Crypto.com has announced the establishment of a new US -based trust company to offer custody services for digital assets. This development marks an important milestone in the company’s expansion within North America, particularly targeting high-net-worth individuals and institutional clients in the United States and Canada. Known as the Crypto.com Custody Trust Company, the new platform will oversee the secure storage of digital assets for qualified clients. Over the coming weeks, Crypto.com will transition assets for US and Canadian customers to the custody platform, ensuring continuous access to accounts and funds during the process. This move reflects Crypto.com’s confidence in the North American market , as stated by CEO Kris Marszalek. Marszalek highlighted the significance of this step, emphasizing the US and Canada as two of the most crucial markets in the crypto space. The launch aligns with Crypto.com’s strategy to innovate and expand its offerings, solidifying its presence in a rapidly evolving market. Based in Singapore, Crypto.com has been growing its footprint globally. This year has seen significant progress, including securing various regulatory approvals worldwide. The launch of the US trust company follows the acquisition of Watchdog Capital, a US SEC -registered broker-dealer, further strengthening the company’s position in North America. Earlier this month, Marszalek visited President-elect Donald Trump at Mar-a-Lago, signaling Crypto.com’s willingness to collaborate with the upcoming administration . In a related development, the company dropped a lawsuit against the US Securities and Exchange Commission (SEC), which had been filed in October following a Wells notice about potential enforcement action. Crypto.com indicated that withdrawing the lawsuit was part of its effort to work cooperatively with regulators to establish a robust framework for the cryptocurrency industry. Despite regulatory hurdles, 2023 has been a positive year for the company. Notable achievements include becoming the first cryptocurrency sponsor of the UEFA Champions League in August, a move that boosted its global visibility through stadium promotions, broadcast features, and other marketing campaigns. In 2022, Crypto.com secured UK regulatory approval, achieving Electronic Money Institution (EMI) status under the Financial Conduct Authority (FCA). These developments highlight Crypto.com’s ongoing efforts to expand and innovate in the global cryptocurrency market, with a strong focus on North America and Europe.
Bureau of Prison records indicate that former Alameda Research CEO Caroline Ellison’s sentence was also reduced by three months.
Bitcoin transactions have risen significantly over the last two years, and with that increase, private transactions, especially CoinJoin transactions, have tripled. While some attribute the rise of CoinJoin transactions to hackers laundering funds, others point to increasing whale accumulation. The bitcoin market has seen a major shift in the behavior of transactions. So-called CoinJoin private transactions have tripled, according to data from CryptoQuant. However, Chainalysis presents evidence that the surge in CoinJoin transactions has nothing or less to do with illicit activity; it might be part of another trend dominating the Bitcoin ecosystem. Per Chainalysis, crypto hacks have only summed up to $2.2 billion this year. Though this is a great number, it translates to less than 0.5% of the inflows of Bitcoin into Realized Cap for the same period, which stands at $377 billion. BTC whales are privately accumulating CryptoQuant CEO Ki Young Ju said whales are buying Bitcoin through stealth buys, which are surging. The whales normally use privacy-enhancing methods in asset transfers, particularly with new institutional investors. This trend is marked by a massive inflow of Bitcoin to accumulation addresses connected to exchange-traded funds (ETFs), MicroStrategy, and custodial wallets. More than 1.55 million BTC in 2024 alone have entered using these accumulation addresses, which is the greatest testament to the interest of institutions growing in Bitcoin. The whales typically have strong reasons for keeping their transactions private so that large capital flows will neither upset the market prices of such transactions nor reveal identities. The CoinJoin tools are friendly in this aspect and hide the flows of funds in a manner that would otherwise be traceable on the