Xapo Bank Introduces Interest-Earning Bitcoin and Fiat Accounts in the UK
Gibraltar-based Xapo Bank has officially launched its services in the United Kingdom after obtaining a local banking license. This move allows the bank to offer new services tailored for users…
Crypto Investment Products Lose $528M Due to Recession Concerns, Reports CoinShares
A new report by CoinShares highlights a troubling trend in the cryptocurrency market, with significant capital outflows recorded last week, pointing to growing investor anxiety. These outflows coincide with increasing…
Global Market Downturn Leads to Over $1 Billion in Crypto Liquidations
On August 5, the cryptocurrency market experienced a steep decline, contributing to significant financial losses for investors and traders. This downturn was largely influenced by the global economic slowdown and…
Crypto Hackers Capitalize on Ethereum Price Drop with Stolen Funds
The recent plummet in Ethereum‘s price has presented a ripe opportunity for hackers holding stolen funds to make significant purchases at a discount. On August 5, amidst a sharp 20%…
Memecoin Value Surges After Vitalik Buterin Offloads Unexpected Airdrop
On August 4, a relatively obscure memecoin attempted to leverage Ethereum co-founder Vitalik Buterin‘s fame by airdropping 4% of its total supply to him, thereby making him the token’s largest…
Australian Federal Police Investigate 2,000 Compromised Crypto Wallets
The Australian Federal Police (AFP) is currently investigating significant financial losses affecting at least 2,000 crypto wallets owned by Australians, following a widespread phishing scam operation. This probe, dubbed Operation…
Legislation Seeks to Enhance Secret Service Authority in Crypto Crime Investigations
On August 2, Senators Catherine Cortez Masto of Nevada and Charles Grassley of Iowa introduced a significant legislative proposal titled the “Combatting Money Laundering in Cyber Crime Act of 2024.”…
Bitcoin Falls Below $50K as Crypto Market Sees 17% Decline
Bitcoin’s price has recently dipped below the $50,000 mark for the first time since February, touching a low of $49,351 before showing signs of recovery toward the $51,000 level. This…
$500 Billion Vanished: Crypto Experiences Its Largest Three-Day Decline in a Year
The cryptocurrency market has just undergone its most drastic three-day sell-off in nearly a year, erasing approximately $510 billion in total market capitalization since August 2. This significant downturn in…
Galaxy Research Highlights Long-Term Sustainability Challenges for Bitcoin Layer-2 Rollups
A recent report from Galaxy Research has cast doubt on the long-term sustainability of Bitcoin layer-2 scaling networks, specifically focusing on “rollups.” Despite their current popularity and potential to make…
Imminent Update to Enhance Dogecoin Core Reproducibility
Dogecoin, the leading memecoin, is poised for a significant upgrade with the forthcoming release of Dogecoin Core 1.14.8. This update is geared towards enhancing the reproducibility of the compilation process—a…
Prosecutor Seeks Prison Sentence for Crypto.com User After $6.8M Erroneous Transfer
In a bizarre twist of fate, a Crypto.com user, after an accidental transfer of nearly $7 million, faces potential prison time. The incident, which has captured both legal and public…
Ethereum at Critical Support Level, Risk of Falling Below $2,800 Looms
Ether, the second-largest cryptocurrency by market capitalization, is currently perched precariously at a vital support level. Crypto traders are closely monitoring this situation, as a failure to maintain this support…
Digital Chamber Advocates for Senate Support on Lummis’ Bitcoin Reserve Bill
The Digital Chamber, a leading advocate for digital assets in the United States, is actively encouraging US lawmakers to support a groundbreaking bill that aims to integrate Bitcoin into the…
New York Authorities File Charges Against Fraudulent Crypto Recovery Firm
Manhattan District Attorney Alvin Bragg has recently unveiled criminal charges against an individual accused of orchestrating a deceitful cryptocurrency asset recovery business. The charges highlight the ongoing efforts by New…
Crypto.com Outstrips Coinbase in Trading Volume Due to Rising Institutional Interest
Crypto.com has recently overtaken Coinbase in terms of trading volume, marking a significant achievement for the centralized crypto exchange (CEX). According to the latest data from Messari, Crypto.com recorded a…
Nigerian Cryptocurrency Advocates Demand Regulatory Reforms During Protests
Amidst the ongoing #EndBadGovernanceInNigeria protests, the Nigerian cryptocurrency community is advocating for the inclusion of specific industry demands. The movement, aimed at addressing a wide range of governance issues, presents…
EU Regulator Flags Risks with Offshore Crypto Operations Under MiCA Regulation
The European Securities and Markets Authority (ESMA), the key regulator for the EU’s financial markets, has recently issued a detailed Opinion to highlight the risks associated with global crypto firms…
Hong Kong’s Largest Online Broker Launches Bitcoin and Ether Trading for 22 Million Users
Futu Securities International, Hong Kong’s largest online brokerage, has expanded its offerings by launching cryptocurrency trading for its 22 million customers. As of July 23, users based in Hong Kong…
South Korean Crypto Exchanges Face Unexpected Supervisory Fees
In a notable shift for South Korea‘s cryptocurrency industry, major cryptocurrency exchanges such as Upbit, Bithumb, and Coinone will now be subject to supervisory fees under the newly implemented Virtual…