Web3 - Crypto News And Market Updates

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Crypto Security Incidents in October Lead to $129M in Losses

November 3, 2024 Gonzalo

October saw $129M in crypto losses from scams, exploits, and attacks, with Radiant Capital’s $50M breach and M2’s $13.7M hack among the largest incidents.

Illustration depicting American Bitcoin mining industry amid political discourse and U.S. policy narratives.

Huawei Integrates Digital Yuan into HarmonyOS NEXT for 1 Billion Users

November 2, 2024 Gonzalo

Huawei’s HarmonyOS NEXT now integrates the digital yuan, enabling seamless, app-free CBDC payments for nearly 1 billion users, advancing digital finance.

BitGo Appoints Former Silvergate President to Spearhead USD Standard Stablecoin

November 1, 2024 Gonzalo

BitGo appoints former Silvergate president Ben Reynolds to lead its stablecoin USD Standard, aiming for a secure and resilient financial ecosystem.

Illustration depicting Bitcoin OG whale sending 200 BTC to a Kraken exchange

Kraken Joins Crypto Exodus with 15% Workforce Layoffs

October 31, 2024 Gonzalo

Kraken cuts 15% of its workforce amid industry-wide layoffs, joining Consensys and DYDX. New co-CEO Arjun Sethi aims to refocus the exchange’s strategy.

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RBI Governor Warns Against Stablecoins, Emphasizes CBDC for Monetary Sovereignty

October 28, 2024 Gonzalo

RBI governor warns that stablecoins risk India’s monetary sovereignty, pushing instead for CBDCs, which he says offer security backed by government trust.

Illustration representing US markets and blockchain migration, with digital locks, network nodes, and symbols of financial infrastructure transition

BIS-Led Project ‘Mandala’ Automates Compliant Cross-Border Transactions

October 28, 2024 Gonzalo

The BIS-led Mandala project tests automation for cross-border compliance, enabling faster and secure international transactions with digital assets.

Coinbase Unveils ‘Based Agent’ for Building AI Agents in Under 3 Minutes

October 27, 2024 Gonzalo

Coinbase’s ‘Based Agent’ tool empowers users to set up AI agents with crypto wallets in under 3 minutes, facilitating swift blockchain interactions.

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Ripple Files Form C in SEC Appeal Over Institutional XRP Sales

October 25, 2024 Gonzalo

Ripple appeals SEC’s ruling on XRP institutional sales, arguing the Howey test was misapplied. Form C filed for de novo review in appeals court.

ZachXBT Exposes Chinese OTC Trader’s Role in Lazarus Hacks

October 24, 2024 Gonzalo

ZachXBT uncovers how Chinese OTC trader Yicong Wang laundered $17 million in stolen cryptocurrency for North Korea’s Lazarus Group since 2022.

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Nigerian Court Grants Freedom to Detained Binance Exec on Health Grounds

October 23, 2024 Gonzalo

Nigerian court frees Binance executive Tigran Gambaryan due to health concerns, closing his six-month detention for financial crime allegations.