Category: crypto

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.

XT Exchange has suspended all coin withdrawals due to an abnormal transfer of assets totaling about $1 million in 12 different currencies. The incident was first reported by Peckshield, with the attacker allegedly swapping stolen assets for 461.58 ETH. XT assured users their assets were unaffected and plans to enhance security with a new system.…

Stablecoins are transitioning from crypto exchanges to broader global finance applications, used for saving, transacting in USD, and cross-border payments. The market is dominated by USD-pegged stablecoins, but interest in non-USD stablecoins is increasing. The report suggests stablecoins have room for growth with regulatory developments. Standard Chartered sees stablecoins as a key application in digital…

Tokyo-based investment firm Metaplanet plans to raise 9.5 billion yen to strengthen its Bitcoin portfolio, following a financing approach similar to MicroStrategy. The company’s stock surged by 6.5% after the announcement, positioning it as one of Japan’s most prominent publicly traded companies. Metaplanet has added 1,142 BTC to its portfolio since transitioning to a Bitcoin-focused…

Celo’s native token saw a 5% drop after plans to transition to an Ethereum Layer-2 network became contentious. Coinbase announced it would not support the migration, while Tether’s CEO confirmed support. The community had mixed reactions, with some urging Coinbase to reconsider. Kraken expressed support for the transition.

Ethereum’s DeFi sector is booming with a TVL of over $80 billion. Aave and Uniswap have achieved significant milestones during this bullish wave, with Uniswap setting a record for monthly trading volume on layer-2 networks. Uniswap also announced a $15.5 million bug bounty program. Aave has seen a 230% increase in deposits, reaching $33 billion.

Russia’s Federation Council approved amendments to the Tax Code to regulate digital currencies like Bitcoin. The legislation defines digital currency as property for tax purposes, with income from crypto transactions taxed under a progressive system. Mining operators must report activities to enhance transparency. Some crypto activities are exempt from VAT. Critics worry about enforcement challenges,…

Off The Grid by Gunzilla Games won Game of the Year at the 2024 GAM3 Awards in Manila. The event celebrated excellence in Web3 gaming, with Off The Grid also winning awards for Best Shooter Game, Best Multiplayer Game, and Best Action Game. The event had over 300 attendees and reached a peak viewership of…

Coinbase CEO Brian Armstrong is working to uncover US banks’ crypto-related account closures through FOIA. He blames anti-crypto sentiment from figures like Elizabeth Warren and Gary Gensler for these actions, which he believes hurt the Democratic Party. Other crypto stakeholders have also faced account closures, leading to accusations of “Operation Choke Point 2.0.”

Bankrupt crypto lender Celsius is making a second round of payments to creditors, totaling $127 million and covering 2.75% of claims. This follows a previous payout of $2.53 billion to 251,000 creditors. Payments will be made in Bitcoin or USD cash, with Bitcoin payouts dependent on market value. Former CEO Alex Mashinsky faces trial in…