Over 185 South Koreans in their 20s hold digital assets valued at over $750,000 each, according to data from local exchanges Upbit and Bithumb. Local media outlet Maeil Business Newspaper reported on October 3 that both crypto exchanges disclosed this information in a report titled 'Current Status of Virtual Asset ...
Phishing attacks and private key breaches have led to the theft of over $750 million worth of cryptocurrencies during the third quarter of 2024, according to a new report by blockchain analytics firm CertiK. Despite a decrease in the number of security incidents to just over 150, the total amount ...
A recent report by venture capital firm Lattice Fund reveals that over 80% of early-stage crypto startups that secured funding in 2022 are still operational despite the major market downturns. The report highlighted that out of more than 1,200 crypto startups that collectively raised $5 billion, 76% successfully launched a ...
The Australian Federal Police (AFP) announced they had successfully "deciphered" a seed phrase granting access to $6.4 million (9.3 million Australian dollars) worth of cryptocurrencies linked to a suspect. The individual, Jay Je Yoon Jung, is accused of creating an encrypted messaging app, "Ghost," reportedly used by organised crime networks. ...
In September 2024, cryptocurrency platforms faced significant security breaches, resulting in losses of over $120 million from more than 20 hacks, according to blockchain forensic firm PeckShield. The attacks targeted both centralized and decentralized platforms, with exchanges like BingX, Penpie, and Indodax among the most affected. #PeckShieldAlert September 2024 saw ...
Robinhood Crypto has introduced crypto transfers for its European customers. They can now buy, sell, and hold over 35 cryptocurrencies, including Bitcoin, Ethereum, Solana, and USDC, according to a recent press release. As part of the launch, Robinhood is offering a 1% deposit match on all crypto deposits for a ...
Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services Agency (FSA). In the coming months, the FSA will evaluate whether ...
The Ethena Labs community is set to vote on a proposal to integrate Ethereal, a decentralised exchange on the Ethena Network, into its reserve management system. The move aims to boost the "utility and demand" for USDe, Ethena Labs' synthetic stablecoin. A proposal submitted by "Fells0x" on September 30 seeks ...
Matrixport, an all-in-one crypto financial services platform, has completed the full-cash acquisition of Crypto Finance Asset Management AG (CFAM), a licensed Swiss crypto asset manager formerly owned by the Deutsche Börse Group’s Crypto Finance Group (CFG). Following the acquisition, CFAM has been rebranded as Matrixport Asset Management (MAM). The newly ...
Two major financial regulators in Hong Kong have jointly announced their intention to implement reporting requirements established by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. On September 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) revealed a plan to ...
