The National Bank of Cambodia (NBC) now permits commercial banks and payment institutions to provide services involving backed cryptocurrencies.

The National Bank of Cambodia has given commercial banks and payment firms permission to provide crypto-related services, but not for Bitcoin and other unbacked tokens.

Brazil's central bank is growing increasingly concerned about cryptocurrencies drawing people away from the real. The institution plans to ban self-custodial stablecoins in an effort to steer people back toward the national currency.

Japan's Financial Services Authority (FSA) plans to strengthen internal audit processes at financial institutions, including crypto exchanges. According to a recent statement, the agency aims to address industry gaps and align with global standards in regulatory compliance.

A widely followed analyst is suddenly issuing a warning that the crypto market may not be done correcting. Pseudonymous crypto trader Kaleo tells his 675,300 followers on the social media platform X that significant rallies may not resume for Bitcoin (BTC) and other digital assets until they first hit lower prices.

Crypto scams and cyber threats, particularly pig butchering and access control breaches, resulted in losses of $3.6 billion in 2024.

SlowMist has brought attention to a new phishing scam targeting cryptocurrency users. The scam disguises itself as fake Zoom meetings to distribute malware that steals sensitive data.

A total of $14.17 billion worth of bitcoin options are set to expire today, December 27, 2024, while an additional $3.74 billion worth of Ethereum's ether options contracts are to expire as well, injecting uncertainty into the cryptocurrency market.

Kyrgyzstan is considered an ideal destination for cryptocurrency miners, due to its untapped renewable energy resources.

TL;DR Bitwise launches the Bitcoin Standard Corporations ETF: It will invest in companies with at least 1,000 BTC in their reserves, weighting their participation based on the value of their holdings. Strive focuses on BTC-linked convertible securities: Its Bitcoin Bond ETF will concentrate on companies with significant investments in the cryptocurrency.

BingX, a leading global cryptocurrency exchange, proudly celebrates the one-year anniversary of Vivien Lin‘s tenure as Chief Product Officer (CPO).

A sophisticated phishing scam targeting cryptocurrency users has been uncovered, exploiting fake Zoom meeting links to distribute malware and steal assets. The operation, exposed by blockchain security firm SlowMist, saw hackers mimicking Zoom's platform to compromise sensitive information, including private keys and wallet credentials.

Pig butchering scams have emerged as a major threat in 2024, costing victims $3.6 billion, with scammers targeting Ethereum users through long-term manipulation and fraudulent investment schemes, according to a report by Cyvers. The post Pig Butchering Crypto Scams Cost Victims $3.6B in 2024: Report appeared first on Cryptonews.

Ryan Salame, former co-CEO of the crypto exchange FTX, has had his prison sentence reduced, as has Caroline Ellison. Initially sentenced to 7.5 years in prison in May 2024, Salame was set to be released in April 2032.

Elon Musk, the chairman of the X social media platform, has announced plans to overhaul the entire content strategy with an emphasis on reputation. He pointed out that the new AI-powered X algorithm will weigh out those who like a post versus the mute or blockage an account receives.

Cryptocurrencies have taken the financial world by storm over the past decade, evolving from a niche concept to a booming global phenomenon. With countless digital coins hitting the market and blockchain technology becoming mainstream, crypto investments have become the talk of the town.

As crypto adoption grows and project-building on Web3 becomes more widespread, blockchain security has become a central pillar for users and developers. In a conversation with BeInCrypto, Hacken‬ CEO Dyma Budorin highlighted the need for comprehensive compliance solutions in 2025.

The Fear & Greed Index shows the crypto market is indecisive (or cooling off after the pre-holiday rush). $BTC stands at $94K, $ETH at $3.3K, and $XRP at $2.14.

Singapore-based crypto exchange BingX launched ALTCOIN Index, the first futures index involving altcoins like ETH, XRP, SOL and DOGE.

A phishing scam targeting crypto users that used fake Zoom meeting links as a method of malware distribution and stealing the target's cryptocurrency assets has been uncovered by blockchain security firm SlowMist.

Donald Trump's crypto-friendly America is stealing Europe's thunder, and it's not even subtle. While the European Union spent years crafting its shiny new Markets in Crypto-Assets Regulation (MiCA), Trump came in swinging with promises to make the U.S. “the crypto capital of the planet.

India shifted from proposing a crypto ban in 2019 to supporting global regulatory cooperation.

In an era where managing digital assets efficiently and securely is paramount, NOW Wallet has emerged as a frontrunner. It is a non-custodial wallet that caters to novices and seasoned crypto enthusiasts, offering a seamless blend of user-friendliness and advanced crypto functionalities.

