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crypto

Crypto.com's Explosive Growth Reshapes Exchange Rankings

February 20, 2025

Total centralized exchange volume reached $18.83 trillion, the second-highest in five years, though still below 2021’s record of $25.21 trillion. 2021 Marked by Key Events In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% to 39%. Its trading…

Former Employee's Hidden Code Turns Workplace Into Crypto Mine

November 7, 2024

A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of…

Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda

August 22, 2024

While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of…

Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears

August 7, 2024

Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its…

Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion

June 13, 2024

Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto —…

Moonpay Donates $1 Million to Stand With Crypto

May 15, 2024

Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute…

Weekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX

February 6, 2024

In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor emerged as frontrunners, boasting increases from 19.2% to an impressive 39.7%. Conversely, manta…

CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex

January 22, 2024

The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective…

SEC Chair Gary Gensler Warns Spot Bitcoin ETF Approval Isn't BTC Endorsement

January 11, 2024

Amid the excitement surrounding the approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement emphasizing that the regulator did not approve or endorse bitcoin by approving spot bitcoin ETFs.