Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
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In response to a $230 million cyberattack on July 18 that disrupted platform operations, WazirX has taken the decision to restore user balances to their state as of July 18, 1 P.M. IST. This move comes after the suspension of withdrawals and the reversal of trades conducted between July 18 and July 21. The restoration
The Ronin Network recently made headlines due to a significant loss of $10 million worth of ETH as a result of a hack, adding to the growing number of Web3 security breaches in 2024. This popular gaming blockchain platform lost 4000 ETH in the incident, creating a wave of concern within the cryptocurrency community. In
A recent bill presented in the Senate aims to enhance the investigative powers of the US Secret Service when it comes to probing crimes related to cryptocurrency. Senators Catherine Cortez Masto and Chuck Grassley are leading this bipartisan initiative to address the escalating threats posed by transnational cybercriminal activities. The bill specifically targets unlicensed money-transmitting
Senator Cynthia Lummis from Wyoming has taken a bold step in proposing the ‘Bitcoin Act’ as a means to bolster the U.S. government’s reserves with 1 million BTC over five years. This move has been dubbed as the ‘Louisiana Purchase moment,’ signaling the significance of this decision in the digital age. By recognizing the resilience
In recent news, there has been a shocking revelation linking convicted UK hacker Gurvinder Bhangu, known as Gurv, to the high-profile compromises of American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk’s accounts. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. Renowned on-chain detective ZachXBT uncovered compelling evidence pointing
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,
SBINFT has recently relaunched its NFT marketplace, SBINFT Market, with a complete makeover for its users, including enhanced features and improved UI/UX. The platform now hosts various NFT collections tailored for Web3 communities, aiming to enhance the experience for partners and collectors alike. One of the key objectives of the upgraded SBINFT Market is to
Wong Ching-kit, a well-known crypto promoter in Hong Kong, has recently come under the spotlight for his involvement in various criminal cases, including a cryptocurrency scam worth over HK$3 million. Born as Kwan Tsz-kit, Ching-kit changed his name after being convicted of theft and sentenced to community service in 2012. His history of run-ins with
Ferrari, the renowned Italian luxury sports car manufacturer, recently announced its plans to broaden its cryptocurrency payment system to its European dealer network by the end of July. The company also has ambitions to extend this option to more countries within its global dealership network where digital currencies are legally recognized by the end of