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FTX creditors claim they are being targeted via phishing emails after their information was leaked in a data breach in August 2023. Financial and risk advisory firm Kroll is facing a class-action lawsuit for alleged negligent behavior over a data breach that impacted creditors of FTX, BlockFi, and Genesis. The lawsuit was filed on Tuesday…
ASIC Deputy Chair Sarah Court said the regulator has now beefed up its scam enforcement to include monitoring social media ads. Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto. The online scams include investment scams,…
Ming Shing Group Holdings, a Nasdaq-listed Hong Kong construction firm, struck a $483 million deal to acquire 4,250 Bitcoin via share issuance. Nasdaq-listed Hong Kong construction firm Ming Shing Group Holdings said Wednesday it has entered into an agreement to acquire 4,250 Bitcoin for nearly $483 million, joining the wave of companies adding the cryptocurrency…
The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta. Cryptocurrency exchange Gemini has received a Markets in Crypto-Assets Regulation (MiCA) license in Malta, supporting the company’s ongoing expansion in Europe. The Cameron and Tyler Winklevoss-owned exchange secured a MiCA license from the Malta Financial Services…
Wormhole will bid against LayerZero to acquire the crosschain transfer platform Stargate, which just launched an updated bid on Sunday to better reception. Cross-blockchain bridge Wormhole is looking to bid against LayerZero’s $110 million bid to acquire crypto protocol Stargate, arguing LayerZero’s bid doesn’t “create a compelling offer.” The Wormhole Foundation said in a post…
According to a Binance Research report, tokenized stocks are nearing a major inflection point reminiscent of the early days of decentralized finance. On Wednesday, cryptocurrency exchange Kraken and tokenization platform Backed Finance announced an expansion of xStocks, a tokenized stock product offering, to the Tron blockchain. The move comes as real-world asset (RWA) tokenization, particularly…
SoFi Technologies will leverage the Bitcoin network under a partnership with Lightspark to better compete in the $740 billion global remittance market. Digital bank SoFi Technologies is set to become the first US bank to leverage the Bitcoin network and Universal Money Address — allowing Americans, Mexicans, and others to send money through the Lightning…
Polkadot has launched Polkadot Capital Group to connect traditional finance with its blockchain ecosystem, focusing on tokenization and DeFi. Polkadot has launched a capital markets division aimed at bridging traditional finance and its blockchain ecosystem, underscoring the network’s push to attract institutional players as digital assets gain traction. Unveiled on Tuesday, Polkadot Capital Group was…
SharpLink bought $667 million in Ether at near-record highs, lifting its holdings to $3.2 billion as institutional ETH accumulation accelerates. Sports betting platform SharpLink Gaming snapped up Ether last week as the cryptocurrency surged to near all-time highs. SharpLink added 143,593 Ether (ETH) as ETH prices climbed above $4,700, according to a filing with the…
Trump’s move to allow crypto in 401(k) retirement plans could push Bitcoin to $200,000 by the end of the year, according to Bitwise’s head of European research. The inclusion of cryptocurrency in US retirement plans could mark a milestone for Bitcoin adoption and unlock billions of dollars in new capital, potentially pushing the asset above…