Crypto News

Justin Sun confirmed a transfer of $100 million in USDC to Huobi exchange

Justin Sun Commits $100 Million to Create Huobi Liquidity Fund through USDC Transfer

Huobi has created a $100 million liquidity fund to protect against sudden drops in the HT token’s value. This move came in response to a

Hedera Mainnet Breached, Service Tokens Stolen in Recent Exploit

Hedera Hashgraph Confirms Smart Contract Exploit Leading to Theft of Liquidity Pool Tokens

Hedera, the team behind the distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has resulted in the theft

Huobi Token (HT) experienced a sudden flash crash in the early hours of March 10

Huobi Token Crashes 93% in Minutes, Justin Sun Cites Market Fluctuations and Forced Liquidations

Huobi Token (HT) experienced a sudden flash crash in the early hours of March 10, dropping from around $4.70 to below $0.40 in just minutes.

New Crypto Team Established by US Fed to Tackle Growing Stablecoin Concerns

US Fed Establishes Crypto Task Force to Address Risks of Unregulated Stablecoins

The United States Federal Reserve is stepping up its efforts to keep pace with the ever-evolving cryptocurrency industry by establishing a dedicated team of experts.

FTX’s former Lead Engineer

Authorities Confiscate FTX Executive’s $3.7 Million Island Abode

Nishad Singh, FTX’s former Lead Engineer, made headlines last October when he purchased a $3.7 million vacation home on the San Juan Islands. The sprawling

Biden Administration Takes Aim at Cryptocurrency Industry with New Tax and Regulatory Measures

US Government Looks to Increase Revenue with Proposed 30% Tax on Crypto Mining

The Biden administration has recently proposed a new tax on cryptocurrency miners and the elimination of tax-deductible losses related to wash-trading of crypto tokens. This

Sam Bankman-Fried's Criminal Trial Delay May Be Necessary, Says Attorneys

SBF Lawyers Request Delay in October Trial Due to Insufficient Evidence

Attorneys representing Sam Bankman-Fried (SBF), the founder of crypto exchange FTX, have suggested that a delay of his upcoming criminal trial may be necessary. SBF’s

The transfer involved 49,000 BTC worth around $1 billion

US Government Sends $200 Million Worth of Bitcoin to Coinbase

The US government has transferred a significant amount of Bitcoin ($BTC) to Coinbase, a Nasdaq-listed cryptocurrency trading platform, according to data from the cryptocurrency’s blockchain.

FTX Sells Sequoia Interest to Abu Dhabi's Investment Arm for $45M

FTX Closes $45M Deal to Sell Sequoia Stake to Abu Dhabi’s Investment Arm

FTX’s investment arm, Alameda Research, has announced a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth

Biden Administration Cracks Down on Crypto Tax Evasion Tactic.

Biden Administration Aims to Close Crypto Tax Loss Harvesting Loophole

U.S. President Joe Biden has proposed a budget that aims to close tax loss harvesting on crypto transactions, a move that could raise up to

Indian Crypto Community Hails Govt's Steps to Tackle Money Laundering

Indian Crypto Community Backs Govt’s Fight Against Money Laundering

The Indian government’s recent move to bring the crypto sector under the Prevention of Money Laundering Act (PMLA) has sparked a discussion on whether this

SOL Wallets Shift Over $60 Million to Coinbase Exchange

SOL Whales Transfer More Than $60 Million to Coinbase

A group of massive Solana whale wallets recently transferred more than $60 million worth of $SOL to the Nasdaq-listed cryptocurrency exchange Coinbase in a series

White Hat Hacker Restores Trust in DeFi Lending Platform and Earns $97,000

White Hat Hacker Returns Funds to Tender.fi and Receives $97,000 in Recognition

An ethical hacker has recently exploited the Tender.fi lending platform, which operates on the decentralized finance (DeFi) network. In an unexpected turn of events, the

Kraken Bank

Kraken Pushes Ahead with Launch of Crypto Bank Despite Regulatory Issues in the US

Kraken, the US-based cryptocurrency exchange, announced its plan to open a crypto bank in Wyoming last year. The bank, designated as a special purpose depository

Coinbase Under Fire for Refusing to Compensate Customers Impacted by Security Breach

Coinbase Takes Heat for Not Restoring Customer Trust After Security Breach

Coinbase exchange is embroiled in a dispute with a hacking victim over a security breach that resulted in customer losses. The incident occurred in May

Algodex revealed that a malicious actor had infiltrated the company’s wallet on March 5

MyAlgo Issues Renewed Withdrawal Warning in Light of Algodex’s Disclosure of Malicious Wallet Breach

Algorand-based wallet provider MyAlgo has once again urged its users to withdraw their funds following a security breach in February that appears to remain unresolved.