Published 50 minutes earlier on Published 2 hours and 50 minutes earlier on After the Platypus protocol was hacked yesterday, at least 2.4 million USDC was returned to the exploited platform with help...
Tag: Breaking
SEC warns celebrities after charging NBA Hall of Famer over crypto promotion
Policy • February 17, 2023, 11:30AM EST NBA Hall of Famer Paul Pierce settled charges brought by the U.S. Securities and Exchange Commission for unlawfully touting tokens sold by EthereumMax. ...
Merit Peak, firm at heart of Reuters report, operated on Binance.US, exchange admits
Binance.US, the U.S. affiliate of the world’s largest crypto exchange, acknowledged that a market making firm called Merit Peak, which is alleged to have secretly received $400 million from the exchan...
TrueFi token clocks triple digit gain as Binance mints TUSD stablecoin
DeFi lender TrueFi’s token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin. Binance minted 49.99 million TRU at around 10 a.m. EST today, ...
Latest round of Ethereum Shapella testnet development reveals a few bugs
Testing on Ethereum’s Zhejiang testnet ahead of the Shanghai-Capella update revealed some bugs, but nothing that will affect the timeline for the introduction of staking to the network. D...
Bitcoin reaches $25,000, its highest price since June
DeFi • February 16, 2023, 11:21AM EST Bitcoin was trading at $25,108 by 11 a.m. EST, up 3.1% over the past day, according to TradingView data. That’s its highest price since June 2022. ...
Bitcoin holds firm above $24,000, with crypto prices buoyant as stocks dips
Markets • February 16, 2023, 10:22AM EST Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down. Bitc...
Bitcoin price reaches 6-month high above $24,000
Markets • February 15, 2023, 6:02PM EST Bitcoin reached its highest point since Aug. 17, and its drawdown in 2022 might have something to do with it. The leading cryptocurrency by market cap wa...
Silvergate hurtles back above $20 with crypto stocks in the green across the board
Markets • February 15, 2023, 5:10PM EST Crypto-related stocks soared in trading on Wall Street today. Silvergate, Coinbase, and MicroStrategy led the way with double-digit gains. Silvergate rose...
Senate Republican drafting proof-of-reserve legislation
Policy • February 15, 2023, 10:46AM EST Published 16 hours and 30 minutes earlier on Sen. Thom Tillis, R-N.C., is drafting legislation to require digital asset exchanges and custodians operating in th...
SEC to vote on rule that would tighten crypto custody requirements
The Securities and Exchange Commission will vote on a rule that would raise requirements for how registered investment advisers custody assets — including crypto. The agency will vote on propo...
Conflux token jumps over 40% following partnership with China Telecom
Conflux Network partnered with China Telecom, the country’s second-largest telecom provider, to develop blockchain-enabled SIM cards. Its native CFX token soared on the news. The telecom...
Fantom (FTM) Price Is Breaking Out
On-chain analysis shows that the cryptocurrency Fantom (FTM) has been experiencing a significant surge in trading activity. There has been a notable increase in the number of FTM tokens flowing into c...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
684 million BUSD burned for redemptions amid US regulatory scrutiny
Just over a day after it categorically denied regulator claims Binance USD (BUSD) is a security, Paxos has burned some 684 million of the stablecoin for U.S. dollar redemptions, on-chain data show. &#...
Susquehanna Advisors Group buys 7.5% stake in Silvergate, following Citadel Securities
Susquehanna Advisors Group reported a 7.5% stake in crypto-friendly bank Silvergate Capital. The Pennsylvania-based finance firm bought over 2.36 million shares in Silvegrate, a filing showed. S...
Sinbad crypto mixing service may be Blender in disguise: Elliptic
A shuttered crypto transaction mixer once sanctioned by U.S. regulators may have returned under a new name, according to an analysis by crypto firm Elliptic. Elliptic said that on-chain data sho...
Citadel Securities takes 5.5% stake in crypto-friendly bank Silvergate Capital; shares rise
Shares in Silvergate Capital jumped after market maker Citadel Securities reported a 5.5% stake in the crypto-friendly bank. Ken Griffen’s firm now owns over 1.7 million shares in the La J...
Former Jump Trading developers raise $19 million to build Monad blockchain
Monad Labs, a Layer 1 blockchain project co-founded by former Jump Trading developers, raised $19 million in funding led by Dragonfly Capital. Other investors included Placeholder Capital, Lemni...
Credit Suisse leads $65 million Series B in digital asset firm Taurus
Taurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round. Credit Suisse, Switzerl...
Avalanche on the verge of breaking its current structure, should you short?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The lower timeframe momentum was strongly bearish...
Magic Eden lays off 22, about 15% of staff in latests workforce cuts
Magic Eden laid off 22 people as companies across the industry cut staff amid industry-wide cuts. That amounts to about 15% based upon the 141 employees listed on LinkedIn. Magic Eden is the lat...
Tether dominates Brazil as bitcoin, ether fall out of favor
In a country where economic instability is as common as coconuts, Brazilians appear to favor the stablecoin tether as their cryptocurrency of choice. The federal tax authority, which compiles data fro...
Breaking: Circle Tipped Off NYDFS About Insufficient Reserves At Binance
– Advertisement – Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens. The USDC issuer warned the NYDFS about Binance not having enough crypto i...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
Paxos ‘categorically disagrees’ with SEC in calling BUSD a security
Paxos said it “categorically disagrees” with the U.S. Securities and Exchange Commission in calling Binance USD (BUSD) a security. The stablecoin issuer said it got an SEC Wells noti...
Silvergate, Coinbase extend losses as regulatory specter hangs over crypto
It’s been a mixed bag today for crypto-related equities as U.S. regulators continued a clampdown that has hit both staking and stablecoins. Silvergate fell 3.7% to $14.46 by 2 p.m. EST, ac...