MicroStrategy expands Bitcoin holdings with $5.4B purchase
MicroStrategy acquires 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment.
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Report: EU to Discuss Further Crypto Regulation Amid Concerns About Lack of Transparency
Economic and financial affairs ministers from the European Union’s (E.U.) 28 member states will reportedly hold an informal meeting on the challenges posed by digital assets and the possibility of tightening regulations, Bloomberg reported August 29. According to a draft note seen by Bloomberg, participants will discuss a general lack of transparency and the potential…

MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot
An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users' wallets. 590 Total views 10 Total shares MEV gain, an Ethereum (ETH) arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor. Arbitrage bots…

Airdrop token prices are crashing — Does Web3 need a new model?
Tokens distributed in airdrops consistently underperform the market. Now, Web3 protocols are exploring new approaches.

Singapore Central Bank Partners With Deloitte, Nasdaq on Blockchain Asset Settlement
The de facto central bank of Singapore announced it had signed a deal with multiple big name entities to ease digital asset settlements in a press release Friday, August 24. Part of its ongoing Project Ubin blockchain integration scheme, the Monetary Authority of Singapore (MAS) partnered with Singapore Exchange (SGX), along with Anquan, Deloitte and…

NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28
In this week’s newsletter, read about Sony filing a patent for a nonfungible token (NFT) framework for games, and how executives believe that Grand Theft Auto (GTA) and Minecraft developers may change their minds on blockchain technology. Learn how an NFT collector accidentally burned a CryptoPunk worth $135,000 while trying to borrow funds, and find…

Crypto Scams on the Rise and Can Still Affect Bitcoin’s Price
Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for taking advantage of desperate times and desperate people. One of the most prominent scams in the industry, PlusToken, has come under the spotlight…

BNY Mellon to Act as Transfer Agent for Bitwise’s Proposed Bitcoin ETF
Bank of New York Mellon has been appointed to serve as transfer agent and administrator of Bitwise Asset Management’s proposed Bitcoin (BTC) exchange-traded fund (ETF). Bitwise amended the S-1 form that it submitted to the United States Securities and Exchange Commission (SEC) on Sept. 11. The amendment also lists major accounting firm Cohen & Company as…

Crypto Exchange Bittrex International to Host Its First Public ‘Initial Exchange Offering’
Crypto exchange Bittrex is hosting its first token sale — dubbed an Initial Exchange Offering (IEO) — on Bittrex International, its Malta-based digital asset trading platform. The news was announced in an official press release published on March 11.Bittrex International, which operates within an EU and Maltese crypto regulatory framework, will officially start the IEO on…