Category: crypto

Indian crypto exchange WazirX has frozen $3 million in USDT to recover funds stolen in a $230 million hack in July 2024. The platform is determined to safeguard user funds and rebuild trust. Industry support includes CoinDCX’s interest in acquiring WazirX and CoinSwitch’s $70 million recovery program to help affected users.

Multichain Capital introduced a proposal to adjust Solana’s native crypto emission dynamically using a market-driven mechanism called “Smart Emissions.” This aims to reduce inflation, spur DeFi adoption, and address market perception and risks. The proposal emphasizes using market mechanisms to determine emissions and rejects simpler solutions or directly tying emissions to MEV revenues.

Wintermute, a crypto trading firm and market maker, saw a 240% yearly growth in traditional finance firms’ activity on its OTC trading desk. Traditional financial institutions played a key role in reshaping OTC trading in 2024, driven by improved regulatory clarity and evolving policy frameworks. The surge in trading volumes from institutional players was driven…

The US SEC fined Digital Currency Group (DCG) $38 million for misleading investors about financial health following a borrower’s default. DCG’s former CEO was fined $500,000 for approving misleading statements. The SEC ordered DCG to comply with a cease-and-desist order to prevent future violations of securities laws.

Lawmakers in Wyoming and Massachusetts have introduced bills to allow state investments in Bitcoin, bringing the total number of US states with such proposals to eight. Wyoming’s bill would allocate up to 3% of public funds to Bitcoin investments, while Massachusetts would allow up to 10% of annual deposits in Bitcoin or other digital assets.…

Crypto.com has received an in-principle approval for a MiCA license, making it the first major global crypto exchange to achieve this milestone. The license will allow the company to offer its services across all EU member states under a unified regulatory framework. The EU aims to set the global standard for crypto regulation with MiCA.

A US legal firm has filed a class action lawsuit against Pump.fun, alleging financial losses for investors who traded the PNUT token. The lawsuit claims Pump.fun breached securities regulations by failing to register with the SEC and neglecting investor safeguards. Legal experts believe the case outcome could hinge on the platform’s classification as an issuer…

Ethereum developers are preparing for the Pectra upgrade in March 2025, with key milestones outlined during a recent meeting. The upgrade will be split into two phases, promising enhancements to improve efficiency and usability. The timeline is flexible, with potential delays due to unexpected issues during testing.

Fred Thiel is the Chairman and CEO of Marathon Digital Holdings, a company that mines cryptocurrencies and focuses on the blockchain ecosystem. They aim to generate digital assets.

Coinbase’s Ethereum layer-2 network, Base, has ambitious goals for 2025 including securing $100 billion in assets, onboarding 25,000 developers, attracting 25 million users, and processing 1 billion transactions. It aims to increase blockspace capacity to 250 million gas units per second and position itself as a leader in the blockchain space.