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Turbulent times ahead as Ripple files response to penalty of $2 billion
22.4.2024
The continuing legal encounter between Ripple Labs and the American SEC is climaxing this week. Ripple is planning to file an opposition brief, and its sealed response will be submitted by 22/April/2024. Ripple Lab’s submission of a sealed response will be followed by a version that will...
NYSE Considers 24-Hour Trading Model in Response to Crypto Market Trends
22.4.2024
Cryptocurrency markets operate continuously, trading every day of the week, around the clock. In a similar vein, reports indicate that the New York Stock Exchange (NYSE) is exploring the possibility of shifting to 24/7 operations. The data team at NYSE has conducted a survey among its investors...
Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds
19.4.2024
Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...
Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response
9.4.2024
According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its intention to incorporate 1 billion yen in bitcoin...
Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins
9.4.2024
Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said
Logan Paul Fights Back, Says CryptoZoo Project Wasn’t A Scam
28.3.2024
In response to criticism of his controversial CryptoZoo non-fungible token (NFT), Logan Paul insisted in a recent documentary that the idea was legitimate. The documentary provides insight into Logan Paul's viewpoint on the project.
The post Logan Paul Fights Back, Says CryptoZoo Project...
LayerZero CEO Accuses Kyle Davies of Seeking Full Treasury Allocation Before 3AC’s Collapse
22.3.2024
On March 21, LayerZero’s co-founder and CEO, Bryan Pellegrino, accused Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC), of trying to persuade his firm to transfer its entire treasury shortly before the liquidation of 3AC. Pellegrino made the allegation on his X post as...
Binance Launches Internal Investigation Following Reports of BOME Insider Trading
18.3.2024
Binance has initiated an internal investigation in response to mounting concerns and community discussions regarding potential insider trading associated with Book of Meme (BOME).
The post Binance Launches Internal Investigation Following Reports of BOME Insider Trading appeared first on Cryptonews
Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit
15.3.2024
In response to a ban in Spain, Worldcoin undergoes an audit to prove the privacy and security measures of its Orb technology, emphasizing the protection of users' iris codes.
The post Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit appeared first on Cryptonews
Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach
11.3.2024
Unizen has taken swift action in response to a recent security breach that resulted in the loss of approximately $2.1 million in user funds.
The post Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach appeared first on Cryptonews
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study
4.3.2024
The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court documents filed Friday showed.
The post EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study appeared first on Cryptonews
Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand
28.2.2024
Canada-based Ledn announced Wednesday that it now offers loans backed by Ether, in response to significant client demand for the service. They begin with an annual interest rate starting at 10.4%.
The post Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand appeared first...
Binance Trust Wallet iOS App Vulnerability Listed on NIST, CEO Pushes Back Against Misinformation
15.2.2024
An alleged vulnerability affecting the iOS version of Binance Trust Wallet was listed on the National Institute of Standards and Technology’s (NIST) vulnerability database. Trust Wallet’s CEO denied the allegations on February 15, assuring the security of Binance Trust Wallet users....
Debt Box Urges Utah Federal Judge to Reject SEC’s Motion to Dismiss Enforcement Action
15.2.2024
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic...
SEC Takes Cybersecurity “Seriously,” Gensler Says in New Letter
12.2.2024
United States and Securities Exchange (SEC) Chair Gary Gensler claimed the federal agency takes its “cybersecurity obligations seriously” in a February 6 letter following last month’s SIM swap attack. The letter was drafted as a response to House Republicans who previously scrutinized...
Optimism to Halt ETH Withdrawals for Testing Upgraded Incident Response System
9.2.2024
On February 15, the Optimism network will suspend ETH token withdrawals to test an updated security response system. Withdrawals will not be possible for one hour, the developers said. According to the announcement, ETH withdrawals from Optimism’s Level-2 network to the main Ethereum network...
Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
7.2.2024
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of...
Binance Freezes $4.2M in XRP Linked to $112M Ripple Hack
2.2.2024
Cryptocurrency exchange Binance has frozen $4.2 million worth of XRP in connection with the $112 million hack on Ripple co-founder Chris Larsen’s wallet on January 31. This incident is currently the most significant hack of 2024. In response to the exploit, XRP Ledger developers promptly...
Play-to-Earn Games Leader Tamadoge Announces $TAMA V2 on Polygon
31.1.2024
Tamadoge has kickstarted the next era for its play-to-earn ecosystem, announcing the accelerated launch of its $TAMA V2 token on the Polygon network. The strategic move comes in the wake of a recent hack that targeted the project’s liquidity pool. This has prompted a swift and decisive...