Category: crypto

KuCoin obtains a MiCA license in Austria, allowing the exchange to provide regulated crypto services in 29 EEA states. This aligns with KuCoin’s Trust Project and other security measures. The license enables KuCoin to operate under EU regulatory standards and passport its services across the EEA, similar to major exchanges like Coinbase and Kraken.

Elon Musk envisions a future where traditional money becomes obsolete due to advancements in AI and robotics, with energy as the core value. He suggests that systems like Bitcoin, which are backed by energy, could persist. Musk highlights the importance of energy as a fundamental currency, linking digital value to real-world resources.

Yearn Finance experienced a security breach after an attacker exploited its yETH token contract, draining millions in ETH and liquid staking assets from Balancer pools. The attacker minted an unlimited supply of tokens, resulting in a $2.8 million loss. Yearn confirmed the issue is isolated from its V2 and V3 Vaults.

South Korea is finalizing a new digital asset act by January, with ruling and opposition parties agreeing on a bank-led consortium model for issuing KRW stablecoins. The legislation aims to tighten financial security rules, expand AML oversight, and support capital market transparency. The government faces a Dec. 10 deadline to submit the proposal.

North Korea has been developing AI capabilities for nearly 30 years to accelerate crypto theft operations, using banned GPUs for research. The country’s AI research focuses on facial recognition, voice synthesis, and data optimization. The report warns that AI automation could lead to industrial-scale crypto theft, with potential real-time surveillance systems.

Upbit will resume digital asset deposits and withdrawals on December 1 at 1:00 PM KST after a $37 million hack targeting Solana-based assets. All existing deposit addresses have been deleted, and users must issue new addresses before depositing funds. The exchange covers all user losses from corporate reserves and warns of potential delays if old…

BitMEX co-founder Arthur Hayes warned that Tether’s risky interest rate trade could threaten USDT solvency if markets move against the stablecoin issuer. Tether holds $9.86 billion in Bitcoin and $12.92 billion in precious metals, with a 30% drop in these holdings potentially erasing its equity cushion. Tether also shut down its mining operations in Uruguay.

Solana spot ETFs saw a net inflow of $5.37 million on November 28, breaking a 21-day losing streak. Despite the increase in ETF inflows, Solana’s price remained below $140. Cumulative ETF inflows reached $618.59 million. Grayscale and Fidelity led the inflows, while Bitwise, VanEck, and Canary had no activity.

Arthur Hayes maintains his prediction of Bitcoin reaching $250,000 by the end of the year and believes the recent dip to $80,600 was the market bottom. He explains that ETF flows were not true institutional demand but basis trades unwinding, and improved dollar liquidity supports his bullish outlook. Hayes also expects bank lending to drive…

Biometric security is being increasingly adopted by crypto platforms to combat digital threats. Technologies like eKYC, Face2Face, and liveness tests are used to verify users remotely and prevent fraud. Trust Stamp is seeking approval for a biometrically secured crypto wallet. Hardware wallets also provide high-level security for storing private keys offline. Both biometric and hardware…