As the crypto market experiences a correction towards the end of 2024, Chainlink (LINK) maintains a remarkable performance with a 53% increase since January. Analysts are forecasting a record year in 2025 for this digital asset that has distinguished itself in the blockchain ecosystem.

This move aims to control financial flows and strengthen oversight. However, crypto industry insiders argue it might have the opposite effect.

Vancouver, Canada, 27th December 2024, Chainwire

French financial regulators reveal alarming crypto fraud statistics, with victims losing an average of €29,000 as scammers deploy AI-enhanced deception tactics.

The famous Finnish telecommunications company seems ready for yet another turning point.

In 2024, “pig butchering” scams emerged as the leading threat to cryptocurrency users, causing an estimated $3.6 billion in losses, according to Cyvers, a Web3 security firm. In 2023, this number was around $3.96 billion, as per an estimate from the FBI.

A profit opportunity led to nearly $100 million in trading volumes for a charity-themed memecoin. And although some speculators lost money — the effort still bore fruit for the original cause.

In 2024, "pig butchering" scams were the biggest danger to crypto users, costing $3.6 billion, according to Cyvers, a Web3 security company.

Executives Caroline Ellison and Ryan Salame of the now bankrupt cryptocurrency trading platform, FTX, have reportedly had their sentences reduced due to their cooperation with prosecution and good behavior as inmates. Salame and Ellison pleaded guilty to the charges against them, which were criminal fraud charges and seven federal counts of fraud and conspiracy, respectively.

Binance, one of the largest cryptocurrency exchanges in the world, which recently registered with India's Financial Intelligence Unit (FIU-IND) now believes that India will take the leading role in global crypto regulations by 2025. This optimistic outlook is driven by India's progressive efforts to create frameworks that build trust, boost innovation, and expand blockchain use.

Could decentralization be the answer to AGI threats?

Base's transactions process over 8 million daily, growing from 500,000 in March to 7.5 million by December.

Imagine being part of the next big crypto wave, where modest investments snowball into life-changing gains. The meme coin market has taken the world by storm, delivering massive returns and redefining the way investors view alternative assets.

Binance expects India to lead global crypto regulation in 2025, driven by progressive frameworks aimed at boosting trust, fostering innovation, and expanding blockchain utility.

South Korea has announced sanctions against 15 individuals and one entity from North Korea involved in cybercrimes, including large-scale cryptocurrency heists. The move comes amid rising concerns about North Korea's use of cyber operations to fund its weapons programs and evade international sanctions.

A closely followed analyst says the crypto bull market's end is much closer than most traders realize. In a new thread on the social media platform X, Jason Pizzino tells his 123,400 followers that investor sentiment indicates traders now are closer to the end of the bull market than the start.

BeInCrypto reported earlier that there were significant concerns about Sam Bankman-Fried, the former FTX founder getting an early release from prison through Biden's outgoing presidential pardon.

The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor's Office, along with regulatory bodies like the AMF and ACPR, are particularly concerned about the growing number of schemes involving bogus crypto investments.

Citi analysts forecast strong crypto growth in 2025, driven by Trump's policies, rising ETF inflows, and stablecoin innovation, signaling a bullish outlook for bitcoin and defi.

The crypto markets are gearing up for a pivotal moment as over $525 million in Bitcoin (BTC) and Ethereum (ETH) options are set to expire on Friday, Dec. 27, according to a recent report by Bybit and Block Scholes.

Following the collapse of cryptocurrency exchange platform FTX amid fraud convictions, former executives Caroline Ellison and Ryan Salame have had their prison time shortened. According to a Tuesday (Dec. 26) report from Seeking Alpha, Salame, the former CEO of FTX's Bahamas subsidiary, started his sentence in October.

The report was published by the exchange to highlight its Anti-Scam Refund Initiative. Binance Users Could Have Lost Millions in Scams Binance, the world's largest cryptocurrency exchange, published a report on Monday showing that it foiled malicious scams on its platform that could have cost its users as much as $129 million.

South Korea has seen a significant surge in cryptocurrency adoption, with the number of users jumping by 610,000 in November to reach 15.59 million. Trump Victory Sparks Renewed Interest in Crypto The number of cryptocurrency users in South Korea jumped by 610,000 in November, reaching 15.

DePIN has come to the world, providing the opportunity to create defi projects that reward actions in the physical world.

Trust is the bedrock of human interaction, a fundamental element that shapes our relationships, business dealings and societal structures. In our rapidly evolving digital world, however, we face a pressing challenge: How do we scale trust beyond our immediate circles?