• Crypto crime near $2B 2020
    Cryptocurrencies,  Regulation

    Crypto crime near $2B in 2020, but still down 57% from 2019

    Blockchain analytics firm CipherTrace’s annual report said DeFi became ‘the next major threat vector for fraud and money laundering.’

    One reason for that decline is that while the number of incidents of thefts, hacks, and fraud remained largely the same, the take by criminals in 2019 was 160% higher than in 2020. This indicates growing “maturity in the crypto space as entities continue to harden systems and take precautions against inside and outside threats,” the report said.

  • binance survey crypto
    Cryptocurrencies,  People

    Binance Survey: Crypto buyers 4x more likely to regret missed opportunity

    The study also revealed that more than half bought crypto as part of a long-term investment strategy, 38% bought in because of their distrust of the current financial system and 27% because of fear of missing out

    Furthermore, the study also revealed that more than half—55%—bought crypto as part of a long-term investment strategy, 38% because of their distrust of the current financial system, and 27% because of fear of missing out, or FOMO.

  • Yellen crypto only curtail malign activities
    Cryptocurrencies,  People,  Regulation

    Janet Yellen clarifies crypto stance: Only wants to curtail ‘malign activities’

    ‘I think it important we consider the benefits of cryptocurrencies and other digital assets,’ the pick for U.S. Treasury Secretary says

    The former U.S. Federal Reserve chair said that she wanted to “curtail” the use of digital assets—amid concerns that it could be used for money laundering and the financing of terrorism. But in a written submission to the Senate Finance Committee, Yellen’s approach to Bitcoin and other digital assets seemed to be a little softer.

  • Celsius reaches $5.3B assets
    Cryptocurrencies

    Crypto lender Celsius Network reaches $5.3B in assets, up 10x in 12 months

    Alex Mashinsky’s DeFi firm saw massive growth amid the recent bull market, calling crypto’s maturation a further growth driver

    “The crypto industry as a whole grew substantially in 2020,” said Celsius Network's CEO Alex Mashinsky. “As we see record numbers of institutions and retail users entering the space, they are looking for a store of value and yield to protect their assets from the debasement of the U.S. dollar."