Day: 16 October 2023

California Governor Gavin Newsom has officially signed into law the Digital Financial Assets Law, a controversial bill that establishes a regulatory framework for cryptocurrency companies operating within the state.  The legislation, passed by California's legislature in September 2023, will require crypto firms to secure licenses from the state's Department of ...

Haru Invest, a South Korean cryptocurrency platform, has announced plans to suspend its server operations just months after freezing customer withdrawals in June 2023. In an announcement made on October 16, Haru Invest CEO Hugo Lee revealed the company's intentions to shut down its servers as a cost-cutting measure. According ...

The primary address linked to the infamous Uranium Finance hack of April 2021 has once again moved to transfer a substantial amount of stolen cryptocurrency funds.  According to Peck Shield, a leading blockchain security firm, the hacker successfully moved $3.1 million worth of Binance USD (BUSD) stablecoins from BNB Chain ...

In the financial world, cryptocurrencies and fiat currencies sit at opposite ends of the privacy spectrum. Imagine walking down the street with a handful of cash; you can buy anything you want with those bills or coins without anyone being able to trace them back to you.  On the other ...

The price gap between shares of Grayscale Bitcoin Trust (GBTC) and the trust's underlying Bitcoin holdings has narrowed to its lowest level in 22 months.  On October 13, 2023, GBTC shares traded at a 15.87% discount to the trust's net asset value, according to data firm YCharts. This represents the ...