In a stunning turn of events, Ilya Lichtenstein, a hacker involved in the infamous Bitfinex heist, recently revealed the intricate details of the massive cryptocurrency theft that shook the world in 2016. Lichtenstein’s testimony during a money laundering trial shed…
Hong Kong Enacts Stringent Regulations to Curtail Covert Cryptocurrency Transactions
In Hong Kong, a vibrant network of small shops has emerged, offering seamless conversion between cash and cryptocurrencies. These shops, also known as over-the-counter (OTC) crypto providers, have played a significant role in facilitating the city’s booming digital assets market.…
Avail: The Ethereum Data Network Disrupting the Status Quo Secures $27M in Seed Funding
Blockchain technology has been experiencing substantial growth in recent years, making a profound impact on various industries through its decentralized and transparent characteristics. However, as blockchain networks expand and become more intricate, the management of transaction data presents a growing…
Bitcoin Price Surge to $52,000 Faces Potential First Negative Week After Recent Rally
The price of Bitcoin has experienced a significant surge, reaching a recent high of approximately $52,000, driven by a resurgence in retail trading. However, recent indicators suggest that the current rally may be losing steam, with Bitcoin on track for…
COTI Integrates Privacy-Enhancing MPC Protocol for a Privacy-Focused Layer 2 Solution on Ethereum
COTI, a digital payment network, is making significant strides in its development roadmap as it aims to upgrade into a privacy-focused Layer 2 solution on the Ethereum blockchain. One of the pivotal milestones recently achieved by COTI is the successful…
Angel Drainer Phishing Group Steals $400,000 from 128 Crypto Wallets Using Etherscan Exploit
In a recent cyber attack that sent shockwaves through the cryptocurrency community, the notorious Angel Drainer phishing group successfully pilfered over $400,000 from 128 crypto wallets. This sophisticated attack utilized a new tactic, exploiting Etherscan’s verification tool to mask the…
Kraken Challenges SEC Lawsuit, Joining Industry Peers in Defense Against Regulatory Allegations
Kraken, one of the cryptocurrency exchanges, has recently filed a motion to dismiss the lawsuit brought against it by the Securities and Exchange Commission (SEC) in a US court. This legal action by Kraken aligns it with other industry peers,…
Binance to Pay $4.3 Billion in Historic US Criminal Penalty Over Sanctions and Anti-Money Laundering Violations
Binance Holdings Ltd., has been directed to pay a substantial $4.3 billion in criminal penalties. This notable ruling, endorsed by US District Judge Richard Jones, represents a significant legal milestone in the United States, revealing the company’s involvement in questionable…
Circle Axes $28 Billion USDC Support on Tron Amid Risk Management
In a significant development within the digital asset sector, the operator of the $28 billion USDC stablecoin has made the decision to discontinue its support for the Tron blockchain. Circle Internet Financial Ltd., the operator of USDC, announced this move…
Binance Labs Backs Renzo for DeFi Growth and EigenLayer Adoption
Binance Labs, the renowned venture capital and incubation arm of Binance, has recently made a strategic investment in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. Renzo’s mission is to drive the widespread adoption of EigenLayer, a…