Prisma Finance Suffers $10 Million Cryptocurrency Breach
The decentralized finance (DeFi) landscape was shaken on March 28, when Prisma Finance fell victim to a cyber-attack, resulting in the loss of approximately $10 million in cryptocurrencies. The breach…
Indonesia Introduces Regulatory Sandbox for Crypto Asset Innovation
The Indonesian Financial Services Authority (OJK) has announced a significant move towards embracing innovation within the financial sector, particularly focusing on crypto assets. As part of its strategy to foster…
Could the Upcoming Bitcoin Halving Mark the Conclusion of Its 4-Year Market Cycle?
As the Bitcoin community stands on the precipice of the fourth halving event in April 2024, the air is thick with anticipation. Speculation abounds regarding the potential for unprecedented highs…
Sam Bankman-Fried Receives 25-Year Prison Term for Cryptocurrency Fraud
In a landmark ruling that has sent ripples through the cryptocurrency world, Sam Bankman-Fried, the architect behind the now-defunct FTX exchange, has been sentenced to a quarter-century behind bars. The…
Misyon Bank Partners with Taurus for Bitcoin and Digital Asset Services in Turkey
Misyon Bank, a trailblazer among Turkey‘s neobanks and a notable entity in investment banking, is broadening its horizons into the digital assets domain, including cryptocurrency custody and asset tokenization. This…
Coinbase Transfers USDC Balances to Base for Enhanced Settlement and Lower Fees
Coinbase, a leading cryptocurrency exchange, is set to transition a significant portion of its customer and corporate holdings of the USD Coin (USDC) stablecoin to Base, its proprietary Ethereum layer-2…
Potential Impact of Reduced ETF Demand and Unrealized Gains on Bitcoin Selling Pressure After Next Halving
The cryptocurrency market is approaching a critical juncture as the next Bitcoin halving event looms on the horizon. This period is marked by a potential shift in market dynamics, driven…
South Korean Authorities Apprehend Duo Behind $4.1 Million Cryptocurrency Scam
In a significant crackdown on cryptocurrency fraud, the South Korean police have successfully apprehended two individuals responsible for defrauding a senior citizen of 5.5 billion won ($4.1 million) under the…
Shift in Bitcoin Mining Landscape Due to Institutional Investment: Insights from a Report
The landscape of Bitcoin mining has undergone a significant transformation, with institutional capital investment in public Bitcoin mining companies reshaping the ecosystem. This shift has introduced challenges for individual and…
Bitdeer Navigates Financing Discussions with Private Lenders for Expansion
Bitdeer Technologies Group, a significant player in the cryptocurrency mining sector, is currently in negotiations with private credit entities to secure approximately $100 million in funding, according to sources familiar…
Tether Initiates Formation of AI Division and Launches Hiring Campaign
Tether, the entity behind the issuance of the foremost stablecoin globally, is venturing into the realm of artificial intelligence (AI) with the creation of a dedicated department. This move is…
Reddit Sparks Revival of Meme Stocks Amid Wider ‘Bull Market in Everything’ Phenomenon
In 2021, Reddit became the epicenter of a meme stock frenzy that captured the world’s attention. Fast forward to now, and it appears history is echoing itself as Reddit’s own…
Philippines Imposes Access Restrictions on Binance Exchange
In a significant move, the financial oversight authority of the Philippines has announced its decision to restrict local users’ access to Binance, recognized as the preeminent cryptocurrency trading platform globally.…
Ongoing Efforts in Hong Kong to Combat Illegitimate Cryptocurrency Exchanges
In a recent move to bolster the integrity of its financial market, the Securities and Futures Commission of Hong Kong (SFC) has raised alarms about HKCEXP, a trading platform that…
Escalating Legal Drama: Binance Official Eludes Nigerian Custody Amid Tax Evasion Allegations
In a turn of events that reads like a thriller, a Binance executive, entangled in legal challenges in Nigeria, has purportedly escaped detention. This development unfolds against the backdrop of…
Preparing for the Bitcoin Halving: Refurbishing and Shipping Mining Machines Overseas
Crypto miners are gearing up for the highly anticipated bitcoin halving event scheduled for next month, which will reduce their rewards for adding new tokens to the blockchain. As a…
Hesitation to Sell Bitcoin Despite Record Prices, According to Analysts
In the realm of cryptocurrency, the value of Bitcoin (BTC) recently escalated, surpassing the $70,000 mark and setting a new record. Despite this financial milestone, the actual economic activity within…
Solana’s Froganas and Howdy Hats Dominate NFT Sales
The Solana blockchain’s non-fungible token (NFT) ecosystem witnessed a significant uptick in activity, particularly with the Froganas collection experiencing a dramatic 111.88% surge in sales, amounting to US$1.16 million. This…
ParaSwap Initiates Crypto Refunds After Critical Smart Contract Bug
ParaSwap, a decentralized finance (DeFi) aggregation platform, has successfully initiated the process of returning cryptocurrency assets to users, following the rectification of a critical vulnerability in its recently deployed Augustus…
BlackRock’s Bitcoin ETF on the Verge of Surpassing Grayscale’s GBTC in Holdings
In an unfolding narrative within the cryptocurrency investment sphere, BlackRock‘s spot Bitcoin ETF is positioned to potentially eclipse Grayscale’s Bitcoin Trust (GBTC) in total Bitcoin holdings. This development, underscored by…