The multi-investment DeFi platform Dao Maker has become the latest victim to a security breach in the industry. The attackers have managed to affect over 5,000 accounts holding USDC. At first, Wu Blockchain took it to Twitter to indicate that the popular platform has fallen victim to a hack. The perpetrators supposedly transferred out USDC...Read More
Paris Saint-Germain has reportedly paid a portion of Leo Messi’s welcoming package in its own fan token – $PSG. As it became well-known recently, Lionel “Leo” Messi couldn’t continue his contract with his previous team Barcelona as the club failed to stay within the financial limits incorporated by La Liga. Paris Saint-Germain, arguably the wealthiest...Read More
Axie Infinity (AXS) is among the latest digital assets to be listed for trading on Coinbase Pro. As it typically happens with similar developers, its price jumped by nearly 30% in a matter of hours after the announcement. The leading US exchange outlined the latest set of coins to find a place on the Coinbase...Read More
In 2017, before the cryptocurrency frenzy began, Didi Taihuttu made the decision of a lifetime: he sold all his assets and bought Bitcoin… at $900. Perhaps he was super happy a few months later when he achieved a 20X ROI, but now, with each coin trading above $46,000, Taihuttu has to think very hard about...Read More
According to the Poly Network, the hackers behind one of the industry’s largest-ever crypto heists have returned more than a third of stolen $613 million loot. In a tweet on August 12, the DeFi protocol announced that it had received $260 million returned from the attackers. It also stated that there were $353 million outstanding...Read More
A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy. Another Hedge Fund to Join Crypto The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of...Read More
Ripple announced that one of the leading non-bank remittance service providers in South Korea – Global Money Express Co. LTD (GME Remittance) – had joined its network. As a result, the financial institution can now connect to Siam Commercial Bank (SCB) and initiate payments between South Korea and Thailand. GME Looking to Expand According to...Read More
Tether has yet again issued another public opinion by Moore Cayman, a provider of audit services that reassures USDTs are “fully backed by reserves.” However, the company has failed to disclose the precise nature of the reserves it’s referring to, which has raised a few eyebrows in the community. Another Public Opinion By Moore Cayman...Read More
The Massachusetts Mutual Life Insurance Company has doubled down on its BTC endeavors through a partnership with New York Digital Investment Group. Both parties aim to enable institutional clients of the insurance behemoth to receive BTC exposure. According to the announcement dated August 11th, the insurance broker, founded a decade and a half ago, has...Read More
The Indian governing body will reportedly take measures to eliminate the use of cryptocurrencies as part of the country’s financial system. However, the existence of digital assets issued by the State is not threatened. Cryptocurrencies Fund Illegal Activities According to a recent report by The Economic Times, the government of India plans to crack down...Read More
Coinbase has revealed its bumper profits in its second-quarter shareholder letter, released on August 10. The crypto trading platform acknowledged that the period was a strong one for growth on the back of a crypto market bull run. The key figure to take from the report is Q2 net revenue of $2 billion, its highest...Read More
After a 10-month long regulatory battle with United States financial watchdogs, leading cryptocurrency derivatives exchange BitMEX has agreed to settle and will pay a fine worth millions of dollars. As confirmed by the exchange today, BitMEX has reached a $100 million resolution with the two U.S. regulators – the Commodity Futures Trading Commission (CFTC) and...Read More
The global investment management company VanEck has filed again for a Bitcoin Strategy exchange-traded fund (ETF). The US firm has tried several times in the past few years but the SEC is yet to approve a single BTC ETF. New York-based investment firm VanEck submitted an application to the SEC to roll out a BTC...Read More
Charles Hoskinson, Cardano’s founder and CEO of blockchain research company Input Output Hong Kong (IOHK), has urged the U.S. crypto community to rally against the recently proposed taxation policy. Hoskinson first took it to Twitter earlier this week, calling on digital asset proponents in the U.S. to rally in Washington DC to vent their grievances...Read More
With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration...Read More
The interoperability protocol PolyNetwork has been exploited on Binance Smart Chain, Polygon, and Ethereum. The perpetrators have set a record within the decentralized finance space by swiping more than $600 million from at least three wallet addresses. Earlier on August 10th, PolyNetwork announced on its Twitter account that it had experienced a security breach. Important...Read More
