crypto news
58 articles about crypto news — crypto guides, analysis, and market commentary.
Philippines' central bank says Binance and its local partner lack licenses to operate
The Central Bank's Statement The Bangko Sentral ng Pilipinas (BSP) released a statement on Tuesday, December 10, stating that Binance, the world's largest cryptocurrency exchange by trading volume, is not authorized to operate in the Philippines. This statement comes after the central bank conducted an investigation in
White hats rescue $500K in NFTs after Flooring exploit
NFT Market Cap Cools Down The NFT market has seen a significant cooling down since its peak in April. According to CoinGecko data, the overall market cap for NFTs has dropped from over $100 billion to around $10 billion. This decrease in market cap can be attributed to the overall decrease in demand for NFTs and the sa
America's largest banks are building a new digital currency network to stop a massive deposit drain
Tokenized Deposits: Revolutionizing the Banking Industry In recent years, stablecoins like Tether (USDT) and USD Coin (USDC) have risen in popularity as a way to transact and store value on blockchain networks. However, traditional banks are not willing to be left behind in the digital currency revolution. JPM Coin: Th
U.S. CFTC opens crypto 'perp' door with first approval at regulated firm
This move has been highly anticipated by the crypto community and has sparked a lot of discussion on social media platforms such as Twitter and Reddit. Crypto Perpetual Futures Contracts: The CFTC has outlined guidelines for U.S. firms looking to offer crypto perpetual futures contracts. These contracts allow traders t
Wall Street gets new crypto rival after Texas bank completes regulatory pivot
Introducing the National Charter for Digital Banking United Texas Bank has officially launched its National Charter for Digital Banking, a groundbreaking initiative that aims to revolutionize the world of finance. This charter, established under the executive branch, will pave the way for the widespread adoption of AI-
‘TrapDoor' malware targets crypto dev tools in supply chain attack
The Danger of Malicious Packages: Crypto users beware! A new threat has emerged in the form of malicious packages. These sneaky codes are specifically designed to steal your valuable crypto assets. The most recent target of these attacks are popular AI coding assistants, which are widely used by developers to enhance t
Crypto exchange Blockchain.com confidentially files for IPO
What is Blockchain.com? Blockchain.com is a popular cryptocurrency exchange that allows users to buy, sell, and store various cryptocurrencies such as Bitcoin, Ethereum, and more. It was founded in 2011 and has since become one of the leading platforms in the crypto industry. Confidential IPO Filing: On Thursday, Block
Coinbase blames AWS for hours-long crypto trading outage
Coinbase Outage Causes Panic Among Crypto Traders On October 16, 2021, popular cryptocurrency exchange Coinbase experienced a major outage that left many traders unable to access their accounts. The outage lasted for several hours, causing panic and frustration among users. The company has since announced that the issu
BNY, world's largest custody bank, expands crypto services in Abu Dhabi
Partnership with Finstreet As part of their efforts to enter the cryptocurrency market, Goldman Sachs has partnered with Finstreet, a leading provider of digital asset infrastructure. Finstreet offers a wide range of services, including secure storage and custody solutions for cryptocurrencies, as well as trading and l
Crypto platform Bullish to buy Equiniti for $4.25 billion, building tokenized securities infrastructure
What is a Transfer Agent? A transfer agent is a financial institution responsible for maintaining accurate records of securities ownership and transactions on behalf of a company or fund. They facilitate the transfer of securities between buyers and sellers, ensuring that the transactions are executed accurately and in
Wall Street giant DTCC plans tokenized securities platform with July pilot, October launch
The Rise of Tokenization The world of finance is rapidly evolving, with the rise of new technologies disrupting traditional systems. The latest trend to hit the market is tokenization, a method of representing real-world assets on the blockchain. This innovative approach has caught the attention of major players in the
BlackRock challenges OCC's 20% reserve cap for stablecoin issuers under GENIUS Act
BlackRock Asks OCC to Reconsider 20% Cap on Tokenized Reserves BlackRock, the world's largest asset management firm, has recently submitted a letter to the Office of the Comptroller of the Currency (OCC) asking them to reconsider their proposed 20% cap on tokenized reserves. This move has sparked a lot of conversation
