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Memecoin creation platform Pump.fun has made its first acquisition, buying the wallet-tracking project Kolscan ahead of its $1 billion ICO. Crypto memecoin creation platform Pump.fun has made its first-ever acquisition, buying the wallet-tracking platform Kolscan, with its founder looking at gamification to drive growth. Pump.fun said on Thursday that it had acquired Kolscan, a platform…
Social engineering scams, from the Meeten campaign to fake crypto support scams, have become a troubling occurrence in crypto. Threat actors are using an elaborate social engineering scheme to target crypto users and drain their wallets, according to a Thursday report from cybersecurity company Darktrace. The company wrote that the techniques are similar to those…
The trial is part of Project Acacia, an initiative from the RBA exploring how digital money and tokenization could support financial markets in Australia. Australia’s central bank said on Thursday it’s moving to its next stage in exploring digital currencies, launching a trial on how digital money and tokenization can support wholesale financial markets. The…
Ripple CEO Brad Garlinghouse says the growth behind the stablecoin market has been “profound” as it announced BNY Mellon as the firm’s stablecoin custodian for RLUSD. Ripple CEO Brad Garlinghouse says there’s a widely-held belief that the stablecoin market could grow almost ten times over the next few years. The stablecoin industry is currently around…
Binance founder Changpeng Zhao’s investment firm is backing the creation of a company that will buy and hold BNB with plans to go public in the US. Binance co-founder Changpeng Zhao’s family office, YZi Labs, is set to back a new treasury firm that will offer investors exposure to BNB with aims of going public…
With eyes on tokenized gold, the companies plan to merge and launch a gold-backed treasury business. BioSig and Streamex have secured $1.1 billion in growth financing to support their pivot into onchain commodities, starting with gold. The companies, which signed a letter of intent to merge on May 5, say the funding will help establish…
Ripple shareholder Linqto has filed for bankruptcy following months of controversy around securities laws violations, with the first hearing expected on Tuesday. Linqto, a private investment platform that allows investors to buy shares in pre-initial public offering companies, has filed for Chapter 11 bankruptcy. The company also holds 4.7 million Ripple shares bought on the…
Shares of Kakao Bank, Kookmin Bank and the Industrial Bank of Korea rose by 10% to 19% following stablecoin trademark applications. Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets. According to Google Finance data, at least three South Korean banks that recently applied for…
Crypto exchange Gate.io removed the webpage showing an upcoming Pump.fun token sale on Saturday, while its support account on X gave a confusing explanation. Cryptocurrency exchange Gate.io has quietly removed a page showing an upcoming token sale for the Pump.fun Solana-based memecoin platform. On Tuesday, users of X noticed a “leaked” webpage showing details of…
“This was more about staying safe than suddenly getting rich,” said a crypto user who converted a 100-BTC Casascius bar they bought in 2012. A crypto user who had held physical Bitcoin for roughly 13 years talked to Cointelegraph about what led to his decision to finally move the coins to a wallet. On May…