FTX Creditors to Decide Between Cash and Crypto for Repayment
FTX, once among the world’s leading cryptocurrency exchanges, has received court approval to present a crucial decision to its creditors: choosing between receiving their recovered funds in cash or in…
Iranian Authorities Criticize ‘Hamster Kombat’ Blockchain Game as a Form of Western Soft Power
The blockchain game ‘Hamster Kombat,’ part of the burgeoning play-to-earn gaming sector, has recently become a focal point of controversy in Iran. Iranian military and religious leaders have sharply criticized…
European Central Bank Issues Initial Update on Central Bank Digital Currency Progress
The European Central Bank (ECB) has published its inaugural progress report on the development of a central bank digital currency (CBDC), as of June 24. This comprehensive update sheds light…
Hut 8 Secures $150M Investment from Coatue Management Amid AI Expansion
In a significant move reflecting the convergence of cryptocurrency and artificial intelligence (AI) technologies, Coatue Management, led by billionaire investor Philippe Laffont, has committed to a $150-million investment into Bitcoin…
Tether Ceases USDT Issuance on Eos and Algorand Blockchains
Tether, the company behind the largest United States dollar-pegged stablecoin USDT, has announced significant changes in its operations by discontinuing the issuance of new USDT tokens on the Eos and…
Report Identifies Coinbase as the Most Impersonated Crypto Brand by Scammers
In the evolving landscape of Web3 security, a recent survey has revealed that the Coinbase cryptocurrency exchange is the most frequently impersonated brand by scammers within the sector. This alarming…
CoinShares Achieves 116% Recovery from Sale of FTX Claim
CoinShares International, a prominent European investment firm specializing in digital assets, recently announced the successful sale of its claim against the bankrupt cryptocurrency exchange, FTX. This milestone is significant as…
SlowMist Alerts to Surge in Phishing Attacks Within TON Ecosystem
The Open Network (TON), a blockchain platform closely associated with the Telegram messaging service, is experiencing a significant increase in phishing attacks, as reported by security experts. This uptick in…
Transaction Fees for Bitcoin and Ethereum Drop to Seven-Month Low
In a stark contrast to the often volatile crypto landscape, Bitcoin and Ether transaction fees have significantly dropped, reaching their lowest points in several months. This change coincides with one…
South Korean Research Institute Advises Caution on Crypto ETFs
The Korea Institute of Finance, a prominent think tank focused on financial and economic analysis in South Korea, has voiced concerns about the potential risks associated with the introduction of…
Japan’s Metaplanet Announces 1 Billion Yen Bond Sale to Acquire More Bitcoin
Tokyo-based investment and consulting firm Metaplanet has unveiled plans to issue bonds worth 1 billion yen (approximately $6.26 million) to fund the purchase of Bitcoin. This decision reflects the company’s…
Ethereum Might Drop 30% Following Spot ETH ETFs Launch, Warns Crypto Venture Capitalist
Ethereum’s value could see a significant drop to around $2,400 following the launch of spot Ether exchange-traded funds (ETFs), according to Andrew Kang, a founder and partner at Mechanism Capital,…
Binance Aids BtcTurk in Cyberattack Investigation, Freezes $5.3 Million in Stolen Funds
Cryptocurrency exchange Binance has reportedly stepped in to assist Turkish crypto exchange BtcTurk in investigating a recent cyberattack that compromised millions of dollars in digital assets. Binance CEO Richard Teng…
Hong Kong Seeks Global Input on Shaping the Future of Web3 and Digital Assets
Hong Kong’s Legislative Council member Johnny NG Kit-Chong announced that the council is actively seeking insights from global industry leaders to formulate policy recommendations and guide discussions on the future…
Blockchain Advocacy Group Voices Privacy Concerns Over IRS’s Proposed Crypto Tax Form
The Chamber of Digital Commerce, a prominent trade association within the blockchain sector, has recently provided comprehensive feedback on the United States Internal Revenue Service’s (IRS) proposed Form 1099-DA. This…
Rapper 50 Cent Alleges Hack of X Account to Push Cryptocurrency Scam
Curtis James Jackson III, globally known as the rapper “50 Cent,” recently revealed that his X account and website were compromised in a cyberattack. This incident saw hackers leveraging his…
Bitcoin Miners Managing Pressures Without Resorting to Extensive Sell-Offs
Despite the rising operational costs and diminishing rewards, Bitcoin miners are not facing a catastrophic situation. Glassnode’s lead analyst James Check, also known by his handle “Checkmatey,” recently shared insights…
Revised Ether ETF Proposals Submitted by Asset Managers Targeting July Introduction
Several prominent asset managers have recently updated their proposals for Ethereum exchange-traded funds (ETFs), signaling a significant move in the crypto investment space. On June 21, leading firms including VanEck,…
Blockchain Association Challenges IRS on New Broker Regulations
The Blockchain Association has reiterated its concerns over the Internal Revenue Service’s (IRS) proposed rules for broker-dealers, emphasizing the excessive burdens these rules would place on investors, cryptocurrency companies, and…
Nigeria’s SEC Introduces Updated Regulations and Compliance Measures for Digital Assets
The Nigerian Securities and Exchange Commission (SEC) has recently announced significant amendments to its rules concerning the issuance, offering platforms, exchange, and custody of digital assets. This move aims to…