As the 2024 federal elections approach, a new and influential player has emerged in the political arena: the cryptocurrency industry. According to a recent report from consumer advocacy group Public Citizen, cryptocurrency companies have contributed over $119 million to this year’s federal elections, representing nearly half of all corporate money given so far. This massive…
Binance Holdings Ltd., one of the world’s leading cryptocurrency exchanges, is making a significant move to bolster its operations and address growing regulatory demands by hiring 1,000 new employees this year. A large portion of these new hires will be dedicated to compliance roles, reflecting the company’s commitment to meeting the stringent regulatory requirements that…
In a shocking incident that has sent ripples through the cryptocurrency community, WazirX, one of India’s leading crypto exchanges, recently fell victim to a massive cyber attack. The hackers managed to siphon off over $230 million (approximately ₹2000 crore), marking one of the largest security breaches in the digital asset space. The incident has left…
In a sweeping nationwide operation, German authorities have seized nearly 25 million euros (approximately $28 million) in cash from cryptocurrency ATMs across the country. This significant crackdown, led by the Federal Financial Supervisory Authority (BaFin), marks one of the most extensive actions against the burgeoning crypto ATM industry in Germany. The Operation: A Coordinated Effort…
In a significant move that has stirred conversations in the crypto community, a prominent SEC-registered crypto platform has announced an expansion of its custody operations beyond Ethereum’s ETH. This development marks a strategic shift in how the platform handles digital assets, as it now includes Uniswap’s UNI and Arbitrum’s ARB in its custody services. Notably,…
In a significant stride toward bolstering market confidence, KaJ Labs has strategically locked 300 million Colle AI (COLLE) tokens on the Solana blockchain. This bold move comes at a crucial time in the crypto landscape, where stability and trust are paramount. By securing such a substantial number of tokens, KaJ Labs is not only demonstrating…
In a rapidly evolving digital landscape, the security of cryptocurrency holdings has become a top priority for both individual investors and regulatory bodies. Germany’s Federal Office for Information Security (BSI) recently issued a strong advisory to cryptocurrency holders, urging them to secure their digital assets using hardware wallets. This recommendation comes in the wake of…
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has been at the center of financial discussions since its inception. Recently, a prominent crypto analyst made headlines by predicting that Bitcoin could see its price surge to an astonishing $100,000, representing a 200% increase from its current value. However, this bullish projection comes with a…
In a case that underscores the growing intersection of traditional finance and cryptocurrency, a former Kansas bank chief executive has been sentenced to over 24 years in prison for orchestrating a $47 million embezzlement scheme involving cryptocurrency, which ultimately led to the collapse of the bank he once led. The sentencing marks the culmination of…
The cryptocurrency market has always been known for its volatility, with even the most promising projects experiencing significant fluctuations in value. Currently, two well-established names in the crypto space—Shiba Inu and Avalanche—are facing challenges amid a difficult market climate. Despite their strong foundations and vibrant communities, both projects are struggling to maintain their momentum. Meanwhile,…
In a historic and groundbreaking decision, the Dubai Court of First Instance has ruled that salary payments made in cryptocurrency are valid under employment contracts in the United Arab Emirates (UAE). This ruling represents a significant shift in the legal landscape, reflecting Dubai’s progressive approach to integrating digital currencies into its financial and legal systems….
In a rapidly evolving digital landscape, cybersecurity threats continue to grow more sophisticated, with the latest menace being Styx Stealer—a new malware designed to stealthily swipe cryptocurrency from Windows-based computers. First identified by cybersecurity firm Check Point Research, Styx Stealer has emerged as a powerful and dangerous evolution of previous malware, posing a significant risk…
