DZ BANK, Germany’s largest depository bank with over €350 billion in assets under custody as of August 2024, has launched its much-awaited institutional digital asset custody platform. This puts the bank at the forefront of Germany’s digital asset revolution, marking a key milestone in embracing blockchain technology and digital transformation. Developed by DZ BANK in […]
The Hong Kong Monetary Authority (HKMA) has introduced a new program called the Supervisory Incubator for Distributed Ledger Technology (DLT) to help banks adopt blockchain technology safely and responsibly. With the potential to transform the financial services industry, blockchain is now being explored for everything from payments to loans, and the HKMA wants to ensure […]
Gary Gensler, the outgoing chair of the U.S. Securities and Exchange Commission (SEC), believes the crypto industry still requires stronger oversight. In a Bloomberg Television interview on Wednesday, Gensler stressed that everyday investors lack sufficient disclosures from digital asset firms. During his tenure, Gensler spearheaded aggressive enforcement actions against crypto players, including Coinbase Global Inc. […]
Do Kwon, the co-founder of Terraform Labs, is to face trial in the United States on January 26, 2026, following a charge of criminal fraud connected with the disastrous collapse of the TerraUSD stablecoin that lost $40 billion in 2022. According to a decision by U.S. District Judge Paul Engelmayer in New York, the trial […]
FTX has issued a formal statement on January 8, 2025, to clarify details surrounding Backpack entities’ claim of acquiring FTX EU Ltd. This follows Backpack’s January 7 press release, which falsely suggested its involvement in asset recovery for FTX EU’s former customers. FTX stressed that Backpack’s announcement was made without its knowledge or approval and […]
Virtuals Protocol, an AI agent platform, reported a breach of its Discord server a few hours ago. The problem started when a private key was compromised, involving one of the Discord moderators, as stated by the Virtuals team. Someone got into the server without permission, and harmful links were shared. However, the team confirmed that […]
Exodus, a digital finance company, celebrated its uplisting to the New York Stock Exchange under the ticker $EXOD. To commemorate this milestone, Exodus participated in the NYSE Opening Bell ceremony on January 8, 2025, at 9:30 AM ET, which was also live-streamed on X. Jon Paul Richardson, Chief Executive Officer, delivered an inspiring message on […]
On January 6, 2025, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, took to X to continue discussing the ongoing legal battle with the Federal Deposit Insurance Corporation (FDIC). The FDIC had admitted to sending “pause letters” to banks, urging them to suspend services to clients associated with cryptocurrency. Grewal accused the FDIC of using a […]
A 24-year-old Dutch law student from Hengelo, Netherlands, was arrested this week after further evidence emerged in connection with his alleged multi-million euro crypto scam. The man, who styled himself as a “crypto banker,” went into hiding last year when his crypto trading scheme collapsed, leaving around 300 people—including friends and family—with losses totaling up […]
WazirX has announced that it is planning to keep all the crypto assets deposited on its platform after the major cyberattack of Rs. 2000 crores in cryptocurrencies hostage until they are able to start the distributions of funds affected by the hack. Although these funds are unrelated to the hack itself, the exchange’s management has […]