Coinroot

TL;DR Starknet set the foundations to be the home for complex, computational-hungry, and innovative DeFi platforms, onchain games, dynamic NFTs, and more. Starknet continues to have the fastest-growing dev ecosystem among all L2s (and a few L1s). StarkWare open-sourced key elements such as Stone Prover, Starknet sequencer, and Papyrus full node in 2023. Read on […]

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 […]

In a bid to intensify the crackdown on crypto, China is calling for strict measures against illegal foreign exchange trading involving USDT. China is seemingly preparing to double down on its crypto crackdown, with the Supreme People’s Procuratorate (SPP) and State Administration of Foreign Exchange (SAFE) highlighting criminal cases involving the USDT stablecoin in a recent statement, according […]

Decentralized finance (DeFi) platform Raft lost some $3.3 million in ether (ETH) after being hacked Friday afternoon – but the attacker may have suffered a loss on the heist. On-chain data shows that the attacker drained 1,577 ETH from Raft, then sent 1,570 ETH to a burn address – destroying most of the stolen assets and leaving […]

107074612-1655108062602-gettyimages-1236340828-PO1_0004-1280x853.jpg

Celsius, the crypto lender, has received approval from a New York court for its exit from bankruptcy, a process initiated in July of the previous year. The plan approved by the lender’s creditors will enable them to recover up to 85% of their holdings. For customers who had funds locked up in Celsius, they will […]

In a significant move to regulate the burgeoning Hong Kong stablecoin market, the Hong Kong Monetary Authority (HKMA) the Financial Services, and the Treasury Bureau jointly announced a groundbreaking legislative proposal. Meanwhile, the initiative aims to establish a regulatory framework for stablecoin issuers, reflecting the evolving landscape of virtual assets. Notably, the proposal, marked by a comprehensive […]