A man from Guelph, Ontario reportedly lost large amounts of money to a cryptocurrency scam after meeting someone who pretended to be his long-lost friend.

In a recent statement, Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), spoke about the nature of his role overseeing the $120 trillion U.S. capital market, opening up about its integral role in the economy.

Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.

Standard Chartered revealed that it obtained regulatory approval in Luxembourg to offer digital asset custody services. The financial institution said the Luxembourg hub will serve as its regulatory entry point to the EU market.

The meme coin market, notorious for its speculative chaos, is about to enter a new chapter. White Swan (SWAN), the first self-proclaimed Market in Crypto Assets (MiCA)-compliant meme coin, is gearing up to redefine this segment with its commitment to transparency and regulatory alignment.

Bryan Steil named chair of the Subcommittee on Digital Assets, driving leadership in crypto regulations and fintech innovation. The post Pro-crypto advocate Bryan Steil named chair of Subcommittee on Digital Assets appeared first on Crypto Briefing.

Standard Chartered sets up a regulatory hub in Luxembourg, leveraging MiCA's unified framework for crypto custody services across the EU. The bank strengthens its position in Europe's evolving digital asset market. The post Standard Chartered Secures Digital Asset Licence in Luxembourg appeared first on Cryptonews.

TL;DR Standard Chartered launches digital custody services in Luxembourg after obtaining a MiCA license, aiming to expand its digital asset portfolio in Europe. The initial offering will be limited to the custody of Bitcoin and Ethereum, with plans to include more assets in 2025. Crypto trading services will not be offered at this stage.

According to the security firm, hacks accounted for more than 70% of crypto losses due to illicit activities in 2024, compared to 30% for scams.

A cryptocurrency trader has fumbled a massive trade after buying 24.25 million tokens of the hot new AI-related meme-inspired cryptocurrency Large Language Model ($LLM) for 9.17 SOL worth little over $1,800, and selling them just two minutes later.

The outlook for crypto adoption in 2025 is overwhelmingly positive, but not without challenges. Regulatory clarity, institutional participation, and technological innovation will be the pillars of growth.

Standard Chartered has obtained a license to provide crypto custody services in Luxembourg, according to a Jan. 9 statement. The approval falls under the Markets in Crypto-Assets (MiCA) framework, which provides a unified regulatory approach for crypto businesses across the European Union.

As volumes for spot bitcoin ETFs soared last year, the number of financial advisors adding crypto to client portfolios doubled, according to a survey released on Thursday.

Gemini crypto exchange appointed Mark Jennings as head of Europe, Daniel Slutzkin to lead its UK operations, and Vijay Selvam as international general counsel.

According to a report by blockchain security firm PeckShield, the cryptocurrency sector experienced a sharp rise in security breaches in 2024, with losses totaling $3.01 billion.

The partnership between Mastercard Crypto and key exchanges will allow users to send and receive digital assets using simple aliases instead of complex blockchain addresses.

UAE conglomerate DAMAC Group, with investments in property development, hospitality, and data centres, has announced plans to tokenize $1 billion worth of its assets for financing purposes in early 2025. The tokenization will be done in collaboration with UAE-based MANTRA, a layer 1 blockchain platform for tokenizing real-world assets.

Eligible clients can receive up to $105 in Kraken trading fee credits upon receiving their funds. Clients must complete onboarding and verification to access the fee credits on Kraken Pro.

China's massive, young, and tech-savvy population still drives global demand for blockchain applications despite strict regulatory restrictions. The post China's Tech-Savvy Youth Drives Global Demand for Blockchain Apps, Despite Restrictions appeared first on Cryptonews.

On January 7, Canadian politics experienced a seismic shift: Justin Trudeau, in power since 2015, announced his resignation following the abrupt departure of his Finance Minister, Chrystia Freeland. Since then, all eyes have turned to Pierre Poilievre, the leader of the Conservative Party, whose popularity is skyrocketing as the October 20 elections approach.

The cryptocurrency market has witnessed a precipitous contraction, with $350 billion exiting the market in the last 48 hours.

Crypto, often criticized for lacking real-world applications, is proving to be a tool for positive change in Tanzania and Kenya. These countries are facing environmental challenges like plastic pollution, which is hitting hard.

