The cryptocurrency exchange M2, regulated as a Multilateral Trading Facility (MTF) and Custodian by the Financial Services Regulatory Authority (FSRA) hacked, resulting in a loss of $13 million from its hot wallets. The exchange, M2 operates on Ethereum, Bitcoin, and Solana. The hackers targeted M2’s hot wallets connected to the
UBS Asset Management is making waves in the digital finance world by launching its first-ever tokenized money market fund, the UBS USD Money Market Investment Fund Token (uMINT), starting in Singapore. This innovative fund, built on Ethereum’s distributed ledger technology, aims to provide investors with a secure and efficient cash
Paxos has officially launched the Global Dollar (USDG), a US dollar-backed stablecoin, in Singapore. This move aligns with the Monetary Authority of Singapore’s (MAS) regulatory framework. Furthermore, the stablecoin’s reserves will be managed by DBS Bank, Southeast Asia’s largest bank, which ensures high compliance with financial standards. (1/4) Today marks
WisdomTree, a leading provider of exchange-traded funds (ETFs) in the digital assets space, has triggered market anxiety with substantial Bitcoin and Ethereum transfers amid a turbulent period for cryptocurrencies. According to Onchain Lens, using Arkham Intelligence data, WisdomTree deposited 8,258 BTC—equivalent to roughly $598.89 million—into Coinbase on October 31. Alongside
ZetaChain (ZETA), an interoperability-focused Layer-1 blockchain, experienced a six-hour outage on Thursday, halting deposits and withdrawals. The network’s interruption was caused by a consensus failure linked to a recent update deployed to a limited number of validators, necessitating a rollback to node software version 20.0.5. At approximately 11:53 p.m. UTC,
The cryptocurrency market has witnessed a minor bear resistance in the past day, as digital asset prices have dunked. On the other hand, the crypto regulatory landscape has sprung to action as another month begins. A recent report released shows that the US SEC has charged the crypto sector with
Willemstad, Curaçao, Netherlands, 1st November 2024, Chainwire
In the last 24 hours, several interesting market activities occurred. The crash of the US stock market took the spotlight as the leading cryptocurrency Bitcoin also returned to the $69K level. Meanwhile, on the regulatory end, the SEC received a response from its recent Wells Notice receiver, Immutable. Crypto assets
Every so often, a new cryptocurrency emerges equipped with cutting-edge technology and the determination to rival established blockchain leaders. BlockDAG (BDAG) might just be the next contender. Its recent brand video, styled like a high-stakes Formula 1 race, encapsulates its ambitious mission to surpass current blockchain frontrunners, and the figures
Zug, Switzerland, 31st October 2024, Chainwire
