Category : Blockchain

Blockchain

Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss

KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols. (Read More)

Alchemy Pay Expands U.S. Footprint with Iowa Money Services License

Alchemy Pay, a prominent crypto-fiat payment gateway, has secured a Money Services License in Iowa, marking a significant expansion in the U.S. market and enhancing its global compliance portfolio. (Read More)

Huobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users

Huobi HTX pledges to compensate users affected by a $30 million hack, ensuring minimal impact and enhanced security measures, as part of a series of attacks on Justin Sun's entities. (Read More)

Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring

Sam Altman returns as OpenAI's CEO, with a reconstituted board, after a brief ouster, underscoring his pivotal role in the AI industry. (Read More)

BlackRock and SEC Discuss iShares Bitcoin Trust Listing on Nasdaq

The SEC is reviewing multiple proposals for iShares Bitcoin Trust's listing as a spot Bitcoin ETF on Nasdaq, marking a significant step in mainstream cryptocurrency acceptance. (Read More)

SEC Accuses Kraken of Operating Without Registration, Alleges Mixing of Funds

The SEC has accused Kraken of operating as an unregistered securities exchange, broker, dealer, and clearing agency, accusing it of commingling customer and company funds and deficient internal controls. (Read More)

Celsius to Transition to Mining-Only NewCo following Bankruptcy Court's Confirmation of Plan

Celsius Network, following bankruptcy court approval, is transitioning to a Bitcoin mining-focused entity to address regulatory challenges from the SEC. (Read More)

U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring

The U.S. Justice Department successfully seizes $9M in crypto from a scam ring targeting over 70 victims, showcasing the government's commitment to combating cyber-enabled financial fraud. (Read More)

Binance Undergoes Leadership Shakeup Amid DOJ Investigation

Binance names Richard Teng as CEO amid Changpeng Zhao's departure due to legal issues, signaling a new leadership era as the company navigates a DOJ probe. (Read More)

Bittrex Global to End Trading on Dec 4, 2023

Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings. (Read More)

DOJ Seeks Over $4 Billion from Binance Amidst Years of Legal Challenges

The U.S. DOJ is demanding over $4 billion from Binance to resolve a criminal case, potentially impacting the crypto market and investor sentiment. (Read More)

Seize control of your data with Akord

Akord is a web3 platform that combines cloud and blockchain storage, offering private, public, and public vaults with end-to-end encryption, enabling diverse use cases and perpetual access. (Read More)

Emmett Shear Appointed Interim CEO of OpenAI as Sam Altman Steps Down

Emmett Shear, former Twitch CEO, is appointed as OpenAI's interim CEO following Sam Altman's departure, signaling a new phase in the organization's leadership and direction. (Read More)

Former Bithumb Chairman Lee Jeong-hoon Faces 8-Year Prison Sentence in Appeal

Former Bithumb Chairman Lee Jeong-hoon faces fraud charges over botched deal with BK Group Chairman Kim Byung-gun, awaiting an 8-year sentence, impacting governance and crypto industry regulatory landscape. (Read More)

RSS3 aggregating Farcaster & Lens to MetaMask Snap

RSS3 is developing a MetaMask Snap to aggregate decentralized social information, provide real-time notifications, and enable users to sync and aggregate their graphs. (Read More)

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million. (Read More)

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud. (Read More)

NYDFS Introduces Stricter Crypto Listing and Delisting Rules

NYDFS has implemented stricter regulations for cryptocurrency businesses, enhancing investor protection through detailed risk assessments and governance, highlighting New York's proactive regulatory approach. (Read More)

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024. (Read More)

Congressional Memo Challenges SEC's SAB 121

Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk. (...

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