Lykke crypto exchange acknowledges hack after halting withdrawals
The Lykke team acknowledged that they halted withdrawals after an attack drained $22 million in crypto from its wallets on June 4.
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Artists sue SEC over confusing security status of NFTs
Attorneys representing the artists drew parallels to Taylor Swift concert tickets, which are often sold on the secondary market.

Analyst eyes Ether ‘major push’ to $3.5K amid traders betting on upswing
A crypto analyst says Ether could make a “major push” to $3,500 if it holds a $2,800 weekly close, and futures traders are betting on an upward move.

Pro traders may use this ‘risk averse’ Ethereum options strategy to play the Merge
Ether (ETH) is reaching a make-it or break-it point as the network moves away from proof-of-work (PoW) mining. Unfortunately, many novice traders tend to miss the mark when creating strategies to maximize gains on potential positive developments.For example, buying ETH derivatives contracts is a cheap and easy mechanism to maximize gains. The perpetual futures are…

27,000 requests last year: Collaboration key for Binance’s Investigations team
Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world.Various research reports have highlighted the use of cryptocurrencies for illicit means, with varying degrees of severity since Bitcoin’s inception in 2009. This has ebbed and flowed but crypto is still…

Russian region struggles to keep up with Bitcoin mining energy demands
A local energy distributor is working to recover about $800,000 from illicit cryptocurrency miners in Irkutsk Oblast. 356 Total views 18 Total shares As cryptocurrency mining activity grows increasingly common in Russia, one local region is struggling to maintain power stability amid massive inflows of new crypto mining operations.Russia’s Irkutsk Oblast, a federal region and…

US Fed Considers Including BTC Market Crash as ‘Salient Risk’ for Stress Tests
The United States Federal Reserve (the Fed) is considering the inclusion of this year’s Bitcoin (BTC) market collapse as one of the “salient risks” to be taken into account for its supervisory stress tests. The prospective amendment was revealed as part of a policy statement published on the official federal government daily journal, The Federal…

PayPal faces SEC action related to PYUSD stablecoin: Report
PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August. 861 Total views 4 Total shares Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.The Enforcement division of the SEC has sent

Bitcoin Price Will Close 3rd Best Month Ever if $10K Holds Until March
Bitcoin (BTC) is having its third-best month in history, says the creator of a forecasting model that calls for a $100,000 price in 2021.In a tweet on Feb. 14, PlanB, the analyst behind the stock-to-flow model, said many were ignoring just how successful February has been for Bitcoin.February 2020 in top 3 BTC price months“Few…