Tag Archives: News

Hong Kong-based BTC ETFs peaked past $250 million in AUM, marking a tremendous achievement for the crypto industry in the jurisdiction. The amounts managed by BTC ETFs in the US eclipse those in Hong Kong. With crypto ETFs becoming an important narrative of the industry, those offered in the US make the news on a near-daily basis due to their popularity. Nevertheless, Hong Kong-based BTC ETFs are now breaking the news as they surpass $270 million in assets under management (AUM). While the...

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Fireblocks, a leading digital asset infrastructure provider, has announced its support for Yellow Card, a prominent stablecoin on/off ramp in Africa. This collaboration aims to streamline cross-border crypto transactions across the continent. Announced on X, the company revealed its ambitious goal of expanding to 14 million wallets through its Wallet-as-a-Service. Fireblocks will enable Yellow Card to benefit from its enhanced digital asset architecture for stablecoin transactions in Africa....

On August 23, 2024, U.S. District Judge William H. Orrick denied crypto exchange Kraken’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that some of Kraken’s cryptocurrency transactions could be classified as investment contracts and thus fall under securities regulations. According to the received evidence, Judge Orrick decided that Kraken generated more than $43,000,000 in revenue for the trading fees and allowed almost any transaction...

Tether recently assisted the US DoJ in recovering close to $5 million worth of USDT lost in a romance scam. It has reclaimed $108 million from scams since it launched in 2014. Tether, the firm behind the largest stablecoin by market capitalization, USDT, claimed it has helped victims of fraud and law enforcement agencies reclaim $108.8 million worth of USDT since its inception in 2014. The stablecoin issuer can track the flow of its asset, possessing the capability to block wallets from...

Polygon’s Discord channel was hacked today, with one team member asking users not to click on any links on the group. A user has stated they lost $150,000 from their Ethereum pool because of this hack. The official Polygon Discord channel was hacked earlier today. Its chief information security officer, Mudit Gupta, warned users of the incident. “PSA: Do not click on any links in the @0xPolygon community discord until further notice. It has been compromised and we’re trying to get back...

Nervos CKB, known for its secure and versatile blockchain platform, has announced the launch of a new initiative called Fiber Network. This next-generation open lightning network aims to enhance blockchain transactions. It will offer decentralized, low-cost, and rapid multi-currency payouts and peer-to-peer transfers for RGB++ assets. The Fiber Network, which is expected to go live for testing next week, is a common lightning network based on Nervos CKB and off-chain channels. It is aimed at...

Bitcoin (BTC) experienced a significant surge on Friday, climbing to nearly $64,000. This boost in price followed two major events that positively impacted the cryptocurrency market. The first was when the US Federal Reserve Chairman Jerome Powell mentioned that a monetary easing cycle would begin in the following month. This news led to a 3% increase in Bitcoin price within the next session of trading. The second one was the moment with the Independent presidential candidate Robert F....

Kraken was found guilty of providing its product without conducting a target market determination and operating a credit facility in Australia. The ASIC, the regulator that brought the suit, and Kraken’s local entity, Bit Trade, have seven days to negotiate settlements. Australian federal court ruled against Kraken’s local entity, Bit Trade, in a suit brought against it by the Australian Securities and Investments Commission (ASIC). The regulator claimed that Bit Trade launched its product...

The AMOS stealer targets wallets on MacOS devices to drain the funds they hold. Its developers advertise it as popular applications used in the MacOS ecosystem, only to have users download the malware from spoofed sites that look like the real deal. The AMOS—short for Atomic MacOS—malware has received an upgrade that allows it to clone wallet applications on devices operating with MacOS. The group behind its development, ‘Crazy Evil,’ is advertising it via Google AdSense, masking it as...