Category: crypto

The Central Bank of Brazil has proposed regulations that would prohibit centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. The move aims to adapt the financial system to digital assets while safeguarding international capital flows. The proposed rules also aim to enhance legal certainty for businesses and individuals in the crypto industry.…

Solana-based memecoin launchpad Pump.Fun saw a 33% drop in revenue after disabling its live-streaming feature. Controversies, including a rug pull and a fake suicide during a live stream, led to backlash. The platform, with $230 million in revenue since January, faces lasting effects amid concerns over risks in the memecoin market.

In November 2024, the crypto industry saw $71 million in losses across 26 incidents, a significant improvement from the previous year. DeFi platforms were the primary target, accounting for all reported cases. Centralized exchanges accounted for almost 50% of total losses in 2024, with vulnerabilities in hot wallets being a major issue.

CryptoSlate Alpha is a web3 membership that provides cutting-edge insights and knowledge powered by Access Protocol. To access paywalled content, users must lock a minimum of 20,000 ACS tokens. Users can connect via Access Protocol and must accept the terms and conditions of their third-party digital wallet provider and the Access Foundation. Visit the terms…

Ethereum co-founder Jeffrey Wilcke transferred $72 million worth of ETH to Kraken, making it his fourth transfer to the exchange this year totaling over $147 million. Ethereum Foundation addresses have seen large ETH transfers, sparking community concerns. Vitalik Buterin clarified his ETH sales were to support projects, not for self-gain. ETH investors are worried about…

The Trump administration plans to expand the CFTC’s authority to regulate the digital asset market, including Bitcoin and Ethereum. This move aims to create a more innovation-friendly regulatory framework, replacing the current enforcement-heavy approach. However, funding and legislative hurdles need to be overcome for the CFTC to effectively regulate spot crypto markets.

Samuel Kullmann of the Swiss canton of Bern parliament passed legislation to explore Bitcoin mining as a solution for surplus electricity. The Executive Council will prepare a report on how Bitcoin mining can use excess energy and stabilize the electricity grid. Advocates believe it could bring economic and technological benefits.

Euro Coin (EUROC) is a digital currency issued by Circle, following the same full-reserve model as USD Coin (USDC). It is backed by euros held in euro-denominated banking accounts, ensuring stability and redeemability at a 1:1 ratio. With over $54 billion in circulation, Euro Coin aims to provide a trusted euro-based digital currency option.

Hong Kong is proposing tax exemptions for hedge funds, private equity funds, and family offices to solidify its status as a financial and crypto hub. The exemption would apply to gains from cryptocurrencies, private credit, overseas property, and carbon credits. This move aligns with a broader trend of wealthy individuals establishing investment vehicles outside mainland…

A former senior executive at Binance accused the company of retaliatory dismissal after reporting a colleague’s alleged bribery scheme. Amrita Srivastava claimed she was fired for whistleblowing, while Binance stated she was terminated for poor performance. Srivastava’s experience at Binance has negatively impacted her career and reputation.