Two commissioners aren’t happy with a recent enforcement action by the watchdog Two commissioners from the US Securities and Exchange Commission (SEC) have openly criticized the agency’s settlement with Flyfish Club, a restaurant project that sold NFTs as memberships. Flyfish Club agreed to pay $750,000 as part of a settlement over allegations that it conducted
The attacks on cryptocurrency platforms continue as systems neglect to heighten their security Delta Prime, a decentralized finance (DeFi) platform, has become the latest victim of a cyberattack, with the hackers making off with nearly $6 million in digital assets. The incident highlights the ongoing vulnerabilities in the cryptocurrency sector. The attack was first reported
The state has presented its crypto regulations as it looks to stand out from the crowd Hawaii is positioning itself as a global hub for cryptocurrency by implementing new, crypto-friendly regulations that have already attracted significant interest from major companies in the industry. Starting July 1, 2024, cryptocurrency exchanges and firms in Hawaii no longer
The number of crypto transactions has risen significantly in 2024 Interest in cryptocurrency has surged in 2024, with much of the excitement fueled by the introduction of Bitcoin exchange-traded funds (ETFs). These ETFs, particularly spot Bitcoin ETFs launched in the US in early 2024, have played a major role in boosting crypto activity across the
Several Bitcoin miners have received huge payouts for their dedication A Bitcoin miner has recently secured a not-so-common and significant payday of around $180,000 after successfully mining a block on their own. On September 10, the miner solved block number 860749, which included 5,935 transactions. The reward for mining the block totaled 3.169 Bitcoin, valued
The bankrupt cryptocurrency exchange continues to resolve its debts FTX, the bankrupt cryptocurrency exchange, has reached an agreement with Emergent Fidelity Technologies in a dispute over ownership of more than $600 million worth of Robinhood shares. Emergent, co-founded by FTX’s Sam Bankman-Fried, had been entangled in a legal battle over 55 million shares of Robinhood,
The bank has yet to conform to previous orders the Fed gave it to improve its operations The US Federal Reserve has issued a cease-and-desist order to the crypto-friendly United Texas Bank, citing issues with the bank’s risk management systems, particularly in relation to its crypto clients. This order from yesterday follows a May examination
The decentralized finance protocol has become the latest victim of cyber thieves The Penpie protocol, a decentralized finance (DeFi) project operating on the Pendle platform, experienced a severe security breach yesterday. The attack resulted in the theft of $27 million from client funds. The breach has sent shockwaves through the DeFi community and raised concerns
The proposal takes a novel approach to overcome a known limitation of blockchain transactions A new proposal called the “Zero-KYC Assurance Mechanism for Fiduciary Money Transfer” (ZKAM-FMT) has been introduced by a Reddit user known as ShadowOfHarbringer, aiming to tackle financial scams in peer-to-peer (P2P) cryptocurrency markets. The innovative proposal seeks to secure transactions without
A court has ruled that there’s no case against Musk Elon Musk and Tesla have successfully completed a legal challenge accusing them of manipulating the price of Dogecoin, a popular cryptocurrency. The lawsuit, which sought a staggering $258 billion in damages, was dismissed yesterday by Judge Alvin Hellerstein of the US District Court for the
The outages were reportedly due to major interest in the newer memecoin The Open Network (TON) has resumed operations following its second major outage in just 36 hours. The network went down yesterday at 7:17 P.M. UTC and was restored around 1:00 A.M. UTC today. The TON Community confirmed the network’s return to full functionality
The new cryptocurrency trading options are coming at the end of September The Chicago Mercantile Exchange (CME) Group is set to introduce a new type of Bitcoin futures contract aimed at catering to the growing interest among retail investors. According to a report shared yesterday, CME will launch these new Bitcoin Friday Futures (BFF) on
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