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SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz

11.8.2023
Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment...

VC Firm a16z Wades Into Crypto Tech Research with ZK Projects ‘Jolt’ and ‘Lasso’

10.8.2023
A pair of open-source projects from venture giant Andreessen Horowitz, known as a16z, aim to improve the performance of systems that use zero-knowledge technology – a cryptographic method used to scale blockchains

Are Reports Linking the 11th Largest BTC Wallet to Tether a Myth? Cryptoquant Analysis Reveals Discrepancies

10.8.2023
In the wake of recent claims that Tether, the company behind leading stablecoin USDT, holds the 11th largest bitcoin (BTC) wallet, Cryptoquant, a blockchain intelligence firm, has expressed skepticism. Citing inconsistencies in onchain data, Cryptoquant has questioned the authenticity of...

VC Firm Blockchain Capital Twitter Account Hacked, Starts Promoting a Fake Token Giveaway

9.8.2023
Hackers are believed to have gained access to crypto-focused venture capital firm Blockchain Capital’s X (Twitter) account, fraudulently offering a giveaway of tokens called “BCAP.” Hackers made a series of posts on Aug 9., promoting a token claim scam to lure customers to connect their...

FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

9.8.2023
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds

Blockchain Capital’s X account hacked promoting token claim scam

9.8.2023
The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet

Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud

8.8.2023
Hundreds of millions of dollars have been lost to scams and exploits in July alone

Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?

7.8.2023
Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market. The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be called PayPal USD (PYUSD)....

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

7.8.2023
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...

Report: US ETFs Signal Renewed Bitcoin Interest; BTC’s Limited ‘Hot Supply’ Eyes Bull Market

6.8.2023
As interest in bitcoin exchange-traded funds (ETFs) heats up, a new report from blockchain analytics firm Glassnode examines how much bitcoin is actually available for purchase. The report, titled “How Many Bitcoin Are For Sale?” published on June 26, 2023, looks at exchange flows...

Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO

6.8.2023
The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he described: “With the dollar losing its stranglehold...

Blockchain Security Firm CertiK Reveals Vulnerability in Worldcoin Protocol Allowing Unverified Orb Operator Access

5.8.2023
Blockchain security firm CertiK has disclosed a vulnerability in the Worldcoin protocol that allowed unauthorized access for an Orb operator. In a recent Twitter thread, CertiK explained that the vulnerability allowed anyone to bypass the verification requirements to become an Orb operator...

Certik Uncovers Security Vulnerability in Worldcoin’s Verification Process

4.8.2023
On May 29, 2023, Certik, a blockchain and smart contract auditing firm, reported a critical security vulnerability within Worldcoin’s verification process. This flaw could have allowed attackers to bypass strict identification measures and operate an Orb, a device used to collect users’...

Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds

4.8.2023
New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research. Social Media Bots...

Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials

3.8.2023
Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota...

Crypto Custody Firm BitGo Hires Ex-Genesis Exec Matthew Ballensweig to Lead Go Network

3.8.2023

Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain

3.8.2023
Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain. Speaking during a hearing before US Bankruptcy Judge Sean Lane, company lawyer Sean O'Neal said the mediation period would not be extended if...