The regulations pertaining to digital asset issuance, offering platforms, exchange, and custody have been modified by the Nigerian Securities and Exchange Commission (SEC). The SEC sent a formal notice to the public outlining its plans to alter these important rules. The purpose of the amendment process is to improve the regulatory framework by making it more thorough and adaptable to the intricacies of digital asset markets. As part of this regulatory overhaul, the SEC introduced a special compliance program called the Accelerated Regulatory Incubation Programme (ARIP). This program

PancakeSwap, a decentralized cryptocurrency exchange, will launch CupcakeHop, a portfolio management tool driven by artificial intelligence (AI). The technology, created by Bril Finance with support from PancakeSwap, aims to enhance the management of investments in decentralized finance (DeFi).CupcakeHop, scheduled for release in August, intends to provide real-time risk management and customized investing strategies to a wider user base, hence enabling DeFi. Connor O’Shea, the CEO of Bril Finance and the creator of CupcakeHop, stated in a Cointelegraph interview that the AI portfolio management tool automates investing methods based on a user-defined goal and current market conditions. “It’s continually adjusting strategies to optimize performance with the intended purpose of maximizing returns.” In order to guarantee the security of user-deposited assets, the new tool has a risk engine that will recognize and isolate possible hazards and automatically rebalance pools. Speaking with Cointelegraph, O’Shea made a prediction on the inclusion of a risk management slider aspect. “What I envision is effectively a

Michael Dell, the CEO of Dell Technologies (DELL), a company valued at over $100 billion, expressed at least a passing interest in bitcoin (BTC) by forwarding a post from bitcoin advocate Michael Saylor on X that was favorable to BTC. Dell blogged on Thursday, stating that “Scarcity creates value.” Saylor, the executive chairman of MicroStrategy (MSTR), responded to that by stating, “Bitcoin is Digital Scarcity,” which Dell later reposted. Dell later shared a picture of Cookie Monster from Sesame Street that had been digitally edited, presumably by Saylor, to portray the well-known children’s monster chomping on bitcoin rather than cookies. This conversation didn’t stop there. Saylor has served as CEO and executive chairman of MicroStrategy for the past almost four years. During that time, the company has acquired 226,331 bitcoin for a total value of $15 billion, with the most recent acquisition occurring this week. Saylor has also advocated for other corporations to adopt similar practices with their own balance sheets. Fewer businesses than Saylor’s MicroStrategy have included bitcoin into their treasury plans up to this time. Dell’s balance sheet as of May 3 showed $34.6 billion in current assets, of which $5.8 billion were cash and cash equivalents, according to a recent filing. There is no mention of bitcoin.

The cryptocurrency exchange Kraken has made up for lost money in a well-publicized bug bounty exploit incident. The June 9 Kraken-Certik saga came to a conclusion when Kraken verified the repatriation of the almost $3 million worth of stolen digital assets. In a June 20 X post, Nicholas Percoco, Chief Security Officer of Kraken, verified the recovery of the cash, less transaction fees. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees).” On June 19, Kraken’s CSO made the initial announcement of the $3 million missing cash. He stated that the monies were wrongfully removed from the treasury by a “security researcher” who had found and shared an existing issue. According to Kraken, the security researcher who was withholding the money and threatening to phone the exchange’s business development team in exchange for a reward was extorting them. Blockchain security company CertiK publicly identified itself as the “security researcher” that Kraken claimed stole $3 million in digital assets shortly after the latter posted about the lost monies. CertiK said in an X post on June 19 that it had notified Kraken of an issue that enabled it to take millions of dollars out of the exchange’s users’ accounts. Certik further asserted that the exchange’s crew had threatened him. “After initial successful

According to Arkham data, a German government entity transferred $425 million in bitcoin (BTC) to a different wallet address today, transferring some of the money to deposit wallets on cryptocurrency exchanges and returning the rest to the original location. 6,500 BTC were transferred from the wallet address, which Arkham had previously determined to be associated with the German Federal Criminal Police Office (BKA), to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and back again. According to transactional data, a $32 million bitcoin tranche was put on the cryptocurrency exchange Kraken, and a comparable sum was deposited on Bitstamp. The company seems to have transferred $130 million in Bitcoin to “service wallets,” which typically denotes a “intention to sell in the near future,” according to Arkham CEO Miguel More, who spoke with CoinDesk over Telegram. The moves on X were already noted by Mantle blockchain strategist @Defi_Maestro. The owners of the 2013-active movie piracy website Movie2k.to lost about 50,000 BTC, or more than $2 billion, to BKA. According to Arkham, the BKA obtained the bitcoin in mid-January following a “voluntary transfer” from the accused.

