Claims that a platform security breach resulted in the loss of $1 million in cryptocurrency from a single user account have been refuted by Yi He, co-founder of cryptocurrency exchange Binance. The co-founder of Binance posted on June 3rd. “Look closely; this user’s account was breached because their own computer was hacked; they are a lost cause. After the hack, the hacker could not withdraw funds, so the hacker sold the victim’s coins, which led to trading losses.” The same day, crypto trader Nakamao alleged that they had lost their entire account balance

The Monochrome bitcoin (BTC) exchange-traded fund (ETF) (IBTC) from Australia’s Monochrome Asset Management will go live on the Cboe Australia platform on Tuesday, the business announced. Per the company, this product is the first and only exchange-traded fund (ETF) that holds bitcoin directly in Australia. “Prior to IBTC, Australian investors could only make investments through

The attorney general’s office stated on Monday that Michael Saylor, the founder and executive chairman of MicroStrategy (MSTR), had reached a $40 million settlement with the District of Columbia, in what they described as the largest income tax fraud recovery in the district’s history. In August 2022, the District of Columbia filed a lawsuit against

According to numerous reports, including The New York Times, Claudia Sheinbaum, the former mayor of Mexico City, was elected president of Mexico, making history as the first female president. Because Sheinbaum is a member of the Morena party, which is in power in Mexico, the outcome likely indicates that the country’s crypto policy will continue.

Nayib Bukele, the pro-Bitcoin president of El Salvador, took office for a second five-year term today, and the cryptocurrency community is praising him for positioning El Salvador as a “world leader.” Salvador is in favour of bitcoin. After winning by a wide margin in February, President Nayib Bukele was sworn in for a second five-year

US President Joe Biden’s decision, according to the American Bankers Association, will “harm investors, customers, and ultimately the financial system.” Shortly before US President Joe Biden vetoed the repeal of Staff Accounting Bulletin (SAB) 121 on May 31, the American Bankers Association (ABA), the biggest lobbying group for the country’s banking sector, sent a letter

According to cryptocurrency exchange Coinbase, the US Securities and Exchange Commission “is serious about the destruction of digital assets.” According to cryptocurrency exchange Coinbase, the United States Securities and Exchange Commission (SEC) intends to keep “choking” the market by regulating it through enforcement of its rules for as long as possible. In an ongoing attempt

The ban on peer-to-peer (P2P) cryptocurrency trade by President Tinubu’s administration has angered a lot of young Nigerians, but their excitement for Bitcoin hasn’t diminished. The nation with the greatest interest in Bitcoin (BTC) right now is Nigeria, which is Africa’s largest cryptocurrency market, closely followed by El Salvador. These figures are from Google Trends.

Concern and optimism have been expressed over Nigeria’s cryptocurrency sector. Industry participants have expressed that throughout the past year, the policies and actions of President Bola Tinubu’s administration have left the sector unclear. President Tinubu of Nigeria promised to legalize cryptocurrencies and blockchain technology for the nation’s banking and financial industry in his campaign manifesto.

Gresini Racing has launched a fan-driven motorsport sponsorship program in collaboration with MotoGP Guru and SPORTPASS, a division of Animoca Brands. Fans of MotoGP will be able to purchase individual team sponsorship packages for as little as 125 euros thanks to this initiative. Graeme Warring, the founder of WePlay Media, spoke with Cointelegraph about the

Zhao intends to return to bitcoin after serving his four-month sentence at Lompoc prison. The creator of Binance, the biggest cryptocurrency exchange in the world, Changpeng Zhao, has reported to serve his term at a low-security federal prison in Lompoc, California. The information was confirmed with his legal staff at Latham & Watkins, according to

The ongoing cooperation between 21Shares and ARK Invest on other initiatives, including as the January-launched ARK 21Shares Bitcoin ETF, is unaffected by this decision. The fund was renamed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF when 21Shares submitted an amended application for their Ethereum spot ETF S-1. Furthermore, ARK Invest will no

Users suggest that the decentralised values were undermined by the anonymous VC firm’s actions, which revealed its enormous influence. This might be viewed as a mistake. The much awaited vote for UNI staking and delegation incentives on Friday, March 31 has been postponed by the Uniswap Foundation, the body in charge of the decentralised exchange

The stablecoin Tether has committed to buying up to $150 million worth of Bitdeer (BTDR) shares, which mine bitcoin (BTC).According to an announcement on Friday, Bitdeer entered into a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, resulting in proceeds of $100 million. A warrant to buy an extra 5 million shares at a price of $10 each is also included in the agreement; if fully exercised, this warrant would provide an additional $50 million.According to the Singapore-based company, Bitdeer plans to utilize the money raised to finance the development of ASIC-based mining rigs and the growth of its data centers. Following the announcement, Bitdeer’s shares increased by more than 4% to $6.08 in pre-market trading. The company that created USDT, the biggest stablecoin in the world, Tether, recently divided into four groups to represent its broader interest in growing the cryptocurrency market. The aim of one of these four units is bitcoin mining investments.

