Americans lost over $5.6 billion to cryptocurrency fraud schemes in 2023, with investment fraud accounting for the majority of losses, according to the FBI (PDF). The Associated Press reports: The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies, according to Read more…
To make America the “crypto capital of the planet,” former U.S. President Donald Trump promised crypto-friendly policies, writes Politico, which “could have a new beneficiary: his own family.” Trump has vowed to enact an array of pro-crypto policies in a bid to win votes — and campaign cash — from Read more…
Former President Donald Trump is about to launch a crypto platform called “The DeFiant Ones,” according to a post of his on Truth Social. “For too long, the average American has been squeezed by the big banks and financial elites,” Trump wrote. “It’s time we take a stand — together.” Read more…
US presidential candidate, Robert F. Kennedy Jr., announced during his keynote Friday at the Bitcoin Conference that he would direct the US government to buy Bitcoin until the size of its Bitcoin reserves matched its gold reserves. At current prices, that equates to $615 billion worth of gold. RFK Jr. Read more…
A secret cryptomining rig was found under the floors of a Polish court, stealing thousands of Polish Zlotys worth of energy per month (the equivalent of roughly $250 per 1,000 Zlotys). It’s currently unknown how long the rig was running because the illegal operation went undetected, partly because the computers Read more…
Republican presidential candidate Vivek Ramaswamy revealed a crypto plan today that aims to protect core aspects of the industry, including software developers and unhosted digital wallets. Republican presidential candidate Vivek Ramaswamy has a message for most of the employees at the U.S. Securities and Exchange Commission (SEC) if he’s elected Read more…
The UK government confirmed plans to regulate cryptoasset activities more strictly, bringing them under the same regime as traditional financial services. The government intends to proceed with legislation in 2024 to implement the changes, according to a Treasury announcement on Monday, responding to a consultation it launched earlier this year. Read more…