According to a survey by Crystal Intelligence, since 2011, around $19 billion worth of cryptocurrencies has been lost in thefts, and the sector is still struggling with an increase in blockchain-related criminality. 785 instances of cryptocurrency theft are recorded in the paper, including 220 security lapses, 345 cyberattacks involving decentralised finance (DeFi), and 220 fraud

According to media reports on Wednesday, Zimbabwe is looking for feedback on the cryptocurrency market in order to create policies for the industry. By June 26th, the government wants feedback from the committee it established to confer with operators in the digital asset field. Many nations have been attempting to comprehend cryptocurrency and control the

Asset manager Bitwise stated in a research on Wednesday that by 2030, cryptocurrency and artificial intelligence (AI) would boost the world economy by a combined $20 trillion. The senior crypto research analyst Juan Leon stated that “the intersection of AI and crypto is going to be even bigger than people imagine” and that “two industries

The Securities and Exchange Commission (SEC) of Thailand has withdrawn two of the cryptocurrency exchange Zipmex’s operating licenses following months of regulatory examination. The SEC said on June 11 that, as of May 28, Zipmex was no longer permitted to function in Thailand as a cryptocurrency broker and digital asset exchange. In February, the regulatory body mandated that Zipmex cease providing services to Thai users until it could rectify its financial standing and operational shortfalls. The exchange was, in the Finance Minister’s opinion, “still in contravention” of the directives. “Zipmex is required to return assets to its clients or proceed according to their clients’ requests,” said the SEC. “If any clients do not notify their requests or claim their assets, Zipmex must deposit the unclaimed assets in a trusted and secure system and must report its proceedings, step by step, to the SEC

Layer-2 network Polygon Labs announced on Tuesday that it is launching a Community Grants Program to incentivize builders to construct inside its ecosystem.Over the course of the next ten years, the program seeks to give developers ownership of one billion POL, Polygon’s soon-to-be rebranded MATIC token. On Tuesday, the program went live, allowing users to distribute 35 million tokens, which are currently valued at $23 million. This first tranche of tokens will be valued in MATIC, as the network is in the process of switching from its existing coin, MATIC, to the new POL ticker. The program will tap into funds made available by Polygon’s Community Treasury, and the team shared that roughly 100 million POL tokens will be given out each year. There are two paths available to those who want to take part in the program. First, there is a “General Grant Track,” as the company refers to it, for builders who want to construct anything on Polygon. The second is the “Consumer Crypto Track,” which focuses on initiatives like gaming, decentralized social apps, blockchain and AI integrations, and NFT technologies that encourage the adoption of cryptocurrencies. “The grant program follows proposals to ensure that Polygon becomes a strong, community-governed aggregated network of chains,” Polygon wrote in a blog post.

Japanese investment company Metaplanet revealed that it had acquired another bitcoin (BTC) for 250 million yen ($1.6 million), increasing its total holdings of the largest cryptocurrency to 141 BTC, or roughly $9.4 million. Metaplanet’s stock increased 9.9%. Tuesday after it went public with the acquisition, which is its third since April 2024. The business stated

Three Democratic senators wrote a letter to Jerome Powell, the chairman of the Federal Reserve, on Monday stating that the Fed has held interest rates too high for too long and that a reduction is necessary. “Today, we write to the Federal Reserve (the Fed) pleading with them to lower the federal funds rate from

The Irish government approved Crypto.com’s application to register as a virtual asset service provider, enabling the cryptocurrency exchange to conduct business there. According to the Central Bank of Ireland website, the company was listed on the registry as of June 7 under the name Foris DAX. According to a statement from the company, Crypto.com will

When working with cryptocurrencies, it is essential to comprehend the sentiment of the crypto market, also known as the sentiment of the crypto investor. It provides you with an overview of the opinions and sentiments of the majority of the cryptocurrency community. Because it influences the number of people who wish to purchase or sell,

French President Emmanuel Macron dissolved parliament and ordered a quick election after his ruling Renaissance party received only around half of the seats won by Marine Le Pen’s National Rally in the European Parliament elections. The two rounds of voting are scheduled to take place on June 30 and July 7. The election is unlikely to reverse the country’s gains in the cryptocurrency business. It registered 74 cryptocurrency companies last year, with the number anticipated to increase to 100, and French officials have recently tried to recruit more digital asset companies.The United Kingdom, whose government has stated that it aspires to be a crypto hub, now has only 44 registered cryptocurrency enterprises. Macron, who was initially elected president in 2017, called the election after the National Rally, also known as Rassemblement National, won 31.4% of the seats available to French candidates. That surpassed the performance of Besoin d’Europe, the EU’s spokesperson for Renaissance. France, the EU’s second-largest member by population, was granted 81 seats out of 720. Germany, the largest, receives 96 seats. “I have heard your message,” Macron said in a televised address, “and I will not let it go without a response.” Last year, the EU, a trading union of 27 nations, passed a comprehensive, first-of-its-kind crypto package known as the Markets in Crypto Assets (MiCA) legislation.The laws enable crypto firms to operate throughout the EU if they obtain a crypto asset service provider license in any member country. The package will go into effect for stablecoin issuers on June 30, with the remainder of the legislation becoming effective by the end of the year. “I have heard your message,” Macron said in a televised address, “and I will not let it go without a response.”

