Category: crypto

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.

A recent report by Galaxy highlighted that decentralized applications had nearly double the amount in outstanding loans compared to Tether and two other companies in the crypto lending market at the end of 2024. The market size, excluding collateralized debt position stablecoins, was around $30 billion, but increased to $36.5 billion when including CDP stablecoins.…

Researchers found a malicious software package on npm that alters crypto wallets to reroute transactions. The malware injected code into Atomic and Exodus wallets, redirecting funds to attackers. This tactic of patching local installations of trusted software is becoming more common to avoid detection. Security experts recommend stricter code auditing and monitoring.

Kraken is expanding into traditional finance by offering access to over 11,000 US-listed stocks and ETFs through Kraken Securities LLC. The service is currently available in ten US jurisdictions and aims to expand to more states and global markets in the future. This move aligns with Kraken’s vision of merging traditional and digital finance, making…

Despite recent volatility in the crypto market, the Executive R0AR Society NFT collection on OpenSea has seen a surge in interest. The collection, consisting of 10,000 Ethereum-based NFTs, is part of the R0AR DeFi ecosystem and has utility features such as staking and yield farming. Crypto airdrops are driving momentum, with anticipation of future rewards…

Canada is set to launch the world’s first spot Solana (SOL) exchange-traded funds (ETFs) on April 16, approved by the Ontario Securities Commission. These ETFs will hold SOL tokens directly, offering real-time price exposure to the asset and participating in Solana staking for additional rewards. This move solidifies Canada’s position as a leader in crypto…