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Tag: Crypto

Trump hosts crypto summit, unveils plan for US Bitcoin reserve
News

Trump hosts crypto summit, unveils plan for US Bitcoin reserve

United States President Donald Trump welcomed cryptocurrency industry leaders to the White House over the weekend for a first-of-its-kind summit, where he outlined his vision for a government-held stockpile of digital assets. The event brought together top officials, lawmakers, and industry figures, including MicroStrategy CEO Michael Saylor, Coinbase co-founder Brian Armstrong, investors Cameron and Tyler […]

Crypto heists hit $2.2bn in 2024 - Report
News

Crypto heists hit $2.2bn in 2024 – Report

Funds stolen through cryptocurrency platform hacks soared by 21% in 2024, reaching $2.2 billion, according to a report released Thursday by blockchain analysis firm Chainalysis. This marks the fourth consecutive year in which thefts have exceeded $1 billion, with the number of incidents rising to 303 from 282 in 2023. The increase comes amid a […]

Crypto Market sheds $130bn amid Trump tariff
News

Australia fines crypto operator Kraken $5.1m for unlawful credit facility

Australia’s Federal Court has ordered Bit Trade, the local operator of cryptocurrency exchange Kraken, to pay an A$8 million ($5.1 million) fine for unlawfully offering a credit facility to more than 1,100 customers, the Australian Securities and Investments Commission announced on Thursday. The penalty follows civil proceedings initiated by ASIC last year, alleging Bit Trade’s […]

Tether mints $3bn USDT in 24hrs
News

Tether mints $3bn USDT in 24hrs

The world’s largest stablecoin by market share, Tether, has minted approximately $3 billion USDT in just 24 hours, further solidifying its dominance in the stablecoin market. This move puts Tether ahead of competitors like Circle’s USDC and PayPal’s PYUSD. According to the on-chain analytics platform Lookonchain, Tether has been consistently minting $3 billion worth of […]

News

Coinbase to delist certain stablecoins ahead of regulatory changes

Coinbase announced on Friday that it will delist specific stablecoins in the European Economic Area by the end of this year, as the cryptocurrency exchange prepares for stricter regulations in the region. The European Union’s comprehensive regulatory framework, known as the Markets in Crypto-Assets regulation, which was introduced earlier this year, is set to take […]

Crypto heists hit $2.2bn in 2024 - Report
News

Crypto hacks result in over $120m in losses in September

In September 2024, cryptocurrency hacks led to losses exceeding $120 million across various platforms, with major incidents occurring at BingX, Penpie, and Indodax. According to Blockchain analytics firm Peckshield Alerts, the month saw over 20 hacks, a decline of 61.76% in losses compared to August. Peckshield reported that the largest loss was suffered by Singapore-based […]

Crypto heists hit $2.2bn in 2024 - Report
News

US election: Crypto market tumbles as Trump’s odds of winning decrease

Cryptocurrency stocks in the U.S. saw declines in early trading on Wednesday following a contentious presidential debate where Democratic contender Kamala Harris challenged her Republican rival, Donald Trump, who is known for his pro-crypto stance. Trump, who has championed Bitcoin and positioned himself as a friend to the crypto industry, had previously criticized the current […]

Cryptocurrency Tether to launch stablecoin pegged to UAE dirham
News

Cryptocurrency Tether to launch stablecoin pegged to UAE dirham

Cryptocurrency firm Tether announced on Wednesday its plans to introduce a new stablecoin pegged to the United Arab Emirates dirham. This move aims to capitalize on growing interest in the Gulf currency and to provide an alternative to the U.S. dollar. Stablecoins are digital tokens designed to maintain a stable value by being backed by […]

Crypto heists hit $2.2bn in 2024 - Report
News

Bitcoin falls below $60,000 amid $177m market liquidations

Over the weekend and into Monday morning, Bitcoin, the leading cryptocurrency, dipped below the $60,000 mark, trading at $59,804 as bearish sentiment took hold. This decline contributed to a broader downturn in the crypto market, which saw $177 million lost to liquidations. The overall cryptocurrency market capitalization fell by 3.0%, settling at $2.17 trillion as […]

Kamala Harris surpasses Donald Trump in Polymarket predictions
News

Kamala Harris surpasses Donald Trump in Polymarket predictions

The Democratic party’s nominee for the upcoming U.S. elections, Kamala Harris, has overtaken former President Donald Trump on Polymarket, the leading crypto-based prediction platform. Harris’s odds of winning the November election have climbed to 52%, while Trump’s odds have fallen to 46%, down from 70% in mid-July. This shift follows a series of online polls […]

Crypto market hits $3.5trn, altcoins shine in bull run
News

Crypto startups secure $2.7bn in Q2 2024 despite decline in deals

In the second quarter of 2024, cryptocurrency startups raised $2.7 billion in venture capital funding, according to a report released by Pitchbook on August 9. This amount marks a slight increase over the $2.6 billion secured in the first quarter, despite a 12.5% decrease in the number of deals completed. The Pitchbook report, which provides […]

Crypto betting platform Polymarket hits $1bn in trading volume
News

Crypto betting platform Polymarket hits $1bn in trading volume

Crypto-betting platform Polymarket has surpassed $1 billion in total trading volume, with a notable one-third of this volume generated in just the past 30 days. Polymarket saw a dramatic rise in betting activity, reaching $343 million in July, up from $111 million in June and $63 million in May, according to Dune Analytics. This surge […]