BNY Mellon SEC Approval: A Turning Point for Crypto Custody
TL;DR The SEC approved BNY Mellon’s plan to offer cryptocurrency custody services. The bank will be able to custody digital assets beyond Bitcoin and Ethereum....
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LATEST NEWS ABOUT CRYPTOCURRENCIES
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Hacks in Crypto Industry Are Declining, But Threats Persist
TL;DR Losses from hacks and scams in the crypto industry were $413 million in the third quarter of 2024, representing a 40% decrease. The most...
Taurus and Aktionariat Partner to Tokenize SME Shares
TL;DR Partnership Announcement: Taurus SA and Aktionariat AG have partnered to facilitate the trading of tokenized shares from SMEs on the Taurus Digital Exchange (TDX),...
PayPal’s PYUSD Stablecoin Drops 30% as Solana DeFi Incentives Decline
TL;DR PayPal’s PYUSD stablecoin has seen its market cap drop by 30% over the past month. The drop is due to declining incentives in Solana’s...
Binance Aids in Uncovering $47.6 Million Gaming Scam in India
TL;DR Binance helped India track down a $47.6 million gaming scam and arrest four people. Victims were lured into online gambling but then lost access...
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX. In...
Kraken Expands European Presence with Acquisition of Dutch Crypto Broker BCM
TL;DR Strategic Expansion: Kraken acquires Coin Meester B.V. (BCM) to strengthen its presence in the European market, especially ahead of the upcoming MiCA regulations. Enhanced...
Upbit Moves User Data to AWS Servers in the U.S.: What This Means for Privacy
TL;DR Upbit will migrate user data storage to Amazon Web Services (AWS) servers in the United States starting October 1, 2024. The measure seeks to...
Bitfarms and Riot Platforms Announce Settlement Agreement
TL;DR Board Changes: Andrés Finkielsztain steps down from Bitfarms’ Board; Amy Freedman joins, bringing extensive experience in corporate governance. Standstill Agreement: Riot Platforms withdraws its...
Tether (USDT) Hits a Record $119.14 Billion
TL;DR Tether (USDT) market cap hit an all-time high of $119.14 billion. Its adoption rate has grown from 18% to 31% in the last year....