The two DeFi protocols lost over $65 million in the attacks A Canadian national, Andean Medjedovic, has been charged by US prosecutors for hacking into two decentralized finance (DeFi) protocols, KyberSwap and Indexed Finance, stealing around $65 million in the process. The Justice Department unsealed an indictment on February 3, 2025, in a Brooklyn federal
Satoshi Action Fund CEO Dennis Porter credits the state’s short legislative session Utah may soon become the first US state to approve the establishment of a Bitcoin reserve. This move could set a major precedent for cryptocurrency integration into public finance. The states will lead. 🇺🇸 pic.twitter.com/K8X7AL7OnX — Dennis Porter (@Dennis_Porter_) February 1, 2025 According
The new SEC management may be ready to accept more cryptocurrency products The approval of two cryptocurrency exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has created a significant buzz in the market, especially for Bitcoin and Ethereum. Yesterday, the SEC gave its initial approval to Bitwise Asset Management’s ETF, which tracks
A report for the last quarter of 2024 shows more mobile wallets active around the world The use of mobile cryptocurrency wallets has reached record levels, signaling growing mainstream adoption. According to Coinbase’s latest market report, over 36 million people actively used mobile crypto wallets in the last quarter of 2024. This increase reflects a
DraftKings was sued by the NFLPA for $65 million for using player images without permission DraftKings has reached a settlement with the NFL Players Association (NFLPA) after being accused of failing to pay for using NFL player likenesses in non-fungible tokens (NFTs). The two parties informed a New York federal judge on January 27 that
The state is one of a handful looking to embrace cryptocurrency more Arizona lawmakers have taken a significant step towards incorporating Bitcoin into the state’s financial strategy with the advancement of a new bill. The proposed legislation, known as the Strategic Bitcoin Reserve Act (SB1025), was passed by the Arizona State Senate Finance Committee on
The billionaire is reportedly considering moving government spending oversight to the Blockchain Elon Musk, as head of the Department of Government Efficiency (DOGE), is reportedly exploring how blockchain technology could streamline US government operations and curb federal spending. This initiative aligns with Musk’s vision of enhancing accountability and reducing waste in government budgets. The DOGE
President Trump wants the federal government to create a framework for digital assets President Donald Trump took a significant step toward advancing cryptocurrency and blockchain technology with an executive order issued yesterday. The order outlines a plan to create a clear regulatory framework for digital assets while promoting their growth and responsible use within the
The bill would implement daily withdrawals for crypto users in the state A North Dakota lawmaker has introduced a bill aimed at regulating cryptocurrency ATMs to enhance consumer protection and combat scams. House Bill 1447, presented on January 15, proposes several restrictions, including a daily withdrawal limit of $1,000 and a fee cap of $5
The move comes after Trump called Ulbricht’s lengthy prison term ‘ridiculous’ President Donald Trump has granted a full pardon to Ross Ulbricht, the creator of the Silk Road darknet marketplace, fulfilling a promise made during his campaign. Many people who have been aware of the issue seem to agree with this recent move by the
The exploit was only recently uncovered, but could have a major impact on holdings A recently uncovered exploit has placed approximately 14,545 Tron cryptocurrency wallets at risk, threatening millions in digital assets. The vulnerability is tied to the UpdateAccountPermission transaction, which was intended to improve account security but has been manipulated by attackers to gain
The TRUMP memecoin is facing scrutiny ahead of Donald Trump’s swearing-in ceremony Concerns have emerged over unusual trading patterns surrounding the recently launched Official Trump (TRUMP) memecoin, a Solana-based cryptocurrency linked to President-elect Donald Trump. The token’s market cap has skyrocketed to $42 billion, drawing massive attention from retail investors, but onchain activity has raised
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