DMM Bitcoin Hack: Over $300 Million Lost in Massive Crypto Theft
On May 31, 2024, Japanese cryptocurrency exchange DMM Bitcoin fell victim to a significant security breach, resulting in the loss of over $300 million worth of Bitcoin. The hackers managed to steal approximately 4,502.9 BTC, making this…
Argentina Looks to El Salvador for Bitcoin Guidance: A Path Toward Adoption
In a significant move toward embracing Bitcoin, Argentina is turning to El Salvador, the pioneering nation that made history by adopting bitcoin as legal tender in 2021. High-ranking officials from Argentina’s National Securities…
Gemini Customers to Receive Assets at 232% Above Original Value
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has made a significant announcement regarding its Earn program. Users who participated in Gemini Earn are set to receive their digital assets back in-kind, resulting in an…
Coinbase Appeals SEC Case and FIT21 Act
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). The central question revolves around whether traditional securities rules should apply to…
PolyhedraZK Responds to zkSync’s Alleged Token Ticker Controversy
In a recent turn of events, PolyhedraZK, a blockchain project leveraging Zero-knowledge proof (ZKP) technology, has taken to social media to express its discontent with zkSync. The bone of contention? The alleged attempt by zkSync to adopt the…
SEC Grants Unanimous Approval for All Spot Ethereum ETFs
In a groundbreaking decision, the U.S. Securities and Exchange Commission (SEC) has given the green light to several applications for spot Ethereum exchange-traded funds (ETFs). This move marks a significant milestone for the…
White House Rejects FIT 21’s Current Form, Seeks Collaborative Regulation
In a recent turn of events, the White House has officially expressed its opposition to the passage of the Financial Innovation and Technology for the 21st Century Act (FIT 21) in its current form. Despite this, the administration has conveyed a clear…
Ethereum Future ETFs Soar to New Heights Amid Optimism
Ethereum, the second-largest cryptocurrency by market capitalization, has been making waves in the financial world. Recently, Ethereum future exchange-traded funds (ETFs) achieved a remarkable milestone, raking in a staggering $47.75 million in…
WisdomTree’s Bitcoin and Ethereum ETPs Get LSE Approval
WisdomTree, a leader in exchange-traded products (ETPs), has gained approval from the Financial Conduct Authority (FCA) to list its WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs on the London Stock Exchange (LSE). The…
Uniswap Responds to SEC Wells Notice: A Battle for DeFi
Uniswap Labs, the team behind the popular decentralized exchange protocol Uniswap, recently found themselves in the crosshairs of the U.S. Securities and Exchange Commission (SEC). The SEC issued a Wells notice, indicating their intent to recommend legal…