Key Takeaways Seven Senate Democrats have urged the top 10 bitcoin ATM operators in the U.S. to address the rising tide of crypto fraud targeting elderly Americans. On September 11, the lawmakers sent letters to CEOs of major bitcoin ATM…
Key Takeaways BaseBros Fi, a decentralized finance (DeFi) yield optimization protocol on the Base blockchain, abruptly disappeared on September 13, taking with it users’ investments. Without warning, the project’s website was wiped, and its social media accounts on X (formerly…
Key Takeaways Delta Prime, a decentralized finance (DeFi) platform, has lost over $5.9 million following a cyberattack on September 16. The attack occurred after a hacker gained control of a private key, allowing them to manipulate the platform’s contracts and…
Key Takeaways Bybit, the world’s second-largest cryptocurrency exchange by derivatives volume, has secured a provisional license in Dubai two years after establishing its headquarters in the city. The license, granted by the Virtual Asset Regulatory Authority (VARA), allows the exchange…
Key Takeaways Hong Kong is considering involving the Securities and Futures Commission (SFC) in regulating over-the-counter (OTC) virtual asset trading services, alongside the Customs and Excise Department (C&ED), as the city struggles to bring order to its crypto sector. Over-the-counter…
Key Takeaways In a significant move, the United Kingdom High Court has ruled that the stablecoin Tether (USDT) is legally considered property. This is the first ruling of its kind under English law following a full trial, marking a significant…
Key Takeaways Brazil’s largest crypto bank, Nubank, has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. The decision follows a sharp decline in the token’s value, which has fell over 97% in the past year. The suspension,…
Key Takeaways Bitcoin ATMs across the world are facing difficult times. As per a Coin ATM radar report, the global Bitcoin ATM network lost a staggering 435 and 182 machines in the last two months. The authorities have cited the…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) is scrutinizing FTX’s proposal to repay its creditors using stablecoins or other crypto assets. In a court filing dated August 30, the SEC expressed concerns about the legality of these repayments…
Key Takeaways Indian cryptocurrency exchange WazirX has raised concerns about external interference that it claims is hindering its recovery process after the $234 Million exploit. The exchange’s criticism came in the wake of its announcement of a comprehensive restructuring plan…
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