Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018
South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.
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Bitcoin Tops $26K for First Time, Less Than a Day After Passing $25K
Dec 26, 2020 at 8:43 p.m. UTCUpdated Dec 26, 2020 at 8:56 p.m. UTCBitcoin Tops $26K for First Time, Less Than a Day After Passing 25KThe price of bitcoin (BTC) passed $26,000, hardly resting after blowing through what was supposed to have been the landmark level of $25,000 less than 24 hours earlier.Recently, the leading…

All of Sam Bankman-Fried’s Proposed Expert Witnesses Should be Barred From Testifying: DOJ
All of FTX founder’s Sam Bankman-Fried’s proposed witnesses should be disqualified from testifying because their disclosure filings are insufficient, their experience may be misleading or their planned testimony may not be relevant, prosecutors said in a late Monday filing.Bankman-Fried’s team, for their part, wants to exclude a financial analysis expert proposed by the Department of…

Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
Harvest Global Investments, a major asset-management company in China, applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC) and is in discussions with regulators regarding the city's stablecoin sandbox, according to separate reports by Tencent News and Bloomberg.Harvest Global did not respond to a request for comment. The SFC

BlockFi Adds Litecoin, USDC to Its Lending Product Suite
BlockFi CEO Zac Prince image via CoinDesk archivesCrypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the assets.The initial annual percentage yield on the assets will be 8.6 percent for USDC and 3.78 percent for litecoin. In…

DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March
The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago, according to DefiLlama data.The resurgence of the DeFi market is based on two factors: rising asset prices and fresh inflows from

Police Arrest Hackers Alleged in $87 Million Crypto Theft
Chinese police have arrested three individuals who allegedly stole bitcoins and other cryptocurrencies worth around 600 million yuan, or $87 million.

Hong Kong’s HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That’s Not Really News
A string of cryptocurrency news outlets reported that HSBC Hong Kong is giving its customers access to bitcoin (BTC) and ether (ETH) exchange-traded funds on Monday.The news was first reported by crypto journalist Colin Wu and reproduced by a number of different sites, including The Block.However, this appears to be something of an overreaction. HSBC's…

Numerai Raises $3M in Another NMR Token Sale With Union Square Ventures, Placeholder
Jun 3, 2020 at 15:01 UTCUpdated Jun 3, 2020 at 15:12 UTCNumerai founder Richard Craib at ErasureCon 2019 (Credit: Numerai)Numerai has sold an additional $3 million in NMR tokens to a slate of investors led by Union Square Ventures on the strength of its latest product, Erasure. The 17th-largest dapp in terms of value staked…