Crypto exchange Bybit has verified rumors that a number of executives have “changed roles” following a disastrous notcoin (NOT) launch that resulted in 320,000 consumers receiving $23 million in compensation. Wu Blockchain, a news outlet, first revealed that the exchange had hired new technical and spot managers and that a number of its executives had “voluntarily resigned”. “We are aware of the recent news regarding our executive movements,” a Bybit spokesperson told CoinDesk. “Bybit regularly updates its organizational structure to align with our strategic goals. Together with the team, we made a joint commitment to placing the right people in the right roles. The affected team members are not leaving the

The Japanese cryptocurrency exchange DMM Bitcoin reported that a breach cost it 48 billion yen ($305 million) in bitcoin (BTC).4,502.9 BTC “leaked” out of the exchange, according to a blog post by DMM Bitcoin on its website. To prevent more unapproved outflows, precautions have been taken. “Please be assured that we will procure the equivalent amount of BTC equivalent to the outflow with the support of the group companies and guarantee the full amount,” DMM Bitcoin said. Exchange officials have announced that all spot buys on the platform will be prohibited and that withdrawals of Japanese yen “may take more time than usual.” This is the region’s second-largest loss. In 2018, 58 billion yen were stolen from Coincheck.

When the vesting periods for projects like Aptos, Arbitrum, Starknet, and Sui conclude in June, about $875 million worth of cryptocurrency tokens will become available. In June, token vesting periods for over 30 blockchain-based projects expire, potentially releasing locked cryptocurrency valued at almost $875 million onto the market. Token Unlocks, a data tracker, indicates that

Sullivan & Cromwell and Kirkland and Ellis, two significant law firms participating in the court proceedings, have found great financial success from high-profile bankruptcy cases. Major law firms’ bitcoin bankruptcy attorneys and advisors have earned over $700 million in fees from noteworthy cryptocurrency bankruptcy cases. A number of significant bankruptcy cases have occurred in recent

The SFC’s dedication to creating a safe and open environment for virtual asset trading is demonstrated by this regulatory crackdown. It is legally mandatory for any cryptocurrency exchange operating in the region to shut down right away if they haven’t applied for an operational licence with the Securities and Futures Commission (SFC) of Hong Kong.

Web3 is a new industry that stands out for being adaptable and flexible. Within most sectors, news is characterised by a few main stories that are released each week and move slowly. Web3 is completely different, with industry-changing news articles appearing and disappearing every few hours. Web3 news moves so quickly that it can be

A report by security service firm Immunefi states that over $473 million worth of cryptocurrencies has been lost to hackers and rug pulls across 108 instances in 2024.$52 million was taken in May alone, most of it from Gala Games and SonneFinance, who had their systems breached for $21 million and $20 million, respectively. The sum represents a 12% drop from May 2023.According to the research, centralized finance organizations did not see a single attack in 2024, however the decentralized finance (DeFi) market continues to be the primary attack vector for hackers. Cyberattacks and exploits cost nearly $2 billion in revenue last year, about half as much as the year before. The last six years have seen $3 billion in cryptocurrency losses attributable to the North Korean hacker organization Lazarus. With nine hacks accounting for 43% of the total damages, Ethereum had the highest hacking volume. On 19% of the total, BNB Chain ranked second.

Bitcoin project Babylon has raised $70 million in funding to advance its plans to build staking on the world’s largest blockchain. Leading the fundraising round was Paradigm, with support from Polychain Capital and Bullish, the venture division of the cryptocurrency exchange and parent company of CoinDesk. By using bitcoin (BTC) as a staking asset, Babylon enables proof-of-stake chains to access the deep deposits of BTC for funding. The project’s goal is to increase the usefulness of the billions of dollars’ worth of bitcoin that would otherwise be languishing in users’ wallets by giving them something in return. This investment round comes after a December $18 million fundraising campaign.

The top financial regulator in New York announced on Thursday that it has released new guidelines for bitcoin service providers to gather pertinent data in order to evaluate whether or not they are handling customer service requests and complaints in a timely and equitable manner. The New York State Department of Financial Services’ guidelines outlines

According to on-chain analytics company Nansen, DBS, the biggest bank in Singapore, is an ether (ETH) whale. Presumably controlled by DBS, the blockchain address 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e had 173,753 ETH, or $647 million, at the time of publication. Ether exchanged hands for $3,730 at the time of writing. The address has reportedly made over $200 million from

Recently, while major digital assets trade listlessly, a cryptocurrency that represents the junction of blockchain and sports has emerged as a source of enthusiasm for the crypto markets. The greatest sports fan token creation platform, Socios.com, is powered by CHZ, the native token of the Chiliz blockchain. In just seven days, CHZ has increased 25%