Coinbase says deal reached on key provision of crypto bill
Coinbase announces deal on crypto legislation The popular cryptocurrency exchange, Coinbase, announced on Friday that a deal has been reached on a crucial provision in a landmark crypto legislation. This development is expected to pave the way for the bill to move forward in the United States Senate. The provision in q
MoonPay acquires Israeli crypto security firm Sodot in $100 million stock deal
Introducing MoonPay Institutional MoonPay is excited to announce the launch of our new institutional business, led by former CFTC Acting Chair Caroline Pham. This development marks a major milestone for our company and the crypto industry as a whole. With the growing interest and adoption of cryptocurrencies by institu
The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack
Declining TVL Causes Concern for Lending Protocols The total value locked (TVL) in various lending and yield protocols has been on a steady decline in recent weeks. This has caused concern among investors and users as the TVL is seen as a key indicator of the health of these protocols. Impact on Token Prices Despite th
Bank of Korea floats crypto ‘circuit breakers' after Bithumb blunder
Bithumb's Costly Mistake: In February, Bithumb, a popular South Korean cryptocurrency exchange, made a major blunder when they accidentally sent 620,000 Bitcoin instead of 620,000 Korean won to customers. This mistake resulted in a loss of millions of dollars for the exchange and caused chaos among its users. The incid
Iran eyes crypto toll for oil tanker transits through Strait of Hormuz, according to FT
Impact on Cryptocurrency Market: The news of Iran's plans to collect cryptocurrency as transit fees has caused a stir in the cryptocurrency market. Crypto Ticker: BTC, ETH, LTC, XRP Many investors are closely monitoring the situation, with some speculating that this move could potentially increase the adoption and use
UK political crypto donations banned by Starmer government
Government Halts Crypto Political Donations The recent decision by the government to halt crypto political donations has caused quite a stir in the crypto community. This move comes as a result of concerns over foreign interference in political campaigns, as highlighted by the Rycroft review. The review also points out
Trust Wallet adds real-time scam address checks for crypto users
What is address poisoning protection? Address poisoning protection is a security feature that helps detect and prevent scam addresses from being added or used in a wallet. This feature is especially important in the crypto world, where scammers are constantly trying to steal people's funds through fake addresses. Why i
Nasdaq and Kraken are teaming up to let you trade tokenized stocks
Collaborating with Kraken The Nasdaq stock exchange has announced its plans to work with popular cryptocurrency exchange Kraken to distribute tokenized versions of public stocks globally. This collaboration marks a significant step towards bringing blockchain technology into traditional markets and bridging the gap bet
OCC Lays Out Framework for Regulated Stablecoins Under GENIUS Act
What are Stablecoins? Stablecoins are a type of cryptocurrency that are designed to maintain a stable value, usually by being pegged to a fiat currency such as the U.S. dollar or a basket of assets. They offer the benefits of cryptocurrencies such as fast and secure transactions, but without the volatility commonly ass
Binance denies report on Iran-linked sanctions breaches and investigator firings
Binance Cleared of Sanctions Violations Crypto exchange giant Binance has been in the spotlight recently after facing allegations of violating U.S. sanctions. However, the company has recently announced that an internal review, conducted with the help of external counsel, has found no evidence of any sanctions violatio
Mirae Asset agrees to buy 92% stake in Korean exchange Korbit for $93M
What is Korbit and why is it trending? Korbit is a popular cryptocurrency exchange based in South Korea. It was founded in 2013 and has since become one of the largest exchanges in the country. Recently, it has been making headlines due to the acquisition by Mirae Asset Consulting, a major investment firm. This acquisi
DeFi doyen Stani Kulechov buys $30 million mansion in London's Notting Hill: Bloomberg
The purchase was made possible through a collaboration with blockchain-based real estate investment platform RealT, which tokenizes properties and allows investors to buy fractional ownership. Tokenizing Real Estate with RealT RealT uses the Ethereum blockchain to create tokens representing ownership of real estate pro