Report: Illicit Crypto Volumes Hit $51 Billion in 2024
According to a recent report by Chainalysis, the use of cryptocurrency for illicit activities is expanding and is expected to reach a total volume of $51 billion by 2024.
Pump.fun to Face Legal Action From Law Firm
A leading US law firm specializing in cryptocurrency has announced it will be taking legal action on behalf of investors who suffered losses during the launch of the Solana memecoin on the Pump.fun platform.
Robinhood Will Pay $45M to SEC in Penalties
Robinhood Markets has agreed to pay $45 million to settle charges by the SEC for violating record keeping, trade reporting, and other regulations.
Crypto Bank Sygnum Becomes a Unicorn Company
Sygnum, a digital asset bank based in Zug, Switzerland and Singapore, has just completed a successful funding round of $58 million, making it a new “unicorn” in the crypto industry.
Standard Chartered to Offer Crypto Custody Services in EU
Standard Chartered has established a new entity in Luxembourg to provide cryptocurrency and digital asset custody services in the European Union, in response to the increasing demand for digital security.
Survey: More Than 50% of Advisers Will Invest in Crypto
More than half of US-based financial advisers indicated an increased interest in investing in crypto due to Donald Trump’s victory in the 2020 United States presidential election.
Do Kwon’s Victims Could Exceed One Million
US prosecutors believe that more than one million investors from around the world lost around $40 billion in the collapse of Terra-LUNA.
