NewsRoom Articles - CryptoCurrencyWire

TuesdayApr 22, 2025 9:00 am

China Unsure How to Deal with Seized Crypto from Criminal Actors

China is grappling with what to do about a growing stockpile of digital currencies confiscated in criminal cases. With cryptocurrency trading banned across the country, local governments are stuck figuring out how to deal with seized assets like Bitcoin. The lack of clear national rules on the matter has led to a mix of ad-hoc responses, which some legal experts warn could lead to shady practices and undermine trust in the system. Attorneys, judges, and law enforcement are now pushing for policy updates to bring consistency to how these digital coins are handled. If successful, such changes could significantly alter…

MondayApr 21, 2025 9:00 am

Critics Say Trump Family is Deepening Its Crypto Interests While Promoting Deregulation

Since Donald Trump returned to the White House, his administration has taken a friendly approach toward the cryptocurrency industry. Regulations have been scaled back, and this has coincided with the rapid rise of a crypto company called World Liberty Financial (WLF)—a firm in which the Trump family holds significant interests. This overlap between political decisions and personal financial gains has raised alarms among watchdogs and members of Congress, especially those concerned about ethics and economic risk. Trump has appointed individuals with strong ties to the crypto world to key roles, including leadership at the Securities and Exchange Commission (SEC) and…

ThursdayApr 17, 2025 9:00 am

Trump Signs Law to Void Expanded IRS Rule for Crypto Brokers

President Donald Trump recently signed a measure overturning a controversial IRS rule that would have expanded the definition of “broker” to include decentralized crypto exchanges. The rule, which the IRS finalized in late 2024 under the Biden administration, was set to take effect in 2026 and faced strong opposition from the crypto industry. It was introduced as part of efforts to tighten tax reporting requirements for crypto transactions, a move stemming from the 2021 Infrastructure Investment and Jobs Act. The regulation required crypto brokers, including decentralized finance (DeFi) platforms, to report user transaction data to both the IRS and asset…

TuesdayApr 15, 2025 9:00 am

The Risks of Crypto Self-Custody Are Increasing for Investors

Deciding whether to invest in crypto long-term is a big move, but figuring out how to store digital assets securely might matter even more. Recent wildfires in California have brought this issue into focus. Some crypto holders shared stories online about losing their Bitcoin after storage devices or metal seed phrase plates were destroyed in the fires. While individual claims can’t always be confirmed, the incident highlights the very real risks of managing your crypto. There are generally two types of crypto storage: cold wallets (offline) and hot wallets (online). The latter, like those offered byBlockchain.com or Coinbase Global Inc.…

FridayApr 11, 2025 9:00 am

Trump Admin Asks Prosecutors to Hit the Brakes on Crypto Enforcement

The federal government is making a significant shift in its approach to cryptocurrency by pulling back federal enforcement efforts and dissolving a unit specifically created to handle crypto-related crimes. A memo from Deputy Attorney General Todd Blanche states that federal prosecutors have been instructed to stop targeting crypto exchanges, offline wallets, and coin mixing services based solely on actions taken by users or unintentional violations of existing rules. According to the memo, the Justice Department (DOJ) will no longer act as a regulator for digital assets. It also announced the immediate dissolution of the National Crypto Enforcement Team (NCET). This…

ThursdayApr 10, 2025 9:00 am

Why the Crypto Market is Continuing to Slide

The cryptocurrency market remained under pressure on Monday, with Bitcoin slipping below $78,000 during early trading in Asia. Data from CoinGecko showed the top 10 digital assets all in the red. Altcoins were hit even harder—XRP, Ethereum, and Solana dropped sharply, falling 15.8%, 17.2%, and 16%, respectively, over the past day. The downward trend wasn’t limited to crypto. Asian markets also took a hit, with Japan’s stock market extending its decline, now down 8.5%, marking its weakest point since October last year. U.S. futures hinted at a 4% decline, and European stocks also slipped as investors shifted toward safer assets,…

TuesdayApr 08, 2025 4:13 pm

Bitcoin Events is Excited to Announce That the Highly Anticipated Strategic Bitcoin Reserve Summit is Just One Week Away!

Taking place virtually on April 15, 2025, this pioneering event will unite global financial leaders, policymakers, and industry pioneers to explore the transformative role of Bitcoin reserves in institutional finance. The summit features two distinguished keynote speakers who will address pivotal topics central to the emerging discourse on strategic Bitcoin reserves: Dr. Saifedean Ammous, renowned economist and author of The Bitcoin Standard, will deliver a keynote titled “The Evolution of Bitcoin”, exploring Bitcoin’s remarkable journey and its potential future as a global reserve currency. Prof. Dr. Naseem Naqvi, Founding President of The British Blockchain Association, will present “Bitcoin and Geopolitics:…

TuesdayApr 08, 2025 9:00 am

Expert Warns That North Korean Crypto Hackers Are Exploiting Operational Security Vulnerabilities

The “ClickFake” campaign from North Korea is bringing cybersecurity risks in the cryptocurrency space to light once more. However, security experts say that human error, not flawed smart contracts, is the greatest threat to Web3. According to Oak Security managing director Jan Philipp Fritsche, many blockchain teams fail to implement basic cybersecurity procedures. Fritsche, who formerly worked as an analyst at the European Central Bank, believes that inadequate device management, a lack of access controls, and dangerous authorization handling are the main problems, rather than coding. The “ClickFake Interview” scheme, led by North Korea’s hacking group, Lazarus, targeted not just…

FridayApr 04, 2025 9:00 am

Trump Tariffs Rattle Crypto Market, $130 Billion Wiped Out

Last week, the cryptocurrency market saw a sharp decline, shedding more than $130 billion in value as investors braced for the impact of new tariffs introduced by U.S. President Donald Trump. The measures, tagged “Liberation Day,” are set to take effect this week and will raise duties on a wide range of imported products. Bitcoin felt the pressure of economic uncertainty, slipping below the $82,000 mark. The digital currency has now lost seven days in a row, mostly due to worries over the wider ramifications of Trump’s trade plans. The concurrent drop in stock futures in the U.S. has only…

ThursdayApr 03, 2025 9:00 am

How Crypto Hackers Are Exploiting Small Mistakes Dubbed Typosquatting

As cryptocurrencies gain mainstream traction, cybercriminals continue to develop new tactics to exploit unsuspecting users. One increasingly common tactic is typosquatting, also known as domain mimicry or URL hijacking. This deceptive practice involves cybercriminals registering domains that closely resemble legitimate cryptocurrency platforms, tricking users into visiting fake websites. These fraudulent sites often lead to stolen credentials, malware infections, and financial losses. For example, someone intending to visit “coinbase.com” might accidentally type “coinbsae.com,” unknowingly accessing a fraudulent site that mimics the original. The fraudulent pages often prompt users to enter login details or private keys, putting their assets at risk. Some…