Latest news — Page 581

Fenix International invests in Ethereum, faces losses, but sees growth in OnlyFans revenue and user base.

Balancer, a decentralized financial system, faced a breach causing a loss of nearly $900,000, days after revealing a system flaw.

After a cybersecurity breach at Kroll, FTX, a bankrupt crypto exchange, halted specific user accounts. The breach potentially exposed personal user data.

The U.S. government's new crypto tax rules receive mixed reactions, with many fearing it might stifle innovation and privacy in the sector.

Attorney John Deaton criticizes SEC's action against Ripple's CEO, suggesting testimonies from former officials could clarify XRP's security status and impact crypto adoption.

Jeremy Cahen accuses Pepecoin team of insider trading after a massive PEPE token theft, while also exposing team member identities.

The imminent trial of Sam Bankman-Fried is clouded by disputes over late-submitted evidence, while concerns about his health and well-being in detention are mounting.

Tether's CTO addressed speculations on a new Bitcoin mining site photo, emphasizing security and upcoming mining software developments.

JPMorgan's research suggests cryptocurrency market's decline may stabilize soon, emphasizing on Bitcoin's futures contracts.

Hashdex proposes a unique Bitcoin futures ETF strategy, potentially easing SEC concerns about market manipulation and liquidity.

Antonio Juliano advises crypto startups to target foreign markets first due to U.S. regulatory challenges, while Coinbase CEO remains optimistic.

Australia's central bank concludes CBDC study, revealing potential benefits and existing challenges in its implementation.

Stellar Development Foundation has aligned with Bytecode Alliance, championing Wasm against the widely-used Ethereum Virtual Machine in the Web3 space.

Xiao Yi, a former Chinese official, has been sentenced to life for corruption and illicitly aiding a massive Bitcoin mining operation, highlighting China's strict cryptocurrency stance.

Former FTX CEO denies fraud and money laundering charges; court addresses health concerns and trial preparation.

The BIS study suggests cryptocurrencies could increase financial risks in developing nations, while highlighting the potential of blockchain technology and central bank digital currencies.

Bitstamp discontinues Ether staking in the U.S. following regulatory challenges.

Former OpenSea manager Nathaniel Chastain receives 3-month prison sentence for insider trading; other crypto insiders face similar charges.

Binance Labs invests in Delphinus Lab to boost ZK-proof tech and Web3 application development in a decentralized environment.

Israeli entrepreneur Moshe Hogeg faces serious allegations, including a $290 million crypto scam, following an extensive two-year police investigation.

KresusLabs debuts a curated marketplace for Polygon, aiming to enhance user experience while also introducing new SuperApp features.

Cypher lays out a two-stage strategy to address its $1 million loss, emphasizing user compensation and platform security.

Ex-corrections officer DeSalvo faces SEC charges for crypto scam targeting first responders, resulting in substantial losses.

Rarible's trading volume surges, overshadowing competitors, after staunchly supporting NFT creator royalties amidst industry shifts.

Two Tornado Cash developers are indicted for alleged unlicensed money transmission, but crypto group Coin Center challenges the claims.

Bitcoin remains bullish, with the RHODL metric supporting long-term growth despite recent price dips and changing investor dynamics.

Terra blockchain temporarily halts operations to safeguard users from phishing scams, amidst challenges and previous collapses.

Cheongju takes measures to recover unpaid taxes, eyeing crypto assets of defaulting residents, reflecting a global trend.

Maple Finance pours $5 million into Asia's expansion, joining forces with Solana and targeting growth in the digital currency sector.

A recent BIS study indicates that cryptocurrencies like Bitcoin might be increasing, rather than reducing, financial risks in developing nations. The report calls for balanced regulation and highlights potential risks.

Oman opens a new cryptocurrency mining center in Salalah, marking its second facility within a year, underscoring a push towards digital economy diversification.

Friend.tech addresses concerns over user data, clarifying it's from their open API, not a leak; Spot On Chain highlights potential API misuse.

p000 by 2024, depending on U.S. Bitcoin spot ETF approvals, with a backdrop of industry expectations and skepticism.

OpenSea phases out a tool ensuring NFT creator royalties; Yuga Labs reacts by pulling support, igniting industry-wide discussions on artist compensation.

SEC challenges Ripple's victory regarding XRP's status; Ripple advocates for continuous trial, highlighting appeal complexities.

Gemini refutes SEC's charges about its Gemini Earn service, stressing the regulator's inconsistency and lack of clarity in identifying the violated security.

PayPal suspends new crypto purchases in the UK, aligning with forthcoming Financial Conduct Authority regulations.

The launch of Shibarium was marred by technical glitches leading to declines in SHIB, BONE, and LEASH tokens.

CoinGecko's report unveils stark global differences in electricity costs affecting solo Bitcoin miners' profitability.

Recent cyberattacks disrupt Exactly and Harbor decentralized platforms, causing significant losses in Ether and other crypto assets.