DeFi - Crypto News And Market Updates

Ben ‘BitBoy’ Armstrong’s Former Company Subpoenaed in CFTC Fraud Probe

August 3, 2024 Gonzalo

The CFTC has subpoenaed Hit Network, a former company of Ben Armstrong , amid a fraud investigation involving 15 cryptocurrencies, including memecoin BEN.

Genesis Concludes Bankruptcy with $4 Billion Creditor Payout

August 3, 2024 Gonzalo

Genesis Global has begun disbursing $4 billion in creditor payouts following its restructuring, with varying recovery rates across different crypto assets.

Illustration showing sharp Bitcoin price movement triggering $157 million in market liquidations.

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk-Off Mood

August 3, 2024 Gonzalo

Bitcoin drops below $63K amid an equity market slump and large crypto movements from Genesis Trading wallets, significantly impacting major altcoins.

Illustration depicting Ethereum Foundation’s Devcon 8 event in Mumbai and the global developer community.

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Gonzalo

Genesis Trading transfers $3 billion in Bitcoin and Ethereum amid bankruptcy to manage creditor repayments and financial restructuring efforts.

Crypto security illustration showing a shield and warning symbols, representing scam prevention and protection in the crypto space.

Crypto Hackers Stole $266M in July Across 16 Breaches: PeckShield

August 1, 2024 Gonzalo

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.

Dutch Finance Ministry Rejects AFM’s Funding Boost for Crypto Oversight

July 29, 2024 Gonzalo

Dutch Finance Ministry Rejects AFM’s Funding Boost for Crypto Oversight

Michigan Adds $6.6M in Bitcoin ETFs to Pension Fund

July 26, 2024 Gonzalo

Michigan’s pension fund invests $6.6M in Bitcoin ETFs, highlighting the growing institutional adoption of digital assets and the rise of crypto investments.

Russia Mulls Launching Tokens Backed by Cenbank-Owned Gold

July 26, 2024 Gonzalo

Russia explores gold-backed tokenized assets for cross-border trades, with plans for broader testing and availability by the end of the year.

Tether CEO Warns MiCA Stablecoin Rules Could Pose ‘Systemic Risks’ to EU Banks

July 26, 2024 Gonzalo

Tether CEO Paolo Ardoino warns that Europe’s MiCA stablecoin regulations could create systemic risks for EU banks due to excessive cash reserve requirements.

Galaxy Asset Management Secures $113M for New Crypto Fund

July 25, 2024 Gonzalo

Galaxy Asset Management secures $113M for Galaxy Ventures Fund I LP, targeting early-stage cryptocurrency ventures and blockchain technology startups.