Key Takeaways Leading crypto lending platform, XT Exchange, recently reported a security breach that resulted in $1.7 million in digital assets getting drained. As per blockchain security firm PeckShield, the stolen funds were swiftly converted into 461.58 Ethereum, valued at…
Key Takeaways Bankrupt crypto exchange, Celsius Network has announced a second distribution of $127 million to eligible creditors. As per a recent court filing, the payout will cover creditors across various classes, including retail depositors, users of the “Earn” program,…
Key Takeaways A new bill introduced in Brazil’s Congress on November 25 by Congressman Eros Biondini seeks to establish a Sovereign Strategic Bitcoin Reserve, referred to as RESBit. The proposal aims to integrate Bitcoin into Brazil’s national financial reserves, potentially…
Key Takeaways On November 26, the U.S. Fifth Circuit Court of Appeals ruled that the U.S. Treasury Department had overstepped its legal authority by sanctioning Tornado Cash’s immutable smart contracts. The case centers around Tornado Cash, a decentralized privacy protocol…
Key Takeaways On November 25, Chief U.S. District Judge Kristine Baker issued a temporary restraining order (TRO) blocking the enforcement of two Arkansas laws targeting foreign ownership of digital asset mining operations and property. The laws, Act 636 of 2023…
Key Takeaways Oracle Corporation has filed a lawsuit against Crypto Oracle LLC and its founder, Louis Kerner, alleging trademark infringement and violations of a prior settlement agreement. Filed in a California federal court on November 25, the case accuses Crypto…
Key Takeaways Crypto ownership in the UK has grown to 12% of the adult population, up from 10% last year, as per new research from the Financial Conduct Authority (FCA). Awareness of cryptocurrencies also reached 93% of UK adults, reflecting…
Key Takeaways Schuman Financial, a newly established cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has introduced a euro-backed stablecoin named EURØP. The launch comes as Europe prepares for the full enforcement of the Markets in…
Key Takeaways Morocco is making strides toward formal cryptocurrency regulation as its central bank, Bank Al Maghrib (BAM), develops a draft law to oversee digital assets. During a recent conference in Rabat, Abdellatif Jouahri, the bank’s governor, shared that the…
Key Takeaways The Reserve Bank of India (RBI) is advancing its cross-border payments initiative by incorporating central bank digital currencies (CBDCs) for settlements. As per the report, the move aims to enhance the speed and efficiency of international transactions while…
