On January 5, 2024, blockchain security auditing company Certik experienced a significant security breach. The incident, which occurred in the early hours of Friday, involved the compromise of the company’s social media handles. This breach allowed the hacker to launch a phishing campaign, misleading Certik’s followers with fraudulent messages. Social Media Compromise Leads to Phishing […]

The US Treasury Department is actively advocating for broader enforcement powers aimed at regulating foreign providers of cryptocurrency services, driven by the imperative of strengthening national security measures. Deputy Secretary Adewale O. Adeyemo has underscored the urgent need to confront the rising threat posed by nefarious actors who exploit digital currencies to circumvent conventional financial […]

Digital Currency Group (DCG) announced on Friday that it has successfully paid off its short-term loans from Genesis, its bankrupt subsidiary. This recent financial move marks a substantial step forward for the firm, bringing its total debt repayment to creditors to an impressive figure exceeding $1 billion. Source: Digital Currency Group on X   Substantial Debts […]

In what comes as a setback for Telegram, a globally renowned messaging application, a high-risk vulnerability has recently been identified within its desktop application, per insights unveiled by the security platform CertiK. This security risk has sparked concerns across Telegram’s global user base, further pushing the messaging app to face international scrutiny orbiting security improvisation. […]

The crypto market is bleeding as the top digital currencies, including Bitcoin (BTC) and Ethereum (ETH) are trading in the red today. However, Lido DAO (LDO), a DeFi token, grabbed the spotlight with its exceptional price surge. The crypto gained over 15% in the trading session on Saturday, January 6, 2024, and attained a new […]

The Financial Stability Institute (FSI) in a detailed report issued on April 9th, 2024, has emphasized the necessity of a coordinated regulatory approach to stablecoins across different jurisdictions. The report stresses the necessity of stable regulatory environments to control risks attributed to stablecoins and to maintain a stable financial system. Across jurisdictions, emerging #Stablecoin regulations […]

Zilliqa blockchain announced an update to version 9.3.0 on Tuesday and informed the community of its successful transition on Saturday. It noted that the network has consistently produced blocks and processed transactions since the upgrade.  The network said, “With such a significant upgrade, it is expected that there will be some initial challenges, which we […]

Fidelity has announced plans to implement a new fee structure for exchange-traded fund (ETF) purchases. If the fund sponsors do not consent to the brokerage paying support fees, the investors will now be charged $100 for each trade on an ETF valued at $2,000 and over. On trades equivalent to or less than $2,000, the […]

Shibarium, the Shiba Inu-backed Lyer-2 scaling solution is seeing its transaction count slump in a waning adoption on the network.  Shibarium Transactions Trend Change According to data from the Shibarium Explorer, daily transactions are now pegged at 5.69 million, down from the general average of 7 million over the past month. The data shows a […]

Messari, a prominent crypto research firm, has unveiled staggering projections for Coinbase’s performance in the first quarter of 2024. The firm’s Senior Research Analyst, Kunal Goel, who spearheaded the analysis offered an optimistic outlook. In addition, he boldly forecasted a remarkable 89% surge in transaction revenue of Coinbase. Coinbase Q1 FY24 Earnings Estimate According to […]