Bitcoin blockchain. Source: CryptoQuant Who are these Whales? While sometimes the market has been kind enough to provide some resemblance of transparency, a significant amount of Bitcoin has not been traced yet. It is estimated that between 240,000 and 420,000 BTC is held by unknown people. So, just who are these whales? These mystery accumulators indicate that there is a division of ownership of Bitcoin. Institutional players like ETFs and companies like MicroStrategy are often given the limelight as they make large purchases. So, that unknown parties are accumulating Bitcoin, reveals that other private investors or institutional entities have a reason not to reveal their positions. It says that major investors are pretty keen on having their portfolios somewhat private so they aren’t getting too much attention in the markets. It’s unique that bitcoin’s ownership is pretty diversified with more big players getting in, such as companies and institutions. However, a lot of them do so secretly, such as with MicroStrategy; most keep it under wraps so no one knows what’s happening. As Bitcoin continues to grow, with all these CoinJoin transactions getting bigger and more institutions jumping in, it shows how this currency is slowly fitting into a more advanced setup. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As XRP sets high targets for 2025, Dogen is exciting investors with a projected 15,900% surge. Table of Contents DOGEN: The dominating alpha meme token XRP: Fast, inclusive, and borderless transactions Conclusion Analysts are buzzing with predictions that XRP may climb to $10 in early 2025 and soar to $35 later that year. At the same time, Dogen is capturing investor interest with forecasts of an incredible 15,900% surge. DOGEN: The dominating alpha meme token DOGEN seeks to be the most powerful and bullish meme token to ever grace the crypto world. Only the boldest, most relentless holders can tame this beast. For those all about dominance, resilience, and winning big, DOGEN is the ultimate ticket. DOGEN doesn’t flinch; it’s built to break barriers and hit all-time highs without slowing down. This is a token for those who thrive under pressure and embrace the tough grind to the top. DOGEN is here to show who’s boss. Fueled by Solana’s lightning-fast blockchain, this meme token is primed to deliver a 700% surge in the months ahead. And that’s just the start. DOGEN’s momentum is aimed at delivering those legendary thousand-fold gains. DOGEN’s loyal holders are earning. With an exclusive airdrop campaign, they can rack up Golden Points and unlock epic rewards. All they need to do is flex social clout, stack tokens during the presale, and recruit a squad with a killer referral link. For every recruit, they pocket 20% of their Golden Points from token buys. But the perks don’t end there. DOGEN’s referral program is next-level, letting investors grab 7% of every token bought by direct recruits (1st level) and even more as the network grows. It’s a system designed for alphas who build, lead, and stack profits like pros. As the next crypto bull run looms, DOGEN holders will be the ones making waves. This isn’t just a community — it’s an exclusive club for those who don’t settle for average. From luxury campaigns to high-stakes perks, DOGEN will give its holders the edge they need to dominate the market. Sleek cars, massive cash piles, and a life of unmatched luxury. That’s the reality for DOGEN holders who know how to play the game and win big. Interested investors can join the DOGEN army via presale. You might also like: Crypto expert behind BONK’s 900% rise predicts DOGEN will hit $5 after historic low XRP: Fast, inclusive, and borderless transactions XRP is a cryptocurrency that operates on the XRP Ledger, a decentralized platform designed for speed, low transaction costs, and global accessibility. XRP offers a borderless payment solution that eliminates the need for traditional bank accounts, making it a highly inclusive financial tool. With its rapid transaction processing, minimal fees, and inclusive framework, XRP remains a compelling option for cross-border payments. In the current market cycle, its unique features and robust ecosystem make it an attractive choice for investors and businesses alike. Conclusion While XRP targets substantial gains by 2025, other coins may present less short-term potential. DOGEN stands out, designed for those seeking luxury and success. Expected to grow 700% by presale’s end with potential thousand-fold returns, DOGEN mirrors successful tokens like BONK, WIF, and Popcat, building a community of leaders and offering real benefits to early adopters. For more information on DOGEN, visit their website , Twitter , or Telegram . Read more: A Christmas miracle: Dogecoin and PEPE holders eye DOGEN for explosive 30,000x growth Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
