DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full reimbursement for affected customers, DMM Bitcoin plans to collaborate with its group companies to replace the…
After less than a week, the 45th U.S. President Donald Trump has seen his cryptocurrency portfolio double in value. As the 2024 presidential candidate, he now holds $31.23 million in assets, thanks to a wave of donations.
Trump’s Crypto Portfolio Doubles
Donald Trump’s…
ERC-6900 Website Launches, Co-Authored by Ethereum Foundation, Alchemy, Circle and Quantstamp
June 5, 2024
The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart…
The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating in a scheme that laundered criminal proceeds using cryptocurrency. Authorities allege that Weidong Guan and his accomplices used bank accounts opened with stolen personal identification information to transfer the funds to the media company’s accounts.
Guan and…
Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023 collapse of key crypto-friendly…
Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on…
Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs
June 4, 2024
Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital collectibles and ensures the continued decentralization of the Flow blockchain.
Dapper Labs Resolves…
Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations
June 4, 2024
Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict the issuance and offering…
Sleepy Crypto Market ‘May Get Caught Offside': QCP Capital Eyes Bullish Shift in Ethereum
June 3, 2024
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to…
Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by promising high returns from cryptocurrency investments, only to misappropriate their funds for personal use, gambling, and repaying other investors. He…
