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…
Crypto Employment Flourishes in Early 2024, Yet Faces a Setback in April Amid Market and Regulatory Fluctuations
The cryptocurrency sector experienced a robust hiring trend in the first quarter of 2024, showcasing quarter-on-quarter growth with leading companies like Coinbase and Binance ramping up recruitment efforts. Despite this…
Vitalik Buterin Quickly Drafts Well-Received Ethereum Wallet Improvement Proposal
A recent technical initiative aimed at enhancing Ethereum wallets encountered some resistance, prompting Vitalik Buterin, the blockchain’s co-founder, to step in with an alternative solution. Remarkably, it took him just…
Peter Thiel’s Founders Fund and Vitalik Buterin Lead $45 Million Funding Round for Polymarket
Polymarket, a prediction market platform utilizing cryptocurrency, is experiencing significant growth during the lead-up to the U.S. presidential election. The platform recently secured $45 million in a Series B funding…
Assessing the Momentum of Bitcoin’s Runes Protocol After Its Initial Surge
The Bitcoin Runes protocol, which enhances the Ordinals protocol by expediting transactions and reducing costs, witnessed an impressive debut following Bitcoin’s fourth halving on April 20. Initially, the protocol captivated…
El Salvador Introduces Live Bitcoin Treasury Tracker, Manages Over $360 Million in BTC
El Salvador, the first nation to adopt Bitcoin as legal tender, has recently unveiled a proof-of-reserves website, enabling real-time monitoring of its Bitcoin reserves using on-chain data. This development represents…
Significant Drop in Bitcoin Mining Difficulty Last Week Marks Largest Since Last Crypto Winter: Bernstein Report
In a notable shift within the cryptocurrency mining industry, Bitcoin (BTC) mining difficulty decreased by approximately 6% last week, marking the most significant decline since the crypto winter of December…