Search
Nigerian crypto star out on bail following police detention
20.7.2024
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector
South Korea's strict laws on crypto exchanges come into force
20.7.2024
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19
Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights
20.7.2024
Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are
Chinese Billionaire Convicted of Racketeering and Wire Fraud in US
20.7.2024
Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams...
Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects
20.7.2024
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona...
Barstool’s Dave Portnoy Accepts Bitcoin From Kraken in Sponsorship Deal
20.7.2024
Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in...
Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
19.7.2024
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase...
Crypto community reacts to Windows-CrowdStrike outage as blockchains unaffected
19.7.2024
Many crypto community members noted that blockchains’ decentralized nature allowed them to continue running despite widespread outages across the global economy
Donald Trump’s crypto platform is missing one thing
19.7.2024
President Biden has been ruthless in his quest to eradicate the crypto industry. Trump should commit to pardoning the developers that Biden imprisoned
Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism
19.7.2024
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited...
WazirX hacker funnels $149M, Hamster Kombat users face phishing attacks: Finance Redefined
19.7.2024
This week, hackers staged the second-largest crypto hack of 2024, stealing over $230 million, while other malicious actors are targeting Hamster Kombat players
Bitcoin price soars above $66K as crypto market momentum ramps up
19.7.2024
Bitcoin price surged to a new 1-month high near $67,000 as a variety of bullish factors converged to push cryptocurrencies higher
Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more
19.7.2024
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more
Bitforex reopens for withdrawals after police investigation
19.7.2024
After roughly five months of silence, the crypto exchange Bitforex claimed that the police in Jiangsu Province had detained its team members in February
Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves
19.7.2024
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company...
A Second Look at Third-Party Token Allegations in the SEC's Case Against Binance
19.7.2024
Last week, a federal judge convened a hearing for the U.S. Securities and Exchange Commission's case against Binance after publishing her ruling on Binance's motion to dismiss the SEC lawsuit
WazirX, Liminal Custody Blame Each Other as $230M Crypto Exploit Leaves Customers Stranded
19.7.2024
The dispute centers around multisig wallets
EU releases crypto-asset classification tools to help firms comply with MiCA
19.7.2024
EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to come into play
EU markets will pave the way for first Ether staking ETF: dYdX CEO
19.7.2024
While the US markets are not yet prepared for an Ether staking ETF, the European markets might lead the way by introducing the first staked exchange-traded fund
Wazirx Takes Legal Action After $230 Million Cyberattack — Liminal Insists Platform Secure
19.7.2024
Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen funds. Meanwhile, Liminal Custody has insisted that...