Category: crypto

Tether has invested in Fizen Limited to support stablecoin adoption and self-custody solutions. The undisclosed deal aligns with Tether’s goal of promoting financial inclusion through blockchain technology. The investment will help Fizen improve stablecoin interoperability and create user-friendly platforms for storing and transacting with stablecoins.

A compromised admin account in ZKsync’s airdrop contracts minted $5 million worth of ZK tokens, stealing unclaimed tokens. The attacker issued 111 million ZK tokens, equivalent to 0.45% of the total supply. Recovery efforts are underway, and the team is seeking the attacker’s cooperation to return the funds. ZK token’s value has dropped by 90%…

Over 2,000 merchants in Argentina will be using Tether’s USDT on the TRON network for secure and subsidized payments, promoting financial inclusion. The initiative aims to expand access to financial services in the country. Image via CryptoSlate, containing potentially AI-generated content.

OpenAI has released GPT-4.1, GPT-4.1 mini, and GPT-4.1 nano to its API suite, replacing GPT-4.5 Preview. The new models offer improved code generation, instruction following, and long-context processing capabilities, with the ability to handle up to one million tokens. Developers are encouraged to transition to GPT-4.1 for enhanced performance and efficiency.

Most of the crypto industry is struggling to meet the compliance requirements of the MiCA framework 100 days after it took effect. Only 11 stablecoin issuers and 15 crypto-asset service providers have received authorization, causing companies to accelerate their licensing efforts. Italy’s CONSOB has added 15 non-compliant entities to its list.

On April 15, an outage at Amazon Web Services (AWS) disrupted major crypto platforms, causing concerns about industry dependence on centralized infrastructure. Binance temporarily suspended withdrawals due to connectivity issues but later resumed services. KuCoin also reported disruptions but assured users their funds were safe. The outage sparked conversations about the need for decentralized systems.

South Korea’s FIU has targeted offshore crypto exchanges without regulatory approval, asking Apple to restrict access to 14 unregistered digital asset platform apps. Major exchanges like KuCoin and Poloniex are on the list. This follows a similar action against unregistered crypto apps on Google Play. Non-compliant exchanges may face legal consequences. The crackdown aims to…

Senator Joe Gruters of Florida aims to lead the nation in integrating Bitcoin into state financial reserves. Bill S0550 permits up to 10% of assets from key funds to be allocated to Bitcoin. Gruters sees this move as part of a broader economic policy centered on inflation protection and fiscal autonomy. He believes Florida’s policy…

Tether has announced plans to deploy Bitcoin mining hashrate on OCEAN Mining in Africa as part of its strategy. The move aims to support decentralized mining and expand access to Bitcoin tools in underserved regions. The integration of DATUM Gateway will enhance mining operations globally, ensuring block competitiveness.

The US SEC has delayed decisions on proposed amendments related to crypto ETFs, extending review periods for staking and in-kind redemption models until June 2025. The SEC postponed decisions on Grayscale’s ETH staking filing and VanEck’s in-kind redemption filings for Bitcoin and Ether ETFs. The new deadlines allow for further evaluation.