Web3 Archives - Page 41 of 50

Illustration of Bitcoin and Ethereum symbols representing the crypto transactions by Genesis Trading.

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Dan K

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

Indian Enforcement Directorate officers investigating a crypto scam

India’s Enforcement Directorate Cracks Down on $890K Emoillent Crypto Scam

August 2, 2024 Dan K

India’s Enforcement Directorate targets Emoillent Coin founders, uncovering a crypto scam that deceived 2,508 investors, stealing approximately $890K.

Vitalik Buterin speaking at an Ethereum developer conference

Ethereum Spot ETFs See Meager Inflows as Grayscale Outflows Persist

August 2, 2024 Dan K

U.S. spot Ether ETFs see modest inflows, while Grayscale’s Ethereum Trust experiences significant outflows, impacting the cryptocurrency market.

Bitcoin symbol with Federal Reserve in the background, indicating potential rate cut impact.

Fed’s Lean Toward September Rate Cut Bullish for Bitcoin

August 1, 2024 Dan K

Fed’s likely rate cut in September looks bullish for Bitcoin, signaling increased market liquidity and investor confidence, according to QCP Capital.

Bank of England building with Bitcoin symbol

Bank of England Announces 0.25% Rate Cut

August 1, 2024 Dan K

The Bank of England’s 0.25% interest rate cut to 5% could trigger a Bitcoin breakout. Easing monetary policy has historically boosted risk-on assets.

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

August 1, 2024 Dan K

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

Blockchain visualization showing Sui and Cetus recovery efforts after May 2025 crypto hack

India’s Web3 Association Bolsters Cybersecurity Efforts After $230 Million WazirX Hack

July 31, 2024 Dan K

In response to the recent $230 million WazirX hack, India’s Web3 Association is enhancing cybersecurity and consumer protection within the crypto industry.

Karak Integrates Space and Time to Power Trustless Rewards

July 31, 2024 Dan K

Karak integrates Space and Time to enhance trustless rewards and security in Distributed Secure Services, backed by Coinbase and Pantera Capital.

Blockchain

WazirX Draws Backlash Over ‘Socialized’ Recovery Plan, Asks Binance for Help

July 29, 2024 Dan K

WazirX faces backlash for its hack recovery plan and seeks help from Binance. The Indian crypto exchange lost over $230 million in a cyberattack.

Exterior view of the Dutch finance ministry building in The Hague

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

July 29, 2024 Dan K

Dutch Finance Ministry Rejects AFM’s Funding Boost for Crypto Oversight In one word, no! The local financial regulator has been peeved after repeated demands on the Dutch finance ministry for the extra funding needed to