According to BlockBeats, Turkey has implemented new cryptocurrency regulations in the final week of 2024, inspired by proactive regulatory developments in major jurisdictions like Europe. The newly released regulations mandate that users conducting transactions exceeding 15,000 Turkish Lira (approximately $425) must provide their identity information to the country's cryptocurrency service providers. This new anti-money laundering (AML) regulation aims to prevent money laundering and the financing of terrorism through cryptocurrency transactions.

The Binance 2024 Anti-Scam Refund Initiative report highlights the platform's relentless efforts in combating financial scams and protecting its user base. By integrating cutting-edge technologies and empathetic customer service, Binance has set new standards for safety in the cryptocurrency landscape.Key Achievements in 2024:Funds Recovered: $9.1 million returned to scam victims.Losses Prevented: Over $129 million safeguarded through proactive measures.Daily Alerts: Over 15,000 alerts sent to users, warning them of potential risks.Blacklist Expansion: 47,000 malicious addresses flagged and blacklisted.Victim Outreach: 30,000 proactive calls made to potential victims.Four Pillars of the Initiative:Proactive Protection:Global collaboration with authorities.24-hour fund freezes on flagged transactions.Risk alerts are tailored to vulnerable users.24-Hour Safety Net:Temporarily halting suspicious transactions for investigation.Providing users a reporting window to identify scams.Rapid Response Recovery:AI-powered analysis to detect scams instantly.Swift account freezes and detailed investigations.Silent Sufferer Support:Reaching out to victims hesitant to report scams.Guiding them through recovery processes with personalized support.Technology in Action:AI & Machine Learning:Developed over 50 machine learning models tailored to detect scam activities.Implemented 14 major updates to stay ahead of evolving threats. 

According to Foresight News, Cyvers Alerts, a blockchain security monitoring service, has reported that the total losses from hacks and frauds in the cryptocurrency sector have exceeded $6 billion. This marks a 40% increase in overall exploitations compared to the previous year. Access control vulnerabilities were the most significant issue, accounting for 81% of the total losses.

According to PANews, a Shenzhen employee who was laid off after a probationary period received 20,000 yuan in wages and 10,000 yuan in compensation from the company. The employee claimed an additional 25,000 yuan in unpaid virtual currency wages and took the matter to court. The court ruled that the employee's evidence was insufficient and noted that Tether (USDT) is not recognized as legal currency. Consequently, the court ordered the company to pay an additional 10,000 yuan in compensation but dismissed the claim for virtual currency wages. The employee's appeal was rejected, and the original judgment was upheld.

According to PANews, Russian Central Bank Governor Elvira Nabiullina has stated that the institution has no plans to invest in cryptocurrencies. This announcement comes amid ongoing global discussions about the role of digital currencies in national economies and financial systems.Nabiullina's remarks highlight the cautious stance of the Russian Central Bank towards digital assets, reflecting concerns about the volatility and regulatory challenges associated with cryptocurrencies. The central bank's position aligns with its broader approach to maintaining financial stability and protecting consumers from potential risks linked to the crypto market.

According to CoinMarketCap data, the global crypto market cap is $3.23T, an 8.44% decrease over the last day.Bitcoin (BTC) traded between $95,007 and $102,800 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,159, down by 6.36%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include STRAX, ZEN, and CTXC, up by 30%, 14%, and 6%, respectively.Top stories of the day:Bitcoin Dominance Declines as Select Altcoins Gain TractionEl Salvador Increases Strategic Bitcoin Reserves With $1 Million PurchaseGrayscale Opens Sui Trust to Accredited InvestorsIMF: Trump’s Strategic Bitcoin Reserve Plan Awaits Full Evaluation Upon ImplementationBitcoin and Ethereum ETFs Expected to Lead U.S. Crypto Fund Launches in 2025Franklin Templeton Files for Bitcoin and Ethereum Crypto Index ETFTrump Advocates for Abolishing Debt CeilingBitcoin ETFs Surpass Gold in Assets Under ManagementBitcoin Mining Profitability Expected to Continue in DecemberIMF Urges Federal Reserve to Adjust Rate Cuts Based on Economic DataMarket movers:ETH: $3289.45 (-10.49%)XRP: $2.1861 (-7.58%)BNB: $643.74 (-7.74%)SOL: $182.86 (-12.39%)DOGE: $0.29488 (-18.06%)ADA: $0.8278 (-14.62%)TRX: $0.2395 (-9.11%)AVAX: $36.45 (-13.97%)LINK: $21.49 (-13.03%)WBTC: $94921.01 (-6.36%)