Category: crypto

Noones, a peer-to-peer crypto marketplace, experienced a security breach resulting in $8 million in losses. The exploit occurred between Jan. 1 and Jan. 2, with questionable transactions on hot wallets totaling $7.9 million across Ethereum, TRON, Solana, and Binance Smart Chain. Funds were funneled through Tornado Cash. CEO confirmed the breach, attributed it to a…

Ethereum co-founder Vitalik Buterin warned about the dangers of “politician coins,” describing them as a perfect bribery vehicle that could undermine democratic systems. He explained how these digital tokens could allow politicians to gain financial benefits indirectly, bypassing traditional donation regulations. Buterin called for caution in applying blockchain-based innovations to governance and proposed decentralized structures…

ECB board member Piero Cipollone stated that the ECB needs to speed up the launch of a digital euro in response to Trump’s move to promote dollar-backed stablecoins globally. Trump’s executive order aims to boost stablecoin growth, posing a threat to traditional banking. The ECB plans to cap digital euro holdings to protect banks.

The US SEC introduced Staff Accounting Bulletin (SAB) 122 to replace the criticized SAB 121, easing regulatory challenges in the crypto custody sector. SAB 121 required firms to classify assets as liabilities, hindering market entry. The new policy, under President Trump and SEC Chair Uyeda, aligns with standard practices and promotes a supportive regulatory environment.

Vitalik Buterin outlined proposals for Ethereum’s scaling, focusing on data throughput and proof systems to address network demands. He emphasized the need for a coordinated roadmap, interoperability, and economic incentives to reinforce ETH as a triple-point asset. Buterin called for collaboration to ensure Ethereum’s continued success and evolution.

Senator Elizabeth Warren is advocating for responsible government spending and stricter crypto regulations. She outlined strategies to save $2 trillion in federal spending, focusing on closing tax loopholes and fully funding the IRS. Warren also raised concerns over Trump-themed meme tokens, warning of potential foreign influence and ethical dilemmas.

HK Asia Holdings experienced a surge in stock value due to UTXO and Sora Ventures acquisitions, leading to a rebrand as Moon Inc. The company is now focused on Bitcoin and Web3 technologies, resulting in a significant increase in investments.

CryptoSlate’s report analyzes the performance of spot Bitcoin ETFs in their first year, including trends, capital flows, and impact on the crypto market. Over 1,100,000 BTC was traded exclusively through these ETFs.

The Singapore High Court has approved Zettai Pte Ltd’s request to hold a meeting with creditors of WazirX crypto exchange to present a restructuring proposal. The court also granted a 16-week moratorium to shield Zettai from legal actions. The proposal aims to distribute assets, resume operations, and rebuild the platform. Analysts view this as a…

Morgan Stanley CEO Ted Pick is exploring offering crypto services in the US, aiming to engage with regulators once the review is complete. He emphasized the importance of understanding how to navigate as a highly regulated financial institution. E-Trade, Morgan Stanley’s crypto subsidiary, is reportedly preparing to launch spot crypto trading services.