News
Poly Network urges users to withdraw after exploit affects 57 crypto assets
The Poly Network has been exploited again, this time due to compromised private keys according to blockchain security firm Dedaub. Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker...
Why is Litecoin price up today?
Litecoin price is up today as traders continue to remain bullish about the upcoming halving event. Litecoin (LTC) price is up today, outperforming the broader crypto market as traders continue to stay bullish about its block reward halving event in August.Litecoin...
Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla
Coffezilla asserted that the refund process should be quite easy to sort while the financial implications aren't an issue for someone as wealthy as Logan Paul. Investors in Logan Paul’s troubled NFT gaming project CryptoZoo are reportedly still waiting for any...
Federal Reserve’s banking bailouts reach a new weekly high of $103B
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout. The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months...
Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’
Securities and Exchange Commissioner Hester Peirce discussed a possible United States crypto legal framework, giving a reminder that not all uses are financial. Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though...
Sui Foundation denies it sold locked staking rewards on Binance
Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance. Sui Foundation — the team behind the Sui network and its native SUI token — has denied allegations that the firm unlocked SUI staking rewards and “dumped” them on cryptocurrency...
$27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO
The top eight financial institutions with an interest in Bitcoin and crypto have a whopping $27 trillion in combined assets under management. There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to...
Bitcoin ETF fever returns: ‘Biggest’ inflow to ProShares’ BITO in a year
ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures. Bitcoin (BTC) exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows...
$794K SIM swap hacker PlugwalkJoe sentenced to five years in prison
The hacker managed to steal $794,000 worth of crypto from an exchange via a SIM swap attack on an exec, but ultimately he didn’t cover his tracks well. British Hacker Joseph O’Connor, also known online as PlugwalkJoe, has been sentenced to five years in U.S. prison...
Celsius creditors allege Wintermute facilitated ‘wash trading’: Report
It was alleged that Celsius executives purportedly involved Wintermute to facilitate "wash trading" in an effort to “fraudulently" manipulate trading volumes on the Celsius platform. Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that...