Digital asset thefts surged in April as decentralized finance platforms faced a series of massive security breaches The cryptocurrency sector experienced a staggering increase in criminal activity during April, with total losses from exploits exceeding $630 million. This figure represents the highest monthly total for digital asset theft in over a year, signaling a dangerous
Alexander Mashinsky has agreed to pay $10 million following the Celsius collapse The founder of the defunct cryptocurrency platform Celsius Network, Alexander Mashinsky, has reached a settlement with the Federal Trade Commission. It includes a significant financial penalty and a lifetime ban from the industry. Under the terms of the agreement filed in the Southern
The company explains the move as a means for being more transparent and gaining trust In a move to bolster transparency within the digital asset sector, the Jack Dorsey-led firm announced that its corporate treasury, alongside flagship services Cash App and Square, now utilizes on-chain signatures for asset verification. By implementing this system, the company
The partnership will pilot blockchain-based international remittance services in South Korea South Korean internet-only lender Kbank has entered into a formal agreement with Ripple to explore the integration of blockchain technology for overseas fund transfers. This collaboration aims to leverage Ripple’s extensive global network to enhance the speed, affordability, and transparency of cross-border transactions. Kbank
A major cryptocurrency political action committee has committed millions to influence key Texas and national primary races. The Fellowship political action committee (PAC), an organization closely aligned with the cryptocurrency industry, has initiated a massive advertising blitz totaling over $3 million. According to recent filings with the Federal Election Commission, a significant portion of this
SBF has officially withdrawn his request for a new trial while maintaining his current appeal. The former head of the FTX cryptocurrency exchange, Sam Bankman-Fried, has formally retracted his motion for a new trial in the Southern District of New York. This move marks another shift in the complex legal aftermath following the collapse of
The lawsuits accuse the companies of offering illegal gambling through their prediction market platforms Legal actions initiated by the New York Office of the Attorney General assert that Coinbase Financial Markets and Gemini Titan have circumvented state regulations by offering unlicensed prediction markets to the public. According to the lawsuit, these platforms function as unauthorized
Scammers are using the Strait of Hormuz closure to trick shipping companies into paying fake fees Maritime risk experts have issued an urgent warning regarding a sophisticated cryptocurrency scam targeting vessels stranded near the Strait of Hormuz. Fraudulent actors, impersonating Iranian security officials, are contacting shipping firms to demand transit fees in exchange for guaranteed
The exchange continues to integrate more advanced digital assistants into its daily operations Coinbase CEO Brian Armstrong has his eyes on artificial intelligence (AI). He announced over the weekend that the cryptocurrency exchange is rapidly deploying AI agents designed to automate workflows and enhance productivity. Coinbase is testing AI agents that show up in slack/email
Foundation announces shutdown after unsuccessful attempt to complete a sale to Blackdove NFT marketplace Foundation has announced it will shut down after a failed attempt to sell its assets to Blackdove, a digital art platform. The company confirmed that negotiations did not result in a completed deal, removing its primary path to continued operations. Without
Officials are pushing Congress to advance delayed crypto market structure legislation before elections The White House has intensified efforts to encourage Congress to advance bills on cryptocurrency market structures ahead of the midterm elections. Treasury Secretary Scott Bessent, along with senior policy advisers, has publicly supported the bill, emphasizing the need for regulatory clarity in
The integration is expected to enhance eToro’s offerings in tokenized assets, yield products and prediction markets Trading platform eToro announced today an agreement to acquire Zengo, a provider of self-custodial cryptocurrency wallets. The acquisition is a strategic move to bolster eToro’s presence in the onchain market, integrating Zengo’s specialized wallet technology into its existing infrastructure.
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