Uncategorized Archives - Page 18 of 146

MondayApr 21, 2025 9:00 am

Critics Say Trump Family is Deepening Its Crypto Interests While Promoting Deregulation

Since Donald Trump returned to the White House, his administration has taken a friendly approach toward the cryptocurrency industry. Regulations have been scaled back, and this has coincided with the rapid rise of a crypto company called World Liberty Financial (WLF)—a firm in which the Trump family holds significant interests. This overlap between political decisions and personal financial gains has raised alarms among watchdogs and members of Congress, especially those concerned about ethics and economic risk. Trump has appointed individuals with strong ties to the crypto world to key roles, including leadership at the Securities and Exchange Commission (SEC) and…

ThursdayApr 17, 2025 9:00 am

Trump Signs Law to Void Expanded IRS Rule for Crypto Brokers

President Donald Trump recently signed a measure overturning a controversial IRS rule that would have expanded the definition of “broker” to include decentralized crypto exchanges. The rule, which the IRS finalized in late 2024 under the Biden administration, was set to take effect in 2026 and faced strong opposition from the crypto industry. It was introduced as part of efforts to tighten tax reporting requirements for crypto transactions, a move stemming from the 2021 Infrastructure Investment and Jobs Act. The regulation required crypto brokers, including decentralized finance (DeFi) platforms, to report user transaction data to both the IRS and asset…

TuesdayApr 15, 2025 9:00 am

The Risks of Crypto Self-Custody Are Increasing for Investors

Deciding whether to invest in crypto long-term is a big move, but figuring out how to store digital assets securely might matter even more. Recent wildfires in California have brought this issue into focus. Some crypto holders shared stories online about losing their Bitcoin after storage devices or metal seed phrase plates were destroyed in the fires. While individual claims can’t always be confirmed, the incident highlights the very real risks of managing your crypto. There are generally two types of crypto storage: cold wallets (offline) and hot wallets (online). The latter, like those offered byBlockchain.com or Coinbase Global Inc.…

FridayApr 11, 2025 9:00 am

Trump Admin Asks Prosecutors to Hit the Brakes on Crypto Enforcement

The federal government is making a significant shift in its approach to cryptocurrency by pulling back federal enforcement efforts and dissolving a unit specifically created to handle crypto-related crimes. A memo from Deputy Attorney General Todd Blanche states that federal prosecutors have been instructed to stop targeting crypto exchanges, offline wallets, and coin mixing services based solely on actions taken by users or unintentional violations of existing rules. According to the memo, the Justice Department (DOJ) will no longer act as a regulator for digital assets. It also announced the immediate dissolution of the National Crypto Enforcement Team (NCET). This…

ThursdayApr 10, 2025 9:00 am

Why the Crypto Market is Continuing to Slide

The cryptocurrency market remained under pressure on Monday, with Bitcoin slipping below $78,000 during early trading in Asia. Data from CoinGecko showed the top 10 digital assets all in the red. Altcoins were hit even harder—XRP, Ethereum, and Solana dropped sharply, falling 15.8%, 17.2%, and 16%, respectively, over the past day. The downward trend wasn’t limited to crypto. Asian markets also took a hit, with Japan’s stock market extending its decline, now down 8.5%, marking its weakest point since October last year. U.S. futures hinted at a 4% decline, and European stocks also slipped as investors shifted toward safer assets,…

TuesdayApr 08, 2025 9:00 am

Expert Warns That North Korean Crypto Hackers Are Exploiting Operational Security Vulnerabilities

The “ClickFake” campaign from North Korea is bringing cybersecurity risks in the cryptocurrency space to light once more. However, security experts say that human error, not flawed smart contracts, is the greatest threat to Web3. According to Oak Security managing director Jan Philipp Fritsche, many blockchain teams fail to implement basic cybersecurity procedures. Fritsche, who formerly worked as an analyst at the European Central Bank, believes that inadequate device management, a lack of access controls, and dangerous authorization handling are the main problems, rather than coding. The “ClickFake Interview” scheme, led by North Korea’s hacking group, Lazarus, targeted not just…

FridayApr 04, 2025 9:00 am

Trump Tariffs Rattle Crypto Market, $130 Billion Wiped Out

Last week, the cryptocurrency market saw a sharp decline, shedding more than $130 billion in value as investors braced for the impact of new tariffs introduced by U.S. President Donald Trump. The measures, tagged “Liberation Day,” are set to take effect this week and will raise duties on a wide range of imported products. Bitcoin felt the pressure of economic uncertainty, slipping below the $82,000 mark. The digital currency has now lost seven days in a row, mostly due to worries over the wider ramifications of Trump’s trade plans. The concurrent drop in stock futures in the U.S. has only…

ThursdayApr 03, 2025 9:00 am

How Crypto Hackers Are Exploiting Small Mistakes Dubbed Typosquatting

As cryptocurrencies gain mainstream traction, cybercriminals continue to develop new tactics to exploit unsuspecting users. One increasingly common tactic is typosquatting, also known as domain mimicry or URL hijacking. This deceptive practice involves cybercriminals registering domains that closely resemble legitimate cryptocurrency platforms, tricking users into visiting fake websites. These fraudulent sites often lead to stolen credentials, malware infections, and financial losses. For example, someone intending to visit “coinbase.com” might accidentally type “coinbsae.com,” unknowingly accessing a fraudulent site that mimics the original. The fraudulent pages often prompt users to enter login details or private keys, putting their assets at risk. Some…

TuesdayApr 01, 2025 9:00 am

DOJ Wants Gotbit to Forfeit Crypto Worth $23m After Guilty Plea

The Justice Department (DOJ) announced on March 27 that it was seeking to recover roughly $23 million in crypto assets after crypto financial service firm Gotbit and its CEO and founder, Aleksei Andriunin, pleaded guilty to financial misconduct. The legal action follows a criminal case in which a federal court in Boston accepted Gotbit’s acknowledgment of manipulating cryptocurrency trading activity. The company, operating as a market maker in the crypto asset industry, was accused of creating fake trading volumes to deceive investors about market demand and liquidity. As part of its agreement with the DOJ, the firm agreed to relinquish…

FridayMar 28, 2025 9:00 am

Crypto Debanking Could Persist Until Early 2026, Expert Says

Despite recent positive regulatory moves, the U.S. crypto industry may still be struggling with banking restrictions, according to industry insiders and experts. Concerns about banks cutting ties with crypto firms resurfaced after several crypto-friendly institutions collapsed in 2023. Some critics contended that this was part of a larger government initiative—Operation Chokepoint 2.0—to coerce banks into cutting ties with crypto companies. While President Donald Trump has made several crypto-friendly decisions, such as the March 7 executive order to create a national Bitcoin reserve using seized assets, industry leaders say that banking challenges persist. Custodia Bank CEO Caitlin Long warned that it’s…