asnoucs

@asnoucs

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Wishing everyone a safe and healthy day free from injuries.

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Alongside macroeconomic concerns, the crypto investor sentiment drop was mainly due to the $1.4 billion Bybit hack on Feb. 21, the largest exploit in crypto history.

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Uniswap announced the end of an SEC investigation into the decentralized exchange firm on Feb. 25 — a development that was lauded as a major win for decentralized finance.

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These methods rely on creating an illusion of demand, often through automated trading bots that rapidly buy and sell tokens to inflate prices artificially. This fabricated activity tricks new investors into believing a project has real momentum. A fast-growing green candle and seemingly organic volume draw in new investors with the promise of quick gains.

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Cryptocurrencies with potential exchange-traded fund (ETF) approvals, robust revenue-generating models and sustained investor attention may outperform the rest of the market, Ju said. Still, “The era of everything pumping is over,” he added.

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“Many types of information requests are received, and Kraken has strict policies and procedures to comply with laws and regulations and protect client privacy while supplying data when we have a legal obligation to do so,” the exchange said.

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In the report, Kraken said it provided data for 57% of all data requests in 2024. The requests involved queries for 10,369 total Kraken accounts, most often for clients located in the US, the United Kingdom and Germany.

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The US Securities and Exchange Commission (SEC) — which sued Kraken over the alleged operation of an unregistered exchange in 2023 — represented 1.9% of total US agency requests.

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In the US, the FBI was the top requesting agency, issuing 614 data requests, or 31% of the US requests received by Kraken.

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The report, released on Feb. 19, said Kraken received 6,826 data requests from 71 countries in 2024, marking a significant increase from the previous year. The United States accounted for the largest share of requests, with 1,951 inquiries.

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Hong Kong has expressed its ambition to establish itself as a regional digital assets hub, rivaling Singapore; the city-state has granted at least 30 full licenses to cryptocurrency players.

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The SFC began ramping up its permit approvals in 2024, most recently raising its number to nine by adding YAX and PantherTrade to the city’s formal roster on Jan. 27, marking the first batch of license approvals in 2025.

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Until the final quarter of 2024, HashKey and OSL were the only two crypto trading platforms officially licensed by the SEC.

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The most notable entity flagged by the SEC is JPEX, whose downfall has been likened to an “FTX moment” for Hong Kong after it was accused of a 1.3 billion Hong Kong dollar (around $166 million) fraud affecting 2,000 investors. The scandal erupted when the SFC publicly warned that JPEX was operating without a license despite the platform claiming otherwise.

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The SFC has been tracking suspicious crypto platforms ranging from fraudulent websites and impersonators to unlicensed exchanges since November 2021. As of Jan. 29, the regulator has identified at least 91 suspicious trading platforms and links.

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“HashKey Exchange declares that it has no connection with the aforementioned fraudulent websites,” it said in a notice to its clients.

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HashKey, the second exchange to obtain a crypto license from the SFC in November 2022, reported the suspicious links. The exchange said that the fraudulent websites slightly altered official links associated with the exchange to mislead its clients.

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Hong Kong’s Securities and Futures Commission (SFC) flagged 33 additional suspicious websites masquerading as HashKey, one of the city’s licensed cryptocurrency trading platforms, taking the total number of identified impersonators to 45.

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“We shouldn’t fight to be anonymous. We should fight for consent. Privacy is not about anonymity. Privacy is about consent,” said Rodriguez.

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In a September podcast with Cointelegraph, Privado ID’s chief product officer, Sebastian Rodriquez, said biometric verification doesn’t have to be a privacy nightmare. He also cautioned against equating privacy with anonymity because they’re not the same thing.

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