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Volta Raises $4.1 Million in Seed Funding For Institutional Platform
3.5.2024
Volta secures $4.1 million in seed funding to develop a platform Volta Circuit aimed at improving security and control for institutional investors managing digital assets.
The post Volta Raises $4.1 Million in Seed Funding For Institutional Platform appeared first on Cryptonews
Reps. Nickel and Flood Advocate for SEC Approval of Options on Spot Bitcoin ETFs
3.5.2024
US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay.
The post Reps. Nickel and Flood Advocate for SEC Approval...
ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent
3.5.2024
Ethereum Name Service files a petition with the USPTO to challenge the validity of a patent held by Unstoppable Domains, alleging misuse of open-source technology.
The post ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent appeared first on Cryptonews
Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror
3.5.2024
Paragraph secures $5 million in funding round from Union Square Ventures and Coinbase Ventures to take over the stewardship of the web3 blogging platform Mirror.
The post Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror appeared first on Cryptonews
MoonPay Expands Crypto Trading Options with Integration of PayPal Transactions
2.5.2024
The partnership enables users to buy and sell over 100 cryptocurrencies, including Bitcoin and Ethereum, using PayPal transfers via wallet, bank transfers, or debit cards.
The post MoonPay Expands Crypto Trading Options with Integration of PayPal Transactions appeared first on Cryptonews
Hundred Finance Hacker Transfers Stolen Funds After A Year Of Inactivity
2.5.2024
Following a year of inactivity, the hacker known as Hundred Finance, who was behind the $7.4 million cryptocurrency theft, reappeared on May 1 and began transferring cryptocurrency assets out of Curve's decentralised exchange.
The post Hundred Finance Hacker Transfers Stolen Funds After A Year...
US Imposes Sanctions on Crypto Addresses Linked to Russian Drone Maker
2.5.2024
The Office of Foreign Assets Control (OFAC) of the US Treasury launched an action against a developer at OKO Design Bureau, a drone manufacturer with headquarters in Russia, on May 1. Three crypto addresses connected to the developer were added to the Specially Designated Nationals (SDN) list...
Binance Nigeria Executives’ Money Laundering Trial Pushed To May 17
2.5.2024
The Binance Nigerian money laundering trial against the crypto exchange and its two executives, Nadeem Anjarwalla and Tigran Gambaryan, has been postponed to May 17, Thursday media reports confirm.
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Senator Cynthia Lummis Slams DOJ For “Hyper-Aggressive” Crypto Stance On Self-Custody Wallets
2.5.2024
Senator Cynthia Lummis (R-WY) is slamming the U.S. Department of Justice (DOJ) for its stance on self-custody wallets, according to a Wednesday post from Lummis’ official X account. Lummis' condemnation comes on the heels of the U.S. government pressing unlicensed money-transmitting charges against...
Ex-Starknet and Yuga Labs Execs Join Kraken-backed $100M L1 Nibiru Chain
2.5.2024
Nibiru Chain, a $100 million Layer 1 blockchain, has announced two senior hires from Yuga Labs and Starknet Asia as part of its Asia expansion.
The post Ex-Starknet and Yuga Labs Execs Join Kraken-backed $100M L1 Nibiru Chain appeared first on Cryptonews
BitNote debuts on Avalanche with secure note encryption
2.5.2024
The recent appearance of BitNote on the Avalanche C-Chain is a significant foray into blockchain research, given that it is one of the novel technologies. Such a unique and groundbreaking dApp is setting new and different rules for handling personal information and security in motion. It ensures...
Web3 Lost Over $53 Million to Hackers in April 2024, $401 Million YTD – Immunefi
2.5.2024
In April 2024, Web3 lost over $53 million through 21 incidents, a 46% decrease from the previous period.
The post Web3 Lost Over $53 Million to Hackers in April 2024, $401 Million YTD – Immunefi appeared first on Cryptonews
FBI Busts $43M Crypto and Las Vegas Hospitality Ponzi Scheme
2.5.2024
The FBI arrested New York resident Idin Dalpour for defrauding investors of $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation.
The post FBI Busts $43M Crypto and Las Vegas Hospitality Ponzi Scheme appeared first on Cryptonews
ZettaBlock announces the addition of blockchain data
2.5.2024
This key decision underlines ZettaBlock’s commitment to providing developers and business organizations access to diversified blockchain data. It is an elegant addition to the Sui Ecosystem technology transformation. The Sui blockchain became a topic of discussion due to innovative data...
Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest
2.5.2024
Nigeria's first crypto exchange, Patricia Exchange CEO Fejiro Hanu, has refuted rumors of the exchange's closure, dismissing them as media sensationalism aimed at generating clicks.
The post Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest appeared first on Cryptonews
AI Could Detect Money Laundering on Bitcoin Blockchain: Elliptic Report
2.5.2024
Elliptic report revealed that the researchers used deep learning model - AI - to successfully detect crypto money laundering crimes
The post AI Could Detect Money Laundering on Bitcoin Blockchain: Elliptic Report appeared first on Cryptonews
TOKEN2049 Day 2 Recap: Branching Crypto Cap, Uniting L2s, Tokenizing Staking and More
2.5.2024
Industry insiders discuss decentralized AI, DePIN, RWAs, incoming regulations, the crypto market branching off into two streams, tokenizing trade, uniting Layer 2s, resolving network congestion, and much more.
The post TOKEN2049 Day 2 Recap: Branching Crypto Cap, Uniting L2s, Tokenizing Staking...
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
The post Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations appeared...
Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
2.5.2024
The allegations against Block include inadequate customer information collection, processing transactions involving countries under U.S. sanctions, and facilitating cryptocurrency transactions for terrorist groups.
The post Jack Dorsey’s Block’s Crypto Unit Under Investigation Over...
US Lawmakers Introduce New Bill For Clarification on Taxation of Staking Rewards
2.5.2024
The bill aims to clarify the tax treatment of staking rewards, proposing that they should only be taxed at the time of their sale rather than upon acquisition.
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