crypto asset

Tidus, a decentralized wallet platform focused on simplifying decentralized finance (DeFi), has integrated the Wormhole-powered Mayan Swift SDK to streamline cross-chain transfers. What Happened: The integration allows users to move stablecoins such as USDC (CRYPTO: USDC) and USDT (CRYPTO: USDT),...

The U.S. Securities and Exchange Commission (SEC) is utilizing a recent victory in its case against Terraform Labs to bolster its ongoing legal battles with major cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN) In a legal document related to its lawsuit...

Tron (CRYPTO: TRON) founder Justin Sun's promoted crypto exchange Poloniex has reportedly experienced a security breach in one of its wallets, identified as 'Poloniex 4' on Etherscan, leading to a loss of over $120 million. This incident has raised concerns among users and industry...

Crypto fund Galaxy Digital projects a 74% spike in the price of Bitcoin (CRYPTO: BTC) next year if a U.S.-regulated spot Bitcoin ETF is approved. Galaxy's research underscores that a spot ETF would not only offer direct exposure to Bitcoin but also boast advantages over current investment...

The Basel Committee on Banking Supervision, in an effort to increase transparency and oversight in the banking sector, wants banks to disclose their crypto asset holdings. What Happened: The committee made the decision during the recent meeting, which took place on Oct. 4 and Oct. 5 in Basel. In...

The crypto market is expected to remain stable despite the sale of tokens by bankrupt exchange FTX (CRYPTO: FTT), as Coinbase Inc. (NASDAQ: COIN) reports protective measures capping initial sales at $50 million per week, increasing to $100 million in subsequent weeks. Any decision to...

The U.S. Securities and Exchange Commission (SEC) has taken action against Stoner Cats 2 LLC (SC2), the creator of the "Stoner Cats" web series, accusing the company of conducting an unregistered offering of crypto asset securities. These securities were in the form of non-fungible...

Polygon (CRYPTO: MATIC) has proposed a technical upgrade of its native asset, MATIC, to POL. The proposal was detailed in a white paper published by Polygon's founders and researchers. The new token, POL, is designed to become the primary tool for the growth of the Polygon ecosystem and to...

The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safe keep customer assets under a statutory trust by the end of the year. This move aims to mitigate the risk of loss or misuse of customers' assets and facilitate the...

In a significant security breach, cross-chain bridge Poly Network has been exploited. What Happened: The attacker reportedly pocketed about $10.1 million worth of Ethereum (CRYPTO: ETH), or 5,196 ETH, marking a significant hit to the platform. The attack has affected 57 assets on 10...

Blockstation CEO Jai Waterman believes conventional financial powerhouses could effectively harness their credibility and infrastructural advantages to dominate the digital assets trading landscape. Traditional financial institutions manage the majority of investors' money, Waterman told...

Crypto custodian Prime Trust may be under scrutiny, but the broader digital-asset market appears to be in a recovery phase and is poised for growth in the coming years, observers say. What Happened: Nevada's Department of Business and Industry declared Prime Trust "critically deficient...

In the wake of the U.S. Securities and Exchange Commission's (SEC) lawsuit, Binance.US is experiencing a severe liquidity crunch, as market makers and traders have vacated the cryptocurrency exchange at an alarming rate. A research report by Kaiko revealed the liquidity on Binance.US...

Crypto hardware wallet provider Ledger's update has sparked a heated debate among industry experts, with some being concerned about the potential security and privacy implications, while others are optimistic about the feature's security measures. The update allows devices to...

UK lawmakers want to treat cryptocurrency trading like gambling. The recommendation comes as regulators become increasingly vocal about the substantial risks these digital assets could pose to consumers. What Happened: Members of Parliament are worried that treating consumer crypto trading as a...