Crypto exchange Kraken has disclosed that $3 million worth of digital assets that it had taken advantage of in a newly found fault are still in the control of a research team.On June 9, a cryptocurrency exchange was notified by an unidentified self-described “security researcher” who had discovered a serious vulnerability. According to Nick Percoco, the chief security officer of Kraken, two accounts connected to the security researcher have taken advantage of the defect and taken out more than $3 million in digital assets. The security researcher is requesting a reward for the cash that were stolen after the multi-million dollar withdrawal, according to Percoco, who posted on June 19 on X. “Instead, they demanded a call with their business development team (i.e. their sales reps) and have not agreed to return any funds

According to a research report published on Tuesday by broker Bernstein, MicroStrategy (MSTR) is not simply a software company expanding its corporate treasury into cryptocurrency—it is also leading the way in the bitcoin (BTC) capital markets. “MSTR is the only corporate that has developed institutional demand for bitcoin linked convertibles,” analysts Gautam Chhugani and Mahika Sapra wrote. According to the broker, MicroStrategy has obtained $4 billion in convertible debt to far with the sole intention of purchasing additional bitcoin. One kind of financial instrument that can be changed into shares is a convertible bond. Presently, Michael Saylor’s company owns 214,400 bitcoin, which is valued at almost $14.5 billion. In 2020, it began purchasing cryptocurrencies as a reserve asset.“No

As per a research report released by the Wall Street bank on Monday, the combined market capitalization of the 14 U.S.-listed bitcoin (BTC)

According to asset management CoinShares, investors withdrew $621 million from bitcoin investment products last week due to conflicting U.S. economic signals. The losses

Curve Finance (CRV) founder and CEO Michael Egorov commented on the recent UwU Lend hack, stating that Curve Finance was not the target

An alert regarding an increase in impersonation schemes, which frequently use “the names and titles of government employees,” was released on June 12

In the past day, the value of SOL, the native token of Solana, has decreased by 3.45%, landing at roughly $143.50 on June

After hitting one-month lows, traders are prepared with their price objectives for Bitcoin; which will materialize? The total cost price of all the

As part of a massive budgetary makeover, Turkey is getting ready to enact new taxes, one of which will be a 0.03% transaction

The largest corporate bitcoin (BTC) holder, MicroStrategy (MSTR), a software company listed on the Nasdaq, upped the size of its convertible note offering

The Swiss financial authorities closed and declared bankruptcy of FlowBank, an online Swiss bank that exposed its clients to cryptocurrency. The lender “no longer had sufficient capital for its operations as a bank,” according to the Swiss Financial Market Supervisory Authority (FINMA), which also stated that minimum capital standards had been “significantly and seriously breached.” FINMA made this announcement on Thursday. In addition, FINMA stated that there is “no prospect” for a restructuring and “well-founded concerns that the bank is currently over-indebted.” In a letter to customers posted on FlowBank’s website, the bank said FINMA’s decision to shut it down had been made yesterday.

Bitcoin saw a sharp increase leading up to the June 12 Wall Street open following an unexpected decline in US inflation figures. A sudden spike in the price of bitcoin to $69,636 on Bitstamp was documented by data from TradingView and Cointelegraph Markets Pro. When the Consumer Price Index (CPI) for May revealed faster-than-expected inflation, bitcoin surged $1,500 in a matter of seconds. The year-over-year total was 3.3%, which was 0.1% less than expected, but the month-over-month CPI remained steady from the previous month.“The all items index increased by 3.3 percent in the year that ended in May, which was less than the 3.4 percent gain in the year that ended in April. According to an official press release from the U.S. Bureau of Labor Statistics, “the all items less food and energy index increased by 3.4 percent over the last 12 months.” The result was a boon for risk assets, including crypto, which had suffered in the run-up to CPI in what had