As XRP sets high targets for 2025, Dogen is exciting investors with a projected 15,900% surge. #partnercontent
Russia is joining the League of Elite Nations to embrace Bitcoin as its Finance Minister, Anton Siluanov recently…
Despite the heightened advancements in blockchain technology and security protocols, 2024 recorded some of the industry’s biggest crypto hacks. An alarming surge in cybercrime overshadowed the industry. Hackers deployed sophisticated methods, exploiting vulnerabilities in private keys, smart contracts, and even unsuspecting employees. By Q3 2024, TRM Labs, a blockchain intelligence firm, reported that over $2.2 billion was stolen in crypto hacks. This figure surpassed the $1.8 billion lost throughout 2023. Here are five of the biggest crypto hacks recorded this year; 1. The $308 Million DMM Bitcoin Crypto Hack In May, DMM Bitcoin, a crypto exchange in Japan, suffered a serious hack as bad actors siphoned 4,500 BTC. At the time, the looted digital assets were valued at over $300 million. Even though experts could not pinpoint how the exploit happened, investigators stated that hackers connected to North Korea used stolen private keys from the exchange. The hack not only crippled the exchange financially, it also left many users without access to their accounts. DMM Bitcoin’s parent company quickly stopped the exchange’s operations and moved user accounts to the rival platform SBI VC Trade. This incident damaged the company’s reputation, marking a reference point for other centralized exchanges worldwide. 2. PlayDapp Hacked Twice: $290 Million Gone Hackers hit PlayDapp, a Decentralized Finance (DeFi) and gaming platform, twice in February. The bad actors targeted and exploited the platform’s key management vulnerability. They looted $290 million in PLA tokens, the platform’s native token. This attack was notorious because the hackers ignored a $1 million bounty offered to return the stolen money. PlayDapp’s efforts to track the stolen funds were unsuccessful, and the missing tokens are still unaccounted for. As a result, the platform’s operations took a hit, as it is struggling to win back the trust of its users. 3. The WazirX Exploit: $235 Million Stolen In June, WazirX, one of India’s largest crypto exchanges suffered a hack, allegedly orchestrated by North Korean actors. A total of $235 million left its vaults, leading the exchange to suspend all withdrawals. Shortly after the attack, reportedly, WazirX sent $75 million of user funds to Bybit and KuCoin, further complicating the situation. WazirX’s parent company, Zettai Pte Ltd, also faced legal issues and asked for a break to sort out its finances. Recovery efforts are still on hold, with affected users still awaiting updates amid the recent Binance delisting of WRX, its native token. 4. Ripple Co-Founder Loses $112.5 Million in Hack In January, Chris Larsen, a co-founder of Ripple, revealed that hackers got into his personal XRP accounts. He mentioned that the criminals stole 213 million XRP, worth $112.5 million at the time. While the crypto hack did not target Ripple, the firm’s executives remain a high target. At the time, ZachXBT, a blockchain investigator, found that the stolen assets were laundered through multiple exchanges. Despite Larsen’s efforts to recover the funds, the stolen crypto remains at largeelusive, raising concerns about personal safety in the crypto world. 5. Hackers Steal $80 Million From Orbit Chain 2024 started with a major crypto hack on the DeFi project Orbit Chain, a cross-chain bridge. Hackers exploited vulnerabilities to drain $80 million of Ethereum (ETH) and DAI. The stolen funds were eventually routed through Tornado Cash, a coin mixer notorious for hiding illicit transactions. Orbit Chain’s team apologized shortly after the breach but has provided little information. This incident highlights the risks of cross-chain protocols and how hard it is to track stolen assets once they are hidden. The post Top 5 Biggest Crypto Hacks of 2024 appeared first on CoinGape .
