Coinbase, one of the most popular crypto exchanges, continues its expansion journey with the official launch of its Web3 wallet designed to facilitate transactional interactions for major institutions with Web3, DeFi, and NFTs. Per Coinbase’s statement, this crypto wallet will rely on MPC tech to enable clients to store tokens from supported networks, access funds,...Read More
The latest market manipulation report from Solidus Labs, specializing in crypto-native trade surveillance and risk monitoring, has identified wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. Solidus Labs Exposes Wash Trading in DEXes Solidus Labs analyzed a sample of approximately 30,000 DEX liquidity pools and...Read More
Polygon has doubled down its efforts to create an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge technology for its recently unveiled Polygon 2.0’s roadmap. As such, Polygon Labs – the organization behind the scaling solution – has released three PIPs. The implementation will, however, begin as early as Q4 of this year if the community...Read More
Ukraine’s Economic Security Bureau (ESB) is investigating local cryptocurrency exchanges. This action comes in response to the bureau’s discovery that unregulated exchanges operating in the country have led to a loss of 3 billion Ukrainian hryvnia (over $80 million) in uncollected taxes. Earlier, Ukrainian regulators voted to tax crypto gains 18% as of 2024. Meanwhile,...Read More
Bitcoin miner F2Pool has successfully reversed a recent erroneous bitcoin transaction that resulted in an excessively high transaction fee of $510,000, almost 480,000 times the average network fee of $2.176. The responsible party, Paxos, acknowledged its error and identified it as a bug in a single transfer. According to on-chain data from Mempool on X,...Read More
The celebrated US investor, TV personality, and owner of the Dallas Mavericks had one of his MetaMask wallets drained through what appears to be another successful phishing attack. The total value of the siphoned funds is close to $900,000, according to on-chain data. Popular crypto sleuth WazzCrypto took it to X on Friday evening to...Read More
Stablecoin issuer and decentralized finance protocol MakerDAO has added $100 million worth of Real-World Assets (RWAs) via BlockTower Andromeda over the last two days. These funds were predominantly allocated to short-term US Treasury bonds offering an attractive annual yield of 4.5%. MakerDAO’s cumulative RWA assets currently stand at approximately $2.7 billion, based on data from...Read More
Darewise Entertainment, a subsidiary of Animoca Brands, has partnered with Horizen Labs to launch the first-ever metaverse ecosystem token on the Bitcoin blockchain. This partnership aims to usher in a new era of possibilities for gaming, brands, and real-life experiences within the Bitcoin ecosystem. Bitcoin’s First Metaverse Ecosystem Token Darewise Entertainment, known for its visionary...Read More
Binance CEO Changpeng Zhao (CZ) published a tweet re-encouraging followers to “ignore FUD” – this time surrounding rotating management at his exchange’s U.S. subsidiary, Binance.US. The statement follows three executive departures from the exchange this week, mimicking earlier, similar behavior from top brass at the international exchange. In his tweet, CZ noted speculation regarding recent...Read More
German financial giant Deutsche Bank announced signing a global partnership agreement with Swiss startup Taurus to establish digital asset custody and tokenization services for its clients. According to the official announcement, Deutsche Bank, boasting a total assets exceeding $1.4 trillion, plans to tap Taurus’ custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital...Read More
Citi Securities Services recently hit a groundbreaking milestone by becoming the first digital custodian participant of the BondbloX Bond Exchange network. The partnership, announced via a press statement on Sept. 14, will enable Citi to make bond trading more accessible to a larger part of the investor community. Citi’s Love Affair with Bondblox Launched in...Read More
The case between Ripple and the United States Securities and Exchange Commission has surely done a lot of damage to the company and its cryptocurrency – XRP. In fact, a lawyer who represents tens of thousands of XRP holders recently took it to X to outline the damage that the lawsuit has caused the company....Read More
Delio, a South Korea-based Bitcoin lender, is reportedly planning to launch an administrative lawsuit against local financial regulators, citing poor and incorrect interpretation of the law. This new lawsuit comes after an investigation and fine imposed on the Bitcoin lending firm by the South Korean watchdog. Delio to Sue South Korean Watchdogs Earlier this month,...Read More
According to a Sept. 14 report from on-chain analytics provider Chainalysis, the total amount of cryptocurrency stolen is estimated at $3.54 billion. North Korea “continues to be an incubator for hacking activities and remains one of the largest active threats in the cybercrime landscape,” it stated. Moreover, the Democratic People’s Republic of Korea (DPRK)-linked hacking...Read More
Attorney John Deaton, known for his representation of XRP token holders involved in the legal battle against the US Securities Exchange Commission (SEC), has officially filed a formal notice of appearance as an Amicus Curiae in the LBRY lawsuit. This recent development follows LBRY’s filing of an appeal notice to the United States Court of...Read More
