Tag: Crypto

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The $292M crypto hack exposed DeFi’s weak spots. Here’s what must change, insiders say

The $292 million exploit of Kelp DAO and the subsequent fallout across crypto lending markets hit decentralized finance (DeFi) at a pivotal moment.Just as...

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

Crypto trade groups called for a markup of key market structure legislation within hours of U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.)...

Brazil’s central bank bans stablecoin and crypto settlement in cross-border payments

Brazil's central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances.BCB Resolution No. 561,...

‘Go Time’ For Crypto Bill

The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after...

Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield

Stablecoin yield would be prohibited under the newly released agreement between U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) addressing that contentious part...

Crypto VC Funding Plunges to $659M in April, Hits 2024 Lows

Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies.Crypto VC...

SBI Holdings eyes stake in crypto exchange Bitbank to build digital asset powerhouse

Japanese financial conglomerate SBI Holdings plans to acquire a stake in Bitbank, one of the country’s largest crypto exchanges.The Tokyo-based broker submitted a letter...

AI Agent gets EIN from IRS, bank account, crypto wallet in first autonomous company filing

ClawBank, an agent-economy infrastructure project, said its Manfred AI agent became the first such entity to autonomously set up a company, filing with the...

Crypto Pig-Butchering Crackdown: 9 Scam Centers Busted

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US, the United Arab Emirates (UAE), and Chinese authorities have cracked...

PayPal Elevates Crypto to Core Business in Strategic Reorganization

The payments giant will fold PYUSD, Braintree, and merchant processing into a new Payment Services & Crypto division, marking the first time digital assets...

BTC price bounces as big tech earnings fuel optimism; short-term pressures remain: Crypto Daily

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.Bitcoin climbed to $77,400, turning higher with other risk assets...

Crypto hacks continue as Wasabi Protocol drained of $4.5 million in admin key compromise

DeFi can't stop bleeding, and Wasabi Protocol is the latest to find out why.The protocol, a perpetuals trading platform built on Ethereum and Base,...