Major Swiss Bank ZKB Initiates Trading Services for Bitcoin and Ether
Zurich Cantonal Bank (ZKB), one of Switzerland’s largest banking institutions, has officially launched cryptocurrency trading and custody services, broadening its financial offerings to include Bitcoin and Ether. This move marks…
AI-Powered Deepfake Scams Intensify in Crypto Sector During Q2 2024
According to a recent report by Gen Digital, the parent company of prominent antivirus firms Norton, Avast, and Avira, the use of artificial intelligence (AI) in crafting deepfake videos for…
South Korea Intensifies Inspections of Crypto Exchanges for Suspicious Activities
South Korea’s financial regulator, the Financial Supervisory Service (FSS), is set to initiate a comprehensive inspection of virtual asset exchanges to detect and deter suspicious or illegal transactions. This move…
Magic Eden Leads in NFT Trading Volume, Outpacing Blur and OpenSea
Magic Eden has emerged as the leader in non-fungible token (NFT) trading volume, claiming the largest market share in August and surpassing its main competitors, Blur and OpenSea. This achievement…
X Adheres to EU Regulations, Halts AI Chatbot Data Usage
The European Union‘s scrutiny of the social media platform X concluded successfully after the platform pledged compliance with the mandates set forth by the European Data Protection Commission (DPC). As…
Monochrome Asset Management Poised for Success with Australia’s First Direct Ether ETF Filing
Jeff Yew, CEO of Monochrome Asset Management, expressed confidence in the appeal of the Ether ETF to potential investors, particularly highlighting the ETF’s in-kind subscription model. This model allows investors…
FBI Issues Alert on North Korean Social Engineering Tactics to Steal Cryptocurrency
The United States Federal Bureau of Investigation (FBI) has recently highlighted an ongoing threat posed by North Korean cyber actors who are targeting employees of digital asset firms, particularly those…
SEC Files Charges Against Galois Capital for Improper Custody of Crypto Assets with FTX
On September 3, the U.S. Securities and Exchange Commission (SEC) announced charges against Galois Capital Management for failing to adhere to proper asset custody protocols, specifically in relation to holding…
Crypto Platform Nexo Resumes UK Registrations Following 10-Month Compliance Pause with FCA Regulations
After a 10-month hiatus, Nexo has resumed new user registrations in the United Kingdom, following a comprehensive update to align with the Financial Conduct Authority’s (FCA) regulatory guidelines. This strategic…
21.co Introduces Bitcoin Wrapper on Ethereum Blockchain
21.co, the parent company of cryptocurrency asset manager 21Shares, announced on September 3rd the launch of its own Bitcoin wrapper, 21.co Wrapped Bitcoin (21BTC), on the Ethereum blockchain network. This…
Transition from Crypto Mining to AI Data Centers Faces Significant Challenges
As Bitcoin mining companies explore diversifying their operations into data centers for artificial intelligence (AI) and high-performance computing (HPC) to enhance revenue streams, the complexities and high costs associated with…
Former Mt. Gox CEO Mark Karpeles to Unveil New EllipX Crypto Exchange in Europe
Mark Karpeles, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, is set to launch a new crypto exchange named EllipX this September. Based in Poland, EllipX will initially…
WazirX Hacker Transfers $6.5 Million in Crypto to Tornado Cash
A wallet address linked to the hacker responsible for the theft of over $235 million from the Indian cryptocurrency exchange WazirX has recently conducted significant transactions involving a notorious crypto…
Matter Labs CEO Announces Company Restructuring and Workforce Reductions
Alex Gluchowski, CEO and co-founder of Matter Labs, disclosed significant changes within the organization on September 3, including a restructuring effort and a 16% reduction in the workforce. Matter Labs,…
Riot Platforms Advocates for Bitfarms Board Revisions Prior to Key October Meeting
Riot Platforms, holding a significant stake in Bitfarms, has publicly called for further changes to the board of directors of the cryptocurrency-focused company, Bitfarms. This call comes ahead of an…
Arthur Hayes Analyzes Impact of Fed Rate Cuts on Bitcoin Prices
Arthur Hayes, the co-founder and former CEO of BitMEX and current Chief Investment Officer at Maelstrom, recently shared insights on why anticipated interest rate cuts by the U.S. Federal Reserve…
FTC Reports 1,000% Increase in Bitcoin ATM Scams Since 2020
The Federal Trade Commission (FTC) has revealed a dramatic tenfold increase in scams involving Bitcoin ATMs since 2020, highlighting the vulnerabilities associated with the anonymity and rapid transaction capabilities of…
August Reports a 215% Increase in Crypto Phishing, Including a $55 Million Loss from a Single Attack
The frequency and severity of cryptocurrency phishing attacks have dramatically increased, with August witnessing a surge of over 215%, highlighted by a significant incident that resulted in a $55 million…
Binance CEO Decries ‘Inhumane’ Treatment of Gambaryan Following Disturbing Video Release
A newly released video has brought to light the severe conditions faced by Tigran Gambaryan, a Binance executive detained in Nigeria, sparking widespread outcry and intensified demands for his release.…
Ripple’s Chief Legal Officer Criticizes SEC’s Use of ‘Crypto Asset Security’
Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has openly criticized the United States Securities and Exchange Commission (SEC) for its continued use of the term “crypto asset security,” which he…