Sen Lummis bill gains swift support with 2,200 letters sent
A proposed decentralized network of secure Bitcoin vaults with robust cybersecurity measures aims to minimize digital asset storage risks like theft and hacking.
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Binance introduces review mechanism to remove unqualified tokens
The qualitative and quantitative criteria for token removal include trading volume stability, community popularity and project team credibility. Binance announced on March 12 that its Alpha platform has implemented a new comprehensive token review framework that will aim to remove tokens that don’t meet certain quantitative and qualitative criteria. The quantitative metrics include trading volume

Phishing Attack on Electrum Wallet Nets Hacker Almost $1 Million in Hours: Report
A reportedly ongoing hack against cryptocurrency wallet Electrum has seen a malicious party steal almost 250 Bitcoin (BTC) (about $937,000), commentators reported on social media Dec. 27.Subsequently confirmed by Electrum itself, the attack consists of creating a fake version of the wallet that fools users into providing password information.“The hacker setup a whole bunch of…

'Something is happening' — Bitcoin hodlers scooped $23B in the past 30 days
On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump.

Celsius creditors committee proposes suing Mashinsky, other Celsius execs
The official committee of Celsius creditors is proposing to sue Celsius co-founder Alex Mashinsky and other executives for "fraud, recklessness, gross mismanagement and self-interested conduct" that eventually led to the collapse of the crypto lender.In a proposed complaint filed in a New York Bankruptcy Court on Feb. 14, attorneys representing the Official Committee of Unsecured…

South Korean District to Implement Blockchain for Administrative Transparency
A district in the South Korean capital has announced it will apply blockchain to its proposal evaluation system, privately owned local news agency Newsis reports on Jan. 16According to the article, South Korea’s Yeongdeungpo-gu — an administrative district in southwest Seoul — aims to strengthen its administrative transparency by applying a blockchain-based evaluation system.The system…

Central banks favor legacy instant payment systems over CBDCs
TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.

UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance
The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter. 159 Total views 10 Total shares The Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has again expressed its concern over the lack of engagement on the part of crypto firms that will soon

Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle: Analysts
Bitcoin’s historic bull cycle remains intact despite widespread investor concerns over the current downturn, which analysts suggest may be just a temporary “shakeout” before the next upward move in the market. Bitcoin’s (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President