Kraken says its being extorted following bug bounty report
The bug resulted in at least $3 million worth of stolen funds, but no user funds were endangered, according to Kraken.
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72 of the top 100 coins have fallen 90% or more: Here are the holdouts
According to price data from CoinGecko compiled by CoinGoLive, the current bear market has seen a whopping 72 out of top-100 tokens fall more than 90% from their all-time highs.The larger cap coins are faring better than most. Among the top ten cryptocurrencies by market cap, nine have dipped less than 90% during the current…

Over 140 million people have digital yuan accounts, says PBoC head
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head. 515 Total views 26 Total shares China’s trials with central bank digital currency (CBDC) show no signs of slowing down, as the updated numbers for October 2021 were revealed at Hong Kong Fintech Week.Set out to replace cash in…

Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time
Tax day this year, like everything else, is different. The United States Internal Revenue Service has rescheduled it to July 15, but there’s little time left to get your records together and to file. Everyone knows the IRS is pushing hard to scrutinize crypto. A new IRS question appears at the top of Schedule 1…

TradFi: 11 things to do when considering adding digital assets
As digital asset options continue to gain attention and acceptance from investors, traditional financial institutions may be considering adding digital assets to their offerings and/or portfolios. As with any other industry, “standing still” isn’t an option in the financial sector, and tapping into the potential of digital assets can help TradFi organizations tap into an

Crypto community reacts to reports of Wall St. lawyer up for SEC chair role
The latest rumored candidate under Donald Trump's upcoming administration to potentially replace SEC chair Gary Gensler has sparked a mixed reaction from the crypto community.

Bitcoin Drops from $8.4K to $8.1K, Top 20 Coins See Red
Thursday, Oct. 3 — Crypto markets have again failed to continue their recovery as almost all the top 20 coins by market cap are seeing significant losses.Market visualization. Source: Coin360After climbing to highs of $8,414 over the past 24 hours, Bitcoin (BTC) is down 1.4% to trade at $8,115 at publishing time.The biggest cryptocurrency by market cap has…

DOJ publishes second report on EO digital asset crime, announces new expert network
The U.S. Justice Department has published another report on crypto crime with detailed recommendations for legal reform; it has also formed a network of experts to advise offices. 133 Total views 11 Total shares The United States Department of Justice (DOJ) published its latest report in response to President Joe Biden’s March executive order (EO)…

Curve’s Daily Volume Increases 50x in Two Months
Decentralized exchange Curve has attracted record volumes after revealing plans for the retroactive distribution of its forthcoming governance token. 1013 Total views 9 Total shares Decentralized finance (DeFi) liquidity pools continue to surge in popularity, with the Curve Finance decentralized exchange (DEX) consistently hosting more than $60 million in daily volume for the first time…