The U.S. Treasury’s Financial Crimes Enforcement Network has withdrawn a 2020 proposed rule that would have imposed significant reporting and recordkeeping requirements on transactions involving unhosted crypto wallets. FinCEN confirmed it will take no further action on the proposal. It effectively ended a rule that had been hanging over the
The Senate of the United States is now investigating Tether’s USDT in relation to crypto dealings that have connections to Iran. This investigation was led by Senator Richard Blumenthal through the Senate Permanent Subcommittee on Investigations. The Senate analyzed transactions involving 846 crypto wallets that it had sanctioned or considered
This week, the topic of crypto security became a relevant one because of blockchain researcher ZachXBT’s remarks on the reliability of hardware wallets in relation to self-custody of funds. In fact, his views were in contrast to the current practices and drew attention to the issue of crypto wallets’ protection
South Korean digital bank KBank, also known as a “big partner” of Upbit, has filed trademarks related to stablecoin and crypto wallet services. This is particularly interesting as the bank is soon to go public with its initial public offering. The filing of trademarks indicates that KBank is planning to
A crypto wallet has received over 6 million WLFI tokens from BitGo. This has triggered speculation about retaining the holding after Donald Trump Jr confirms key developments for World Liberty Financial, or WLFI. Token prices have surged over the last 24 hours to mark further gains on a monthly basis.
Blockchain analytics firm Bubblemaps has pushed back against viral claims alleging that a high-profile Polymarket trader had insider ties to a cofounder of World Liberty Financial. The firm said the on-chain logic behind the accusations relies on weak assumptions and misleading analysis. In a Jan. 5 post on X, Bubblemaps
After unknowingly buying a compromised cold wallet on Douyin, the Chinese counterpart of TikTok, a crypto investor lost a staggering amount of about $6.9 million, with SlowMist, a blockchain security company, providing the statement. It also highlights the growing concern regarding counterfeit hardware wallets being pushed through online unauthorized platforms.
As crypto users face growing concerns over the security of their assets, the question of who truly controls them has never been more critical. Exchange hacks are a constant reminder that convenience often comes at a cost. Users are exploring self-custody as an alternative mode to secure their assets. But
On March 18, Binance Wallet recorded a single-day volume of $90.556 million. It accounted for 54.1% of the total volume in the crypto wallet sector that day. The sharp rise in market share coincided with OKX’s March 17 decision to suspend its DEX aggregator service. According to data from Dune.com,
Phantom crypto wallet raised $150 million in a Series C funding round led by venture capital firms Sequoia and Paradigm. The firm was valued at $3 billion and other firms such as a16z and Variant have also participated in the funding. We're thrilled to share we've raised a $150M Series
