Blockchain interoperability protocol LayerZero has finalized a $110 million acquisition of cross-chain platform Stargate, following an intense, last-minute bidding battle that drew rare multi-protocol competition in the DeFi space. Stargate’s community voted on August 24 with a 95%...
Changpeng “CZ” Zhao, founder and former CEO of Binance, has dismissed Central Bank Digital Currencies (CBDCs) as “outdated,” arguing that stablecoins have overtaken them in relevance and adoption. Speaking at the WebX conference in Tokyo on August 25,...
A crypto wallet flagged by blockchain security analysts as the “Coinbase hacker” has splashed $8 million on Solana (SOL), only to take an immediate hit as prices fell. Data from Lookonchain shows the wallet swapped DAI for USDC...
BitMine has cemented its position as the biggest corporate holder of Ethereum (ETH) after another large-scale purchase pushed its treasury to unprecedented levels. On August 24, blockchain analytics platform Lookonchain reported that the Las Vegas-based mining and investment...
Telegram founder Pavel Durov has lashed out at French authorities, accusing them of pursuing a baseless criminal investigation that has dragged on for more than a year and left him tethered to legal obligations in Paris. Durov, a...
In a significant move impacting the future of digital currency, the US House of Representatives has inserted a sweeping provision into its annual defense policy legislation that would prohibit the Federal Reserve from developing or issuing a central...
Thirteen wallets pocketed over $24.5 million from trading Kanye West’s newly launched YZY token before its price crashed, blockchain data from Nansen shows. The rapper launched YZY on Solana on Thursday, sparking a frenzy that saw the token...
The U.S. Commodity Futures Trading Commission (CFTC) has rolled out its second “crypto sprint,” this time inviting public feedback from market participants on how the agency should approach regulating spot cryptocurrency trading. Acting Chair Caroline D. Pham announced...
A Bitcoin investor has fallen victim to a massive social engineering scheme, losing 783 BTC—valued at roughly $91 million—in a single transaction earlier this week. Blockchain investigator ZachXBT revealed the exploit in an X post on Thursday, noting...
Australia’s corporate watchdog is intensifying its war on online scams after removing more than 14,000 fraudulent websites since mid-2023, with thousands linked to cryptocurrencies. The Australian Securities and Investments Commission (ASIC) revealed on Thursday that over 3,000 of...
