Search
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
ETH price may dip after spot Ether ETF 'novelty' wears off due to surging supply
20.7.2024
Into The Cryptoverse founder Benjamin Cowen says if supply keeps increasing it will "revert" to similar levels before the Ethereum Merge in September 2022
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...
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
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
Bitcoin oversold after German gov’t sell-off — ARK Invest
19.7.2024
Bitcoin miners seem to be capitulating, a harbinger of a bullish reversal, according to Ark
WazirX Seeks Legal Aid; $234 Hack Reported to Indian Police
19.7.2024
Yesterday, July 18th, 2024, India’s largest cryptocurrency exchange, WazirX, was hacked and lost over $234 million in crypto. Following the attack, WazirX has filed a report with the Indian Police. The exchange says, “…we have filed a police complaint and are pursuing additional...
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...
Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens
19.7.2024
These developments indicate TFL’s proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem
Hamster Kombat Users Fall Prey to Phishing Attacks
19.7.2024
Telegram has done more than help global citizens communicate. The social media platform has become a home to games, crypto, and blockchain entities. Hamster Kombat, following in the success of Toncoin, has grown in popularity in the last few months. Like any other successful DeFi and Web3 project...
$234M in Crypto Hacked From WazirX, Converted to Ethereum
19.7.2024
WazirX, one of India’s biggest Crypto Exchanges, was hacked yesterday, presenting a significant security concern. The breach led to losing $234 million of the users’ funds. The hacker went for the exchange’s multisig wallet on the Ethereum network, where he or she made away with more than...
WazirX breach post-mortem: Dismantling the $230M attack
19.7.2024
The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data
Winklevoss Twins Donate $1 Million to Elizabeth Warren Rival John Deaton
19.7.2024
The Winklevoss twins, Tyler and Cameron, founders of Gemini and Winklevoss Capital, have donated $1 million to support the campaign of pro-crypto candidate John Deaton in the state of Massachusetts. Both stated that their goal with this donation is to help Deaton beat Sen. Elizabeth Warren, who...
HK bank supports nation's regulatory goals with reserve services
19.7.2024
This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies
Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia
19.7.2024
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot...
Kraken Expands Crypto Custody Services to Institutions in UK and Australia
19.7.2024
Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution...