Breaking: US Department of Justice Considering Fraud Charges Against Binance Crypto Exchange

The US Department of Justice (DoJ) is mulling whether to press fraud charges against Binance, as per a Semafor report. However, as per the report, the DoJ is worried that if it in...

1 year ago

The United States tax collector will require taxpayers to count staking rewards as gross income at the time they gain “dominion" over the tokens.

Crypto staking rewards are taxable once received: IRS

United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority. On ...

1 year ago

Bitcoin futures institutional interest continued to increase throughout the quarter as investors sought regulated venues/products to hedge rising market volatility and manage risk and exposure, CME said.

Bitcoin, Ether CME Futures Saw Record Participation From Large Traders in Q2

Derivatives giant Chicago Mercantile Exchange's (CME) regulated bitcoin (BTC) and ether (ETH) futures saw record participation from large traders in the second quarter. The number ...

1 year ago

Namibia's virtual assets bill became an act and was put into law on Friday according to the Gazette of the Republic of Namibia.

Namibia's Crypto Assets Bill Is Now a Law

Namibia's government is set to designate a regulatory authority to oversee the virtual asset industry after moving its virtual assets bill into law Friday. The Namibia Virtual Asse...

1 year ago

The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks.

Crypto Catalysts: Rate Hike Looms as FOMC Begins Latest Monetary Policy Deliberations

For 16 months, the U.S. Federal Reserve has been long on inflation anxiety and short on interest rate surprises. On Tuesday, the central bank’s Federal Open Market Committee (FOM...

1 year ago

Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets regulation

EU Securities Agency Issues First Batch of Detailed Crypto Rules Under MiCA Law

The European Securities and Markets Authority (ESMA) issued a set of detailed proposals on how crypto companies within the European Union should be authorized, the first use of new powers&n...

1 year ago

A hacker posted false information about an airdrop after compromising the Twitter accounts of Aptos Network and its CEO

Multichain Fantom Bridge Exploited and Drained of $126M, Aptos Twitter Account Hacked

Bad actors hacked the Twitter accounts of Aptos Network and its CEO Mo Shaikh on July 7, posting information about a fraudulent airdrop. The attacker posted a typical phishing post, providing a ...

1 year ago

OpenAI found a bug in its Browse plugin that inadvertently allowed users to read paywalled articles in some cases.

OpenAI pauses ChatGPT’s Bing feature, as users were jumping paywalls

ChatGPT’s Browse, a Bing-based search engine feature, has been temporarily disabled by OpenAI after a loophole enabled users to bypass paywalled content. In a July 4 tweet, OpenA...

1 year ago

Several blockchain security firms have estimated that the protocol lost over $5 million in crypto assets.

Poly network services ‘remain suspended’ after another major hack

DeFi security expert Arhat stated that a smart contract vulnerability on the Poly Network cross-chain bridge caused the attack. Arhat explained that the hacker created a mali...

1 year ago

PeckShield reports that $2.27 million of NFTs were stolen in June, recording the lowest monthly figure for stolen NFTs in 2023.

Half of stolen NFTs are sold within 3 hours: PeckShield

A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea....

1 year ago