Global Crypto Exchange Binance will pay a massive settlement of $4.3 billion owing to breaches of legal regulations, not fraud, as revealed by the Commissioner of the Commodity Futures Trading Commission (CFTC), Kristin Johnson. Johnson commented on the Binance saga when speaking at a digital assets summit on Dec 5. Binance Paid for Breaching Rule, ...
On December 5, Binance, the largest global cryptocurrency exchange network, suspended the trading of the Euro-pegged stablecoin AEUR following a price surge of over 200% yesterday. Binance Suspends AEUR The stablecoin was designed to maintain a peg of $1.08, aligning with the EUR-USD rate. However, at some point yesterday, the stablecoin surged to about $3.25, ...
In an interesting development, a Bitcoin Core developer claimed that a bug fix in the Bitcoin network could potentially halt the production of new Bitcoin Ordinals and BRC-20 tokens. Ultimate Fix for Bitcoin Ordinals Bug The Bitcoin Core Developer, Luke Dashjr, began by highlighting that inscriptions have been exploiting a Bitcoin vulnerability. Since 2013, Bitcoin ...
As the ETF mania continues to rock the crypto markets, the US Securities and Exchanges Commission (SEC) just recently announced a postponement of 45 days on the decision regarding Grayscale Investments’ application for a spot Ethereum ETF. Grayscale Spot Ethereum ETF Decision This spot Ethereum ETF decision has been moved to later in January, on ...
In a march towards clarity and transparency in the crypto regulatory landscape, India’s Financial Intelligence Unit recently completed the registration of 28 Virtual Digital Assets (VDA) and crypto services providers. 28 Virtual Digital Assets Registered in India According to reports, the Minister of State for Finance, Pankaj Chaudhary, released the news in a parliamentary session. ...
In a lengthy post on X, Thirdweb, a key player in the Web3 space, unveiled a security flaw affecting numerous smart contracts, including some of Thirdweb’s pre-built versions. Thirdweb took immediate measures to address the vulnerability and made a massive commitment to security in the future. Thirdweb Detected a Smart Contract Vulnerability According to the ...
Earlier today, President Nayib Bukele of El Salvador hit back at critics after a profitable turnaround in the country’s Bitcoin investments. Amid Bitcoin’s exciting comeback, El Salvador’s controversial bet on the cryptocurrency appears to be paying off. “Take Back” Your Statements, Bukele In a post on the social media platform X (formerly Twitter), the Salvadoran ...
In the past week, several crypto investors lost about $2 million after a malicious actor conducted a series of “address poisoning attacks” on Safe Wallet users. The recent security breaches resulted from hackers misusing some Ethereum contract functions. Address Poisoning Attacks on Safe Wallet As per a report by Scam Sniffer, since last week, the ...
In an interesting tale of growth, stablecoin issuer Paxos, announced that it earned in-principle approvals (IPAs) to operate in Abu Dhabi Global Markets. The latest development ensued after the blockchain-focused network earned approval to operate in Singapore. Paxos Earns Abu Dhabi Approvals Per a press statement via PRNewswire, the stablecoin provider received approval from Abu ...
Bitcoin (BTC) and crypto markets are trending upwards today, with the general crypto market cap rising by close to 2% in the past hours. The current upsurge is a product of the ongoing spot bitcoin ETF mania within the cryptocurrency community. BTC’s Price Action Today Bitcoin is currently on a strong bullish trend despite starting ...
Stefan Sanetrik
Stefan Sanetrik
