Latest Crypto Industry News and Insights
$46M Stolen from Coinbase Users in March: ZachXBT Exposes Crypto Scam Surge
Crypto Scams: Over $46 Million Stolen from Coinbase Users in March, ZachXBT Reveals Blockchain investigator ZachXBT has uncovered over $46 million in scams targeting Coinbase users in March, highlighting a significant security issue within one of the world’s largest cryptocurrency exchanges. The largest incident involved a theft of 400.09
Read MoreHyperLiquid Loses $13.5M to JELLYJELLY Manipulation: Delisting Sparks Controversy
HyperLiquid Faces $13.5 Million Loss from Alleged JELLYJELLY Manipulation HyperLiquid, a key player in the cryptocurrency market, recently fell victim to a sophisticated manipulation scheme involving the JELLYJELLY memecoin, leading to a staggering $13.5 million loss. The incident has sparked intense debate and raised serious legal and ethical questions, particularly around HyperLiquid’s response to the […]
Read MorePolymarket Governance Flaw Exposed: $7M Bet on Ukraine Deal Manipulated
Polymarket’s Unexpected Bet Resolution Sparks Governance Debate In a stunning turn of events, a $7 million bet on Polymarket, a decentralized prediction market platform, resolved to “yes” despite no actual agreement being reached between Ukraine and former President Donald Trump on a proposed mineral deal. This unexpected outcome, manipulated by a large UMA token holder, […]
Read MoreTrump’s Bold Moves: Using Stablecoins and Cheap Oil to Outmaneuver the Fed
Trump’s Macroeconomic Chess: Stablecoins and Cheap Oil as Strategic Pawns Nigel Green, CEO of DeVere Group, asserts that President Donald Trump is deploying stablecoins and low oil prices as key tools in a strategic overhaul of U.S. macroeconomic policy, effectively sidestepping the Federal Reserve. Stablecoins and cheap oil: Trump’s macroeconomic levers Boosting demand for U.S. […]
Read MoreNFT Art Market Plummets 93% from $2.9B to $24M: Can It Recover?
NFT Art Market Crashes from $2.9 Billion in 2021 to $24 Million in Q1 2025: What’s Next? Remember when NFTs were the hottest thing in the art world? Fast forward to 2025, and the market has crashed from $2.9 billion to just $24 million. The NFT art market’s dramatic decline reflects broader trends in the […]
Read MoreGrayscale Files for Spot AVAX ETF: A New Era for Altcoin Investment?
Grayscale’s Bold Move: Filing for an Avalanche ETF with Nasdaq Grayscale has made a bold move by filing for a spot Avalanche (AVAX) ETF with Nasdaq, aiming to convert its existing Avalanche Trust into a publicly traded ETF. This step could mark a pivotal moment in the integration of altcoins into traditional financial markets. Grayscale […]
Read MoreCanaan’s Avalon Q: Revolutionizing Home Bitcoin Mining with 90 TH/s Power
Canaan Unveils Avalon Q: A Game-Changer for Home Bitcoin Miners Imagine turning your living room into a Bitcoin mining hub with the latest from Canaan – the Avalon Q. This new professional-grade Bitcoin mining machine is designed to bring the power of mining directly into the comfort of your home. Canaan launches Avalon Q for […]
Read MoreBitpanda Gains Broker-Dealer License in Dubai, Expands Crypto Services to UAE
Bitpanda Secures Crypto Broker-Dealer License in Dubai, UAE: Expanding Digital Asset Services Bitpanda, the European cryptocurrency platform, has boldly ventured into the UAE, securing a crucial Broker-Dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA). This move marks Bitpanda’s first fully licensed operation outside of Europe and aligns with Dubai’s ambition to become a leading […]
Read MoreFrench State Bank Boosts Blockchain with $27M Crypto Investment
French State-Owned Bank Invests $27 Million in Crypto to Boost Blockchain Ecosystem Bpifrance, a French state-backed investment bank, is making a significant move into the cryptocurrency sector with a $27 million investment aimed at enhancing France’s blockchain development. This strategic initiative targets early-stage tokens from French projects, focusing on key areas such as decentralized finance […]
Read MoreBitcoin Miners Shift to AI Amid Challenges: Microsoft’s Impact and Global Energy Hunt
Bitcoin Miners’ AI Pivot: Navigating the Downward Spiral Bitcoin miners are pivoting to AI data centers in hopes of finding a new revenue stream, yet the move has not been the financial lifeline they hoped for. As share prices decline and operational costs remain high, the industry’s foray into AI is fraught with challenges. Microsoft’s […]
Read MoreJulius Baer Hires Crypto Expert Michael Martin Amid $120M Cost Cuts
Julius Baer Hires Crypto Veteran Amidst Broad Reorganization Julius Baer, a Swiss wealth management giant, is making strategic moves into the digital asset space while undergoing a significant reorganization under new CEO Stefan Bollinger. Cost-cutting measures: $120 million annual savings, 400 job cuts Strategic hiring: Michael Martin, crypto veteran, to advise on digital assets Financial […]
Read MoreBitcoin Mining Hardware Revolution: Server Racks Outpace Shoebox ASICs
Bitcoin Mining Hardware Evolves: Server Racks May Replace Shoebox ASICs The transformation in bitcoin mining hardware is underway, with traditional “shoebox” ASICs potentially being overtaken by advanced server rack units. This shift, led by major manufacturers like Bitmain, MicroBT, Bitdeer, and Auradine, promises to enhance efficiency and align mining operations with data center technology standards. […]
