#crypto

Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.

Brad Garlinghouse, CEO of Ripple, foresees an increase in cryptocurrency ETF approvals in 2024, especially in the wake of the SEC's recent green light for a spot Bitcoin ETF.

The parents of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX (Joseph Bankman and Barbara Fried), are refusing to give back assets received from their son. They've requested the court to dismiss the lawsuit filed by the company, asserting their ignorance of any fraudulent activities and claiming that the exchange is unjustly trying to confiscate their property.

The South Korean government intends to establish specific regulations targeting cryptocurrency mixers, which are used to obscure the origin of digital assets. This initiative is driven by the challenges these services pose in tracking money laundering conducted by criminal organizations.

Crypto company Telcoin has completely compensated its users for losses ($1.2 million) incurred from an application breach at the end of 2023 due to a technical vulnerability. The issue originated from a flawed Polygon wallet implementation, but it did not compromise administrative keys.

The European Council and Parliament have tentatively agreed to bring the cryptocurrency market under the purview of EU anti-money laundering (AML) and anti-terrorism financing laws.

A recent CoinGecko study reveals a startling fact: over 50% of cryptocurrency projects (14,039), listed on the platform since 2014, have faced failure. The vast majority of these setbacks (more than 70%) occurred between 2020 and 2022, largely attributed to the ease of deploying tokens and the craze around meme coins.

Crypto project Injective (an L1 blockchain) has rolled out a substantial upgrade for its mainnet, dubbed Volan. This update is designed to boost scalability and compatibility and includes a host of additional enhancements.