In a January 22 report, the prominent liquidity manager Concentric was hit by a security breach resulting in a loss of substantial amounts. Updating the X community the Concentric regretted that the hackers deployed a social engineering attack to gain unauthorized access…
The Ethereum network has undergone several upgrades, and there are more to come in 2024, one of which is the Dencun Upgrade which CoinShares Ethereum research associate Luke Nolan said could affect Ether supply. The upgrade will make it possible to send…
The financial regulator in the UK, the Financial Conduct Authority (FCA) is hurting crypto firms in the country, Bittrex Global CEO Oliver Linch says. Speaking in an interview with The Block, the CEO who is also a lawyer said the stringent rules…
In a heated on-air conversation, the game developers revisited the 2023 turn of events in the gaming industry. The dialogue was hosted by leading game media outlets, Game Developer and Game Developer Conference (GDC), to discuss the development in the vibrant gaming…
A finance firm in Hong Kong, Venture Smart Financial Holdings Limited (VSFG) has set its eyes on launching a spot Bitcoin exchange-traded fund (ETF) in Q1 of 2024. A report by Bloomberg shows the firm is targeting $500 million in assets under…
A U.S treasury official, Graham Steele has warned that policy makers in the country need to regulate crypto before the next financial crisis. Steele, who is the Treasury’s Assistant Secretary for Financial Institutions spoke on Thursday, at an event hosted by George…
The use of crypto in illicit activities has become the center of discussion among the global regulators. Despite the efforts to create a crypto-friendly environment in the European Union, the regulators expressed concerns about the rise of crypto crimes. This forced the…
Two weeks after approval of Bitcoin ETFs in the U.S, Bitcoin has grown to become the second largest commodity ETF in the U.S. The top digital asset beat silver to claim this position in terms of assets under management. The U.S securities…
In a recent report, the Animoca Brands subsidiary Anichess partnered with Chess.com and Magnus Carlsen to develop a unique free-to-play game. The partnership aims to integrate chess features into games to offer players a professional gaming experience. A review of the development…
In an advanced report, the French regulators approved a virtual assets service provider (VASP) license for the New York-based crypto exchange Gemini. The approval of Gemini’s VASP legally allows the crypto exchange to offer various crypto products and services. Addressing CNBC, the…
With the ongoing development in the digital sector, women have stepped up to venture into crypto investments. The increased participation of women in crypto investment portrayed that female entrepreneurs are optimistic about the future of digital assets. Following the rise of women…
Two senators, Ron Wyden, D-Ore. and Cynthia Lummis, R-Wyo have demanded an investigation into the hack incident that affected the securities and exchange commission (SEC)’s official Twitter handle. The two senators have asked SEC Inspector General Deborah J. Jeffrey to open an…
The securities and exchange commission (SEC) approved 11 spot Bitcoin ETFs last week, marking a historic milestone in the crypto industry. This was followed by a lot of optimism on the overall growth of the industry. There has even been optimism that…
On Tuesday, the leading crypto exchange in Seychelles, OKX, secured the virtual asset service provider (VASP) license from the Virtual Assets Regulatory Authority (VARA). The approval of the VASP license demonstrated OKX’s commitment to operate compliant in Dubai. In the January 16…
As the artificial intelligence craze persists,global regulators have expressed concerns about the implications of AI for the financial sector. In an official publication, the US Financial Services Committee (FSC) formed a task force to examine the impact of AI on the financial…
On Friday, January 12, the famous Web3 lending application Wise Lending was hit by a cyber attack that resulted in the loss of a substantial amount of funds. In a blog post, Wise Lending regretted that the hackers launched a malicious attack…
The U.S securities and exchange commission (SEC) has approved 11 spot Bitcoin ETFs, which is a great milestone. According to Animoca Brands co-founder Yat Siu, this could impact Asia on a greater level. While the ETFs are supposed to drive more participation…
Wednesday 10 January 2024 was a major landmark in the history of crypto, as the securities and exchange commission (SEC) approved 11 spot Bitcoin ETFs after years of futile applications. However, the commission’s chairman Gary Gensler still remains skeptical about Bitcoin, the…
The long-awaited day when the securities and exchange commission (SEC) will approve spot Bitcoin ETFs has arrived and just as expected, the agency has approved 11 spot Bitcoin ETFs. The SEC in a message on its official blog announced the approval on…
On January 9, the crypto community condemned the US Securities and Exchange Commission (SEC) for misleading the investors after the hackers exploited their X account. In the tweet, the hackers claimed that the SEC had approved the Bitcoin ETFs. The tweet created…