Read MoreFBI Seizes $200K in Crypto from Hamas, Disrupts Terror Financing
FBI Seizes Over $200K in Crypto Linked to Hamas Terror Financing Did you know that over $200,000 in cryptocurrency linked to Hamas was recently seized by the FBI? This significant action underscores the ongoing battle against terror financing through digital assets. FBI seizes over $200,000 in crypto from Hamas. Over $1.5 million flowed through related […]
Read MoreTrump’s SEC Nominee Paul Atkins Promises Crypto-Friendly Shift, Faces Senate Scrutiny
Trump’s SEC Pick Signals Pro-Crypto Shift, Faces Senate Scrutiny President Trump’s nomination of Paul Atkins as the next SEC chair has ignited hope among crypto enthusiasts for a more supportive regulatory environment. Atkins, a former SEC commissioner, outlined his vision for a “clear and fair” approach to crypto regulation during his Senate confirmation hearing, contrasting […]
Read MoreHong Kong SFC Approves HashKey and Bosera’s Tokenized ETFs for April 2025 Launch
Hong Kong SFC Greenlights HashKey and Bosera’s Tokenized Money Market ETFs The Hong Kong Securities and Futures Commission (SFC) has approved the launch of two tokenized money market ETFs by HashKey and Bosera, set to debut in April 2025. These ETFs aim to integrate blockchain technology into traditional finance, offering investors a new way to […]
Read MoreGemini Data Breach: Over 100k Records Leaked on Dark Web, Urgent Security Alert
Over 100k Gemini Customer Data Allegedly Leaked on the Dark Web: A Wake-Up Call for Crypto Security A shadowy figure known as “AKM69” has reportedly compromised the personal data of over 100,000 Gemini exchange users, claiming to sell it on the dark web. This incident underscores the persistent security challenges facing the cryptocurrency industry. Gemini […]
Read MoreSouth Carolina Proposes $1M Bitcoin Investment with H4256 Bill
South Carolina’s Bold Leap: Proposing a Million Bitcoin Investment South Carolina is setting the stage for a groundbreaking financial experiment with the introduction of the “Strategic Digital Assets Reserve Act” (H4256). This ambitious bill would empower the state treasurer to allocate up to 10% of certain state-managed funds into Bitcoin and other digital assets, capped […]
Read MoreBrazil Proposes $18.3B Bitcoin Reserve to Boost Economic Resilience
Brazil’s Bold Leap: Proposing a National Strategic Bitcoin Reserve Brazil’s Vice Presidential Advisor, Pedro Giocondo Guerra, has proposed a national strategic Bitcoin reserve to bolster the country’s economic resilience and position it as a leader in the digital economy. Proposal by Pedro Giocondo Guerra Legislative Bill PL 4501/2024 RESBit reserve limit of 5% of Brazil’s […]
Read MoreSouth Carolina Dismisses Coinbase Lawsuit, Proposes Bitcoin Investment Bill
South Carolina Drops Lawsuit Against Coinbase, Embraces Crypto with New Legislation Is South Carolina paving the way for a crypto-friendly future? The state’s recent actions suggest so, as it has not only dropped its lawsuit against Coinbase but also introduced a bold new bill to invest in Bitcoin. South Carolina dismisses lawsuit against Coinbase over […]
Read MoreCoinbase Institutional Boosts Crypto Security with Open-Sourced MPC Library
Coinbase Institutional Empowers Crypto Security with Open-Sourced MPC Library Coinbase Institutional has taken a significant leap forward in bolstering the security of the cryptocurrency industry by open-sourcing its Multi-Party Computation (MPC) cryptography library. This strategic move, aimed at reducing the risk of theft and unauthorized access, comes at a time when the crypto sector is […]
Read MoreKazakhstan Lawmaker Proposes National Crypto Bank to Tackle 90% Illegal Transactions
Kazakhstan Lawmaker Proposes National Crypto Bank to Combat Illegal Transactions Kazakhstan’s lawmaker Azat Peruashev has proposed the establishment of a “national crypto bank” to combat the rampant illegal cryptocurrency transactions within the country, aiming to integrate into the global crypto economy. Proposal for a national crypto bank in Kazakhstan Aims to combat high rates of […]
Read MoreAustralia Tightens Crypto Regulations: New VASP Standards and Global Impact
Australia’s New Crypto Rules Set Industry Standards on VASPs Australia is enhancing its regulatory framework for Virtual Asset Service Providers (VASPs), aiming to set high industry standards and align with global trends. Australia’s regulatory framework targets VASPs, including exchanges and custodial wallets. A simpler licensing regime will be introduced for VASPs. The government plans to […]
Read MoreSEC Ends Crypto.com Probe Without Action, Signals Regulatory Shift Under Trump
SEC Closes Investigation into Crypto.com, Signals Shift in Regulatory Approach Crypto.com has emerged from a period of regulatory scrutiny with a sigh of relief. The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the cryptocurrency exchange without pursuing any enforcement actions, a move that reflects a shift in the regulatory landscape under […]
Read MoreWyoming’s WYST: State Stablecoin or CBDC? July Launch Sparks Debate
Wyoming’s WYST: A State Stablecoin or CBDC in Disguise? Wyoming is set to launch its own stablecoin, WYST, as soon as July, sparking a heated debate on whether it’s a state version of a central bank digital currency (CBDC). A stablecoin is a cryptocurrency designed to maintain a stable value, often pegged to a currency […]
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