Bitcounts

The year 2024 proved monumental for spot Bitcoin exchange-traded funds (ETFs), surpassing even the most optimistic predictions. As we enter 2025, experts are projecting even greater success for these financial products, with significant developments on the horizon. 2024: A Record-Breaking Year for Bitcoin ETFs The launch of spot Bitcoin ETFs…

In July 2024, Indian cryptocurrency exchange WazirX faced a devastating $235 million cyberattack, reportedly orchestrated by North Korea’s Lazarus Group. In response, the exchange has implemented a comprehensive restructuring plan to restore operations and compensate affected users. Singapore-Backed Restructuring Plan WazirX’s parent company, Zettai, filed for a moratorium with the…

The U.S. Commodity Futures Trading Commission (CFTC) has proposed a settlement with Gemini Trust Company that, if approved, could help the crypto firm avoid a looming civil trial. Filed on January 6 in the U.S. District Court for the Southern District of New York, the consent order outlines the resolution…

Cryptocurrency adoption takes another leap forward as KuCoin, a leading global crypto exchange, unveils KuCoin Pay. This innovative feature enables merchants to accept payments directly from customers’ KuCoin accounts, simplifying the way crypto is used for everyday transactions. What is KuCoin Pay? KuCoin Pay is a payment tool designed to…

The cryptocurrency market continues to expand, offering a range of innovative projects that provide both short- and long-term profit potential. While Bitcoin (BTC) maintains its dominance, altcoins such as Ethereum (ETH), Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Polygon (MATIC) are gaining traction with cutting-edge technology and unique…

The year 2024 saw an alarming rise in cryptocurrency hacking incidents, with stolen funds surging to a staggering $2.2 billion, marking a 21.07% increase from the $1.8 billion stolen in 2023. This report by Chainalysis highlights the persistent vulnerabilities within the crypto ecosystem, even as it matures. Key Insights from…

Cryptocurrency has been heralded as the future of finance, but as its adoption grows, so does its allure to cybercriminals. According to a recent report by blockchain analytics firm Chainalysis, losses from crypto-related hacks have climbed 21% in 2024, reaching a staggering $2.2 billion. This marks the fourth consecutive year…

Coinbase Legal Chief Responds to $1B Lawsuit Over wBTC Delisting: What You Need to Know In a recent legal battle, Coinbase is facing a significant $1 billion lawsuit from BiT Global Digital, accusing the exchange of anticompetitive practices tied to the delisting of Wrapped Bitcoin (wBTC) in November. This lawsuit…

Ukraine is making strides toward the legalization of cryptocurrencies, with a draft bill expected to be finalized by early 2025. This move, led by Daniil Getmantsev, head of the tax committee of the Verkhovna Rada, aims to regulate digital assets within a structured framework while avoiding tax incentives. Key Highlights…

MicroStrategy, a pioneering corporate Bitcoin holder, continues to cement its position as a major player in the crypto space. Between November 25 and December 1, the company announced it acquired 15,400 BTC for $1.5 billion, funded through a stock sale under its at-the-market (ATM) equity program. The Numbers Behind the…