It’s 3:56 pm of Thursday, 13 February 2025 in Washington, DC, USA and here’s a quick look at the latest happenings in the world of cryptocurrency.
1. HashFlare Founders Plead Guilty in $577M Scam
The co-founders of HashFlare, a crypto mining service, have pleaded guilty to running a $577 million Ponzi scheme. They lied to investors about offering Bitcoin mining services and used new investments to pay off earlier investors.
2. FBI Saves $285M From Crypto Scams
The FBI has saved victims $285 million in a year-long crackdown on crypto scams. The operation targeted fake investment platforms, phishing schemes, and ransomware attacks.
3. AI Drives Rise in Crypto Scams
AI is helping scammers trick people more effectively. A report by Chainalysis shows that AI-related crypto fraud has grown by 1,900% in a year. One scam, called “pig butchering,” where scammers build trust before stealing money, has increased by nearly 40%.
4. Klarna Explores Crypto Integration
Klarna, a popular buy-now-pay-later service, is looking into adding cryptocurrency features. This could make it easier for users to access crypto-based financial services.
5. New York Senate Considers Crypto Task Force
The New York Senate is discussing a bill to create a crypto task force. The group would study how cryptocurrencies affect the state’s economy and suggest regulations.
6. Robinhood Reports Strong Crypto Quarter
Robinhood, a trading platform, had a strong quarter for its crypto division. More retail investors are using the platform to trade cryptocurrencies, showing growing interest in digital assets.
7. SEC’s Crypto Unit Criticized
A former SEC official has criticized the agency’s crypto unit, calling it “dead and buried.” Many in the crypto industry are frustrated with the lack of clear regulations.
8. South Korea Plans to Allow Crypto Trading for Businesses
South Korea is planning to let businesses trade cryptocurrencies. This move could bring more institutional investors into the crypto market.
9. Crypto.com Lists New Tokens
Crypto.com has listed two new tokens: Story Protocol and AI Rig Complex. Story Protocol focuses on decentralized content creation, while AI Rig Complex is tied to AI technology. The market has reacted differently to both listings.
So, these are some of the top news in Crypto world at the moment. For more updates on live prices and more, check Fintechzoom crypto section,
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