Popular crypto betting platform Stake reopened deposits, withdrawals, and services just hours after hackers exploited its hot wallets for an estimated $41 million. On September 4th, Stake confirmed unauthorized transactions that drained funds from its Ethereum and BNB Smart Chain wallets. Total losses are pegged at $15.7 million on Ethereum, $25.6 million on BSC and […]
A new survey from the KuCoin exchange reveals rapidly rising cryptocurrency adoption in Turkey as the country grapples with sky-high inflation and a plunging national currency. Over the past 18 months, the percentage of the Turkish population invested in crypto has jumped from 40% to 52%, per KuCoin’s “Understanding Crypto Users” report. The research is […]
Worldcoin’s ambitious vision to build a global digital identity platform secured ample media hype, but retail demand for its WLD token tells a less enthusiastic story. According to IntoTheBlock, Worldcoin started strong with 2,270 active wallet addresses shortly after its July launch. However, active addresses crashed by 94% to just 137 by August 31st. This […]
The SEC’s recent decision to delay rulings on several spot bitcoin ETF applications isn’t deterring former SEC Chair Jay Clayton. He still believes approval is on the horizon despite the ongoing regulatory reluctance. In a September 1st interview with CNBC, Clayton stated that major financial institutions backing spot bitcoin funds signal a shift in how […]
Binance CEO Changpeng Zhao remains unfazed amid growing regulatory pressure and lawsuits aimed at his cryptocurrency exchange. He claims recent scrutiny stems from FUD (fear, uncertainty, and doubt) attempting to liken Binance to the now notorious FTX. In a Twitter Spaces event Friday, CZ denied comparisons of Binance to FTX’s failed operations under founder Sam […]
Recent on-chain detective work by TruthLabs has uncovered some fascinating connections between the pseudonymous founder of Shiba Inu and several big players in the early crypto space. Through tracing the deployer wallet’s first-ever transaction in February 2018, a path emerges leading to a wallet linked to Vitalik Buterin, a controversial CCP official, a Binance developer, […]
The U.S. Securities and Exchange Commission (SEC) may come up with new justifications for rejecting applications for spot bitcoin exchange-traded funds (ETFs), analysts say. This comes after a court ruling this week compelled the regulator to revisit its rejection of Grayscale’s spot bitcoin ETF application. In a report on Wednesday, analysts at German investment bank […]
Despite an ongoing government investigation into its data handling practices, identity-focused crypto project Worldcoin saw demand for its services surge to new heights in Argentina last month. The startup reported that approximately 9,500 Argentinians signed up for its iris-scanning World ID product in a single day in August, amounting to one new user every 9 […]
Binance is expanding its offerings in Latin America with the introduction of a new service allowing users to send crypto funds directly to bank accounts. On Tuesday, August 30, Binance announced it is collaborating with licensed transfer processing providers for its new “Send Cash” product. This will enable users from nine Latin American countries to […]
Swiss cryptocurrency bank SEBA Bank has received an approval-in-principle (AIP) from Hong Kong’s Securities and Futures Commission (SFC), as the crypto-native bank seeks to grow its footprint across Asia. In a statement shared with The Block on Wednesday, SEBA said it has obtained the AIP for its license application that will allow it to deal […]