Kumo
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11 months, 1 week ago
KyberSwap Hacker Seeks Negotiations After $45 Million Exploit
The hacker behind the KyberSwap exploit has expressed a willingness to negotiate after stealing approximately $45 million from the decentralized exchange. In a public message, the attacker informed KyberSwap that…
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11 months, 1 week agoUK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing…
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11 months, 1 week agoKyberSwap Loses $45 Million in Recent Hack, TVL Drops by 87%
On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and…
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11 months, 1 week agoSurge in Interest for Cryptocurrency Bridges Sparks Demand for Interoperability Solutions
The surge in interest for transferring cryptocurrencies to different blockchains has been observed since the start of October, according to Google search data compiled by Online Blockchain plc. Crypto enthusiasts…
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11 months, 1 week agoBBVA Switzerland Partners with Metaco to Expand Digital Asset Offerings
In a groundbreaking development within the blockchain domain, BBVA Switzerland has partnered with Metaco to expand its digital asset offerings. This move reflects a growing trend among major banks, including BBVA,…
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11 months, 1 week agoEuropean Commission Official Advocates for Strong Crypto Regulation Following FTX Collapse and Binance Settlement
The collapse of FTX and Binance’s recent $4.3 billion settlement with U.S. authorities have highlighted the need for robust regulation in the cryptocurrency market, according to Ivan Keller, a policy officer for t…
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11 months, 1 week agoGrayscale and BlackRock Engage in Critical Discussions with SEC on Bitcoin ETF Approval
Grayscale and BlackRock, two major financial players, are engaged in discussions with the SEC regarding the approval of a Bitcoin ETF. These discussions focus on the choice between the in-kind and cash redemption…
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11 months, 1 week agoKyberSwap, a Decentralized Exchange, Loses $50 Million in Hack Attack
KyberSwap, a decentralized exchange (DEX) in the world of decentralized finance (DeFi), has fallen victim to hackers. The DEX was exploited across multiple chains, resulting in a loss of approximately $50 million.…
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11 months, 1 week agoBitget Launches Arabic Language Support for MENA Users, Expanding Access to Cryptocurrency Trading
Bitget, the world’s leading cryptocurrency exchange and Web3 company, has launched Arabic language support for its mobile application and website. This move aims to provide broader access to Arabic-speaking a…
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11 months, 1 week agoKraken Co-Founder Welcomes Binance Investigation, Calls for Industry Self-Policing
Kraken co-founder Jesse Powell has expressed his support for the investigation into Binance and its former CEO Changpeng Zhao (CZ) by US government agencies. Powell believes that targeting offshore offenders like…
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11 months, 1 week agoKyberSwap Elastic Loses $46 Million in DeFi Hack
In a recent incident in the world of decentralized finance (DeFi), KyberSwap Elastic, a decentralized exchange (DEX) under Kyber Network, fell victim to a security breach, resulting in the loss of approximately $46…
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11 months, 1 week agoFormer Binance CEO Faces Flight Risk Concerns as U.S. Prosecutors Seek to Prevent Departure
United States government prosecutors are seeking to prevent former Binance CEO Changpeng Zhao, also known as CZ, from leaving the country due to concerns about his potential flight risk. They have requested a…
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11 months, 1 week agoBinance's $4.3 Billion Settlement Paves the Way for Spot Bitcoin ETF Approvals
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the United States. This settlement is seen as a significant step towards the approval of spot Bitcoin exchange-traded…
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11 months, 1 week agoDecentralized Exchange KyberSwap Loses $46 Million in Latest DeFi Hack
Around $46 million worth of crypto assets has been stolen from the decentralized KyberSwap exchange in a recent exploit. The Kyber Network team alerted users to a security incident and advised them to withdraw…
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11 months, 1 week agoBBVA Switzerland Teams Up with Ripple-Owned Metaco for Digital Asset Operations
BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial…
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11 months, 1 week agoGrayscale Updates Bitcoin ETF Prospectus, Nearing SEC Approval
Grayscale has submitted an updated filing for its Bitcoin ETF to the SEC, potentially bringing it closer to approval. The filing is an amended S-3 prospectus, indicating that Grayscale has made changes to their…
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11 months, 1 week agoBinance Resolves $3.4B Fine with U.S. Treasury in Record-breaking Settlement
The U.S. Treasury has announced that the resolution reached with Binance, a cryptocurrency exchange, is the largest settlement in the history of the Financial Crimes Enforcement Network (FinCEN). The settlement…
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11 months, 1 week agoBinance Pleads Guilty to Money Laundering Charges, CEO Resigns in Settlement
Binance, one of the largest cryptocurrency exchanges, has recently pleaded guilty to violating US money laundering laws. The US Department of Treasury has accused the exchange of negligence in reporting illicit…
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11 months, 1 week agoGrayscale Makes Progress in Pursuit of Bitcoin ETF with SEC Discussions and BNY Mellon Agreement
Grayscale Investments is making progress in its efforts to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). The company recently met with the Securities and Exchange Commission…
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11 months, 1 week agoHTX Suffers $13.6 Million Loss in Recent HECO Chain Bridge Exploit
HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three…
