Latest Crypto Industry News and Insights
Coinbase Data Breach Costs Up to $400M, Shakes Crypto Industry
Coinbase Data Breach: A $400 Million Hit Amid Rising Crypto Cyber Threats Coinbase, a leading cryptocurrency exchange, has been hit with a significant data breach expected to cost the company between $180 million and $400 million. This breach, a stark reminder of the cybersecurity challenges in the crypto world, not only carries financial implications but […]
Read MoreTelegram Shuts Down $27B Haowang Guarantee, Yet Dark Markets Thrive
Telegram Crackdown Halts $27B Haowang Guarantee, Dark Markets Persist Telegram’s aggressive move against Haowang Guarantee, a notorious dark market, underscores the relentless battle against cryptocurrency crime. Despite this, the landscape remains challenging as other illicit marketplaces continue to thrive. Haowang Guarantee shut down after Telegram’s intervention $27 billion in USDT transactions processed Over 30 similar […]
Read MoreECB’s Digital Euro: Preserving Cash in the Digital Age with DLT and Privacy Focus
ECB Pushes for Digital Euro to Maintain Cash’s Relevance in Digital Age ECB aims to preserve cash’s role with digital euro Two-thirds of euro area card payments handled by non-European firms Digital euro to offer offline functionality and privacy ECB explores DLT and tokenization for wholesale transactions The European Central Bank (ECB) is taking bold […]
Read MoreSonic Labs Wins $210M Multichain Liquidation Order: A Blow to Centralized Crypto Control
Sonic Labs Secures Court-Ordered Multichain Liquidation After $210M Hack, Users Await Repayment Sonic Labs, formerly known as Fantom Foundation, has achieved a significant legal victory against Multichain Foundation Ltd. following a devastating $210 million hack in July 2023. On May 9, 2025, the High Court of Singapore granted a winding-up order, appointing liquidators from KPMG […]
Read MoreFrance Emerges as Crypto Kidnapping Hotspot: Government Responds
France’s Alarming Rise as the Global Hub for Crypto Kidnappings France has become the unexpected epicenter of crypto-related kidnappings, with several high-profile cases shaking the nation between January and May 2025. These incidents shed light on the darker side of the crypto world, where wealth and anonymity present both a benefit and a risk. France’s […]
Read MoreEuropol Cracks Down on $23M Crypto Crime Bank, Arrests 17 in Major Operation
Europol Shuts Down $23 Million Crypto-Backed Criminal Bank: A Global Crackdown on Cryptocurrency Crime Europol, in collaboration with law enforcement from Austria, Belgium, and Spain, executed a digital sting operation on January 14, 2025, that dismantled a €21 million criminal banking network. The operation, dubbed “OP KARASU,” led to the arrest of 17 individuals who […]
Read MoreTether’s $78M Blacklisting Delay Exposes Crypto Vulnerabilities
Tether’s Blacklisting Delay Allows $78M in Illicit Funds to Slip Through, Report Reveals – Tether’s delay enabled $78M in illicit funds to move – Multisignature contract causes enforcement delays – Ethereum and Tron networks impacted – Stablecoin regulation stalls in Congress – Political tensions over Trump’s crypto initiatives A recent report by AMLBot has exposed […]
Read MoreFinancial Institutions Adopt Stablecoins at 90% Rate, Emphasizing Speed and Compliance
Financial Institutions Embrace Stablecoins: 90% Adoption Rate Signals Strategic Shift A staggering 90% of financial institutions have now integrated stablecoins into their operations, marking a strategic pivot towards speed and competitiveness, as detailed in Fireblocks’ 2025 “State of Stablecoins” report. This move isn’t just about saving costs; it’s about staying ahead in a rapidly evolving […]
Read MoreKuwait Cracks Down on Illegal BTC Mining While HIVE Expands Green Operations in Paraguay
Kuwait’s Aggressive Crackdown on Illegal Bitcoin Mining Contrasts with HIVE’s Green Expansion in Paraguay Kuwait launches 31 new investigations into illegal BTC mining HIVE Digital Technologies expands mining operations in Paraguay Contrasting regulatory environments and energy resources In the blistering heat of Kuwait, the government has escalated its battle against illegal Bitcoin mining to manage […]
Read MoreBahrain’s AlAbraaj Becomes Middle East’s MicroStrategy, Adopts Bitcoin Treasury with 10X Capital
Bahrain’s AlAbraaj Restaurants Group Embraces Bitcoin with 10X Capital’s Guidance Bahrain’s AlAbraaj Restaurants Group, a publicly listed catering company, has made a bold move to become the “MicroStrategy of the Middle East” by adopting a Bitcoin treasury strategy. Partnering with 10X Capital, the group aims to integrate Bitcoin into its corporate treasury, starting with an […]
Read MoreCoinbase Converts $20M Ransom into Bounty After Insider Data Leak
Coinbase Turns $20M Ransom into Bounty After Insider Data Leak In a bold move, Coinbase has transformed a $20 million ransom demand into an equally sizable bounty following a data breach that affected less than 1% of its users. Imagine waking up to find your personal details leaked online, used in a scam targeting your […]
Read MoreEthereum Launches 1TS Initiative to Secure Trillions and Lead in Global Asset Settlement
Ethereum’s Trillion Dollar Security Initiative: Aiming for Global Asset Settlement Ethereum’s latest move, the Trillion Dollar Security (1TS) initiative, aims to secure the blockchain’s future by protecting trillions in on-chain value and reasserting its leadership in the crypto world. 1TS initiative launched to bolster Ethereum’s security Targets retail and institutional investors Follows Ethereum’s Pectra upgrade […]
Read MoreFormer Coinbase Germany CEO Joins LUKSO to Drive Web3 Adoption and Empower Creators
