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    Blockchain

    Munchables Retrieves All Funds from Exploiter, Refund in Progress

    Munchables has successfully recovered funds previously lost to an exploit and proceeded with refund procedures for users impacted.

    New Zealand Regulator Warns Against Crypto Exchange Clone

    New Zealand’s Financial Markets Authority (FMA) has flagged an unlicensed crypto exchange clone of BTCSWE. The impersonator has been reportedly contacting customers, promising to retrieve funds lost in previous unsuccessful investments.

    Coinbase Ramps Up USDC Reserves on Base with TVL Exceeding $1 Billion

    Coinbase has announced plans to increase the storage of corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by the exchange and built on the open-source OP Stack. 

    KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US

    Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.

    Gaming Firm Illuvium Raises $12M Funding Led by King River Capital, Arrington and Animoca

    Web3 gaming firm Illuvium has raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures.

    Web3 Game Munchables Loses $62.5 Million to Exploit: ZachXBT

    The web3 gaming platform Munchables experienced a significant security breach, losing $62.5 million in Ethereum due to an exploit on the Blast network.

    Hancom Scion Released on Bail in South Korean ‘Crypto Slush Fund’ Probe

    A South Korean court has released the son of software giant Hancom Group’s Chairman on bail as prosecutors continue to probe an alleged “crypto slush fund.”

    Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist

    Russian ministries could be prepared to “legalize” industrial crypto mining in the country. But one key department could yet throw a spanner in the works.

    Fifth-Richest Bitcoin Whale Transfers Over $6 Billion in BTC After Years of Dormancy – What’s Going On?

    Blockchain investigator firm Arkham Intelligence announced on March 25 that the fifth-richest Bitcoin whale had moved 94,504 BTC worth $6.05 billion to three new addresses.

    U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding

    Tawfiq Muhammad Said Al-Law, a hawala operator involved in Hezbollah crypto funding, has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday.

    Gerald Heydenreich, Founder of EtherMail, on Web3 Email, Tokenization, and The Future of Email | Ep. 320

    In an exclusive interview with Cryptonews, Gerald Heydenreich, the founder of Web3 email platform EtherMail, talked about his path from Web1 to Web3, the similarities between Web1 and Web3, and reinventing email, which is used by 4.3 billion people globally.

    UK Government-Backed Technology Group Encourages Tokenization Collaboration Among Firms

    A new report released on Tuesday outlines the recommendations of a technology working group supported by the UK government, which encourages companies to adopt tokenization strategies in collaboration with their industry peers.

    KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations

    Crypto exchange KuCoin and two of its founders just got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols.

    South Korean Police Capture Fraudsters Who Stole $4.1 Million in Crypto Investment Scam

    The Haeundae Police Station in Busan, South Korea, has caught a pair of fraudsters who stole $4.1 million from a senior citizen with the promise of profitable crypto investments.

    Turkey’s Misyon Bank Taps Taurus for Digital Asset Custody and Tokenization Services

    Turkey’s Misyon Bank has announced its partnership with Swiss firm Taurus to leverage its digital asset custody and tokenization technology. 

    US Treasury Targets Russian Blockchain Companies for Sanctions Evasion

    The US Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities and two individuals. They are accused of developing crypto-related services that could facilitate sanctions evasion on behalf of Russian nationals.