Day: 29 October 2024

So far, U.S. regulators have secured over $19 billion in settlements from crypto companies in 2024, and that is almost two-thirds of all the settlements ever recorded in the industry. With eight major settlements this year, the total amount collected is 78% higher than in 2023's $10.87 billion. It's also ...

As blockchain technology reshapes digital interactions, three projects — Qubetics, Immutable X, and StarChain—are advancing specific solutions to meet the increasing demands for decentralized finance (DeFi), asset security, scalability, and tokenization. Each platform offers unique capabilities, with Qubetics focusing on interoperability and crypto wallet solutions, Immutable X on scalable NFTs, ...

A Web3 security researcher, known by the pseudonym "jayjonah.eth," recently earned a $150,000 bounty after discovering a critical vulnerability in the Evmos blockchain.  The researcher claimed they identified the bug, which could halt the entire Evmos blockchain and disrupt all decentralized applications (DApps) built on it, by analyzing the Cosmos ...

OKX has named UK’s banking giant Standard Chartered as the third-party custodian for its services aimed at global institutional clients. According to the crypto exchange's Global Chief Commercial Officer Lennix Lai, this collaboration will enhance OKX's institutional services by connecting it with diverse markets worldwide through Standard Chartered's extensive cross-border ...

Coinbase CEO Brian Armstrong has called on the next chair of the U.S. Securities and Exchange Commission (SEC) to apologize to the cryptocurrency sector for what he views as unfavourable treatment under current chair Gary Gensler. In a post on X, Armstrong criticized ongoing legal actions against digital asset exchanges, ...

Gemini has received preliminary approval from Singapore's Monetary Authority (MAS) to offer cross-border money transfer and digital payment token (DPT) services in the country. According to the New York-based crypto exchange, this achievement underscores its commitment to adhering to the highest regulatory standards and reinforces its dedication to the Singapore ...

Max Avery, a recognized voice in the crypto community, has touted Ripple's potential to reshape the $27 trillion cross-border payment market through its technology and product offerings. In a recent lengthy post on X, Avery detailed how Ripple's solutions address critical pain points in traditional banking and, thus, position its ...

The X account of the developer of the popular AI bot Truth Terminal, Andy Ayrey, has been hacked. The breach, confirmed by X user Tischersauce on October 29, allowed the attackers to promote a questionable memecoin and generate over $600,000 in profits. Can you atleast shill an actual good coin ...

In continuation of his series of posts about Ethereum's next growth phases, co-founder Vitalik Buterin has shared his vision for what "The Splurge" phase of the blockchain's development would look like. The Splurge is the sixth stage in Ethereum's development roadmap, and it is aimed at strengthening Ethereum against future ...

Sequoia Capital and several other venture capital (VC) firms are reportedly set to generate hundreds of millions of dollars in returns from Stripe's recent acquisition of the stablecoin infrastructure platform Bridge. According to Bloomberg, Sequoia holds a 16% stake in Bridge after an initial investment of $19 million in the ...