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1 year, 7 months ago
Decentralized Exchange Unibot Hacked, $560K in Memecoins Stolen
A popular Telegram bot called Unibot, which is used for trading on the decentralized exchange Uniswap, was recently hacked. The exploit on a newly deployed contract allowed the hacker to steal around $560,000 worth…
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1 year, 7 months agoPotential Clue Emerges for Approval of Spot Bitcoin ETF by SEC
Scott Johnsson, a notable attorney from Davis Polk, has drawn attention to a closed-door meeting scheduled for November 2, which could potentially shed light on the approval of a spot Bitcoin ETF by the US…
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1 year, 7 months agoHong Kong Monetary Authority Advances e-HKD Pilot Program for Central Bank Digital Currency
The Hong Kong Monetary Authority (HKMA) has completed the first phase of its e-HKD pilot program, which aims to assess the viability of a central bank digital currency (CBDC). The program focuses on six areas,…
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1 year, 7 months agoBitcoin Celebrates 15th Anniversary: A Decentralized Revolution in Digital Currency
Today marks the 15th anniversary of the release of the Bitcoin white paper by Satoshi Nakamoto. This groundbreaking document proposed a decentralized electronic cash system that could solve the issue of double…
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1 year, 7 months agoSEC Chief Gensler's Potential Move Could Spell Trouble for Spot Bitcoin ETFs
There is speculation that Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), may reject spot Bitcoin exchange-traded funds (ETFs) in a surprising move. Bloomberg ETF analysts…
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1 year, 7 months agoTerraform Labs Co-Founder Requests Dismissal of SEC Lawsuit, Denies Wrongdoing
Terraform Labs co-founder Do Kwon and his legal team have requested a United States district judge to dismiss the securities and fraud suit filed by the federal securities regulator. They argue that the Securities…
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1 year, 7 months agoMultiple Rug Pulls Shake Crypto Market on Halloween
In a shocking turn of events on Halloween, the crypto community was rocked by a series of rug pulls, which are a type of cryptocurrency scam. These rug pulls involve sudden drops in the value of specific tokens,…
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1 year, 7 months agoSBF Faces Intense Cross-Examination in FTX Trial
The cross-examination of Sam Bankman-Fried (SBF), CEO of FTX, intensified during the fifth week of the high-stakes trial. SBF faced tough questioning about his involvement in the collapse of FTX and Alameda…
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1 year, 7 months agoUK Unveils Regulatory Framework for Crypto Assets, Embracing Innovation and Consumer Protection
In a significant development for the crypto industry, the United Kingdom’s His Majesty’s Treasury (HMT) has released an update on the regulatory framework for crypto assets. The announcement demonstrates the UK’…
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1 year, 7 months agoBillionaire Investor Stanley Druckenmiller Acknowledges Bitcoin's Brand Value and Expresses Regret for Not Owning Any
Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a recognizable brand over the past 17 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller…
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1 year, 7 months agoFTX Founder Testifies in Criminal Trial, Contradicts Former Executives' Testimonies
Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York. Bankman-Fried testified in his defense, claiming that he had no knowledge of the creation of North Dimension, an…
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1 year, 7 months agoTerraform Labs Co-founder Faces Trial for Investor Fraud and Security Questions
The trial of Terraform Labs co-founder Shin Hyun-Seong and seven others has begun in Seoul, South Korea. Shin is accused of defrauding investors, and the question of whether Luna is a security is also being…
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1 year, 7 months agoUncertainty Surrounds Future of CBDCs in Hong Kong as Pilot Program Concludes
The Hong Kong Monetary Authority (HKMA) has concluded the first pilot project of the e-HKD, a retail central bank digital currency (CBDC), but remains undecided on whether to introduce it. While CBDCs have the…
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1 year, 7 months agoUS Crypto Regulations: Misinformation Threatens Industry Growth and Trust in Institutions
Following the tragic events in Israel in October, a narrative emerged linking Hamas funding to cryptocurrencies. The Wall Street Journal published a story on October 10, authored by Angus Berwick and Ian Talley,…
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1 year, 7 months agoUK Treasury Finalizes Regulatory Approach to Crypto and Stablecoins
The UK Treasury has finalized its regulatory approach to the crypto industry, with a phased introduction set to begin in early 2024. The first phase will focus on regulating fiat-backed stablecoins, which are…
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1 year, 7 months agoVanEck's Amended ETF Filing Introduces Unique Bitcoin Seeding Approach as BTC Nears $35K
Asset management firm VanEck has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC). The amended filing reveals a unique seeding method, where the…
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1 year, 7 months agoUK Government Outlines Regulatory Framework for Stablecoins
Bitget, a prominent cryptocurrency derivatives and copy trading platform, has recently announced its plans to list TIA, the native cryptocurrency of Celestia’s blockchain ecosystem. This move positions Bitget as o…
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1 year, 7 months agoUK Government Outlines Phased Regulation of Fiat-Backed Stablecoins
The UK government has released a policy update outlining the regulation of fiat-backed stablecoins in the country. The update focuses on two areas: the use of stablecoins in payment chains and their issuance and…
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1 year, 7 months agoUniswap Foundation Transfers $40 Million Worth of UNI Tokens to Crypto Exchanges
Uniswap Foundation has transferred nearly 10 million UNI tokens, worth over $40 million, to various crypto exchanges in the past week. According to blockchain analyst Lookonchain, 3.4 million UNI tokens were sent…
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1 year, 7 months agoUK Government Plans to Regulate Fiat-Backed Stablecoins Under FCA Authority
The United Kingdom government has released an update on its plans to regulate fiat-backed stablecoins. The aim is to facilitate and regulate the use of these stablecoins in the country’s payment chains. The g…