BitMEX has collaborated with AC Milan and will become the soccer team’s Official Sleeve Partner and the Official Cryptocurrency Trading Partner. After the partnership, the logo of the derivatives exchange will be featured on the sleeve of the men’s and women’s playing kit. According to the announcement from August 10th, BitMEX and AC Milan have...Read More
The large US movie theatre chain, AMC Theatres, will add bitcoin as a payment option by the end of the year, said the organization’s CEO Adam Aron. Thus, the number of global brands adopting BTC keeps growing after the recent announcements from Philipp Plein, Sheetz, Quiznos, and more. Founded in 1920, AMC Entertainment Holdings is...Read More
A few hours ago during early trading in Asia, Bitcoin prices tapped $47,200 according to Tradingview. It is the highest the asset has changed hands for since May 15. The move has built upon the momentum that began in late July when BTC broke out of its range-bound channel to the upside. At the time...Read More
The Italian authorities shut down 32 Telegram groups that offered fake COVID-19 passes to thousands of people. The criminals preferred cryptocurrency payments for the illegal service. Cryptocurrencies in Exchange for a Green Pass According to a recent report by Reuters, the Italian police halted the operation of several groups on the online messaging application Telegram....Read More
Afek Zard – an Israeli resident – will spend the next eight years behind bars for stealing 75,000 DASH coins worth 22 million Shekels or roughly $7 million from a close friend. Apart from the jail time, the man will pay a fine of $1.5 million and compensation to the victim for $80,000. Beware of...Read More
Global fintech leader Broadridge Financial Solutions, Inc. announced today that UBS – the world’s largest private bank – has now joined its distributed ledger repo (DLR) platform. What Broadridge Offers Broadridge is a corporate services company and global fintech leader that provides technological solutions for banks, mutual funds, and other corporate issuers. Their DLR platform...Read More
Key senators have reached an agreement on IRS reporting rules for cryptocurrencies, U.S. Senator Rob Portman (R-OH) announced in a tweet Monday. The industry and regulators await further details, but it looks like lawmakers have found clarification on who is and isn’t a broker in the blockchain business. Sen. Portman said in a tweet early...Read More
Jessica Angel, a Colombian artist, has been at the forefront of creating the largest blockchain-based augmented reality art installation in Vancouver, Canada. Called Voxel Bridge, it was supported by the Kusama Network and installed by Spheroid Universe. Kusama Helps in Creating Blockchain-Based AR Experience According to a press release shared with CryptoPotato, the under side...Read More
According to a recent press release, the popular cryptocurrency exchange, Poloniex, has agreed to pay a fine upwards of $10 million to the United States Securities and Exchange Commission. The release reads that the company has agreed to pay the fine for operating an unregistered digital asset exchange. According to the order of the SEC,...Read More
In light of recent regulatory scrutiny on the entire industry from global watchdogs, digital asset exchanges have attempted to enhance their efforts in order to comply with emerging legislation. The latest to outline its strategy is FTX, as the company’s CEO explained. FTX’s KYC/AML Endeavors The cryptocurrency space saw massive growth in the past year...Read More
Local media reported that the state intelligence agency is on the hunt for professionals in the field of financial technology. The reason is purportedly so that it can use cryptocurrencies for anonymous payments to agents or purchasing equipment. The news was revealed by leading Israeli media outlet Ynet on August 8. According to a translation,...Read More
The Securities and Exchange Commission has targeted the Cayman Island-based Blockchain Credit Partners (BCP), along with Gregory Keough and Derek Acree, for selling unregistered securities from February 2020 to February 2021. $30 Million Trough Token Sales According to a recent press release, the executives allegedly used smart contracts to sell two types of tokens that...Read More
The controversy surrounding the cryptocurrency taxation bill that might be passed in the United States has evoked a mixed reaction from crypto proponents. While the debate is still ongoing, Jack Dorsey, a popular Bitcoin advocate and CEO of the popular microblogging platform, Twitter, has recently shared his views on the matter. In a series of...Read More
A recent survey informed that nearly 60% of the participants are willing to employ digital assets as a payment method for goods and services. Furthermore, two-thirds entered the cryptocurrency market with plans to use the tokens for transactions. Payments: Crypto Better Than Credit Cards The interactive platform for financial services – PYMNTS.com – and the...Read More
