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Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round
17.5.2024
Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin lending market. The round, which also had the participation of Binance Labs, Flow Traders, Trust Machines, and others, seeks to allow bitcoin holders...
Juno Addresses Banking Service Disruption — ‘This Is Outside Our Control’
17.5.2024
Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with...
Memecoin launcher pump.fun claims ex-employee behind $1.9M exploit
17.5.2024
Pump.fun said its smart contracts are safe and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours
DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn
17.5.2024
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s...
$25M Sophisticated Ethereum Blockchain Exploit Leads to Arrests in US
17.5.2024
The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they manipulated transactions and concealed their...
'Crypto King' Aiden Pleterski faces fraud, money laundering charges
16.5.2024
Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation
Andrew Tate Plans to Invest Big in Bitcoin, Leaving Fiat Completely
16.5.2024
Andrew Tate, a British-American social media personality and former professional kickboxer, has announced a plan to invest significantly in bitcoin, expressing frustration with banks and their scams. “I’m about to leave fiat completely,” he stressed. “I’m done...
Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit
16.5.2024
Pump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,”...
US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms
16.5.2024
The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from President Joe Biden. Last week, the White House...
As TRUMP Coin Surges Over 100% in a Month, Trump’s Crypto Wallet Swells in Value
16.5.2024
Over the past week, the meme coin known as maga (TRUMP) has increased by more than 45% against the U.S. dollar, and over the past day, the TRUMP token has climbed more than 7%. Statistics reveal that this rise in value has boosted former U.S. President Donald Trump’s cryptocurrency holdings...
Bitcoin Magazine CEO: A Trump Victory Will Trigger a Bitcoin ‘Space Race’
16.5.2024
David Bailey, CEO of Bitcoin Magazine and crypto aide for the Trump campaign, believes that Trump’s victory in the upcoming election could trigger a bitcoin ‘space race,’ as countries rush to accommodate their policies to align with the U.S. Bailey also stated that they have...
India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban
16.5.2024
The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator approach to oversee cryptocurrency trading. In contrast, the Reserve Bank of India (RBI) seeks a stablecoin ban.
The post India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban appeared first...
El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy
16.5.2024
El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5...
Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing
16.5.2024
Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing...
Crypto Custody for Advisors
16.5.2024
Financial advisors seeking to navigate the crypto custody landscape must understand the full spectrum of crypto custody options, balancing innovation with risk management to optimize client portfolios
Crypto VCs are back in action amid market rally
16.5.2024
Series funding rounds have sprung back, albeit still remaining well below their all-time highs of $4.5 billion in monthly deals during the previous crypto market cycle
Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings
16.5.2024
According to 13F filings with the U.S. Securities and Exchange Commission (SEC), Millennium Management, a highly successful hedge fund, holds nearly $2 billion in spot bitcoin exchange-traded fund (ETF) shares. This week, it was further revealed that Morgan Stanley, a giant multinational investment...
US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday
16.5.2024
U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero inflows over the past few trading sessions....
Regulatory crackdown spawns anti-SEC 'CultureCoin'
16.5.2024
Creators of NotWifGary aim to "stand [their] ground against Gary Gensler and the SEC" in support of Ethereum and open-source developers
USDC Stablecoin Issuer Considers Moving Legal Home From Ireland to US
16.5.2024
Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and Development’s (OECD) proposal for a minimum tax of 15% on...