Editor's Pick
Crypto Theft from Fortress Trust Traced Back to Phishing Attack on Cloud Vendor
On May 16th, 2021, the cryptocurrency exchange Fortress Trust revealed that it had suffered a major security breach resulting in a loss of funds. The company reported the theft of nearly $273 million in digital tokens, including Bitcoin,...
US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6%
US inflation posted its biggest monthly increase since 2023, rising 0.6% in April, according to the latest figures released by the Bureau of Labor Statistics (BLS). The figure was in line with the median estimate of analysts and...
FBI Identifies North Korean Lazarus Group as Culprit Behind $41 Million Stake Casino Hack
The FBI has identified the North Korean government-backed Lazarus Group as the force behind a recent attack against a cryptocurrency exchange, which saw the hackers steal over $41 million worth of cryptocurrency. The attack, which occurred earlier this...
Joint IMF and FSB Report Warns Against Total Crypto Bans
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have joined forces to produce a new report which, as they put it, “provides guidance to policymakers on the appropriate scope and design of policy mitigation measures...
80% of South Koreans Consider Crypto a Form of Gambling, Survey Finds
A recent survey in South Korea has revealed that 80% of the respondents think of crypto as a form of gambling rather than an investment. The survey, conducted by the Korean Financial Investors Protection Foundation (KFIPF), interviewed more...
Robinhood Agrees $600 Million Buyback of Seized Sam Bankman-Fried HOOD Stake From US Marshal Service
Robinhood, one of America’s leading fintech and stock trading apps, has announced a major buyback of the majority of its confiscated stake in Sam Bankman-Fried’s HOOD token from the United States Marshals Service (USMS). The company plans to...
6 Bitcoin ETF Applications Delayed So Far, BlackRock Rumored to Be Next—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, Invesco
The U.S. Securities and Exchange Commission (SEC) has so far delayed six Bitcoin exchange-traded fund (ETF) applications. The entities behind these applications were Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, and Invesco. The SEC is unlikely to approve a Bitcoin-based...
SEC Chair Gary Gensler Set for Back-to-Back Hearings Before Congress
Gary Gensler, chairman of the Securities and Exchange Commission (SEC), is set to appear before two Congressional committees this week. On Tuesday, Gensler will testify before the House Financial Services Committee, and then on Thursday, he will testify...
Mickey Mouse Joins Disney Cryptoverse with $40 NFT Collection
Disney fans everywhere were in for a treat this week as the iconic Mickey Mouse joined the Disney Cryptoverse with the launch of a $40 NFT collection. This new NFT collection debuted on the NFT platform OpenSea on...
Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle – Here’s the Latest
A federal judge in the U.S. District Court of the Southern District of New York has approved a former investment banker and venture capitalist as the “Declarant” in the SEC's lawsuit against Ripple Labs. The individual, whose name...
