The South Korean karaoke blockchain platform Somesing lost access to 730 million SSX tokens worth $11.58 million due to a hack.

Crypto karaoke platform hacked for over $11.5m

According to a blog post by Somesing, the hack occurred on Jan. 27. Among the stolen SSX tokens, 504 million were still unallocated tokens that were initially scheduled to go into circ...

7 months ago

Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

The Hong Kong subsidiary of Chinese asset management firm, Harvest Fund Management, applied for a spot Bitcoin ETF on Jan. 26. This marks the first submission of its kin...

7 months ago

A total of 18 senators now fall into the pro-crypto camp, according to analysis from Coinbase advocacy group Stand with Crypto.

18 US senators now ‘stand with crypto’ — Coinbase lobby group

At least 18 senators in the United States support crypto, according to recent data from Coinbase’s nonprofit advocacy organization Stand with Crypto.  Stand With Crypto ...

7 months ago

Some community members criticized Warden, saying she qualifies as an intern for the U.S. Securities and Exchange Commission.

Algorand CEO’s hacked account dances into pole position

The Algorand Foundation announced on X (formerly Twitter) that its CEO Staci Warden’s X account was compromised and asked its community to refrain from clicking links or responding to dire...

7 months ago

Singapore-based crypto asset management firm Matrixport says Q1 will be a challenging quarter for Bitcoin, although anticipates a positive outlook by the end of 2024.

Matrixport predicts challenging Q1 for Bitcoin as GBTC investors keep capitalizing

As Bitcoin (BTC) fell back to the $39,000 area, the largest cryptocurrency by market capitalization is likely to face a challenging quarter ahead, according to a recent report from Mat...

7 months ago

Swan’s New Mining Operation

Swan Bitcoin Expands into Mining, Plans Public Listing

Swan Bitcoin, a firm specializing in Bitcoin-focused financial services, has recently launched its bitcoin mining unit named Swan Mining. According to Swan Bitcoin’s re...

7 months ago

Residents of China have begun actively converting their savings into cryptocurrencies, using creative ways to own Bitcoin (BTC) and other crypto assets prohibited in the country.

Chinese rush to invest into banned Bitcoin amid economic downturn

According to Reuters, although cryptocurrency is banned in mainland China and there are strict controls on the movement of capital across borders, people can still trade tokens such as Bitc...

7 months ago

More Delays Expected in Spot Ethereum ETF Decision

SEC Postpones Decision on BlackRock’s Spot Ethereum ETF to March

The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March. According to the SEC’s&nb...

7 months ago

Trezor Says it Has Deactivated the Malicious Link

Trezor Confirms Unauthorized Use of Email Provider Led to Malicious Emails

Hardware wallet provider Trezor has confirmed that the unauthorized use of its third-party email provider led to a spate of malicious emails sent to users over the past 12 hours. In a&...

7 months ago

The company said that its initial target for the funding round was $35 million.

Swiss Crypto Bank Sygnum Inches Closer to 'Unicorn' Status With $40M Raise

Sygnum, a crypto banking group based in Switzerland, closed a $40 million round, which valued the firm at $900 million. “Closing a successful funding round in this macro environm...

7 months ago