China’s $1.9 Billion Underground USDT Banking Operation Uncovered
Despite China’s stringent regulations against cryptocurrency activities, Chinese traders have continually found innovative ways to leverage digital currencies. This resilience is evident in the recent discovery by Chinese police of…
ShibaSwap Advances with Comprehensive Upgrade on Shibarium Blockchain
ShibaSwap, the decentralized exchange synonymous with the Shiba Inu ecosystem, has launched a significant update, transitioning its operations to the Shibarium blockchain. This move is poised to revolutionize the platform…
Switzerland Moves to Implement Global Crypto Reporting Standards
Switzerland’s Federal Council, the seven-member executive body that governs the nation, has initiated a public consultation regarding the adoption of the Crypto-Asset Reporting Framework (CARF) to align with global standards…
Eclipse Labs Appoints New CEO Following Neel Somani’s Departure Amid Misconduct Allegations
Neel Somani, the founder and former CEO of the Ethereum layer-2 blockchain Eclipse, has stepped down from his role due to sexual misconduct allegations. This development marks a significant leadership…
Mastercard and Standard Chartered Conduct First Live Test of Tokenized Deposits
In a significant advancement in financial technology, Mastercard and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of Mastercard’s Multi-Token Network (MTN). This test was…
Robinhood Introduces SOL Staking for European Customers
Amid ongoing legal scrutiny in the United States, Robinhood is taking strategic steps to broaden its cryptocurrency services by targeting the European market. On May 15, the trading platform unveiled…
Justice Department Charges Brothers for $25 Million Ethereum Heist
In a significant development that has rocked the cryptocurrency world, the U.S. Department of Justice has unveiled charges against two brothers for a sophisticated heist that exploited vulnerabilities in the…
Latest FTX Bankruptcy Twist May Compromise Small Creditors
In a recent twist in the FTX bankruptcy saga, a substantial claim against FTX EU—formerly known as K-DNA Financial Services—has been transferred to FTXcreditor, a move that could both streamline…
Humanity Protocol Valued at $1 Billion Following $30M Funding Round
Humanity Protocol, a decentralized identity solution, has recently achieved unicorn status with a valuation of $1 billion after a successful $30 million fundraising round. This round was led by Kingsway…
Vanguard’s New CEO Confirms No Plans for Bitcoin ETF, Upholding Firm’s Investment Strategy
Salim Ramji, soon to be the new chief executive of Vanguard and the former head of BlackRock’s global ETF business, has confirmed that Vanguard will not deviate from its current…
pSTAKE Finance, Backed by Binance Labs, Unveils Bitcoin Liquid Staking
pSTAKE Finance, a liquid staking protocol supported by Binance Labs, has recently launched a groundbreaking liquid staking solution for Bitcoin, marking a significant advancement in Bitcoin-native decentralized finance (DeFi). This…
Worldcoin Enhances Biometric Security by Open-Sourcing Its Data System
In a significant development for biometric data protection, the Worldcoin Foundation, recognized for its innovative iris biometric cryptocurrency project, has taken a proactive step by open-sourcing its secure multi-party computation…
UN Report: North Korea Funneled $147.5 Million Through Tornado Cash
In a startling development reported by Reuters, entities linked to the North Korean regime reportedly used the privacy-enhancing protocol Tornado Cash to launder approximately $150 million in stolen cryptocurrency in…
Former Biden Adviser Advocates for Education Over Regulation in Crypto Sector Post-FTX Collapse
In the aftermath of the FTX collapse, which led to a staggering $8.9 billion loss for users, Moe Vela, former senior adviser to President Joe Biden and current senior adviser…
Circle’s Strategic Relocation to the U.S. in Preparation for IPO
Circle Internet Financial, known for its operation of USD Coin, the world’s second-largest stablecoin, is shifting its legal base from Ireland to the United States. This move is set against…
Solana Developer Admits to Gambling $300,000 of User Funds
Hoak, a core developer of Cypher Protocol, a Solana-based decentralized exchange (DEX), has publicly admitted to misappropriating nearly $300,000 from user funds and losing them through gambling. In a revealing…
$20 Million Hack Paralyzes Sonne Finance, Hacker Unresponsive to Negotiation Efforts
On the evening of May 14, Sonne Finance, a prominent lending protocol, experienced a severe security breach that resulted in the theft of $20 million in cryptocurrencies. The hack targeted…
Massive Influx of Over 1 Million New Crypto Tokens Since April Marks Industry Boom
The cryptocurrency landscape has experienced a significant boom in token creation, with more than one million new tokens introduced since the beginning of April across various platforms, predominantly on Ethereum…
Deutsche Bank Partners with Singapore’s Central Bank on Pioneering Asset Tokenization Project
Deutsche Bank, the German multinational banking and financial services company, has embarked on a groundbreaking collaboration with the Monetary Authority of Singapore (MAS) to advance asset tokenization. This partnership is…
UK Authorities Shut Down Crypto Academy Over Deceptive Investment Advice
The United Kingdom’s regulatory authorities have taken decisive action against Amey Finance Academy, a crypto training establishment accused of misleading consumers into participating in high-risk, loss-inducing investment schemes, including a…