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Senator Cynthia Lummis has raised concerns regarding the Securities and Exchange Commission's (SEC) regulatory approach towards cryptocurrency businesses associated with former President Donald Trump. She specifically questioned why these Trump-linked ventures appear to receive different treatment compared to other crypto firms. Lummis emphasized the need for transparency and
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The U.S. Department of Justice has charged a hacker linked to the $53 million exploit of Uranium Finance, a decentralized finance platform. The individual, identified as 22-year-old Alexey Pertsev, allegedly manipulated the platform's smart contracts to siphon off funds. The charges include wire fraud and money laundering,
China
Crypto investment firm Keyrock has achieved a valuation of $1.1 billion following a Series C funding round led by SC Ventures. The round raised $65 million, with participation from existing investors and new backers. Keyrock plans to use the funds to expand its market-making services and enhance its technology
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A new U.S. rule aims to allow cryptocurrency investments within retirement accounts, potentially opening up an $8 trillion market. The rule, proposed by the Department of Labor, seeks to provide clearer guidelines for retirement plan fiduciaries regarding the inclusion of digital assets. This move is expected to enhance access
China
Hashdex has expanded its diversified crypto exchange-traded fund (ETF) by introducing options for hedging and income generation. The new features allow investors to manage risk more effectively while also seeking potential income through options strategies. This move aims to enhance the ETF's appeal to a broader range of
China
David Bailey's Nakamoto has sold approximately 5% of its bitcoin holdings, offloading 284 BTC. This sale comes amid fluctuating market conditions and reflects the company's strategy to manage its cryptocurrency assets. The decision to sell a portion of their holdings may indicate a shift in investment
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Democratic lawmakers are urging the Commodity Futures Trading Commission (CFTC) and an ethics watchdog to investigate potential insider trading in prediction markets, particularly focusing on platforms like Kalshi. They are concerned that individuals with non-public information could exploit these markets, undermining their integrity. The lawmakers emphasize the need for clear
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Satoshi Nakamoto has sold $20 million worth of Bitcoin, marking a significant move in the cryptocurrency market. In addition to the Bitcoin sale, Nakamoto has reduced their stake in Metaplanet, a venture capital firm focused on blockchain technology. This decision has raised eyebrows among investors and analysts, as Nakamoto is
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F2Pool co-founder Wang Chun revealed that a condominium in Thailand, purchased for 2,900 Bitcoin, was sold for just 7 Bitcoin. This significant loss highlights the drastic decline in Bitcoin's value over time. The condo's original purchase price, when Bitcoin was at its peak, underscores the
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Senator Cynthia Lummis has raised concerns regarding the Securities and Exchange Commission's (SEC) regulatory approach towards cryptocurrency businesses associated with former President Donald Trump. She questioned whether the SEC is applying inconsistent standards in its oversight of these firms compared to others in the crypto industry. Lummis emphasized
News
The U.S. Department of Justice has charged a hacker for their involvement in the $53 million exploit of Uranium Finance, a decentralized finance platform. The individual, identified as a 27-year-old from Canada, allegedly manipulated the platform's smart contracts to siphon off funds. The charges include wire fraud
News
A new U.S. rule aims to allow cryptocurrency investments within retirement accounts, potentially opening up an $8 trillion market. The proposal, introduced by the Department of Labor, seeks to provide clearer guidelines for retirement plan fiduciaries on including digital assets in investment options. This move is seen as a