To compete in the fast-growing crypto ecosystem, Standard Chartered has launched a new offshoot in Singapore.

TL;DR Grayscale has rebalanced several of its investment funds, adding tokens like Livepeer, Curve, and Cardano to diversify portfolios for 2025. The focus on decentralized AI technologies and the DeFi sector reflects market trends and adapts to new opportunities.

Mastercard has expanded its Crypto Credential solution to the UAE and Kazakhstan, enabling users to send and receive cryptocurrencies using simple aliases instead of complex blockchain addresses, enhancing transaction security and accessibility in the EEMEA region. The post Mastercard Expands Crypto Credential Solution to UAE and Kazakhstan appeared first on Cryptonews.

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Kraken, one of the biggest crypto exchange, has announced FTX creditors will be able to trade for free, up to $50,000, if they select Kraken for the distribution of funds.

Banking giant Standard Chartered is debuting crypto services in Europein Europe via its new Luxembourg entity after securing a digital asset license under the MiCA framework.

Bhutan continues to leverage new technologies, particularly Bitcoin and the blockchain, to boost its economy. According to multiple reports, Gelephu Mindfulness City (GMC) is ready to integrate digital assets like Bitcoin, BNB, and Ethereum into its strategic reserve.

With MiCA now live, what changes should crypto users and investors expect when using platforms or buying tokens in the EU? MiCA fully comes into force On December 30, 2024, the European Union rolled out the Markets in Crypto-Assets framework,

The IMF has recommended immediate reforms to mitigate risks and strengthen oversight in Kenya's cryptocurrency market.

A new year, a new batch of red-hot crypto presales. Which ones are winners?

Coinbase and the CFTC might be at loggerheads amid issued subpoena in Polymarket probe.

Sonic and Galaxy Interactive have launched the G.A.M.E. Fund 1, providing up to $1 million per project to advance Web3 gaming, AI integration, and social media innovations.

The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.

According to PeckShieldAlert, a blockchain security platform, the crypto industry suffered significant losses in 2024, with hacks and scams totaling $3.01 billion, marking a 15% increase from the $2.61 billion lost in 2023, highlighting a concerning rise in cybercrime targeting digital assets. The post Crypto Hacks and Scams Cost the Industry over $3 Billion in 2024: Report appeared first on Cryptonews.

Traders can now use USDT, USDC, ETH, and BTC as margin currencies to trade any derivatives contract on BitMEX, with the list set to expand in the near future. The post BitMEX Launches Multi-Asset Margining appeared first on Cryptonews.

Binance, the world's largest cryptocurrency exchange, has announced new listings for particular crypto assets, while also planning to delist three trading pairs. The listing move is part of the exchange's ongoing efforts to expand the trading choices offered on Binance Spot and enhance users' trading experience.

A comprehensive guide of the AlphaX exchange. Find more about the project: https://alphax.com/ ** This video has been sponsored by AlphaX Exchange.

Here is a 2-minute breakdown of everything important that happened in crypto today.

What does APY mean in crypto? If you are taking part in yield farming, you might have already heard of APY or APR.

DeFi was the most targeted sector in 2024.

Jacob Gadikian, CEO of the blockchain services firm Notional Labs, has recently alleged that Terra's downfall and UST's dollar depeg were not caused by Do Kwon, the disgraced founder of the project. Gadikian stated that the real culprit behind this fraud, an unidentified attacker, remains at large.

24-year-old law student accused of defrauding nearly 300 investors in multi-million-dollar crypto scheme.

Mastercard has launched Crypto Credential in the UAE and Kazakhstan to allow crypto exchange users to send and receive cryptocurrencies using simple aliases instead of complex blockchain addresses. The solution is making its debut in Eastern Europe, Middle East and Africa.

The data shared by PeckShield shows that hackers were behind the majority of the losses that the crypto industry saw in 2024.

An exciting update for online gaming enthusiasts emerges as the CryptoCasinos.com platform announces a redesign of its site. The redesign brings gamers seamlessly closer to accessing the best casinos where cryptocurrency is used.

Binance, the world's largest cryptocurrency exchange by trading volume, is a central part of the wider digital asset ecosystem. As such, it is often in the crosshairs of cybercriminals — ranging from the lowliest of script kiddies to state-sponsored and sanctioned outfits like the notorious Lazarus Group.