Stream Finance disclosed a $93 million shortfall earlier in the week, prompting serious concerns Elixir, a decentralized finance liquidity provider, has shut down operations for its synthetic stablecoin deUSD following a major loss connected to Stream Finance. The decision comes after Stream disclosed a $93 million shortfall earlier in the week, causing a chain reaction
A judge has ruled that the government agency didn’t illegal destroy a criminal’s crypto A US appeals court has ruled that the FBI acted within its rights when it wiped a hard drive that allegedly contained over 3,400 Bitcoin, now worth about $345 million. The decision ends a long legal battle brought by Michael Prime,
The recent explosion in prediction markets is attracting attention from everywhere Gemini Space Station Inc., the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is preparing to enter the growing world of prediction markets. According to Bloomberg, the company has filed with the Commodity Futures Trading Commission (CFTC) to operate a derivatives exchange that would
Two employees at two firms have been indicted for their roles in the attacks Federal prosecutors have charged two former cybersecurity professionals accused of orchestrating ransomware attacks against several US companies while employed at firms that specialized in defending against such crimes. The indictment alleges the pair used their insider knowledge of ransom negotiations to
A reverse merger with an established FinTech company will allow Animoca to make the move Animoca Brands, one of the largest venture capital firms in the crypto sector, is preparing to go public on Nasdaq through a reverse merger with fintech and AI company Currenc Group. The two companies announced that they have signed a
The company’s position as the only publicly traded crypto exchange gives it an edge Coinbase continues to dominate the US cryptocurrency exchange landscape, solidifying its position as the country’s most trusted and widely used platform. The company’s status as the only publicly traded crypto exchange gives it a distinct advantage, allowing investors and regulators greater
The move would be one of the largest Mastercard has made into the cryptocurrency space Mastercard is reportedly in advanced negotiations to acquire crypto infrastructure startup ZeroHash in a deal valued between $1.5 billion and $2 billion, according to multiple sources familiar with the talks. The potential acquisition would mark one of the payment giant’s
The financial services company has continued to expand deeper into crypto this year Visa is expanding its footprint in digital payments by adding support for four new stablecoins across four separate blockchains. The announcement came during the company’s fourth-quarter earnings call, where CEO Ryan McInerney highlighted growing demand for stablecoin transactions among consumers and businesses.
Rep. Ro Khanna of California sees a conflict of interest that she wants to avoid A US lawmaker has aimed at barring President Donald Trump, his family, and members of Congress from trading cryptocurrency or stocks. Rep. Ro Khanna of California made the announcement during an interview on MSNBC, expressing concern over what he described
The trustee handling the Bitcoin exchange’s payouts delays them by a full year Mt. Gox, the Bitcoin exchange that collapsed over a decade ago, has once again delayed its long-awaited repayments to creditors, extending the deadline by another year. According to a notice released Monday, the new repayment date is now set for October 31,
Changpeng Zhao has been released following the President’s intervention President Donald Trump granted a full pardon to Binance founder Changpeng Zhao on Wednesday, marking a dramatic turn in one of the most high-profile crypto-related cases in US history. The announcement came through White House Press Secretary Karoline Leavitt, who said the decision aimed to correct
Polymarket will be the official clearinghouse for the new venture DraftKings is expanding beyond traditional sports betting by entering the fast-growing prediction market industry through a new partnership with Polymarket. The collaboration follows DraftKings’ recent acquisition of Railbird, a Commodity Futures Trading Commission–regulated platform that allows users to bet on real-world events. Polymarket will serve as
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