Abracadabra Money recently faced a security incident involving its gmCauldrons, resulting in a loss of about 13 million MIM. The gmCauldrons, which allow users to leverage gmTokens for borrowing MIM or using yield-bearing LP tokens, are essential to the...
Rumble, the Canada-based video-sharing platform, is gearing up to introduce its digital wallet to enhance creator monetization with support from stablecoin giant Tether. CEO Chris Pavlovski announced the initiative in an X post revealing that the "Rumble Wallet" will...
South Korean authorities have blocked access to several foreign cryptocurrency exchange apps on Google Play, including Poloniex, KuCoin, MEXC, Phemex, and Bitrue, citing their unregistered status in the country. In a March 26 press release, the Financial Intelligence Unit...
The UK's Financial Conduct Authority (FCA) has raised concerns over the growing number of young investors under 35 turning to cryptocurrencies as their first financial investment. FCA Chief Executive Nikhil Rathi warned that these assets are highly risky, with...
USD Coin (USDC) has reached a new all-time high, surpassing a market capitalization of 60 billion. Over the past three months, it has significantly outpaced its main rival, Tether (USDT), in growth, expanding its supply by 16.3 billion, while...
Worldwide Stablecoin Payment Network (WSPN) has introduced a cross-chain bridge in partnership with Meson.fi and Free Protocol, enabling seamless transfers of its WUSD stablecoin between Ethereum and Conflux. This development marks a major step in WSPN’s efforts to expand...
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Immutable without taking any enforcement action, marking a significant moment for the Web3 gaming industry. In a statement released on March 26, Immutable confirmed that the...
Bankrupt cryptocurrency exchange Mt. Gox has once again moved a significant amount of Bitcoin, transferring 11,501 BTC—worth approximately $1.01 billion—on March 25. This marks the exchange’s third major transaction this month, fueling speculation that creditor repayments may be drawing...
Security risks remain one of the biggest roadblock to mainstream cryptocurrency payments, as cyber threats like hacks and phishing scams continue to undermine trust in the industry. A recent survey by Bitget Wallet, conducted as part of its Onchain...
Crypto.com has come under fire from the cryptocurrency community after reportedly reissuing 70 billion Cronos (CRO) tokens that were previously burned in 2021. The move has sparked concerns over decentralization and transparency, with critics accusing the exchange of undermining...
