Crypto news

Sygnum, Fireblocks and Wyden Join Forces to Enable Crypto Asset Offering for Luzerner Kantonalbank AG Sygnum, Fireblocks and Wyden have teamed up to offer Luzerner Kantonalbank (LUKB) a fully integrated solution for the trading, custody and transaction monitoring of crypto assets. The fully licensed universal bank plans to offer crypto assets to its clients by end of 2023 at the earliest. Sygnum, the world’s first digital asset bank, Fireblocks, an...

Heather Rhiannon Morgan (aka “Razzlekhan”, 33) pled guilty to a money laundering conspiracy in connection with the 2016 Bitfinex hack on Thursday, which saw more than 119,756 Bitcoin (BTC) robbed from customers. This came moments after her husband, Ilya “Dutch” Lichtenstein (35), pleaded guilty to being the man behind the hack itself. Bitfinex Hacker Confirmed In Washington, D.C., federal court, Lichtenstein confessed to both stealing and laundering the funds, officially...

The Australian Securities and Investments Commission (ASIC) filed a lawsuit against the trading platform eToro, alleging that its contract for difference (CFD) product could harm investors. That type of monetary tool is a leveraged derivative contract that enables customers to speculate on the prices of equities, commodities, stock market indices, and digital assets.  The platform was among the first in its field to hop on the cryptocurrency bandwagon, allowing trading...

Bankrupt cryptocurrency exchange FTX has filed a motion to remove its Dubai unit from the ongoing bankruptcy proceedings in the United States. According to a document submitted to the U.S. Bankruptcy Court for the District of Delaware, FTX Dubai did not conduct any business activities in the United Arab Emirates (UAE) before the global entity filed for bankruptcy and is unlikely to resume its operations. Dismissing FTX Dubai From Bankruptcy Proceedings FTX Europe established...

The American investment platform Robinhood released its financial results for the second quarter, revealing that crypto trading revenue plunged by 18% compared to the Q1 figures. One reason behind the downtrend could be the company’s decision to delist certain digital assets, deemed securities by the US SEC, such as Solana (SOL), Cardano (ADA), and Polygon (MATIC). The Latest Numbers Despite reporting solid overall profits in Q2, Robinhood announced that crypto trading...

Crypto trading platform Bitstamp has introduced an XRP lending service offering a “permanent” 2% yield, shortly after relisting the asset for trading last month. This puts XRP on an already sizable list of coins viable for 2% APY on Bitstamp, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether USD (USDT). Permanent Yield On XRP? As explained by Bitstamp in a blog post on Thursday, the company partners with Tesseract for its lending service, which “only lends...

The Tel Aviv Stock Exchange (TASE) inked a deal with the crypto custodian Fireblocks to offer “a comprehensive range of innovative and secure digital asset products and services.”  Israel’s only public stock exchange labeled the partnership as “crucial in the new era of innovation” since it could boost the future advancement of the cryptocurrency sector across the globe.  The TASE revealed that the collaboration with Fireblocks builds upon “the resounding success” of Project...

Arkham Intelligence, a leading blockchain-centric cybersecurity firm, recently launched “the world’s first on-chain intelligence exchange,” a platform where users can post bounties for whoever can uncover information related to the ownership of on-chain assets. The platform – which has generated quite some controversy already, partly due to inadvertently doxing its own early adopters – was launched together with ARKM, a proprietary token meant to facilitate the exchange of...

Records show one of United States President Joe Biden’s Senate closest allies placed a substantial financial wager against the country’s economy last month. The latest development comes amidst mounting regulatory pressures on the cryptocurrency industry by the US regulatory watchdogs that have argued that the asset class poses a serious threat to the economy. Shorting the US Economy According to reports, Senator Thomas Carpel, a member of the Senate Finance Committee,...

Ethereum developers are working to take their digital baby to the next level. They’re now establishing something called “distributed validator technology” or DVT. Ethereum Continues Its Trek Forward Right now, there are more than 600,000 Ethereum validators in the world. The problem is they are too independent of each other, so what one might see as a successful pushing of transactions forward, another might see as a failure. Also, these validators are still prone...