Latest news — Page 676

Bendigo Bank introduces restrictions on immediate crypto payments to protect its customers from scams, echoing actions of three other Australian banks.

The recent amendment in the 2024 National Defense Authorization Act may introduce uncompliable KYC measures for stablecoins like USDC.

The IRS has issued a ruling declaring that crypto staking rewards must be included as gross income in the U.S., at their fair market value when received.

LeetSwap halts trading to investigate a potential $630,000 exploit in its liquidity pools, engaging security experts to unravel the breach's details.

Binance CEO Changpeng Zhao expresses concerns about major stablecoins and reveals plans to diversify with smaller algorithmic options and a new Digital USD in Hong Kong.

In July 2023, the cryptocurrency market faced $486 million in outflows following major hacks and legislative activity, with 99% of the stolen assets remaining unrecovered.

Salsal, a groundbreaking blockchain-based service by two academics, aims to protect, authenticate, and record historical artifacts, ushering a new era in cultural preservation.

Investors experienced a dramatic loss as the BALD memecoin's value plummeted 85% after its developer allegedly pulled $1.9 million in liquidity from Coinbase's Base network.

The California-based Open Ordinals Institute, dedicated to supporting NFTs on Bitcoin's blockchain, has launched with a strong team, including the influential Casey Rodarmor.

Michael Egorov, founder of Curve Finance, sold 50 million CRV tokens at a discount to questionable buyers, aiming to alleviate his significant DeFi debt, sparking concerns and ethical debates.

Kenya's government has suspended Worldcoin's activities, citing concerns over iris scanning for digital IDs. An investigation into the legality and potential risks is now underway.

MicroStrategy turned a profit in Q2 2023, thanks to reduced impairment losses and Bitcoin price surge; plans to expand Bitcoin holdings.

FTX's draft bankruptcy exit plan faces strong criticism from its Unsecured Creditors Committee, who claim they were ignored and demand changes.

GameStop is set to withdraw its digital wallets in November due to regulatory uncertainty in the crypto space, reflecting the broader legal ambiguity affecting the industry in the United States.

SEC Commissioner Hester Pierce questions the agency's advisory to accounting firms about non-audit work for crypto firms, sparking a debate on transparency and ethical considerations.

Technical problems delay Binance's FDUSD stablecoin trading launch; all transactions paused to protect users amid liquidity providers' issues.

Survey reveals a lukewarm response from financial analysts regarding the implementation of central bank digital currencies, with diverse opinions across regions and professions.

The Bank of Italy's Milano Hub supports Cetif Advisory in researching a security token ecosystem for institutional DeFi, hoping to enhance understanding and safety.

Binance introduces "Bixel," an AI-powered NFT artwork generator, amidst controversy over plagiarism allegations from a previous hackathon winner.

Facebook's parent company, Meta Platforms, has been slapped with a $14 million fine by the Australian court over improper data collection through a now-defunct app.

The U.S. House Financial Services Committee deliberates on a range of bills aimed at bringing regulatory clarity to the crypto industry amidst diverse opinions.

Ex-FTX CEO, Sam "SBF" Bankman-Fried, might lose his $250 million bail over alleged intimidation attempts against a former partner, pending court decisions.

SushiSwap, a decentralized finance platform, is set to integrate with Core blockchain, enhancing developer opportunities and functionalities within both ecosystems. This partnership also improves security and scalabil…

MicroStrategy's co-founder, Michael Saylor, expressed confidence in expanding the firm's Bitcoin holdings, despite potential ETF approvals, and plans a $750 million share sale to acquire more Bitcoin.

Robinhood records its first profit as a public company in Q2 2023, overcoming a decline in revenue, with net income of $25 million.

U.S. Democratic Senators have urgently called on the IRS and Treasury to close cryptocurrency tax loopholes, warning of significant revenue loss.

A recent study by the Network Contagion Research Institute reveals Twitter bots' significant role in inflating altcoin prices, raising questions about orchestrated influence, including a potential link to FTX and cele…

Chulalongkorn University's Kanis Saengchote develops G-SIP, a unique framework to identify and measure systemic risk in decentralized finance, inspired by traditional banking protocols.

MIT's Digital Currency Initiative, in collaboration with Boston's Federal Reserve, has revealed the PArSEC platform.

Space and Time's Proof of SQL uses innovative zero-knowledge-proof technology to cryptographically validate information queries, offering tamper-proof data to various sectors, such as finance and AI, and bolstering de…

Alphapo's crypto payment services faced a breach, leading to a $60 million loss. The alleged attack is suspected to be orchestrated by the Lazarus Group.

Avalanche Foundation’s Avalanche Vista initiative launches, pumping $50M into tokenization, with potential applications far beyond the real estate sector.

Mehmet Fırat proposes a revolutionary educational model, the SOEE, combining AI, blockchain, NFTs, and DAOs, to democratize and personalize learning experiences.

Deloitte partners with crypto analytics firm Chainalysis to enhance blockchain tracking, aiding in crypto investigation, compliance, and law enforcement.

As 2022's crypto value decline led to significant layoffs, recent signs point to a slowdown in job cuts, with KuCoin debunking rumors of massive layoffs.

Namibia enacts law to regulate virtual asset services, reversing a 2017 ban and adopting measures to protect consumers and prevent market abuse.

Jimmy Butler seeks exclusion from a lawsuit accusing him of promoting unregistered securities via Binance, stating he didn't endorse such securities.

The new xERC-20 token standard, proposed by Connext, aims to bolster cross-chain bridge security by giving more control to token issuers and minimizing bridge hacks' potential damage.

While Bitcoin remains the dominant cryptocurrency investment product, Ether and XRP are seeing an uptick in interest and inflows, indicating a shift in investors' preferences.

Binance and CEO Changpeng Zhao are preparing to counter a lawsuit by US regulators, intending to file a motion to dismiss the accusations.