Frax Finance X hacked, CEO suspects ‘inside job’ at Elon Musk's office

The crypto-focused financial services company has filed S-1 paperwork with the SEC, reigniting the debate over a Bitcoin ETF. 2248 Total views 8 Total shares New York Digital Investment Group, or NYDIG, has submitted paperwork with the United States Securities and Exchange Commission to launch a new Bitcoin exchange-traded fund. NYDIG filed a Form S-1 registration…

Institutional trading platform Wootrade has raised $10 million in a private fundraising round that will be used to expand its team and launch leveraged trading products. Wootrade, a Taiwan-based liquidity provider platform and crypto asset exchange aimed at institutions, has concluded a $10 million private investment round led by Dragonfly Capital. Investors in the round include…

Opinion by: Andrey Sergeenkov, researcher, analyst and writer Crypto founders love big promises: decentralized finance, banking the unbanked and freedom from intermediaries. Then hacks happen. In some cases, billions vanish overnight.  On Feb. 21, 2025, the North Korean Lazarus Group stole $1.46 billion from Bybit. They sent phishing emails to staff with cold wallet access.

A United States federal judge has ordered asset custodian Kingdom Trust to fully restore data access to all affected clients following the unilateral termination of customers' access to their own account information on Bitcoin IRA's website.Filed on Nov. 12, a court document reveals that South Dakota District Court Federal Judge Karen E. Schreier ruled in…

Japan’s Minister of Finance and deputy prime minister Taro Aso has urged reporters to stop using the term virtual currencies and switch to the newly-proposed legal name crypto assets.Aso — who also serves as the country’s Minister of State for Financial Services — made his remarks during a crypto-focused question and answer session at a…

In an unexpected u-turn, Tesla CEO and billionaire Elon Musk looks set to complete his $44 billion acquisition of Twitter, alleged spam bots, fake accounts and all. According to the notice filed by Musk’s lawyers with the Delaware Chancery Court on Monday, which was overseeing the trial, Musk is ready to “proceed to closing of the…

As Polkadot (DOT) gets ready to launch parachain auctions, a combined fundraising and market interest discovery mechanism, the team is realizing that some core features may be ill-suited for the auction mechanism.Polkadot parachains are somewhat analogous to the sharding proposal for Ethereum 2.0. Each parachain is a largely independent blockchain built for a particular purpose.…

Open-source payments network Celo has announced its first round of development grant recipients.A press release shared with Cointelegraph states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or foster the Celo community.The project has…