Why NXQ Tokens Could Revolutionize Cloud Computing and Set New Standards for Crypto Projects Enter the next era of cryptocurrency with NXQ Tokens, the official currency of NexQloud’s cloud computing platform. Tailored for enterprises utilizing Kubernetes for containerized orchestration, this platform is designed to seamlessly meet the needs of modern businesses. Driven by real-world demand and innovative tokenomics, NXQ Tokens offer a compelling opportunity to invest in a tangible, utility-driven asset with significant growth potential. NXQ Token Overview NXQ Tokens are the currency of NexQloud’s decentralized cloud computing network, balancing increasing demand with shrinking supply to drive long-term value. They serve as the utility token distributed to QloudNode operators who provide the specialized hardware required to run the decentralized cloud. Businesses require NXQ tokens to access NexQloud’s services, creating a self-sustaining cycle where token demand and value grow organically. As more enterprises adopt NexQloud’s cost-efficient and environmentally friendly cloud solutions without compromising security or availability, the demand for NXQ Tokens is expected to increase in line with their rising computing needs, projected at a compound annual growth rate of 16.3%. Concurrently, the supply of NXQ Tokens tightens due to a Bitcoin-inspired halving mechanism that reduces daily token distribution every four years. This, combined with increasing competition among QloudNode operators, further restricts token availability, while NXQ’s fixed supply ensures lasting scarcity. Maruo Terrinoni, CEO of NexQloud, explains, “This distinctive blend of increasing demand and limited supply establishes NXQ as a utility-backed token with considerable growth potential, presenting an appealing opportunity for both investors and QloudNode contributors.” NXQ Tokenomics Advantage: Supply and Demand Platform Growth: Every new business onboarded to NexQloud adds to the token demand, creating a cycle of increasing adoption and revenue reinvestment. NexQloud brings a dynamic market presence to the trillion-dollar cloud industry, which is growing at a 16.3% Compound Annual Growth Rate. Enterprise Adoption: Businesses require NXQ tokens to access NexQloud’s decentralized cloud services. As more enterprises switch to NexQloud for its cost-effective and scalable solutions, the demand for NXQ increases. Growing enterprise workloads amplify token usage as companies scale their operations and computing needs. Speculative Interest: NXQ’s proven scarcity model and real-world utility attract crypto investors seeking a stable yet growth-oriented asset. NXQ Supply Decreases Through Scarcity Mechanisms Bitcoin-Inspired Scarcity Mechanism: The total supply of NXQ tokens is capped at 21 million, ensuring a finite asset that becomes increasingly valuable as demand grows. Halving Events: Every four years, the daily token distribution (3600 NXQ tokens daily until 2028) to QloudNode operators is halved, mirroring Bitcoin’s approach to driving value appreciation over time. Increased QloudNode Competition: As more QloudNode operators join the network, competition for daily token rewards intensifies, making NXQ tokens harder to acquire. Fixed Supply: With no ability to mint additional tokens, the token supply remains immutable, safeguarding against inflation. The Supply and Demand Impact This system ensures that as NexQloud scales and enterprise adoption grows, NXQ tokens remain scarce, increasing their value. The result is a predictable scarcity-driven appreciation in token value, offering investors a stable, utility-backed asset with significant long-term growth opportunities. “By aligning our tokenomics with enterprise cloud demand, NXQ delivers a compelling opportunity, blending the best of cryptocurrency innovation with practical, real-world utility,” says Terrinoni. “We are not just creating a decentralized platform; we are influencing a trillion-dollar industry to recognize the real-world impact and long-term value of blockchain technology. Like Bitcoin, NXQ tokens are poised to be a game-changer, driving significant transformation in how cloud services are consumed and provided.” As NexQloud prepares for its launch, the NXQ token system is set to not only reshape the cloud computing landscape but also provide a blueprint for how cryptocurrencies can offer real-world utility and foster significant economic shifts.
Vitalik Buterin’s generous contribution to Thailand’s Khao Kheow Open Zoo has not only made him a benefactor but also an adoptive father to the viral pygmy hippopotamus, Moo Deng. This
Bitcoin price dynamics are under scrutiny as prominent analysts project potential sharp corrections before the crypto regains bullish…