Report: Crypto Adoption Hits New Milestones — Global Crypto Owners Reached 425 Million in 2022

Crypto adoption achieved new milestones in 2022, with the number of crypto owners reaching 425 million during the year, a new report by Crypto.com shows. Moreover, the report reveals that the number of bitcoin owners reached 219 million in December while…

Darknet Market Solaris Hacked by Competitor, Elliptic Reveals

A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a…

Iran Returns Seized Crypto Mining Equipment to Miners

A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners…

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins and…

Robert Kiyosaki Expects Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer when the Federal Reserve, the Treasury, and Wall Street pivot and trillions of dollars are printed. Robert Kiyosaki Predicts Bitcoin Investors…

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized

The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and…

Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’

On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a…

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’

Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the…

Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App

Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum. Moneygram’s New Crypto Service Moneygram International Inc. (Nasdaq: MGI) announced…