May Witnessed a Staggering $2 Billion Inflows into Crypto Investment Products
May 2024 marked a significant milestone in the cryptocurrency investment landscape, with a staggering $2 billion worth of inflows into crypto investment products. This remarkable influx is a testament to the growing investor confidence and interest in…
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…
WOO Network Integrates LayerZero’s OFT Standard Across Merlin Layer2 and Ethereum
In a groundbreaking development for the blockchain industry, WOO Network has adopted the LayerZero Omnichain Fungible Token (OFT) standard, integrating it within the Merlin Layer2 and Ethereum blockchains. This strategic move positions WOO Network at the…
CoreDAO Sets Record with $140 Million in BTC Staked
CoreDAO has achieved a remarkable milestone in the cryptocurrency domain by breaking the record for the amount of Bitcoin (BTC) staked. The platform has seen nearly 2,000 BTC staked, which is valued at approximately $140 million. This significant…
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…
