Crypto products hit with $305M outflow amid strong US economic data
CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September.
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SEC lawsuits against Binance and Coinbase unify the crypto industry
Professionals across the crypto sector have responded to the United States Securities and Exchange Commission’s (SEC) recent actions against two of the biggest crypto exchanges, Binance and Coinbase. On June 5, the SEC filed a lawsuit against Binance for allegedly offering unregistered securities. Only a day after filing the Binance suit, the commission also went after…
OpenSea raises $300 million for encrypted digital marketplace
Opensea's market value has now surpassed $13.3 billion following the new cash injection. 866 Total views 10 Total shares The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse. To accelerate this vision, OpenSea announced on Jan. 4 that it has secured $300 million in a Series C…
Crypto .com launching NFT platform with exclusive content from artists
"NFTs are a super exciting way to forge deeper bonds with my supporters," said musical artist Alex Mansoor. 4363 Total views 37 Total shares Cryptocurrency exchange Crypto .com will be launching a non-fungible token platform this Friday featuring content from major artists, athletes, and musicians.In an announcement today, Crypto .com said it would be introducing…
Bitcoin’s New 2020 High, US Marshals Bitcoin Auction and More on the Bad Crypto Podcast
This week’s episode of the Bad Crypto podcast condenses the latest blockchain news into easy listening format. And it’s a good week to be in the know on crypto and blockchain topics.Bitcoin’s bull run continues, and the price is lately flirting with $10,000. The Winklevoss twins have gone on a stablecoin patent extravaganza, and Ethereum…
General Motors’ Finance Arm Joins Blockchain Data Security Initiative
United States automotive giant General Motors (GM) has become the latest member to join blockchain startup Spring Labs’ partner project to enhance data security, the company confirmed in a press release Feb. 11.GM, which has experimented with the technology before, will join the Spring Founding Industry Partners (SPIF) Program, which launched in January.Now with almost…
Privacy-focused Firo cryptocurrency suffers 51% attack
Over 300 blocks were rolled back in the course of the 51% attack. 1543 Total views 5 Total shares Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause…
Palau advances CBDC with Ripple in Phase 2 of PSC program launch
Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance. The Ministry of Finance in Palau officially launched the second phase of the Palau Stablecoin (PSC) Program. Jay Hunter Anson, a cybersecurity consultant in Palau, confirmed the initiation of the country’s CBDC
Hacker Group Amassed $7M in Crypto by Selling Stolen Credit Cards
Hackers profited over $7 million by selling the data via dark web. 1011 Total views 16 Total shares A hacker gang known as “Keeper” established an interconnected network to steal credit card data from over 570 e-commerce sites. Since 2017, they have profited around $7 million in crypto by selling card information through the dark…