Explore the alarming rise of 'pig butchering' cryptocurrency scams affecting victims across all 50 states, with losses reaching $3.9 billion in 2023. Meanwhile, Robinhood's impressive crypto trading growth signals wider retail adoption, and CoinEx earns the title of Best Cryptocurrency Exchange. Plus, new IRS guidance complicates crypto reporting, introducing temporary safe harbor provisions. Stay informed on these pivotal developments in the crypto world with Simply Crypto.

Sources:

https://www.fox10tv.com/2025/02/14/fbi-says-pig-butchering-cryptocurrency-scams-hit-victims-all-50-states/

https://www.forbes.com/sites/digital-assets/2025/02/13/robinhoods-strong-crypto-quarter-signals-wider-retail-adoption/

https://www.globenewswire.com/news-release/2025/02/14/3026459/0/en/CoinEx-wins-Best-Cryptocurrency-Exchange-title-at-International-Business-Magazine.html

https://www.cpapracticeadvisor.com/2025/02/13/new-irs-guidance-on-cryptocurrency-complicates-reporting-but-includes-temporary-safe-harbor/155992/

Outline:

(00:00:00) Introduction

(00:00:43) FBI says ‘pig butchering’ cryptocurrency scams hit victims in all 50 states

(00:03:34) Robinhood’s Strong Crypto Quarter Signals Wider Retail Adoption

(00:07:00) CoinEx wins Best Cryptocurrency Exchange title at International Business Magazine

(00:10:32) New IRS Guidance on Cryptocurrency Complicates Reporting But Includes Temporary Safe Harbor