Weekly Outflows from Crypto Products Reach $726M
According to a recent report by CoinShares, cryptocurrency investment products experienced another difficult week, with a total of $726 million being pulled out.
Crypto Users Lost $5.6B Due to Crypto Scams in 2023: Report
A new FBI report released on Monday has revealed that investors have lost a record-breaking $5.6 billion to crypto-related financial crime in 2023, a sharp increase of 45% from the previous year.
Mastercard Unveils a Non-custodial Crypto Spending Feature
Mercuryo, a platform for crypto payment infrastructure, has announced the launch of Spend in Europe in partnership with Mastercard.
Japan Could Tax Crypto as a Financial Asset
Japan’s Financial Services Agency has suggested the possibility of taxing crypto holdings as financial assets rather than as income.
Swiss Bank ZKB Launches Bitcoin and Ether Trading for Retail Customers
Zürcher Kantonalbank (ZKB), the fourth-largest bank in Switzerland, is now offering retail customers the option to buy, sell, and hold Bitcoin and Ethereum.
Robinhood Settles Charges with California Department of Justice
Robinhood’s subsidiary for trading cryptocurrencies previously prohibited customers from withdrawing the tokens they purchased.
Nexo Resumes Registrations in UK
In accordance with the new guidelines set by the Financial Conduct Authority (FCA), Nexo, a centralized crypto lender, has resumed client registrations for UK residents on Tuesday.
