Decentralized exchange Mango Markets is bolstering its resources to address the ongoing scrutiny from United States regulatory authorities. A proposal on Mango’s governance forum reveals that the decentralized autonomous organization running the exchange is set to approve a budget of $250,000 in USD Coin on January 6. This fund is intended for the hiring of […]
In a recent development, a TechCrunch reporter has revised their prediction regarding the approval of a US Bitcoin ETF. While the possibility of approval by the end of this week seems increasingly unlikely, the reporter maintains that the deadline of January 10 still stands.This update comes as the crypto community eagerly awaits the green light […]
The Securities and Exchange Commission (SEC) appears to be showing a growing acceptance of Ethereum spot ETFs, according to Bloomberg ETF analyst James Seyffart. This comes after the SEC approved multiple Bitcoin futures ETFs and is expected to approve Bitcoin spot ETFs in the near future.In August, the SEC gave the green light to several […]
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion ($32.2 million USD) in illegal profits.The fraud scheme was operated by ACE Exchange, one of Taiwan’s largest cryptocurrency exchanges. The exchange used its reputable image to attract […]
In 2023, North Korea’s Lazarus Group, a highly sophisticated hacking group, emerged as a major player in cybercrime, particularly in cryptocurrency theft. Accused of orchestrating hacks amounting to $600 million, the Democratic People’s Republic of Korea (DPRK) has become a prominent actor in this escalating realm. Since 2017, DPRK hackers, operating under the Lazarus group, […]
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion, or $32.2 million USD, of illegal profits.The fraud scheme was operated by ACE Exchange, one of Taiwan’s largest cryptocurrency exchanges. The exchange used its reputable image to […]
The ongoing legal battle between Ripple Labs Inc. and a group of XRP investors led by Vladi Zakinov is set to reach a pivotal moment on January 11, 2024, as both parties prepare for a significant court hearing. This date marks a crucial phase in a case that could have potentially far-reaching implications for Ripple […]
Bankrupt crypto lender Celsius Network has announced that it will be unstaking its Ethereum holdings in order to generate liquidity and distribute assets to its creditors. This decision is part of Celsius’ ongoing restructuring process and is aimed at offsetting the costs incurred during the bankruptcy.Celsius has been earning staking rewards from its Ethereum holdings, […]
The Securities and Exchange Commission (SEC) is intensifying its pursuit of crypto exchanges Binance and Coinbase in ongoing legal battles. To strengthen its arguments, the SEC has referenced a recent landmark case in court.In its case against Binance, the SEC filed a notice of supplemental authority, highlighting Judge Jed Rakoff’s ruling in the Terraform case. […]
CertiK Ltd., a blockchain security auditing firm, experienced a security breach when hackers gained access to its official X (formerly Twitter) account and used it to distribute phishing links to its large following. The breach was confirmed by Revoke.cash, a smart contract tool that focuses on cross-chain security.The compromised CertiK account posted tweets warning users […]