The firms announced on Monday that Fireblocks, a cryptocurrency custody company, has partnered with Coinbase International Exchange, the non-U.S. division of the trading business that offers spot trading and perpetual futures to institutional and retail clients in qualifying jurisdictions. Customers of Fireblocks can now use Fireblocks’ governance and policy guidelines to safeguard exchange operations, including deposits and withdrawals, by connecting to their Coinbase International Exchange accounts, the company announced. In May 2023, Coinbase International Exchange obtained a regulatory permission to provide its services from the Bermuda Monetary Authority. Prior to adding spot cryptocurrency trading for ordinary users, it solely functioned as an exchange for derivatives for institutions. Secure hardware enclaves are paired with Fireblock’s usage of Multi-Party Computation (MPC), a cryptographic key sharing technology, to eliminate a single point of compromise from API credentials and thwart further threats including insider collusion attempts. To prevent an insider from taking funds out of an exchange account unilaterally, users can set up user roles, governance policies, and approval procedures for exchange deposit and withdrawal activities using Fireblocks’ policy engine. As per a press release, they may also check the balances of all associated accounts and make deposits, withdrawals, and rebalances via the Fireblocks Console or API. “As we continue to expand our offerings for institutional and retail clients, this collaboration underscores our commitment to providing a robust and reliable trading infrastructure for our global clientele,” said Usman Naeem, CEO of Coinbase International Exchange, in a statement.

Broker Canaccord Genuity raised its price objective for cryptocurrency financial services company Galaxy Digital (GLXY) on Monday, citing the company’s significant institutional exposure as a reason for its favourable position to profit from the structural uptake of digital assets going forward. Canaccord kept its buy recommendation on Galaxy shares but increased its price objective to

According to a report released on Friday by investment bank Architect Partners, Robinhood (HOOD) is increasing the size of its cryptocurrency business and is still growing it despite the U.S. Securities and Exchange Commission (SEC) sending it a Wells Notice last month. The bank stated that the acquisition of cryptocurrency exchange Bitstamp is indicative of

JPMorgan’s Ethereum-based private blockchain network, Onyx Digital Assets, was used by London-based funds management company Fidelity International to tokenize shares of a money market fund (MMF). According to Fidelity International, a distinct company from the US-based Fidelity Management and Research, tokenization happened almost instantly thanks to link between the fund’s transfer agent (JPMorgan’s transfer agency

Wintermute CEO Evgeny Gaevoy criticised Vitalik Buterin, Hayden Adams, and the Ethereum community, saying, “You are either building capitalism or planned socialism.” Evgeny Gaevoy, CEO of Wintermute, a startup that makes digital assets, claims that Ethereum leaders are forced to choose between promoting a socialist or capitalist economic system. Either you are constructing planned socialism

Prior to the June 7 price drop, the 15-day volatility of Bitcoin fell into “the bottom 6% of occurrences.” The 15 days preceding the steep drop on June 7 saw so little fluctuation in the price of Bitcoin that it was close to all-time lows for the cryptocurrency. According to Rapha Zagury, chief investment officer

The decentralised social media network Friend.tech has revealed that it will be working with Conduit to create Friendchain, a blockchain of its own. The decision to create Friendchain, the decentralised social media site Friend.tech, which is based on the Coinbase layer-2 network Base, has many users wondering, “Why?” Crypto trader Dr. Jojipup responded to Friend.tech’s

After US job statistics beat forecasts on June 7, there was a decline in Bitcoin, Ether, and the whole altcoin market. Traders, however, think that this is just a temporary “shakeout” before the rising trend keeps going. robust sell-off into backing. On June 7, anonymous cryptocurrency dealer il Capo of Crypto said to their 848,000

In the past day, the price of bitcoin has decreased by almost 3.25%, reaching $3,690 on June 8. The value of the entire cryptocurrency market has decreased by 3.75% over the same time period, but the BTC/USD pair is outperforming it.A minor reduction in the amount of Bitcoin held by its wealthiest whales and better-than-expected

According to data, the price of bitcoin stabilized throughout the weekend. The biggest cryptocurrency had abrupt fluctuations during the previous Wall Street open due to what was called “schizophrenic” job data from the United States. Subsequently, a collapse in altcoins intensified, resulting from market responses to a livestream featuring investor Roaring Kitty, an alias. On

Following a recent event where he raised $12 million, Donald Trump reportedly declared his intention to become the “crypto president.” As part of his 2024 presidential campaign, former US President Donald Trump is ramping up his support for cryptocurrencies and announcing his intention to become the “crypto president,” per a recent Reuters story. Trump allegedly

The Nigerian government has shifted its attention to platforms that offer cryptocurrency services as a result of the naira’s sharp depreciation and the nearly three-decade-high inflation rate of 29.9% that followed. The move by the government to stop trading naira on cryptocurrency exchanges, according to several Nigerian cryptocurrency aficionados, is expected to make things worse

The address of the Gemholic contract developer, who is purportedly supported by Binance, is currently being sought after by community members. A potential rug pull incident involving the Gemholic project and the zkSync network has the cryptocurrency world abuzz. To spread awareness, a number of people impacted by the purported Gemholic fraud have turned to