Finance
In recent months, Real-World Asset (RWA) funds have seen a surge in market capitalization, crossing the $2 billion mark. This remarkable growth reflects the increasing interest and trust in tokenized treasury bonds and similar financial products. Over the last five months, the value of RWA funds has doubled, reaching unprecedented
Finance
In a shocking turn of events, hackers successfully infiltrated the official Instagram account of fast-food giant McDonald's to promote a scam token, GRIMACE, running on the Solana blockchain. This breach marks another alarming incident where popular brands fall victim to cyberattacks, targeting unsuspecting social media followers for malicious
Finance
Authorities in Malaysia have detained seven individuals, suspected of stealing electricity to support illegal cryptocurrency mining operations. According to the investigation, the group tapped into the national power grid to run their mining farms, leading to their eventual arrest. The Malaysian police, following a specialized operation aimed at curbing illegal
Finance
In recent developments, the Indian authorities have issued a significant accusation against the cryptocurrency exchange Binance, alleging tax evasion to the tune of $86 million. The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a notice to Binance, claiming that the exchange has failed to comply with
IT
Justin Sun, the founder of TRON and advisor to the crypto exchange HTX (formerly Huobi), has denied rumors that he has liquidated his positions. According to Sun, he and his team rarely engage in leveraged trading. Over the past 24 hours, the volume of liquidations in the crypto market has
Finance
In a bold and unexpected move, former U.S. President and current presidential candidate Donald Trump has unveiled a limited edition series of sneakers dedicated to the world's first cryptocurrency, Bitcoin. The announcement was made via Truth Social, a social network frequented by Trump supporters. The "Bitcoin
Finance
In a groundbreaking move, the University of Wyoming has launched the UW Bitcoin Research Institute, an initiative aimed at producing "high-quality" publications on Bitcoin, the first and foremost cryptocurrency. This new establishment signifies a commitment to enhancing the academic landscape surrounding Bitcoin research, a field often criticized for
Finance
oinbase Takes Legal Action to Obtain Critical SEC Documents in Lawsuit In a strategic legal move, cryptocurrency exchange Coinbase has filed a motion in court, compelling the U.S. Securities and Exchange Commission (SEC) to produce essential documents related to the regulator's lawsuit against the company. This development
World Wide
The prospect of a second presidential term for Donald Trump is being met with enthusiasm by participants in the digital asset industry. American firms stand to gain comprehensive support from the new administration, according to experts. However, Bloomberg analysts warn that several foreign companies might face significant pressure from the
Finance
In July 2024, the crypto lender BlockFi will initiate the first round of compensation payouts. Asset distribution will be conducted through the Coinbase exchange. Previously, in May, the company announced the final closure of its platform. BlockFi, which faced financial collapse, will commence compensation payouts to its clients in July
Finance
Bloomberg anticipates the launch of spot Ethereum ETFs next Tuesday, July 23. This date was provided by Eric Balchunas, the publication's senior ETF analyst. The reasoning behind this prediction stems from the U.S. Securities and Exchange Commission (SEC) requesting issuers to submit final S-1 forms this Wednesday.
Finance
A Deep Dive into Malaysia's Battle Against Cryptocurrency Electricity Theft In a startling revelation that underscores the growing problem of illegal cryptocurrency mining, Malaysia has reported that unauthorized miners have stolen electricity worth a staggering $722 million over a span of five years. This information was disclosed by