In a well-coordinated attack, Remitano Crypto Exchange allegedly suffered a major security breach, resulting in a loss of about $2.7 million across various cryptocurrencies. This attack was picked up on the radar on Sept. 14, when major withdrawals and suspicious activities began to ripple across the exchange, raising the eyebrows of several blockchain analytics networks....Read More
Ripple Labs, the fintech company behind the popular payments protocol, has expanded its liquidity hub to new regions as the platform continues to meet the crypto demands of customers. In a blog post, Ripple’s head of liquidity products, Brad Chase, revealed that the company has opened up the liquidity hub for customers in Brazil and...Read More
Roni Cohen-Pavon, a former executive at the bankrupt cryptocurrency lender Celsius Network, pleaded guilty to criminal charges in the United States. Notably, Cohen-Pavon has also agreed to collaborate with investigators in their ongoing investigation. Cohen-Pavon Pleads Guilty During a hearing held on Wednesday before U.S. District Judge John Koeltl in Manhattan, Cohen-Pavon confessed to four...Read More
With about two weeks to go until the start of Sam Bankman-Fried’s trial, yet another trove of documents replete with everything from his early life to unverifiable attempts at exonerating himself has surfaced. Lots of Words, Little Substance Sticking to the tone of his lengthy – yet ultimately trite – substack posts and interactions with...Read More
Data from the Artemis Terminal reveals that Ethereum (ETH), the second-largest blockchain network by market capitalization, has surpassed Bitcoin (BTC) in terms of daily active addresses. According to the latest statistics, Ethereum boasts 1.03 million daily active addresses, while Bitcoin stands at 743,800. Santiment’s Insights into Ethereum’s On-Chain Activity According to a report by market...Read More
Ripple’s XRP has long been one of the tokens subjected to heavy speculation on behalf of both its own community and the broader cryptocurrency market. That’s perhaps to be expected. It’s one of the O.G. cryptocurrencies, and it’s been around for multiple years. More importantly, it’s been around as part of the top 10 largest...Read More
Ripple is pushing a new upgrade to its XRP Ledger that will introduce a couple of very important features. In fact, the company’s CTO has, on multiple occasions, expressed his excitement over the upgrade and said that he’s very much looking forward to it. But this has also sparked a discussion on the impact of...Read More
Telegram recently released its self-custodial wallet on The Open Network (TON) blockchain. However, this development has sparked controversy. Following the launch, CertiK, a reputable blockchain security firm, issued a warning about the use of Telegram bot tokens. Certik’s Cautionary Message On Sept. 13, Certik released a cautionary message on social media, advising cryptocurrency enthusiasts to...Read More
The Hong Kong Securities and Futures Commission (SFC) has issued a stern warning against the use of the crypto exchange known as JPEX. The commission has accused the platform of exhibiting “suspicious features” and promoting misleading information about its licensing status. The SFC has also denied that JPEX is regulated. SFC Issues Warning Against JPEX...Read More
With new marketing regulations set to take effect in the United Kingdom next month, crypto exchange Bybit doesn’t expect to be able to continue operating within the country. The exchange’s CEO, Ben Zhou, claims that any crypto firm within U.K. borders may be held accountable for solicitation simply for using the English language. Troubles With...Read More
Coinbase, one of the world leaders in crypto services, is currently battling accusations of improper conduct in U.S. courts. The platform’s legal representatives have denied any wrongdoing, even going so far as to request the dismissal of the case. In spite of the accusations, Coinbase – and the platform’s CEO, Brian Armstrong – are generally...Read More
Shiba Inu is undoubtedly one of the most popular cryptocurrency projects. But what’s interesting about it is that it boasts a tremendous base of retail investors as part of its community. That said, retail investors tend to be the perfect target for a number of bad actors. And, in the crypto industry, scammers are becoming...Read More
Sui Foundation – the organization behind the development of Sui Network – announced the launch of zkLogin, a Web3 authentication solution that enables end users to log in to decentralized applications (dApps) using their familiar social accounts. According to the official press release, zkLogin will grant developers the capability to allow users to authenticate themselves...Read More
CertiK has revealed transactions connecting the breaches at Atomic Wallet, Alphapo, CoinsPaid, Stake.com, and CoinEx that show Lazarus Group’s involvement in these exploits. This comes while the digital community is reeling from various cyber attacks that have affected several major Web3 entities. On-Chain Connections The infamous Lazarus Group, supported by North Korea, is still causing...Read More
The decentralized social media platform – Friend.tech – witnessed over $18.51 million in trading volume on September 13th, hitting a new peak. Data from Dune Analytics further suggested that the fees generated as a result also recorded a new high of $1.9 million on the same day. The resurgence coincides with the emergence of reports...Read More
