the Firefox browser plugin store.

a16z opens applications for its fourth Crypto Startup Accelerator cohort, offering comprehensive support and funding opportunities for emerging crypto projects in a three-month program.

The cryptocurrency industry has seen many milestones since bitcoin's launch in 2009, but 2025 could be a watershed year. The sector stands at a crossroads.

A 24-year-old Dutch law student from Hengelo, Netherlands, has been arrested following allegations of running crypto scams that defrauded approximately 300 people out of €4.5 million ($4.6 million).

Bitfinex Derivatives has taken a big step forward by getting a Digital Asset Service Provider (DASP) license in El Salvador. With this move, the platform can now offer more derivatives trading services in Latin America.

Binance's cumulative trading volume hit a staggering $100 trillion, reflecting its dominance and trustworthiness in the market.

Movement Labs approaches completion of a major Series B funding round targeting $100M, following their successful $38M Series A, despite current bearish crypto market conditions.

FTX issued a formal statement clarifying details surrounding Backpack entities' claim of acquiring FTX EU Ltd. The clarification, released on January 8, 2025, addresses inaccuracies in Backpack's January 7 press release, which suggested its involvement in asset recovery for former FTX EU customers.