Kumo
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11 months, 1 week ago
Ripple's IPO Delayed Amid Fintech Sector Downturn
Ripple’s planned initial public offering (IPO) has been delayed due to the current downturn in the fintech sector. The overall decline in stock values of prominent fintech companies has had a ripple effect on i…
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11 months, 1 week agoCircle Partners with SBI Holdings to Boost Adoption of USDC and Web3 Services in Japan
Circle, the stablecoin issuer behind USD Coin (USDC), has partnered with Tokyo-based financial services firm SBI Holdings to promote the adoption of USDC and Web3 services in Japan. The collaboration was formalized…
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11 months, 1 week agoCrypto Exchange HTX Recovers from $30 Million Hack, Restores Deposits and Withdrawals
Bitcoin deposits and withdrawals have been restored on the HTX crypto exchange, formerly known as Huobi, following a $30 million exploit. In a recent blog post, HTX announced that deposit and withdrawal…
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11 months, 1 week agoCrypto Wallet-Draining Kit Inferno Drainer Shuts Down After $70 Million Heist
Inferno Drainer, a notorious crypto wallet-draining kit, has announced its permanent shutdown after aiding phishing scammers in stealing approximately $70 million worth of cryptocurrency this year. The team behind…
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11 months, 1 week agoBinance Founder Faces Potential 10-Year Prison Term in Ongoing Legal Battle
Former Binance CEO Changpeng Zhao is facing the possibility of a 10-year prison sentence for violating the Bank Secrecy Act. Binance, the cryptocurrency exchange, has been implicated in a global criminal enterprise…
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11 months, 1 week agoFormer Ethereum Advisor to Launch Groundbreaking AI-Driven Project
Former Ethereum advisor Steven Nerayoff has announced his plans to launch a groundbreaking AI-driven web3 project. Nerayoff, who has turned into a critic of the Ethereum project and its co-founder Vitalik Buterin,…
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11 months, 1 week agoChangpeng Zhao's Legal Challenges Escalate Amidst Potential Harsher Sentence
A recent court filing suggests that Changpeng “CZ” Zhao, the former CEO of Binance, is facing further legal challenges despite pleading guilty to violating US Anti-Money Laundering requirements. Zhao is cur…
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11 months, 1 week agoFormer Binance CEO CZ Faces Up to 10 Years in Prison, Prosecutors Argue for Detention
In a recent filing, U.S. prosecutors have stated that they may seek a maximum prison sentence of 10 years for former Binance CEO Changpeng Zhao (CZ). This comes in response to CZ’s opposition to the g…
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11 months, 1 week agoISO 20022 Standard Revolutionizes Financial Communication and Cryptocurrency Integration
The ISO 20022 standard is revolutionizing global financial communication by improving data handling and processing in financial transactions. This standard, originally designed for traditional banking transactions,…
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11 months, 1 week agoIndexed Finance Community Successfully Defends Against Hijacking Attempts and Commits to Restitution for Hack Victims
Indexed Finance, an Ethereum-based platform, recently faced a major setback when hackers stole $16 million from the platform. However, the Indexed community has successfully defended against two recent attempts to…
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11 months, 1 week agoZipmex Suspends Digital Asset Trading in Thailand Amid Regulatory Scrutiny
Zipmex, a cryptocurrency exchange based in Singapore, has decided to temporarily suspend all digital asset trading operations in Thailand. This move is in response to regulatory demands set by the Securities and…
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11 months, 1 week agoIndexed Finance Thwarts Hijacking Attempts, Returns Control to Founders
Indexed Finance, an Ethereum-based project that was previously hacked for $16 million, has successfully defended against two hijacking attempts. The project’s decentralized autonomous organization (DAO) control w…
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11 months, 1 week agoCrypto Regulators Target Binance and Kraken: Legal Actions and Investigations Shake the Industry
US crypto regulators have been busy this week, with Binance and Kraken facing legal action from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) respectively. Bitcoin is once again…
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11 months, 1 week agoZipmex Halts Digital Asset Trading in Thailand to Comply with Regulations
Cryptocurrency exchange Zipmex has announced that it will suspend all digital asset trading in Thailand in order to comply with regulatory requirements. The company has decided to temporarily halt its operations to…
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11 months, 1 week agoSouth Korea to Launch Pilot Program for Digital Currency with 100,000 Citizens
South Korea is set to launch a groundbreaking project involving digital currency as part of its efforts to modernize its financial infrastructure. Starting in the fourth quarter of 2024, the country will initiate a…
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11 months, 1 week agoBlast Platform Achieves $400 Million TVL Amidst Ponzi Scheme Claims
Blast, a recently launched platform in the crypto finance landscape, has been making waves despite facing allegations of being a Ponzi scheme. The founder, Tieshun Roquerre, has vehemently denied these claims and…
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11 months, 1 week agoPolitician Arrested in Connection with $246,153 Crypto Theft
The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting h…
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11 months, 1 week agoRipple Partners with Uphold to Enhance Cross-Border Payments with Liquidity Management Expertise
Ripple, the company behind the XRP cryptocurrency, has announced a new partnership with Uphold, a Web3 financial platform specializing in liquidity management. The aim of this partnership is to enhance Ripple’s c…
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11 months, 1 week agoBinance's $4.3 Billion Settlement Paves Way for Potential Bitcoin ETF Approval
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the U.S. government. This settlement is seen as a significant step towards the potential approval of spot Bitcoin…
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11 months, 1 week agoSEC Commissioner's Support for BlackRock Bitcoin ETF Sparks Hope for Approval
SEC Commissioner Hester Peirce, also known as “Crypto Mom,” has expressed her support for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. In an interview with Bloomberg, Peirce sta…
