More

    Blockchain

    Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds

    Hedgey Finance suffered a devastating blow on April 19 when two simultaneous exploits drained $44.7 million from the token infrastructure platform.

    Crypto Education Gains Traction During Financial Capability Month

    April is recognized as National Financial Capability Month in the U.S. to highlight financial education across the country. 

    SEC Reworks Justin Sun Tron Lawsuit, Claims Founder “Traveled Extensively”

    The United States Securities and Exchange Commission (SEC) has edited its Tron lawsuit against Justin Sun and his crypto companies, Tron Foundation, the BitTorrent Foundation, and Rainberry, following his attempted dismissal of the litigation late last month, amended court docs filed on Thursday reveal.

    Binance Co-Founder Says Former CEO CZ Is in a ‘Positive Situation’ Ahead of Sentencing

    Binance co-founder He Yi provided insights into Changpeng Zhao’s (CZ) legal situation at a Dubai event on April 19, expressing optimism despite his upcoming sentencing in the United States.

    Mango Markets Hacker Found Guilty, Faces 20 Years in Prison: Reuters

    The Mango Markets hacker, Avraham Eisenberg, was found guilty on Thursday in a Manhattan federal court for orchestrating a scheme that resulted in the theft of approximately $110 million from the Solana-based DeFi platform.

    China Opens e-CNY Research Institute, Appoints First Expert Panel

    The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC).

    Russian Ministry Officials ‘Took BTC, ETH Bribes from Crypto Exchange Exec’

    Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week.

    BlackRock ETF Closing in on Grayscale Market Share Despite Low Inflows

    BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has established a commanding market presence, edging closer to the dominance of Grayscale’s Bitcoin Trust (GBTC), according to data released on April 17.

    Popular Analyst Plan B Predicts Bitcoin Price to Surpass $300,000 in 2025 – Here’s How

    In a recent prediction revealed on April 17, crypto analyst “Plan B” forecasted that the Bitcoin price would surpass $300K by 2025, with expectations of reaching $100K by December 2024.

    Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means

    Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, as outlined in a supplement to the country’s 2024 annual budget, reported by the National Post on April 16.

    Major CEXs Experience 3X Surge in Monthly Trading Volumes from October 2023: Bybit

    Centralized cryptocurrency exchanges (CEXs) like Binance experienced a large surge in trading volumes between October 2023 and March 2024, according to Bybit’s 2024 Institutional Industry Report released on April 18.

    Binance Back on Their Feet With Dubai Crypto Licence Following CZ’s Resignation

    Binance, the world’s largest cryptocurrency exchange, secured a highly anticipated crypto license in Dubai following the resignation of Changpeng Zhao “CZ” as CEO.

    Maison Margiela Launches Public Mint For MetaTABI NFT Collection

    Iconic Paris fashion house Maison Margiela announced an expansion of its Web3 fashion offerings on Wednesday with the launch of its new NFT MetaTABI.

    Arkansas State House Passes Bills for Potential Crypto Mining Restrictions

    The Arkansas State House recently passed two bills to potentially restrict cryptocurrency mining activities within the state. However, six other proposals failed to garner enough votes for advancement.

    Tether Restructures with New Divisions Beyond Stablecoin Development

    Tether, the operator behind USDT, the world’s largest stablecoin by market value, has announced a significant restructuring to expand its scope beyond stablecoin development. 

    Tribe Capital-Backed Nibiru Chain Allocates Over $15M in Developer Grants

    HashKey, Kraken Ventures, Tribe Capital-backed Nibiru Chain is launching a $15 million grant program to support developers with a focus on the Asian market.