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.
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Category: Cryptocurrencies
Mastercard Expands Crypto Credential Solution to UAE and Kazakhstan
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.
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Thailand Authorities Raid Bitcoin Mining Farm Over Power Theft
Thailand’s Provincial Electricity Authority dismantled a Bitcoin mining farm in Chonburi for tampering with meters to steal electricity. The sophisticated operation caused losses in the millions and raised concerns about monitoring energy theft amid growing crypto-related crimes.
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China’s Tech-Savvy Youth Drives Global Demand for Blockchain Apps, Despite Restrictions
China’s massive, young, and tech-savvy population still drives global demand for blockchain applications despite strict regulatory restrictions.
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Stablecoin Giant Circle Donates 1 Million USDC to President Trump’s Inaugural Committee
Stablecoin firm Circle CEO Jeremy Allaire has announced the firm has donated $1 million USDC to President-elect Donald Trump’s inaugural committee.
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Bitcoin Miner CleanSpark Achieves 10,000 BTC Treasury, Marks 236% YoY Growth
CleanSpark has achieved a major milestone, surpassing 10,000 BTC in its treasury with 236% YoY growth in holdings. Supported by 668 BTC mined in December and operational expansion, the company is now the fifth-largest corporate Bitcoin holder, surpassing Tesla.
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Sonic Integrates Circle’s Bridged USDC as Official Stablecoin
Sonic now supports Circle’s bridged USDC stablecoin through its gateway, connecting Ethereum, Solana, and Fantom. This integration seeks to reduce liquidity fragmentation and enable efficient token-swapping, paving the way for scalable decentralized applications and improved blockchain usability.
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Moscow Bitcoin Selloff: Russia ‘Begins to Sell’ Coins Seized in BTC 1,032 Infraud Haul
Russia has “started” selling the Bitcoin it seized during a 2023 probe into the Infraud hacker group. The move suggests Moscow hopes to trade over BTC 1,000 for fiat.
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Brazilian Financial Regulator Announces Plan to Reform Crypto Tax Laws
The top Brazilian financial regulator has announced a plan to reform the nation’s crypto tax laws.
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Senator Declares ‘DOGE Is Inevitable’ – Will Dogecoin Hit $1?
The Doge Army have infiltrated the US senate through Republican Senator Joni Ernst. Dogecoin creator Billy Markus tweeted a clip of Ernst rounding off a recent speech about Government efficiency by saying “Doge is inevitable!” Markus tweets under the username “Shibetoshi Nakamoto”, a reference to Bitcoin’s pseudonymous creator Satoshi Nakomoto mixed with “Shiba Inu”, the […]
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