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Tether dominates with $113B post-SVB collapse — IntoTheBlock

30.7.2024
Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard

Cantor Fitzgerald Announces New Venture to Provide Leverage to Bitcoin Investors

29.7.2024
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of...

Wazirx Clarifies Recovery Options, Asset Valuation, and USDT Conversion After Cyberattack

28.7.2024
Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion...

Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack

27.7.2024
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted...

TON introduces gasless fees with new smart wallet

25.7.2024
The W5 smart wallet will allow gasless transactions on the TON blockchain using USDT and Notcoin, enhancing user experience and accessibility

Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth

25.7.2024
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by...

Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch

23.7.2024
Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon....

Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets

20.7.2024
The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools...

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

Oracle exploit drains $7.6 million from Rho Markets liquidity protocol

19.7.2024
Rho Markets has already paused its platform in response to the security breach

WazirX hackers prepped 8 days before attack, swindlers fake fiat for USDT: Asia Express

19.7.2024
WazirX hackers were preparing 8 days before the $235M theft The hackers behind the $235 million WazirX crypto exchange breach began preparing onchain at least eight days prior, according to Polygon Labs’s security chief. WazirX, one of India’s largest cryptocurrency exchanges, lost hundreds...

Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom

18.7.2024
Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes...

Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

17.7.2024
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million....

Issuance of TRON-Based USDT Exceeds $60 Billion

17.7.2024
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This...

Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding

17.7.2024
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some...

Cambodian Firm Receives $150K in Crypto From North Korean Hackers

16.7.2024
A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked...

Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit

16.7.2024
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister...