Coinroot Archives

In a surprising and selective response to the Financial Intelligence Unit’s (FIU) recent crackdown on cryptocurrency exchanges, major players like Binance, Kucoin, and OKX have been removed from the Apple iOS Store, while remaining accessible on the Google Play Store. This partial delisting follows the FIU’s directive that these and other global exchanges were operating […]

In a dramatic turn of events that left the cryptocurrency world in shock, the price of Bitcoin experienced a rapid surge and subsequent fall after the U.S. Securities and Exchange Commission (SEC) announced an unauthorized approval of a Bitcoin exchange-traded fund (ETF) on the social platform X, formerly known as Twitter. The events of the […]

TL;DR In December 2023, crypto losses totalled $103.88M across 32 attacks, a 59% decrease compared to the previous month. The 2023 yearly loss amounted to $1.77B from over 440 hacking incidents, showcasing the prevalent vulnerability in the crypto space. Rug pulls and smart contract vulnerabilities contributed to being the prime contributors, constituting 21%, and code […]

Blockchain technology, a revolutionary digital ledger system, has witnessed exponential growth since its inception. Initially conceptualized to support cryptocurrencies like Bitcoin, it has evolved into a foundational technology influencing various industries. The global blockchain market, valued at $11.14 billion in 2022, is projected to reach an astounding $469.49 billion by 2030. This growth trajectory is […]

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Source: spaxiax/Adobe South Korean police have apprehended an individual suspected of engaging in fraudulent activity through an over-the-counter (OTC) crypto exchange. Authorities in the town of Icheon, Gyeonggi Province, disclosed that they had arrested a man in his 20s on charges related to theft. The suspect allegedly deceived a victim into thinking they were engaging […]

Source: promesaartstudio/Adobe Starting in February, approximately 290,000 public sector employees in South Korea will be required to disclose their cryptocurrency holdings. According to Maeil Kyungjae, the Ministry of Personnel Management has announced that the regulation will also be applicable to the spouses and immediate family members of employees. The progression comes after a recent ministry […]

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The Directorate of Enforcement arrested Nitin Gaur, who is Ajay Bhardwaj’s brother-in-law, under the Prevention of Money Laundering Act (PMLA). The Directorate of Enforcement (ED) arrested Nitin Gaur, the brother-in-law of Ajay Bhardwaj, in connection with a Rs 6,606 crore cryptocurrency case involving M/s Variable Tech Pte Ltd and its promoters in the GainBitcoin Ponzi […]

Coin Center’s executive director, Jerry Brito, has expressed that complying with the cryptocurrency tax reporting guidelines set for 2024 remains ambiguous. Key elements of the infrastructure bill signed by U.S. President Joe Biden are now operational. This includes mandates that digital asset transactions exceeding $10,000 be reported to the IRS. The bipartisan bill, approved by […]

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Seven of the 13 applicants for spot Bitcoin ETFs filed revised S-1s with the SEC on the day of the deadline. An official decision is expected by Jan. 9, and trading should begin around Jan. 11. If a launch is approved, issuers may be notified as soon as Jan. 3. The hopefuls in the race […]

CryptoQuant data shows that after a large amount of withdrawals this week, the Bitcoin reserves of cryptocurrency miners have dropped to the lowest point since May. This indicates that selling pressure is increasing, as miner reserves measure the amount of tokens held in subsidiary miner wallets, which may signal the prelude to selling as tokens […]

Tag: Coinroot

Crypto Shake-Up: Apple iOS Drops Top Exchanges, Google Play Unfazed

Unauthorized SEC Announcement Sends Bitcoin on a Rollercoaster Ride

December Month Hacks Adds To 2023’s $1.77B Crypto Loss

Wakaru: Navigating the Future of Blockchain Innovation

South Korean police detain a suspected OTC crypto thief.

Forced to Declare Crypto Holdings, 290,000 South Korean Public Sector Employees

Probe agency ED apprehends individual in cryptocurrency scam exceeding Rs 6,000 crore.

Starting in 2024, IRS Mandates Reporting of Crypto Transactions Over $10K

Invesco Galaxy, Bitwise, WisdomTree, Fidelity join BTC ETF revision rush

Bitcoin miner reserves fall to approximately 1.832 million BTC, lowest since May

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.