Author: Chris Smith
Nigeria Orders Binance to Suspend Service to Traders
Reading Time: < 1 minuteThe Nigerian Securities Authority has recently released a statement warning investors to stay away from Binance.
Crypto Exchange OKX Burns $258M Worth of its Native Token OKB
Reading Time: < 1 minuteOKX has destroyed 64 million of its tokens in its 20th native token buyback and burn procedure, with nearly 5.5M OKB valued at roughly $258M taken out of circulation.
Bedrock Update Significantly Reduces Optimism Network Fees
Reading Time: < 1 minuteFollowing the recent Bedrock update, Optimism’s L2 transaction fees saw a sharp decrease, going from $0.57 to $0.16, according to the Dune dashboard.
BitGo Plans to Acquire Crypto Custodian Prime Trust
Reading Time: < 1 minuteCustodian BitGo has reached a preliminary agreement to purchase all 100% of the securities of Prime Core Technologies, which includes cryptocurrency custodial company Prime Trust.
USDC Issuer Circle Receives Payment Institution License in Singapore
Reading Time: < 1 minuteCircle has been granted a Major Payment Institution license by the Monetary Authority of Singapore, enabling Circle Internet Singapore to offer digital payment token services and domestic and international money transfers in the country.
Securities and Exchange Commission Sues Coinbase
Reading Time: < 1 minuteThe Securities and Exchange Commission brought a lawsuit against Coinbase on Tuesday morning.
Atomic Wallet Hacker Sent Assets to Crypto Mixer Used by Hacker Lazarus Group
Reading Time: < 1 minuteMore than $35 million worth of assets stolen in the Atomic Wallet hack is being laundered by the hacker through the Sinbad.io cryptocurrency mixer.
USDT’a Market Caps Reaches New High
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The total market value of Tether (USDT) has reached a new record at $83.4 billion, surpassing its previous record from May 2022 of $83.2 billion.
TON Foundation Makes Proposal to Burn Half of Network Fees
Reading Time: < 1 minuteThe TON Foundation has put forward a proposal to introduce a burn mechanism on the TON network, aiming to destroy 50% of all transaction fees.
dWallet Labs Finds $500M Vulnerability in TRON Multisig Accounts
Reading Time: < 1 minuteCybersecurity team 0d from dWallet Labs has recently identified a critical multi-signature vulnerability in the Tron network that has affected approximately $500 million in assets.
Ede Finance Developers Confess Price Manipulation as a Result of Hack
Reading Time: < 1 minuteThe project team admitted to their manipulation and promised to return the stolen funds to the hacker, minus 10%.
Trading Volume on Exchange Minswap Rises to Record High Due to Meme Coins
Reading Time: < 1 minuteDaily trading volume on the Cardano-based decentralized exchange Minswap spiked to $20.93 million in late May, up from around $1-2 million previously.
ExCoinbase Employee to Cooperate in Future SEC Investigations
Reading Time: < 1 minuteIshan Wahi, a former Coinbase employee, has reached a settlement with the US Securities and Exchange Commission (SEC) over insider trading charges related to the front-running of token listings.
$500 Million at Risk Due to Tron Vulnerability
Reading Time: < 1 minuteThe cybersecurity research team 0d at dWallet Labs identified a critical vulnerability on the Tron blockchain network that threatened $500 million, and the issue was quickly and effectively resolved.
USDC Dominance Index Falls to 23% in a Year
Reading Time: < 1 minuteUSDC’s dominance plummeted from 34.88% to 23.05% over the 12-month period.
Former Greek Finance Minister: Banking Sector is “Fairly” Afraid of CBDCs
Reading Time: < 1 minuteEconomist and former Greek Finance Minister Janis Varoufakis has observed that banks in the US, such as JPMorgan, are fearful of the potential implications of central bank digital currency (CBDC) on their businesses.
Norway to Develop its Own Digital Currency Market Regulation Model
Reading Time: < 1 minuteThe Bank of Norway released last week a report focusing on the advancement of the state’s monetary system.
JPMorgan: Bitcoin Will Hit $45,000
Reading Time: < 1 minuteAnalysts at JPMorgan Chase concluded that a troy ounce of gold currently valued at $2,000 is equal to $45,000 in Bitcoin.
Sam Altman’s Worldcoin Attracts $115M
Reading Time: < 1 minuteTools for Humanity has recently raised $115 million in a Series C funding round.
Binance Launches NFT Loans on its Marketplace
Reading Time: < 1 minuteThe NFT marketplace of cryptocurrency exchange Binance has just added the possibility of borrowing cryptocurrencies using NFTs as collateral.
Winklevoss Twins to Expand Gemini into British Market
Reading Time: < 1 minuteCameron and Tyler Winklevoss, the founders of cryptocurrency exchange Gemini, have revealed their plans to open a second headquarters in London.
Michael Saylor: Big Banks Will Work With BTC
Reading Time: < 1 minuteMichael Saylor, CEO of MicroStrategy, is optimistic about the future of the crypto market in the US.
TRM Labs Says Hacker Damage Reduction is Due to Sanctions Against Mixer Tornado Cash
Reading Time: < 1 minuteThe first quarter of 2023 saw a marked decrease in the amount of damage from hacks of DeFi protocols.
Crypto Exchange BitMEX to Receive a License in Hong Kong
Reading Time: < 1 minuteBitMEX is launching a dedicated service through a mobile app for Hong Kong residents to adhere to the new regulations proposed by the SFC.
Switzerland Raises BTC Tax Threshold to $1.67 Million
Reading Time: < 1 minuteThe local government of the Swiss canton of Zug has increased the minimum taxation that can be paid with Bitcoin and Ethereum from 100,000 CHF to 1,500,000 CHF.
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