Key Takeaways Yield farming protocol Mozaic Finance experienced a significant setback on March 15 when it fell victim to a sophisticated cyberattack on the Arbitrum network, a layer 2 scaling solution for Ethereum. The attack resulted in a substantial loss…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a $300 million Ponzi scheme. This scheme targeted primarily Latino investors across the U.S. and two other countries. Operating out of…
Key Takeaways South Africa’s Financial Sector Conduct Authority (FSCA) has given the green light to 59 license applications from cryptocurrency platforms, marking a significant step in regulating digital assets in the country. Since the introduction of its new framework last…
Key Takeaways Bakkt, the crypto custody and trading platform, is facing a potential delisting from the New York Stock Exchange (NYSE) due to its share prices dipping below $1. The NYSE issued a warning to Bakkt after its average closing…
Key Takeaways On Tuesday, March 12, Roman Sterlingov, the founder of Bitcoin Fog, a major crypto-mixing service, faced a United States District Court trial and was convicted of money laundering. ] Throughout the trial, Sterlingov maintained that he was merely…
Key Takeaways Coinbase Global Inc. unveiled its plan to issue $1 billion in convertible senior notes aimed at repaying existing debt and funding general corporate activities, according to a statement released on Tuesday. The notes, set to mature in 2030,…
Key Takeaways BlackRock’s spot Bitcoin exchange-traded fund (ETF) has achieved a remarkable feat, surpassing MicroStrategy’s holdings of the cryptocurrency. The ETF, known as IBIT, has crossed the $10 billion mark in assets under management (AUM), indicating its growing dominance in…
Key Takeaways The Arbitrum DAO has recently retracted a proposal that aimed to allocate funds for the legal defense of Tornado Cash’s developers. The proposal put forth by Arbitrum contributor Joseph Axisa sought to allocate nearly $1.3 million worth of…
Key Takeaways Cryptocurrency-related investment fraud has emerged as a significant concern within the United States, according to a report by the Federal Bureau of Investigation (FBI). In 2023, losses from crypto investment scams surged to $3.94 billion, marking a notable…
Key Takeaways Wyoming Governor Mark Gordon has signed a groundbreaking bill into law, laying the groundwork for the establishment and management of decentralized autonomous organizations (DAOs). This move marks a significant step forward in the state’s embrace of blockchain technology.…
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