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Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers


DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full...

62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize


According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising...

Cryptic NEAR Protocol X Posts Raise Hack Suspicions


Morse code, cryptic messages, and a redesign of Near Protocol's Official X profile have left users concerned that they have been hacked. The post Cryptic NEAR Protocol X Posts Raise Hack Suspicions appeared first on Cryptonews

First quarter crypto deals raise $2.5bn, a ‘lacklustre’ 29% gain


The cryptocurrency industry has suffered a plunging situation for three quarters in a row, but has remarkably made a comeback. In Q1, a year ago, a record number of crypto companies raised about $2.5 billion in venture capital. This represents a massive leap of 29% in financial investment, as well...

PDVSA to raise the usage of Tether stablecoin


PDVSA, a state operated oil company in Venezuela, is preparing itself for raising the usage of Tether stablecoin for the export of crude and fuel oil, since the US now intends to introduce sanctions on the country, as per a report issued by Reuters.  A short while back, a statement released...

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