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Backpack has launched withdrawals for former FTX EU customers, allowing them to reclaim frozen euro balances. However, crypto withdrawals remain unavailable. The move marks a significant step in returning trapped funds following 2022 collapse. The claims process officially began on May 12, months after Backpack acquired FTX EU in January
Strategy, formerly MicroStrategy, has acquired another 13,390 BTC for approximately $1.34 billion between May 5 and May 11. The company paid an average of $99,856 per bitcoin, according to a U.S. SEC filing on Monday. With this purchase, Strategy’s total Bitcoin holdings now stand at 568,840 BTC. These holdings are
On May 11, the trusted hardware wallet provider Ledger confirmed a security breach involving its official Discord server. One hacker was able to gain access to a moderator’s account and used it to post a phishing message in a channel on one of the servers. The message pretended to
HashKey Group has officially launched HashKey Global MENA upon being granted a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This is a significant milestone in HashKey’s growth strategy in the Middle East, and it makes the company a prominent player in the
A digital asset trust company, BitGo, recently got a MiCA license from BaFin. The license will permit the firm to offer regulated crypto services over the European Union. On May 12, BitGo announced through a blog post that the firm had received a license from Germany’s Federal Financial Supervisory Authority
The crypto market has noted a significant recovery this month, having Bitcoin hitting the $100,000 mark once again and Ethereum rising over 40% week-over-week. This week, around 30 projects are all set to unlock a total of $774 million worth of tokens. The move will result in the test of
As global governments intensify their grip on digital finance, a new breed of cryptocurrency is quietly entering the spotlight: dark stablecoins. These censorship-resistant stablecoins are becoming increasingly attractive to users seeking privacy and freedom from regulatory oversight. Ki Young Ju, CEO of CryptoQuant, sparked discussion in a May 11 post,
Hackers drained $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain early on May 11. The exploit targeted a critical vulnerability, according to a statement from blockchain security firm Cyvers Alerts. At 07:31:38 UTC, the attacker deployed a malicious contract from address 0xb32a53. Just two minutes later,
BlackRock has met with the U.S. Securities and Exchange Commission’s Crypto Task Force to address crypto regulatory concerns. The meeting, held on May 9, focused on staking, tokenization, and exchange-traded product (ETP) rules, according to a public memorandum. During the session, BlackRock representatives discussed how staking features could be added
Three years on from its Diem experiment crashing, Meta is returning to the crypto sphere this time with a measured and adoption-based approach. Rather than launching its own digital token, Meta is exploring stablecoins such as USDC and USDT to reward content creators on its platforms, including Facebook, Instagram, and
