The cyberattack on Orbit Bridge just before New Year’s Eve pushed the cumulative crypto losses to almost $100 million in December. Blockchain security companies reported that the recent assault on Orbit Chain’s cross-chain bridge caused the crypto stolen in December to approach $100 million. On January 1st, PeckShield, a blockchain security firm, revealed that the […]
Category: Crypto
Ethereum co-founder Vitalik Buterin has unveiled an updated plan for the network’s goals in 2024. Buterin shared this roadmap on December 30 through a series of X posts, confirming that it would involve only minor changes compared to the previous year. The primary focuses for Ethereum (ETH) in 2024, as outlined by Buterin, encompass the […]
Rumors are circulating that a U.S.-based bitcoin ETF might get regulatory approval this week. On the first day of the new year, the price of bitcoin (BTC) surged by more than 6%, crossing the $45,000 mark for the first time since early April 2022. This recent upward trend seems to be driven by the expectation […]
Seven of the 13 applicants for spot Bitcoin ETFs filed revised S-1s with the SEC on the day of the deadline. An official decision is expected by Jan. 9, and trading should begin around Jan. 11. If a launch is approved, issuers may be notified as soon as Jan. 3. The hopefuls in the race […]
The Financial Intelligence Unit, a government agency in India responsible for scrutinizing financial transactions, made an announcement on Thursday that it considers nine global cryptocurrency exchanges, including notable names like Binance, Bitstamp, Kraken, Kucoin, Gate.io, and Mexc, to be operating in violation of the country’s anti-money laundering regulations, characterizing their operations as “illegal.” As a […]
Today’s A17 edition of the Ta Kung Pao pointed out that the Hong Kong SAR government strongly supports the development of virtual assets, green finance and other directions, while providing strong support for family offices. Since last year, the SAR government has gradually relaxed its investment policy on cryptocurrencies, and the Hong Kong Stock Exchange […]
CryptoQuant data shows that after a large amount of withdrawals this week, the Bitcoin reserves of cryptocurrency miners have dropped to the lowest point since May. This indicates that selling pressure is increasing, as miner reserves measure the amount of tokens held in subsidiary miner wallets, which may signal the prelude to selling as tokens […]
New Delhi: In a significant regulatory move, India’s Financial Intelligence Unit (FIU-India) has served show-cause notices to nine major offshore cryptocurrency platforms for alleged non-compliance with the country’s financial regulations. The directive, which targets industry giants including Binance, Kucoin, and Huobi, marks a pivotal moment in India’s approach to overseeing the burgeoning digital asset market. […]
Canadian cryptocurrency exchange CatalX has temporarily halted its operations following a suspected insider job that resulted in a security breach. On December 28, CatalX CTS Ltd., the operator of the Canadian crypto exchange, issued a press release stating that it had experienced a “security breach,” leading to the loss of cryptocurrency assets held on behalf […]
Bankrupt crypto lender Genesis has agreed to settle $1 billion in claims by defunct crypto hedge fund Three Arrows Capital (3AC) with a payment of $33 million, court documents show. The hedge fund’s collapse in June 2022 marked the first storm in a long crypto winter, and its claims against Genesis refer to transfers made […]