The crypto space is once again reeling from a significant exploit, this time with Wasabi Protocol losing over $5 million. This incident, stemming from a compromised admin key, highlights a persistent and preventable vulnerability within Decentralized Finance (DeFi). The attack…
Gemini has achieved a significant regulatory milestone with the acquisition of a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC). This license empowers Gemini’s Olympus unit to function as an in-house clearinghouse, overseeing the settlement, risk…
Shinhan Card, a prominent credit card issuer in South Korea, has initiated a collaboration with the Solana Foundation to pilot a stablecoin-based payment system. This initiative, structured as an advanced proof-of-concept, aims to assess the viability of real-world transactions between…
South Korean prosecutors are seeking a significant prison sentence of 20 years for Jeong Sang-ho, the Chief Executive Officer of Delio, a local cryptocurrency deposit service. This severe request stems from allegations of embezzlement involving approximately 250 billion Korean Won…
The Federal Trade Commission (FTC) has issued a significant judgment against Alex Mashinsky, the former CEO of Celsius Network, imposing a $4.7 billion penalty and a permanent ban from the cryptocurrency and financial services sectors. This action follows the collapse…
Stablecoin payments firm KAST has announced the appointment of Stephanie Allen, a former senior advisor to the Securities and Exchange Commission (SEC), as its new head of corporate and policy communications. This strategic hire is intended to strengthen KAST’s engagement…
A coordinated international law enforcement operation, spearheaded by the Federal Bureau of Investigation (FBI), has resulted in the apprehension of 276 individuals suspected of involvement in global cryptocurrency-related fraud schemes. Authorities also reported the disruption of nine operational centers dedicated…
Squads, a prominent entity within the Solana ecosystem known for its multisignature protocol, has successfully secured $18 million in a strategic funding round. The capital injection is earmarked for scaling its recently launched stablecoin platform, Altitude. This development signifies a…
Bitcoin and other major cryptocurrencies experienced a downturn following the Federal Reserve’s decision to maintain current interest rates. This move, marked by the most divided policy vote in over three decades, has tempered expectations for imminent rate reductions by the…
Renowned macro investor Paul Tudor Jones has reiterated his positive stance on Bitcoin, describing it as an “unequivocally, the best inflation hedge that there is.” His comments, made during a recent podcast appearance, highlight the cryptocurrency’s potential role in mitigating…