CoinStats says $2.2 million worth of crypto was stolen in June hack by ‘sophisticated attacker’
The crypto portfolio tracking app blamed a $2.2 million hack in June on a sophisticated and nation-state affiliated hacker, likely the Lazarus Group. According to the company, the attacker compromised…
Massive Volatility in Crypto Markets Amid Donald Trump Shooting.
Bitcoin soared past $60,000 for the first time in weeks.The biggest news in the past 24 hours involved the Republican presidential candidate in the US – Donald Trump – who…
OpenAI is Developing a New AI Model That Can Think Like Humans.
OpenAI, the company behind ChatGPT, is working on a new AI model named “Strawberry” that aims to make artificial intelligence think more like humans do. According to a Reuters report…
Weekly Bitcoin Fees Fall to Lowest Level in 8 Months: ITB.
Fees on the Bitcoin network have decreased by 18% this week after dropping 27% from the previous one. Transaction fees on the Bitcoin network have continued to decline months after…
Bail Denied for Tornado Cash Dev Alexey Pertsev Amid Money Laundering Conviction Appeal.
The 31-year-old Tornado Cash dev was recently sentenced to 64 months in prison.A Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering…
BlackRock interested in participating in MakerDAO’s ‘Grand Prix’.
BlackRock, the world’s largest asset manager, is looking to participate in decentralized stablecoin issuer MakerDAO’s “Grand Prix,” a competition aimed at bringing in $1 billion of tokenized assets onto the…
Nigerian Court Sets Binance Tax Evasion Case for October.
A Nigerian Federal High Court has fixed October 11 as the date to announce its decision on the tax evasion case against the cryptocurrency exchange, Binance. The company is accused…
Judge Criticizes Coinbase’s Attempt to Subpoena SEC Chair Gary Gensler
Judge Katherine Polk Failla remains unconvinced by Coinbase’s request to subpoena SEC Chair Gary Gensler’s personal communications. In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s…
House Fails to Overturn Biden’s Veto on Crypto Custody Guidance, SEC Offers New Path.
The United States House of Representatives has failed to overturn President Biden’s veto of a measure that would have nullified SEC guidance on crypto custody services.The Security and Exchange Commission’s…
Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share.
Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still…