In terms of cryptocurrency’s growth, this year was a landmark one. mainstream adoption. The most recent ReportGrayscale Investments published that there was more than One-quarter (26%) of US investors surveyed owned their own property (BTCThis is an increase of 23% from 2020. MagnifyMoney is a financial service provider that offers financial services. Find itAccording to a survey, nearly three-quarters of Americans want cryptocurrency gifts this year.

While crypto’s growth is notable, there has also been an increase in the number of scams associated with digital assets. The Chainalysis blog post highlighting the company’s “2022 Crypto Crime Report” revealed that scams were the dominant form of cryptocurrency-based crimes by transaction volume this year. According to the post, scammers have taken more than $7.7 trillion worth of cryptocurrency from victims around the world. According to Chainalysis’ previous research, this number represents an 81% increase compared to 2020, a year in which scamming activity dropped significantly compared to 2019.