Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks,…
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Yield App Suspends Operations Ahead of Liquidation
Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based…
Solana ETF Approval Odds Rise Amid Potential Political Shifts, Analyst Says
Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a…
21shares Files to Launch Solana ETF With SEC
21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and…
Solana Introduces Blinks, Brings Blockchain to the Web2 Space
Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation,…
Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto…
Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigerian Web3 Industry
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in…
Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors
Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and…
Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in Latam
Nubank, Latam’s most valuable bank, has partnered with Lightspark, a cryptocurrency-focused financial services company, to bring its customers access to Lightning Network transactions. With this partnership, Nubank expects to lower…
Interpol Disrupts Scam Networks: 6,745 Bank Accounts Frozen, $2M Crypto Seized, 3,950 Arrested
Interpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in…
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