Former Coinbase Germany CEO Joins LUKSO to Boost Web3 Mainstream Adoption Jan-Oliver Sell, the former CEO of Coinbase Germany, has been appointed as the Chief Operating Officer at LUKSO, a blockchain platform dedicated to empowering creators. This strategic move underscores LUKSO’s commitment to accelerating the adoption of Web3 technologies. Jan-Oliver Sell appointed as LUKSO’s COO […]
Read MoreWintermute Expands to NYC, Appoints Ron Hammond to Navigate U.S. Crypto Regulations
Wintermute Sets Up U.S. HQ in NYC, Appoints Former Crypto Lobbyist Ron Hammond Wintermute, a leading global cryptocurrency trading firm, has strategically expanded into the U.S. market by establishing its headquarters in New York City. The move is designed to navigate the evolving landscape of digital asset regulations and foster responsible innovation. To lead this […]
Read MoreECB Launches Digital Euro Sandbox: Exploring Conditional Payments and Tokenization
ECB Sandbox Explores Conditional Payments and Tokenization with Digital Euro The European Central Bank (ECB) has launched its digital euro central bank digital currency (CBDC) innovation platform, marking a significant step towards the future of finance. This platform brings together seventy diverse organizations to explore the potential of conditional payments and tokenization, laying the groundwork […]
Read MoreHashling NFT Founder Sued for Alleged $3M Fraud and Misuse of Investor Funds
Hashling NFT Founder Faces Allegations of Misappropriating Millions from Investors Jonathan Mills, the founder of the Hashling NFT project and CEO of Satoshi Labs LLC, is embroiled in a lawsuit over accusations of fraud and misappropriation of investor funds. This case underscores the legal challenges confronting crypto startups, particularly those involved with NFTs and decentralized […]
Read MoreJetcraft and CoinPayments Bring Crypto Payments to Private Jets
Jetcraft and CoinPayments: Pioneering Crypto Payments in Private Aviation Jetcraft, the world’s largest buyer and seller of business aircraft, has partnered with CoinPayments, a leading crypto payment gateway, to integrate cryptocurrency payments into the private aviation sector. This move marks a significant step in the adoption of digital assets within high-net-worth (HNW) markets and reflects […]
Read MoreDonald Trump’s World Liberty Financial Approves USD1 Airdrop with 99.96% Support
World Liberty Financial’s USD1 Airdrop: Testing Trust and Tech with Donald Trump’s Backing World Liberty Financial, a project backed by Donald Trump, has approved a proposal to airdrop its USD1 stablecoin to WLFI token holders, signaling a move to test smart contract functionality while rewarding early supporters. Proposal passed with 99.96% approval USD1 airdrop to […]
Read MoreCoinMarketCap’s CMC Launch Debuts with Aster DEX: A New Era for Pre-TGE Projects
CoinMarketCap Unveils CMC Launch: A Gateway for Pre-TGE Crypto Projects – CoinMarketCap launches CMC Launch for pre-TGE projects. – Aster DEX, first on CMC Launch, offers high leverage trading. – Aster DEX plans to launch its own Layer 1 blockchain. – CMC Launch aligns with growing pre-token investment trend. CoinMarketCap, a leading platform for crypto […]
Read MoreCryptique Raises Angel Funding to Transform Web3 Marketing with AI
Cryptique Secures Angel Investment to Revolutionize Web3 Marketing Cryptique, a Dubai-based startup founded in 2024 by Indian entrepreneurs Parth Agarwal and Akshit Varsani, has raised an angel investment round to enhance its marketing intelligence platform, aimed at bridging the gap between traditional internet and blockchain-based marketing for Web3 businesses. Founded in 2024, based in Dubai […]
Read MoreTrump’s $TRUMP Memecoin Dinner Sparks Political Controversy and SEC Regulatory Shift
Trump’s $TRUMP Memecoin Dinner: Political Stir and Regulatory Shifts Amid stalled stablecoin legislation, President Trump’s foray into cryptocurrencies with the $TRUMP memecoin has ignited controversy and sparked Democratic scrutiny, while the SEC moves towards clearer crypto rules. GENIUS Act delays stablecoin regulation Trump hosts $TRUMP memecoin dinner Democrats probe potential foreign influence SEC under Paul […]
Read MoreGnosis Buys HQ.xyz for $15M, Boosts Onchain Banking in Asia
Gnosis Acquires HQ.xyz for $15M, Advancing Onchain Business Banking Gnosis has boldly acquired Headquarters (HQ.xyz) for $14.95 million, marking a significant step towards enhancing onchain banking solutions and expanding into Asia with a focus on stablecoin payments. Gnosis acquires HQ.xyz for $14.95 million Expansion into Asia, starting in Singapore Integration of self-custodial Visa cards and […]
Read MorePolygon Founder Warns of Sophisticated Deepfake Scams Targeting Crypto Founders
Polygon Founder Warns of Deepfake Scams Using His Likeness Sandeep Nailwal, co-founder of Polygon, has issued a stark warning about an ongoing scam that’s unnervingly personal: deepfake technology impersonating him and other Polygon executives to deceive unsuspecting crypto founders. Deepfake scams using Polygon executives’ likeness Scammers hack Telegram accounts to target crypto founders Victims urged […]
Read MoreEthereum’s App Ecosystem Stagnates: Time for More Than Tech Upgrades
Ethereum’s Ecosystem Needs More Than Just Technical Upgrades Ethereum’s relentless pursuit of technical excellence, while admirable, may be overshadowing the need to cultivate a more dynamic and experimental app ecosystem. Ethereum’s focus on tech may hinder app ecosystem growth. Solana’s success with experimental apps like Pump.fun. Ethereum needs to be more open to diverse applications. […]
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